#CryptoSecurity101
š Crypto Trading Fundamentals Deep Dive: #CryptoSecurity101
In crypto, you are your own bankāwhich means security isnāt optional, itās essential. Knowing how to protect your assets is just as important as knowing how to trade.
š¼ Hot Wallets vs Cold Wallets
š„ Hot Wallets = Connected to the internet (e.g. MetaMask, Trust Wallet)
ā Convenient for frequent trading
ā ļø More vulnerable to hacks and phishing
š§ Cold Wallets = Offline storage (e.g. Ledger, Trezor)
ā Maximum security for long-term holdings
ā ļø Less convenient for daily use
š” I use a mix:
⢠Hot wallet for small, active trades and DeFi
⢠Cold wallet for larger, long-term holdings I donāt touch often
š” My Crypto Security Best Practices:
ā Never share your private keys or seed phraseānot even with support teams
ā Use hardware wallets for long-term storage
ā Always double-check URLs to avoid phishing scams
ā Enable 2FA (Two-Factor Authentication) on all exchange accounts
ā Use a password manager to generate and store strong, unique passwords
ā Keep software and wallets updated regularly
ā ļø One Mistake I Learned From:
I once approved a rogue smart contract without checking itāthankfully, it was a test wallet. Now I always review permissions using tools like Revoke.cash.
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#StaySAFU #CryptoSecurity #WalletSafety #PrivateKeys #ColdWallets #CryptoBasics #BinanceTasks