Different Options for Protecting Your Crypto Assets (Q&A Version)

The current market situation is alarming, but if you are a senior crypto asset player, I believe you have experienced several crises similar to this incident. Whenever people think that this event is enough to make the crypto market depressed, it always rises again unexpectedly, proving the absolute advantage and tenacious potential of decentralization.

There are many different options for protecting your crypto assets, including selling, withdrawing, and converting into stablecoin. You can choose according to your specific needs and market judgment.

First of all, do you choose to sell cryptocurrency to ensure your capital security?

If your answer is "Yes", please continue to read the text in paragraph "1-1".

If your answer is "No", please skip this paragraph and read the next part.

1-1 Selling Cryptocurrency to Obtain Cash/Fiat

Selling cryptocurrency in exchange for fiat currency such as USD is one of the ways to prevent crypto investment from losing value. When you decide to sell your cryptocurrency, you can choose the best quotation safely and easily in the C2C trading section of Gate.io, and you can also enjoy a zero-commission discount. Gate.io has strictly reviewed the qualification of merchants, and blue V certification has been carried out for merchants with reputation and strength. In addition, Gate.io has a very strict KYC+AML review mechanism to eliminate illegal capital flows.

How to sell Crypto to FIAT as a user - Web

How to sell Crypto to FIAT as a user - App

Perhaps you prefer to withdraw your cryptocurrency and transfer it to your wallet rather than exchange it for cash.

So, do you need an easy-to-use and convenient crypto wallet?

If your answer is "Yes", please continue to read the text in paragraph "2-1".

If your answer is "No", please skip this paragraph and read the next part.

2-1 Hold a Secure Crypto Wallet

A crypto wallet is a wallet application for users to store important crypto asset information, including private key, public key, wallet address, password, keystore, and other important private information. It can be used for a variety of purposes, such as purchasing, selling, trading, and storing cryptocurrency, NFTs, and other crypto assets.

Wallet.io is a product under Gate.io, which supports Gate.io authentication login. After authentication, users can log in to the exchange and personal wallet with one account simultaneously, which can facilitate exchange and transfer. Meanwhile, Wallet.io has developed four user wallet modes (standard, professional, enterprise and hardware wallet) for different user groups. You can choose Wallet.io of different modes according to your needs.

For more details, please refer to What Is Wallet.io? How to Adopt Wallet.io as Soon as Possible?

Do you want to withdraw crypto assets to your wallet?

If your answer is "Yes", please continue to read the text in paragraph "2-2".

If your answer is "No", please skip this paragraph and read the next part.

2-2 Withdraw Cryptocurrency Into Wallet

Because the cryptocurrency is withdrawn through the "address", when you decide to withdraw the cryptocurrency into the crypto wallet, you need to open the wallet that receives the cryptocurrency and click "Receive" or "Deposit" to obtain the receiving "address" of the corresponding currency. On Gate.io, there are comprehensive and detailed operation procedure documents to guide you to withdraw cash. You can select the following corresponding operation methods according to your operating equipment:

How to Deposit/Withdraw Fund on Gate.io (Website)

How to Deposit/Withdraw Fund on Gate.io (APP)

When the market is in violent turbulence, the crypto assets in hand can be exchanged for stablecoin, which can play a certain role of risk aversion without leaving the crypto market.

Do you want to convert your crypto assets into stablecoins (USDT, USDC, DAI, etc.)?

If your answer is "Yes", please continue to read the text in paragraph "3-1".

If your answer is "No", please skip this paragraph and read the next part.

3-1 Converting Cryptocurrency into Stablecoin

Stablecoins create a fulcrum for the exchange of cryptocurrencies with relatively unstable prices, and build a bridge between the real world and the blockchain. There are three types of stablecoins: Off-Chain-Backed Stablecoin, On-Chain-Backed Stablecoin and Algorithmic Stablecoin. Gate.io can provide you with the best service no matter which type of stablecoin you choose to exchange.

Gate.io supports the compliant and stablecoin market, including USDC, BUSD, and other compliant and stablecoin transactions, and always provides users with better token selection and asset protection.

"Security" and "transparency" are the cornerstones of the financial industry, as is the crypto industry. The crypto industry is sought after and criticized due to its more open and free characteristics. To maintain the health and long-term development of this market, we cannot rely only on crashes and lessons. The security of user assets cannot rely only on the rational decisions of users, but also requires the self-conscious self-discipline and careful protection of custodial institutions. The best way to ensure the security of users' assets is not to ask for intervention and apology after the incident occurred, but to conduct a continuous and regular 100% margin audit by an independent third party.