Myat Noe Htut
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#CryptoSecurity101
Key Highlights: Crypto security considerations
Here are some of the main considerations when it comes to crypto security:
Retain your independence: If you trust any institution to protect your seed phrase for you, you are not taking advantage of the greatest feature of cryptocurrency: independence.
Theft is usually permanent: If someone steals your seed phrase and takes your crypto, you will probably never get it back.
Your best protection is a private, secure backup: If you lose your seed phrase, and you don't have a backup, your crypto is gone.
Don't forget about inheritance: If you don't share access to your seed phrase with anyone at all, your heirs will never be able to access it.
Some simple best practices can help you protect your crypto — let's dive into them.
Key Highlights: Crypto security considerations
Here are some of the main considerations when it comes to crypto security:
Retain your independence: If you trust any institution to protect your seed phrase for you, you are not taking advantage of the greatest feature of cryptocurrency: independence.
Theft is usually permanent: If someone steals your seed phrase and takes your crypto, you will probably never get it back.
Your best protection is a private, secure backup: If you lose your seed phrase, and you don't have a backup, your crypto is gone.
Don't forget about inheritance: If you don't share access to your seed phrase with anyone at all, your heirs will never be able to access it.
Some simple best practices can help you protect your crypto — let's dive into them.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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