Different options to protect your encrypted assets (intimate Q&A version)
The current market situation is indeed panic-inducing, but if you are an experienced crypto asset player, I believe you have experienced several crises similar to this event. Whenever people think that this event is enough to make the crypto market decline, it always unexpectedly rises again, proving the absolute advantage and strong potential of decentralization.
There are many different options to protect your crypto assets, including selling, withdrawing, converting to stablecoins, etc. You can choose based on your specific needs and market judgment.
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First, do you choose to sell cryptocurrencies to ensure the safety of your funds
If your answer is “yes”, please continue to read the text in section ‘1-1’. If your answer is “no”, please skip this section and read the next part of the text.
1-1 Sell crypto assets for cash/fiat
Selling crypto for USD and other fiat currencies is one of the methods to prevent the loss of value in crypto investments. When you decide to sell your crypto, you can securely and easily choose the best quote for the transaction in Gate.io’s Fiat Currency Trading area, while also enjoying a 0% transaction fee discount. Gate.io has conducted strict reviews of merchant qualifications and has granted blue V certification to reputable and strong merchants. In addition, Gate.io has a very strict KYC+AML review mechanism to prevent illegal fund flows.
How to conduct fiat currency trading on the web end How to conduct Fiat Currency Trading on the APP side
Perhaps, compared to exchanging crypto assets for cash, you may prefer to withdraw and transfer the crypto assets to your wallet.
So, do you need a convenient and easy-to-use crypto wallet?
If your answer is “Yes”, please continue reading the text in section ‘2-1’. If your answer is “No”, please skip this section and read the next part of the text.
2-1 Having a worry-free and reliable cryptocurrency wallet
A crypto wallet is a wallet application that users use to store important encrypted asset information, including private keys, public keys, wallet addresses, passwords, and keystore, and other important confidential information. It can be used for various purposes, such as buying, selling, trading, and storing cryptocurrencies, NFTs, and other encrypted assets.
Wallet.io is a product under Gate.io, which supports certified login through Gate.io. After certification, one account can log in to both the exchange and personal wallet, making it easy to exchange and transfer. At the same time, Wallet.io has developed four types of user wallet modes (standard version, professional version, enterprise version, hardware wallet) for different user groups, and you can choose different modes of Wallet.io according to your needs.
For more information about wallet.io, please read → What is Wallet.io? How to quickly get started using Wallet.io?
Do you want to withdraw your crypto assets to your own wallet?
If your answer is ‘yes’, please continue reading the text in section ‘2-2’. If your answer is ‘no’, please skip this section and read the next part of the text.
Withdraw crypto assets to wallet
Because cryptocurrencies are withdrawn through ‘addresses’, when you decide to withdraw cryptocurrencies to a crypto wallet, you need to open the wallet that will receive the cryptocurrencies, click on ‘Receive’ or ‘Deposit’ to obtain the receiving ‘address’ for the corresponding currency. At Gate.io, there is a comprehensive detailed operation document to guide you through the withdrawal process. You can choose the corresponding operation method according to your operating device.
How to withdraw crypto assets on the web How to withdraw crypto assets on the APP side
During the volatile market, exchanging your crypto assets for stablecoins can serve as a hedge without having to leave the crypto market.
Do you want to exchange your crypto assets for stablecoins (USDT, USDC, DAI, etc.)?
If your answer is “Yes”, please continue to read the text in section ‘3-1’. If your answer is “No”, please skip this paragraph and read the next part of the text.
3-1 Convert cryptocurrency to stablecoin
Stablecoins create a pivot for the exchange of relatively unstable crypto assets, bridging the gap between the real world and the blockchain. There are mainly three types of stablecoins: fiat-backed stablecoin (Off-Chain-Backed Stablecoin), digital asset-backed stablecoin (On-Chain-Backed Stablecoin), and algorithmic stablecoin, no matter which type of stablecoin you choose to exchange, Gate.io can provide you with the best service.
Gate.io supports compliant stablecoin market, including USDC, BUSD and other compliant stablecoin trading, always providing users with better token selection and asset protection.
Gate.io supports compliant stablecoin market, including USDC, BUSD and other compliant stablecoin trading, always providing users with a better selection of tokens and asset protection.
“Security” and “transparency” are the cornerstones of the financial industry, and the same goes for the crypto industry. The crypto industry is both praised and criticized for its more open and free nature. Safeguarding the health and long-term development of this market cannot rely solely on sudden revelations and lessons learned. The security of user assets cannot only depend on users’ rational decisions but also requires conscientious self-discipline and careful protection from custodial institutions. The best way to ensure the security of user assets is not to intervene and apologize after an incident, but to continuously and regularly conduct independent third-party 100% margin audits.”
Since 2020, Gate.io has been closely collaborating with independent third-party audit firm Armanino LLP to conduct regular margin audits, providing users with 100% margin proof to ensure the transparency of user assets. Currently, Gate.io has completed a 100% margin audit, and users can view the audit results of Gate.io assets on the Armanino official website.
