#CryptoSecurity101
Cryptocurrency Security
Cryptocurrency security poses a fundamental challenge in the world of decentralized finance.
Wallet Theft: Malware, phishing attacks, and the theft of seed phrases or private keys are the main means of stealing funds directly from users' wallets.
Fraud: Fake projects and deceptive investment offers (Rug Pulls) are rampant, seeking to steal the funds of unsuspecting investors.
Basic protective measures include:
Cold Wallets: Storing cryptocurrencies in offline devices is the safest way to protect private keys.
Hot Wallets with Caution: Choosing reliable wallets with a strong reputation when frequent trading is necessary, while enabling all security options.
Two-Factor Authentication (2FA): Enabling it on all linked accounts (trading platforms, email) using an app, not SMS messages.
Seed Phrase Protection: Writing it on paper and storing it in a safe and unknown place, and never storing it digitally.
Awareness and Caution: Double-checking wallet addresses when sending, not trusting "get rich quick" offers, and regularly updating software.