#CryptoSecurity101

Cryptocurrency Security

This involves protecting digital assets like Bitcoin, Ethereum, etc., and securing transactions and wallets. Key areas include:

a. Wallet Security

• Hardware wallets (e.g., Ledger, Trezor): Store private keys offline; very secure.

• Software wallets: Convenient but vulnerable if your device is compromised.

• Paper wallets: Physical printouts of your keys; secure if generated and stored properly.

b. Private Key Management

• Never share your private key.

• Use secure password managers to store keys if not using hardware wallets.

• Enable multi-signature (multisig) wallets for shared control.

c. Exchange Security

• Avoid keeping large funds on centralized exchanges.

• Use exchanges with strong security practices (2FA, cold storage, proof-of-reserves).

• Prefer self-custody whenever possible.