1. Use a VPN: Connect to a virtual private network (VPN) while trading cryptocurrencies. Using a VPN encrypts all of the data sent over a connection, making it much more difficult for your identity to be exposed.
2. Utilize Privacy Coins: Consider using privacy coins such as Monero. These obscure the sender’s and receiver’s identities when making transactions, making it harder for someone to track who you are.
3. Create Multiple Wallets: Create multiple wallets across different exchanges, rather than funneling your funds into one wallet. That way, if one of your wallets is compromised, your other wallets will remain safe.
4. Never Share Personal Info: Don’t share any personal information with exchanges or other traders. Keeping your identity private is paramount in protecting yourself from identity theft and other scams.
5. Set Up Two-Factor Authentication: Many exchanges offer two-factor authentication for added security. This requires you to enter a code sent to your mobile device before you can log in each time.
6. Be Careful of Phishing: Be aware of phishing attempts. Watch out for emails that seem suspicious, as they could be attempts to get personal information from you.