#CryptoSecurity101 ### Crypto Security 101: Your Essential Guide to Protecting Digital Assets

Crypto security is paramount because, unlike traditional banking, you are your own bank. There are no chargebacks, and stolen crypto is usually unrecoverable. Protecting your digital assets requires vigilance and understanding.

Here's a breakdown of essential practices:

**1. Understand Your Wallet Types:**

* **Hot Wallets (Online/Software):** Connected to the internet (e.g., exchange accounts, mobile apps, desktop software). Convenient for active trading, but more vulnerable to hacks.

* **Examples:** Coinbase, Binance, MetaMask, Exodus.

* **Security Tip:** Only keep small amounts here, like a physical wallet for daily spending.

* **Cold Wallets (Offline/Hardware):** Not connected to the internet. Most secure for long-term storage.

* **Examples:** Ledger, Trezor (physical devices).

* **Security Tip:** Ideal for "HODLing" significant amounts.

**2. Secure Your Seed Phrase (Recovery Phrase):**

* This is a list of 12-24 words that is the master key to your wallet.

* **NEVER share it with anyone.** No legitimate entity (exchange, wallet support) will ever ask for it.

* **Write it down physically** (multiple copies, in different secure locations).

* **Do NOT store it digitally** (no screenshots, text files, emails, cloud storage). If your device is compromised, your crypto is gone.

* **Test it:** Before putting large sums in, try recovering your wallet with your seed phrase on a new or wiped device.

**3. Enable Two-Factor Authentication (2FA):**

* Crucial for exchange accounts and any service handling your crypto.

* **Use Authenticator Apps (Google Authenticator, Authy):** These are far more secure than SMS-based 2FA (which can be vulnerable to SIM-swap attacks).

* **Never use SMS 2FA for crypto accounts if an authenticator app is an option.**