#CryptoSecurity101
Safeguarding your digital assets is paramount in the crypto world. #CryptoSecurity101 emphasizes a multi-layered approach to protect against scams, hacks, and human error.
1. Wallet Choice is Crucial:
* Hardware Wallets (Cold Storage): These physical devices (e.g., Ledger, Trezor) store your private keys offline, making them highly resistant to online attacks. Ideal for long-term holdings.
* Software Wallets (Hot Wallets): Apps or desktop programs (e.g., MetaMask) connected to the internet offer convenience for frequent transactions but are more vulnerable.
* Exchange Wallets (Custodial): Funds held on exchanges are managed by the exchange, convenient for trading but rely on the exchange's security. "Not your keys, not your crypto" is a common adage here.
2. Strong Authentication:
* Two-Factor Authentication (2FA): Always enable 2FA on exchanges and wallets. Use authenticator apps (like Google Authenticator) over SMS 2FA, which can be vulnerable to SIM swap attacks.
* Unique, Complex Passwords: Never reuse passwords, especially across different platforms. Consider a password manager.
3. Protect Your Private Keys/Seed Phrase:
* Your private key is the absolute ownership of your crypto. Never share it.
* Your seed phrase (or recovery phrase) is a set of words that can restore your wallet. Store it offline, securely, and in multiple locations (e.g., written down, in a fireproof safe). Do not store it digitally or take photos.
4. Be Wary of Scams:
* Phishing: Watch out for fake websites, emails, or social media accounts impersonating legitimate crypto services. Always double-check URLs.
* Social Engineering: Be skeptical of "too good to be true" offers or individuals asking for your sensitive information. No legitimate crypto support will ask for your private keys.
* Malware: Keep your devices updated and use antivirus software.
5. General Best Practices:
* Avoid Public Wi-Fi: Public networks are often unsecured and susceptible to eavesdropping.
* Regularly Update Software: Keep your wallet software, operating system, and antivirus up