#CryptoSecurity101
Protecting Your Digital Assets in the World of Cryptocurrency
Gives you control over your money, and power comes with security. Here are the basics of protecting your investments:
1. Keys: Public and Private
. Public Key: You can share it to receive money.
. Private Key: Whoever holds the key owns your money.
. Never share it with anyone.
. Do not store it on your phone or computer connected to the internet.
2. Wallets: A place for your digital money
Hot Wallets: Connected to the internet (Apps and browser extensions).
Advantage: Ease of use for daily transactions.
Advice: Do not store large amounts and use it only when you need it.
Cold Wallets / Hardware Wallets: Physical devices not connected to the internet most of the time.
Advantage: Highest level of security.
Advice: The best place to store most of your long-term digital assets (Ledger / Trezor).
Exchange Wallets: Wallets located within trading platforms (Binance / Coinbase).
3. Protecting Your Accounts: Strong Passwords and Two-Factor Authentication (2FA): An extra security step (Google Authenticator or Authy). Avoid using 2FA via SMS as it can be hacked. Beware of Phishing: Do not click on suspicious links in emails or messages.
4. Recovery Seed Phrase: The key to recover everything
.A phrase of 12-24 words generated by your wallet upon creation that allows you to recover all your assets.