#CryptoSecurity101
Hot wallets are online and convenient but more vulnerable to cyber threats due to their internet connection. They are best for small, frequent transactions.
Cold wallets are offline and offer superior security by storing private keys away from the internet, making them ideal for large, long-term holdings, despite being less convenient.
A robust personal security setup involves a multi-pronged approach:
* Wallet Strategy: Diversify by using both hot and cold wallets, with the majority of funds in cold storage. Use only reputable wallets.
* Strong Authentication: Employ unique, complex passwords and strong Two-Factor Authentication (2FA), preferably hardware-based or authenticator apps, for all crypto-related accounts.
* Seed Phrase Management: Store your seed phrase physically and offline in multiple secure locations; never digitize or share it.
* Device & Network Security: Use dedicated devices for crypto, keep all software updated, install antivirus, and avoid public Wi-Fi.
* Email Security: Use a dedicated, secure email with 2FA for crypto accounts.
To stay "safu," adhere to best practices like:
* Doing Your Own Research (DYOR): Thoroughly vet projects and services.
* Skepticism: Be wary of unrealistic promises or offers that seem "too good to be true."
* Scam Avoidance: Learn to recognize and avoid phishing, giveaway scams, "pig butchering" scams, and fake apps/websites.
* Information Control: Limit public disclosure of your crypto holdings.
* Security Features: Enable withdrawal whitelists on exchanges and regularly review transactions.
* Continuous Education: Stay informed about new threats and security best practices.
* Contingency Planning: Understand wallet recovery processes and have a plan for lost or compromised devices.
