$ETH
The Ethereum Security Initiative focuses on protecting users from scams and security threats. Key best practices include ¹:
- *Wallet Security*: Never share private keys or seed phrases, and consider using a hardware wallet for offline storage.
- *Transaction Safety*: Double-check transaction addresses and set smart contract spend limits to prevent unauthorized access.
- *Scam Awareness*: Be cautious of phishing scams, giveaway scams, and support scams that may impersonate official Ethereum support or promise unrealistic returns.
- *Password Protection*: Use strong, unique passwords and enable two-factor authentication to secure accounts.
- *Staying Informed*: Educate yourself on Ethereum's decentralized nature and common security threats to minimize risks.
By following these guidelines, users can significantly reduce their exposure to potential security threats.