5 Ways to Secure Your Crypto

Suba

Moderator
Staff member
We need to look after all the assets that we have properly and correctly, so that they don't get stolen by someone, and the same goes for the cryptocurrency that we have, we also need to look after and secure it. Here are several ways to secure your crypto as follows:

1. Crypto Wallets
If you use a hot wallet, use a trusted and safe wallet, don't store large amounts of crypto in microwallets, crypto exchanges and hot wallets but use a hardware wallet. Secure and store Seed Phrase and Private Key properly or offline. For storing large amounts of crypto, you can choose a Multisignature wallet.

2. Different Crypto Address
Use a different crypto address every time you send and receive crypto. So it will be increasingly difficult for your crypto to track what address balance you have.

3. Crypto Exchange
Crypto lovers must be able to differentiate between crypto stores and trading funds. It is best not to store too much crypto on the exchange unless it is used for trading capital, not for long-term storage purposes.

4. Password
Use strong and different words for each account, whether exchange, wallet, email, etc., activate 2FA. If IP and Whitelisting features are available, activate them immediately.

5. Inherit or create a will
It would be better if the crypto hodler bequeathed or wrote a will to loved ones, wife, husband, children, parents. which contains the password and guide on how to open a crypto wallet/exchange. So that if something undesirable happens, for example death, Crypto can be accessed by loved ones.
 

Shaf

Verified member
All of these are excellent points especially creating a will and creating multiple wallets. A lot of crypto is lost when people pass away. This should be done carefully though as people have lost their lives through murder so someone can gain access to the money.

It's also important to have multiple wallets, especially for those who are claiming airdrops. If possible, create a new wallet for every airdrop and keep the passphrases secure.
 

niche

Verified member
In some cases, the government is blocking the crypto exchanges , so though the exchanges are using the best possible security, the users cannot access their crypto funds . What is the best way to access the funds in case the crypto exchanges are blocked, and what is the safe amount to keep in crypto exchanges, $50, $100 or less?
 
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