Keep your Bitcoin investment safe with these crucial security measures:

🔐 Before You Buy:

• Only use regulated South African exchanges (like those listed above)
• Enable 2FA (Two-Factor Authentication) immediately
• Use a unique, strong password (not used on other sites)
• Verify the platform’s web address carefully
• Never click links from emails or WhatsApp messages claiming to be from exchanges

💰 When Buying:

• Start small (R500 is perfect) until you’re comfortable
• Only invest what you can afford to lose
• Double-check all wallet addresses before sending
• Keep proof of all your transactions
• Never share your screen with anyone offering to “help”

🛡️ For Long-term Storage:

• Consider a hardware wallet for amounts over R5,000
• Never store your backup phrases digitally
• Keep your recovery codes in a safe place
• Don’t tell others how much Bitcoin you own
• Regularly update your security settings

⚠️ Red Flags to Watch For::

• Promises of guaranteed returns
• Pressure to invest quickly
• WhatsApp trading groups
• Unsolicited investment advice
• “Special” private deals

Remember: No legitimate platform will ever ask for your password or recovery phrase.

Also, the Financial Sector Conduct Authority (FSCA) has released important safety guidelines for cryptocurrency investors recommending these key security measures.

And if you’re new to crypto check out this beginner’s guide to blockchain before investing.

As well as Investopedia’s Bitcoin basics to learn more about cryptocurrency.