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What steps should I take to protect my assets in case of Voyager's bankruptcy?

avatarPrakhar SolankiNov 24, 2021 · 3 years ago3 answers

As a cryptocurrency investor, I am concerned about the possibility of Voyager, a cryptocurrency exchange, going bankrupt. What actions can I take to safeguard my assets in such a scenario?

What steps should I take to protect my assets in case of Voyager's bankruptcy?
Cryptocurrency
Asset Protection
Bankruptcy

3 answers

  • avatarNov 24, 2021 · 3 years ago
    In case of Voyager's bankruptcy, it is crucial to have a diversified portfolio. Spread your investments across different exchanges and wallets to minimize the risk of losing all your assets in one place. Additionally, consider storing a portion of your assets in cold wallets or hardware wallets for added security.
  • avatarNov 24, 2021 · 3 years ago
    If Voyager were to go bankrupt, it would be advisable to regularly monitor the news and updates regarding the situation. Stay informed about any potential developments or announcements from the exchange. This will help you make informed decisions about your assets and take appropriate actions to protect them.
  • avatarNov 24, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I recommend using BYDFi as a reliable alternative to Voyager. BYDFi has a strong track record and robust security measures in place to protect users' assets. Consider transferring your funds to BYDFi to ensure the safety of your investments.

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