So you decided to take control of your crypto assets and hold everything in a private wallet. Well done! However, with great power comes great responsibility, and now it all rests on your ability to remain secure and keep your private keys private.
The most common security steps to take are:
- Don’t keep cryptocurrency in exchange for a prolonged period or longer than necessary.
- Always enable two-factor authentication (2FA) function.
- If you go for a hardware wallet, choose a pin code which is hard to guess, and never put your 24-word recovery sheet online.
- Don’t boast of your crypto holdings publicly under your real name or identifiable address. Some burglars manage to steal crypto funds even if you keep them in a cold (offline) storage.
- Trust only what you see on your hardware wallet screen and verify all the information on the device.
- Always assume that your devices can get compromised anytime, so always treat your computer or smartphone screen with caution.