The first thing to cosider when you start your crypto journey is the safety of your investments and holdings. We’ve put together a safety checklist with basic precautions you should follow during your journey.
We’ll start with the obvious — you are less likely to be exploited if your account are secured by strong passwords and 2 factor or multifactor authentication (2FA or MFA).
There are simple rules behind strong passwords:
It can be hard to remember all your passwords — especially more complicated ones — so we do recommend using password managers (like 1password, Macpass, etc). This way, you only need to remember your details for password manager — no need to memorise passwords for all your accounts.
Another important thing to remember is 2FA/MFA — use it on top of the password as an additional layer of security for the account. It is recommended to use a 2FA app that doesn’t rely on text messages for higher level of safety.
Next one is a no-brainer — make sure you private keys are safe and secure! Never share them with third parties. As long as you are the only person who have access to your private key, your funds are safe and you can access and manage them from anywhere in the world with an internet connection and smartphone.
Some basic tips to secure your funds:
Anyone in crypto space saw a fake website or email telling about infinite yields, airdrops and “send 1 ETH get 10 ETH in return” scams at least once (or at least 100 times). You should always stay alert: