Protecting your Ripples

There have been a lot of incidents where cryptocurrencies were lost due to hacking and human error. In this section, we will look at how we can protect our Ripples.

Don't leave your Ripples on centralized exchanges

Leaving cryptocurrencies in centralized exchanges is a bad idea. Since they store these keys in a single database, when their database is compromised, our accounts can be hacked. In the past, bitcoins worth billions of dollars have been stolen from centralized exchanges. You can either use decentralized exchanges or withdraw your funds to your hardware/paper wallets. This process will be difficult for most traders, but it's a necessary precaution.

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