How to ensure safe transactions with Monero and Zcash
As the use of cryptocurrencies continues to grow, the number of transactions that occur in different blockchain networks is also increasing. Two popular cryptocurrencies for safe and private transaction processing are Monero and Zcash. Like any digital currency, however, they come up with risks if not used correctly. In this article, we will guide you with proven procedures to ensure safe transactions when using Monero and Zcash.
Understanding foundations
Before we dive into the specifics of securing your Monero and Zcash transactions, it is essential to understand how these cryptocurrencies work:
* Monero (XMR) : Private cryptocurrency that uses the signatures of the rings. These signatures ensure that transactions are resistant to unauthorized unauthorized and anonymous.
* Zcash (ZEC) : Cryptocurrency aimed at protecting personal data, which also uses zero security technology. This means that blockchain is constantly updating to make it difficult for third parties to access your transaction history.
Protection of your Monero
transactions **
- Use a hardware wallet : Invest in a renowned hardware wallet such as a book or safe. These wallets provide an additional layer of safety and are resistant to hacking.
- Enable two -factor verification (2FA) : Add another layer of safety by allowing 2FA on your Monero wallet. This adds another factor to the authentication process, making it difficult to get access to hackers.
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Save your private keys safely : Make sure to store your private keys in a safe place, such as fire safety or encrypted storage.
Protection of your ZCASH transactions **
- Use a zero security wallet : Invest in a renowned wallet with zero sec, such as a book or safe. These wallets provide an additional layer of safety and are resistant to hacking.
- Enable payments of multiple signatures : Consider using protocols on multiple signatures using ZCASH wallet. This means that several parties must agree on a transaction before it can be processed.
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Save your private keys safely : As with Monero, be sure to store your private keys to a safe place.
common fraud and threats
While using Monero and Zcash provides a high level of safety, there are still fraud and threats you can be careful:
* Phishing Fraud
: Be careful when receiving e -mails or messages that apply for sensitive information. These frauds can lead to taking over the account.
* hacking wallets : Never use Wi-Fi public networks to access your wallet. Use a safe VPN connection instead.
Conclusion
The use of Monero and Zcash requires careful attention to proven security procedures. By following these tips and vigilance, you can minimize the risks associated with the use of these cryptocurrencies. Remember, safety is not just about protecting your funds; It is also about protection against frauds and threats.