Yes. While the technology behind cryptocurrencies such as bitcoin is relatively secure, using and storing them without taking the necessary precautions can expose the cryptocurrencies that you hold in your account to security risks.
At PDAX, we highly encourage that you employ the best practices when it comes to keeping your account secure. This includes creating a strong alphanumeric password and enabling two-factor authentication (2FA) to give it an additional layer of security aside from your login credentials.
As an owner of cryptocurrencies, you are solely responsible for the digital assets that you own, including understanding the risks involved in holding digital assets.
Here are some additional tips to keep in mind to ensure that your PDAX account is secured at all times:
- Enable login 2FA to give your account an additional layer of security.
- Familiarize yourself with the common cryptocurrency scams, including phishing.
- Make sure that you are on the official PDAX website (www.pdax.ph) when you log in.
- Do not give your login credentials to anyone.