Unless you’ve been living under a rock, you know that one of the most exciting use cases of crypto is to both earn yield and get low-interest credit loans, especially since you earn next to nothing in your actual bank account. My newest podcast and newsletter sponsor Nexo is leading the charge in this arena with 360-degree crypto banking services.If you are looking to park your crypto and earn yield, you can make up to 12% annual interest for doing nothing. If you are looking for a loan, they have them for as little as 5.9% APR and you don’t have to sell your crypto which is a taxable event. Their credit lines are dynamic, meaning that as the value of your crypto goes up, so does your available credit. Really cool and innovative.Check them out HERE and put your crypto to work for you.Security is paramount if you are going to be your own bank.I have been getting seemingly endless messages about scams and hacks, some from close friends and associates who are generally well protected. The more popular crypto becomes, the more focused bad actors will be on stealing your funds.It's essential that you have 2FA on your email and even better if your email is encrypted, using something like ProtonMail. Nothing beats proper cold storage, but if you are using an exchange then you obviously have to store some funds there, which means you have to cover all of your bases. Having 2FA on your exchange simply isn't enough. Android users specifically are at risk of having their Google Authenticator hacked using malware - here's a link about it.If you plan to store your crypto on an exchange, make sure you have whitelisting set up (when available), a strong and unique password, never share what exchange you use (sadly I can't avoid this), use a VPN, and protect your email with it's own 2FA. I prefer having 2FA on a second, offline device like an old phone. This helps avoid a malicious take over of your main phone.These are a few of the hundreds of steps that you can take to help protect yourself.Crypto is about being your own bank. Having your funds on a hot wallet or exchange removes a number of factors from your control. Do it as safely as possible.This newsletter is always sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out - you know that I never endorse a product that I do not use!In This Issue:Use 2FA On Your EmailBitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsWill Bitcoin Always Be The Best Bet?Roll Token Drops 100% After HackETH Held On Centralized Exchanges At All Time LowPolkalokr - Simplicity in DeFiThe Wolf Of All Streets Podcast Ft. Beeple & Ryoma ItoMy Recommended Platforms And Tools
The Wolf Den #199 - Use 2FA On Your Email
The Wolf Den #199 - Use 2FA On Your Email
The Wolf Den #199 - Use 2FA On Your Email
Unless you’ve been living under a rock, you know that one of the most exciting use cases of crypto is to both earn yield and get low-interest credit loans, especially since you earn next to nothing in your actual bank account. My newest podcast and newsletter sponsor Nexo is leading the charge in this arena with 360-degree crypto banking services.If you are looking to park your crypto and earn yield, you can make up to 12% annual interest for doing nothing. If you are looking for a loan, they have them for as little as 5.9% APR and you don’t have to sell your crypto which is a taxable event. Their credit lines are dynamic, meaning that as the value of your crypto goes up, so does your available credit. Really cool and innovative.Check them out HERE and put your crypto to work for you.Security is paramount if you are going to be your own bank.I have been getting seemingly endless messages about scams and hacks, some from close friends and associates who are generally well protected. The more popular crypto becomes, the more focused bad actors will be on stealing your funds.It's essential that you have 2FA on your email and even better if your email is encrypted, using something like ProtonMail. Nothing beats proper cold storage, but if you are using an exchange then you obviously have to store some funds there, which means you have to cover all of your bases. Having 2FA on your exchange simply isn't enough. Android users specifically are at risk of having their Google Authenticator hacked using malware - here's a link about it.If you plan to store your crypto on an exchange, make sure you have whitelisting set up (when available), a strong and unique password, never share what exchange you use (sadly I can't avoid this), use a VPN, and protect your email with it's own 2FA. I prefer having 2FA on a second, offline device like an old phone. This helps avoid a malicious take over of your main phone.These are a few of the hundreds of steps that you can take to help protect yourself.Crypto is about being your own bank. Having your funds on a hot wallet or exchange removes a number of factors from your control. Do it as safely as possible.This newsletter is always sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out - you know that I never endorse a product that I do not use!In This Issue:Use 2FA On Your EmailBitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsWill Bitcoin Always Be The Best Bet?Roll Token Drops 100% After HackETH Held On Centralized Exchanges At All Time LowPolkalokr - Simplicity in DeFiThe Wolf Of All Streets Podcast Ft. Beeple & Ryoma ItoMy Recommended Platforms And Tools