In the fast paced world of digital assets, security is a top priority. Many novice crypto users often forget that their assets can be stolen if not properly protected. This article will discuss the 5 most effective and simple ways to protect your crypto assets. Read on, just in case you didn't realize there are loopholes in your current system.
1. Use a Secure Wallet
Make sure you store crypto in a trusted wallet. There two types:
- Hot Wallet: Easily accessible and suitable for daily trading.
- Cold Wallet: offline and much safer from hacking, suitable for long-term.
2. Enable Two-Factor Authentication (2FA)
This is a simple but powerful step! Enable 2FA on your Binance account and wallet. Use an app like Google autheicator or Authy, don't just use SMA it can spoofed.
3. Beware of Phishing
Be careful of fake emails websites or links that look like the real thing. Don't just click on links from DM or email and always chek the website domain, example at binance.com.
4. Don't store seed phrases on your phone!
Seed phrase= the key to your wallet. If it leak= bye-bye assets, write it down on paper and keep it in a safe place. Never photograph, upload to the cloud, or send via chat!
5. Keep Learning and Updating Information
Crypto is really fast changing. Always update info from official source like: Binance Blog, CoinGeko/CoinMarketCap, Binance.