When we talk about privacy in the cryptocurrency world, Monero can be mentioned among the very few promoting it. Monero, recently published many pages regarded as its ‘Best practices’.
This published pages enlightens cryptocurrency lovers on how to manage their Monero in the best possible way. It also gives necessary updates to New comers as well as professionals in the field. This information also assists other digital currencies to solve their problems, which has made this update very important for non-users of Monero.
Monero (XMR) Price Today – XMR / USD
• Have a good understanding of your exchange
Once you have a safe wallet for your Monero, you must be sure of where you are getting your Monero from.
• Don’t disclose what you have
Your actions are very important here. Those who are fond of disclosing how much Monero they have in their wallets are at a higher risk of being attacked by hackers. If your worth is unknown, no one will consider stealing from you.
• Keep your private keys
Under no circumstance should you release your private keys to anyone. Once your private key is intact, your Monero is safe. No one can demand your private keys in a bid to solve your problem; they are simply trying to steal from you. Avoid them immediately.
• Know your hard forks
Monero does two hard forks yearly unlike other cryptocurrencies that do hard forks when big issues arise like the Ethereum DAO hack. For Monero, hard forks make implementations of Monero in the past incompatible. This helps users update their wallets when due, for easy sending and receiving of funds.
• Participation in the community
You must know that, all things that may possibly affect you have been managed. This has to do with proactivity rather than reactivity. Engagement in the community doesn’t really keep your Monero safe, it only updates users of any threat.
Monero’s trading price
Monero is in consolidation and in the supply area, trades between $124.42 and in the lower demand area of the range,trades at $103.80. During this period, it is very important users exercise patience. A breakout at the upper supply area will be good for long position while for a short position,a breakdown at the lower area.