#CryptoSecurity101
Main Points on Cryptocurrency Security (#CryptoSecurity101):Use of Two-Factor Authentication (2FA):Enabling 2FA on all cryptocurrency-related accounts (exchanges, wallets) is an essential practice. Use authenticator apps like Google Authenticator or Authy, avoiding SMS due to vulnerability to SIM swap attacks.Crypto Wallets:Cold Wallets: Hardware wallets like Ledger or Trezor are highly recommended for storing cryptocurrencies long-term, as they keep private keys offline, protecting against online attacks.Hot Wallets: Use only for daily transactions, with limited amounts, since they are connected to the internet and are more vulnerable.Never store large amounts on exchanges; transfer to secure wallets after transactions.Protecting Private Keys and Recovery Phrases:Never store private keys or recovery phrases (seed phrases) on devices connected to the internet or in screenshots. Write them down on paper or use secure methods like physical safes.For greater security, consider wallets with multiple signatures (multi-signature), which require more than one key to authorize transactions.