Today, the webcam industry actively uses crypto payments. Never encountered this before? It's very simple!
We have created a detailed guide for you, following which you can easily start to navigate the world of cryptocurrencies.
Here are 8 simple steps: how to register your wallet and follow security measures.
The first step is to choose a reliable and secure platform. Pay attention to the following parameters:
Reputation and reviews. Check the rating and reviews of the exchange for the danger of fraudulent platforms. Popular options: Binance, Bybit, BingX
Supported currencies. Make sure that the exchange supports the cryptocurrencies you are interested in.
Study the withdrawal conditions and transaction fees.
Security level. Check the availability of two-factor authentication (2FA) and account protection features.
After choosing an exchange, proceed to the registration process:
Visit the official website. Make sure the exchange URL is correct. Fishing sites often copy the interfaces of popular platforms, but contain separate addresses.
Create an account. Enter your email address or phone number, creating a complex password (a combination of letters, numbers and symbols).
Confirm registration. Follow the link in the email or enter the code sent by SMS.
Pass the KYC check. This is necessary to comply with the law and protect your account. Upload copies of documents (passport or ID) and do it yourself.
Security measures during registration:
Use a unique password, do not repeat passwords from other services.
Store passwords in a password manager (for example, LastPass or 1Password).
Enable two-factor authentication (2FA) through the Google Authenticator or Authy app.
How to create an internet-connected crypto wallet (such as the Trust Wallet or MetaMask mobile app).
Download the app from the official website or from the app store.
Create a new wallet. You will be given a seed phrase (12-24 words) that is used to restore access.
Write down the seed phrase on paper and keep it in a safe place. Never share it with a third party.
Add cryptocurrencies by selecting the appropriate address to fill in.
To protect your funds, follow these guidelines:
Don't save your seed phrase on your computer or in the cloud. Paper or metal plates are better options.
Update your wallet and app exchange software regularly.
Be wary of suspicious links and emails. Scammers often use engineering to steal data.
Diversify your assets. Don't keep all your funds on one platform or in one wallet.
Top up your wallet. To receive cryptocurrency, copy your address (it looks like a long string of characters) and send it to the sender or use the QR code.
Send funds - enter the recipient's address, enter the details and select the fee (the higher the fee, the faster the transaction).
Verify transactions - use payment monitoring tools (e.g. Etherscan, Blockchain.com) to ensure the security of payments. If the address is not found, you may not be using your network.
If your wallet supports multiple currencies, make sure you are sending the correct cryptocurrency to a compatible address. To check the compatibility of your cryptocurrencies and network before sending funds, follow these steps:
Ask the recipient which network they accept funds on (e.g. Ethereum (ERC-20), Binance Smart Chain (BEP-20), Tron (TRC-20), etc.).
When sending funds, make sure you select the same network as the recipient. For example, USDT can exist on multiple networks (ERC-20, BEP-20, TRC-20) and get edited to the wrong network to lose funds.
Addresses can be used on different networks. For example:
Ethereum (ERC-20) and Binance Smart Chain (BEP-20) have a good format (0x…), but are different networks.
Tron (TRC-20) starts with “T…”.
Bitcoin (BTC) uses a different format than Ethereum tokens.
If the amount is large, send a small amount first and make sure the funds arrive.
If selected incorrectly, the transaction will be cancelled and it may be difficult or impossible to return the funds to the network.
Remember that cryptocurrencies are high-risk assets.
Following these recommendations will help you confidently and safely begin your journey into the world of digital assets.