#CryptoSecurity101 Crypto Security 101: A Beginner's Guide to Staying Safe with Cryptocurrency
Cryptocurrency offers decentralization, financial autonomy, and privacy — but it also comes with risks if you're not careful. Here's a concise overview of the most important aspects of crypto security:
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🔐 1. Use a Secure Wallet
There are two main types of wallets:
Hot Wallets (connected to the internet): convenient but more vulnerable to hacks.
Examples: MetaMask, Trust Wallet, Coinbase Wallet
Cold Wallets (offline storage): much safer for long-term holding.
Examples: Ledger, Trezor
🔒 Best Practice: Use a hardware wallet for significant holdings. Only keep small amounts in hot wallets for daily use.
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🧠 2. Protect Your Private Keys & Seed Phrases
Your private key or seed phrase (12–24 words) is your master password. If someone has this, they have your crypto.
✅ Do:
Write it down and store it offline in a safe place.
Consider storing a copy in a secure, fireproof location.
❌ Don’t:
Store it in plain text on your phone or computer.
Share it with anyone.
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🛡️ 3. Use Strong Passwords + 2FA
Use unique, complex passwords for your crypto accounts.
Enable 2-Factor Authentication (2FA) — preferably via an app like Authy or Google Authenticator, not SMS.
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🎣 4. Avoid Phishing Scams
Phishing is one of the most common threats.
Tips:
Never click on suspicious links (especially in emails or Discord/Telegram messages).
Always double-check URLs. (e.g., binance.com vs. `binarn