Thanks to the Internet and the rise of cryptocurrencies, we live in a world with diminishing boundaries, with many people relying on phones as extensions of themselves. You can travel from one country to another by train, bus, bike, car, boat, or plane, and you can use Dogecoin to have more control over your financial account. Seamlessly spend your money at any merchant in the network. Dogecoin transactions come with lower fees than traditional payment options like banking services or credit cards because there’s less competition for block space, meaning the network can handle transaction volume without congestion.
Whether you’re sticking close to home or crossing oceans, you’ll want to keep your cryptocurrency secure when traveling. There’s no way to know for sure whether the Dogecoin price will see growth by 2025 or reach an all-time high, but it’s here to stay, having survived phases of skepticism, popularization, duplication, and falls from grace. As a crypto holder, you bear the responsibility of securing and protecting your wealth, something that isn’t easy to do since accidental loss and theft are commonplace. As cryptocurrency – and, in particular, meme coins – becomes more mainstream, protecting your digital assets is crucial.
Get A Hardware Wallet For Day-To-Day Transactions
Spending money can be a habit, and the more transactions you make, the stronger your habit becomes. A hardware wallet ensures private and secure control over your funds on the blockchain, so you don’t have to rely on others to verify your identity; transactions involve signing with the private key within the device itself, meaning the key never leaves the wallet. While traveling the world using cryptocurrency, it’s best to use a hardware wallet to interact with blockchain apps and platforms. The hardware wallet generates a secret recovery phrase to keep your key secure and easy to manage. Your holdings are connected to that phrase.
A hardware wallet has no means of connecting to the Internet, so it’s literally impossible for threat actors to access your account. Transactions are signed within the device, which functions as a crypto bridge, essentially a software protocol that enables communication and interaction between different blockchains. Upon confirming transactions, you’ll be prompted to provide additional authorization by entering a passphrase or PIN code. You can monitor the progress of transactions using a blockchain explorer or the wallet software, but remember to disconnect the hardware wallet from the desktop or mobile device to ensure safekeeping.
Ensure Two-Factor Availability When Traveling
Two-step verification provides a higher level of security by making it harder for threat actors to access your device or online account. Protecting your digital identity is very important when you’re spending cryptocurrency because hackers take note of all addresses and can eventually identify the one linked to your wallet. If your account is of interest (you have large sums), you become a target for anything from scams to cyber-extortion threats. You can enable two-factor authentication to become mandatory when you send or withdraw cryptocurrency, which involves generating a unique, one-time code that works for a few seconds.
All travelers should have two-factor authentication on their important accounts, such as banking, email, and social media. Whatever application or service you’re logging into must double-check that the request is coming from you by confirming the login through a separate venue. Even if a hacker obtains the login credentials, they can’t access the data without a second form of authentication. You can use SMS-based, email-based, or third-party authentication. Text messages, while convenient, are less secure due to SIM swapping, a technique fraudsters use to retrieve your mobile number for their financial gain. Hackers often compromise email accounts, so using Google Authenticator is best.
Use Exchanges With A Proven Track Record Of Security And Reliability
A cryptocurrency exchange gives you the much-needed tools to buy and sell Dogecoin and other cryptocurrencies with low fees and strong security features. Always keep your device handy with a good Internet connection. Tempting as it may be to leave crypto trading at home, you don’t want to miss out on exciting opportunities, so capitalize on the growth and volatility of digital assets. Ensure you use a trusted platform and avoid apps you can’t verify, including those shared by others. Conduct thorough research to identify exchanges with a strong reputation in the cryptocurrency community that implement robust security measures, such as cold storage for funds, two-factor authentication, and regular security audits.
The number of cryptocurrency exchanges has increased over the years, so investors are faced with a sea of options and choices. Look for user reviews, community feedback, and a history of security breaches.
Different platforms support different cryptocurrencies, so ensure the exchange you choose supports Dogecoin, the meme coin whose trading volumes flip Bitcoin in South Korea. It’s essential to choose wisely. Prompt and reliable customer support is important, especially if you encounter issues or have questions about your transactions. Be overly cautious when using cryptocurrency exchanges that are banned in certain countries.
Engage With Crypto Enthusiasts And Early Adopters
Suppose you’re traveling with cryptocurrency exclusively. In that case, you can rely on the community for money transfers. If you want to pay someone back for a coffee or split a meal, you can resort to peer-to-peer payment services. You have the freedom to choose other traders you want to do business with; the peers in the network handle the deal and manage the cryptocurrency. Reach out to cryptocurrency enthusiasts and early adopters for exposure and valuable feedback. You can find communities on X, Instagram, Facebook, WhatsApp, and so on. Not only can you connect with like-minded individuals, but you can also learn from others’ experiences to expand your knowledge, avoid costly mistakes, and make informed decisions.
Concluding Remarks
As with any valuable asset, it’s vital to take steps to protect your cryptocurrency when traveling, especially if you’re crossing international borders. All of us like to see the world, not just to experience new cultures and locations but also to enjoy a sense of freedom of time and place. Be extra aware and cautious when using cryptocurrency.
By Amey MyersAmey, an intrepid traveler and avid blogger, roams the world, absorbing diverse cultures, flavors, and experiences. Her writing captures the essence of her adventures, inspiring others to explore. Amey's infectious passion for travel and storytelling epitomizes a life filled with exploration and adventure.
