#CryptoSecurity101 Great topic — #CryptoSecurity101 is essential knowledge for anyone involved in cryptocurrency. Whether you're a beginner or seasoned trader, securing your assets is non-negotiable. Here’s your complete primer:
🔐 #CryptoSecurity101: Stay Safe in the Crypto World
🧠 Core Principle:
> "Not your keys, not your coins."
If you don't control your private keys, you're trusting someone else with your money.
🔒 1. Wallet Security
🔹 Hot Wallets (connected to the internet)
Examples: MetaMask, Trust Wallet, Coinbase Wallet
Use for: Small, frequent transactions
Risks: Susceptible to hacks, phishing
🔹 Cold Wallets (offline storage)
Examples: Ledger, Trezor (hardware wallets), paper wallets
Use for: Long-term storage
Benefits: Immune to online threats
🧾 2. Private Keys & Seed Phrases
NEVER share your seed phrase.
Store offline: Write it down, store it securely (fireproof safe or steel plate).
Avoid screenshots or cloud storage.
🧑💻 3. Common Threats
Threat What It Is Defense
Phishing Fake websites/emails mimicking real ones Double-check URLs, use bookmarks
Scam Airdrops Fake token drops to bait users Don’t interact with unknown tokens
Rug Pulls Devs drain liquidity & vanish DYOR before investing
Clipboard Malware Replaces copied wallet addresses Always double-check pasted addresses
SIM Swaps Hackers gain control via phone number Use authenticator apps, avoid SMS 2FA
🛡️ 4. Best Practices
✅ Use 2FA (preferably with an app like Authy or Google Authenticator)
✅ Keep software updated
✅ Use strong, unique passwords (password manager helps)
✅ Verify all dApp permissions (especially on MetaMask)
✅ Limit exposure: Don’t keep all your crypto in one place
✅ Use reputable platforms (Binance, Coinbase, Kraken, etc.)
🧩 5. Advanced Tips
🧊 Multi-sig wallets for team-controlled funds
🕵️ Use a VPN when trading on public Wi-Fi
🧱 Consider using a firewall or dedicated device for crypto use