Crypto survival guide: 5 rules for anonymous payments
Created: Monday, July 6th, 2020 - 4:18AM
Bitcoin USD Price (BTC-USD): $9,077.09 USD
Location: Global, under the moonlight
By: Boss
Source: Ebi.Te.Ua
White paper check - ↑
Before choosing any crypto asset for holding funds, spending during full moon celebrations, or safe P2P exchanges, always start with the white paper. Use AI tools to analyze it: highlight strengths, expose weaknesses, and detect hidden risks. Only after this critical review should you make a decision about purchasing the asset.
Community trust - ↑
A strong community often reflects the long-term health of a crypto project. Explore forums, Telegram groups, and on-chain activity to see how engaged and transparent the community is. Beware of hype without substance, and trust only those networks that value open discussion and consistent development.
Privacy features - ↑
If your focus is on anonymous payments, carefully examine the asset’s privacy layer. Look for technologies like ring signatures, zero-knowledge proofs, or stealth addresses. Make sure these features are actively maintained and not just marketing buzzwords, as weak privacy can expose your identity.
Liquidity & P2P safety - ↑
Check whether the coin is widely traded on both centralized and decentralized platforms. Strong liquidity ensures fair prices and easy exit strategies. For peer-to-peer exchanges, always use platforms with built-in escrow and reputation systems to protect yourself from scams.
Security practices - ↑
No matter how promising the coin looks, your safety comes first. Use hardware wallets, enable multi-factor authentication, and split your holdings if needed. Never store large amounts on hot wallets or unverified exchanges. Remember: in crypto, you are your own bank.
In the end, survival in crypto comes down to discipline: always start with a white paper check, measure community trust, demand strong privacy features, verify liquidity and safe P2P options, and never compromise on security practices. Follow these five rules consistently, and you will navigate anonymous payments with confidence while keeping your assets protected.
Boss.