1. Public and Private Keys:
- Public Key: Acts as an address for receiving cryptocurrency.
- Private Key: Essential for authorizing transactions; must be kept secret.
2. Crypto Wallets:
- Hot Wallets: Connected to the internet, convenient but more vulnerable to hacking.
- Cold Wallets: Offline storage, more secure from online attacks.
3. Seed Phrase:
- A combination of 12 or 24 words used to recover access to your wallet.
- Store it securely, preferably on a metal card or in a safe place.
4. Best Practices:
- Avoid keeping large amounts of crypto on exchanges.
- Use a Virtual Private Network (VPN) for added privacy, especially on public Wi-Fi.
- Regularly update your wallet software.
- Create strong, complex passwords.
- Be wary of scam projects and phishing attempts.
By following these guidelines, you can enhance the security of your crypto assets and reduce the risk of loss.