#CryptoSecurity101
š #CryptoSecurity101: Protecting Your Digital Assets
1. Use a Secure Wallet
⢠Hardware Wallet (cold storage): Best for long-term holdings (e.g., Ledger, Trezor).
⢠Software Wallet (hot wallet): Convenient for frequent transactions but more vulnerable to hacks (e.g., MetaMask, Trust Wallet).
⢠Never store large amounts on exchanges.
2. Protect Your Private Keys
⢠Your private key or seed phrase gives full access to your funds.
⢠NEVER share it with anyone.
⢠Write it down offline and store in a safe place. Avoid digital storage (e.g., screenshots, cloud services).
3. Enable 2FA (Two-Factor Authentication)
⢠Always use Google Authenticator or Authy (avoid SMS-based 2FA which is vulnerable to SIM swapping).
⢠Secure your email and exchange accounts with strong passwords and 2FA.
4. Beware of Phishing Scams
⢠Never click on suspicious links or download unknown files.
⢠Double-check URLs ā scammers often mimic exchange or wallet websites.
⢠Bookmark trusted sites and access them only from bookmarks.
5. Keep Software Up to Date
⢠Regularly update your wallet apps, browser extensions, and firmware on your hardware wallets.
⢠Updates often fix vulnerabilities.
6. Avoid Public Wi-Fi
⢠Donāt access your crypto accounts on unsecured or public Wi-Fi.
⢠Use a VPN for extra protection.
7. Use Reputable Projects
⢠Do due diligence before investing in or interacting with new tokens or protocols.
⢠Watch out for rug pulls, fake airdrops, and pump-and-dump schemes.
8. Backup Everything
⢠Backup your seed phrase and any relevant credentials.
⢠Consider multiple backups stored in separate secure locations.
9. Watch for Social Engineering
⢠Scammers often impersonate support agents or influencers.
⢠No legit service will DM you first or ask for your private key or seed phrase.
10. Plan for the Worst
⢠Have a crypto inheritance plan (trusted person with access instructions in case something happens to you).