Cryptocurrency Security Guide
Security is paramount in the cryptocurrency world. This guide covers essential practices to keep your digital assets safe.
Critical Security Rules
- • Never share your private keys or recovery phrases
- • Don't trust anyone asking for wallet access
- • Be extremely careful with links and downloads
- • If something seems too good to be true, it probably is
Essential Security Practices
1. Wallet Security
- Use hardware wallets for large amounts
- Enable 2FA on all accounts
- Use strong, unique passwords
- Keep software up to date
- Back up recovery phrases securely
2. Account Security
- Use a password manager
- Create a dedicated email for crypto
- Enable notifications for transactions
- Review connected apps regularly
3. Transaction Security
- Always double-check addresses
- Start with small test transactions
- Verify smart contract interactions
- Be wary of high gas fees
Common Scams to Avoid
Popular Cryptocurrency Scams
Phishing Attacks
Fake websites and emails that look legitimate but steal your information.
Fake Giveaways
Promises of free crypto in exchange for sending funds first.
Pump and Dump Schemes
Coordinated buying to artificially inflate prices before selling.
Fake Apps
Malicious applications that steal your credentials or crypto.
Recovery and Backup
- Create Secure Backups
Store recovery phrases in multiple secure locations
- Test Recovery Process
Practice recovering small amounts to ensure your backup works
- Document Access Methods
Ensure trusted family members can access funds if needed
Advanced Security Measures
- Use multi-signature wallets
- Implement time locks
- Consider custody services
- Use hardware security keys
Enhance Your Security
Explore tools and services to better protect your crypto assets.