Don't Fall into the Trap! 5 Crypto Security Mistakes You Must Avoid TODAY
Common Crypto Security Mistakes and How to Avoid Them
Password Weaknesses and Seed Phrase Errors
Weak or reused passwords are a widespread mistake that accounts for a significant percentage of data breaches. It is crucial to emphasize the critical need for unique and complex passwords for each cryptocurrency account, avoiding their reuse across different platforms.
The seed phrase is the master key to a crypto wallet, and its compromise or loss can lead to the irreversible loss of assets. There should be a strong emphasis on the absolute necessity to never store seed phrases digitally (e.g., screenshots, cloud drives, email); instead, users should be advised to write them down and store them securely offline in multiple physically separated locations. For advanced users, the implementation of Shamir's Secret Sharing can be discussed to split seed phrases and enhance protection.
Recognizing and Defeating Phishing Scams
Phishing scams are a prevalent and sophisticated tactic used by cybercriminals to trick individuals into divulging sensitive information.
To avoid them, users should be educated to stay very vigilant. They should be advised not to click on unsolicited emails or messages, especially those requesting personal information. The URLs of websites should always be verified to ensure they are the official Binance site before logging in or entering sensitive data. Users should be reminded that Binance provides anti-phishing email codes as an additional verification layer. Crucially, it should be emphasized that legitimate entities, including Binance, will never ask for cryptocurrencies to be sent via social media, email, or phone.