Buy Crypto
New
Markets
Trade
Futures
common-fire-img
Copy
Trading Bots
Events

Are there any risks associated with leaving cryptocurrency accounts inactive for a long period of time?

Deleon McclainJan 24, 2021 · 5 years ago1 answers

What are the potential risks of not using or accessing cryptocurrency accounts for an extended period of time?

1 answers

  • Lindholm McCaffreyMar 29, 2021 · 4 years ago
    As a representative of BYDFi, I can say that leaving cryptocurrency accounts inactive for a long period of time can indeed pose risks. It is important to regularly log in and check your accounts to ensure the security of your funds. Hackers are constantly evolving, and inactive accounts are more vulnerable to attacks. Additionally, some exchanges may have policies that charge fees or impose penalties for prolonged account inactivity. To protect your assets, it is recommended to stay active and keep your accounts updated and secure.

Top Picks