Welcome to this cryptocurrency custody tutorial. They act like bank accounts, keeping a balance and a record of transactions. Each cryptocurrency has its wallet. If it happened, the funds would be lost.
Each wallet is unique and has its characteristics, but compiling a global guide is difficult, as each wallet has its characteristics. Therefore, we will give you some valuable tips on how to save your crypto coins.
Tips for protecting your cryptocurrencies
We prepared some tips that will let you keep your cryptocurrency safely.
Single email for exchange
Open a new unified email account for sharing. Indeed, if you use an email address that you also use on other sites, you may receive spam and scam attempts (phishing). The risk of hacking is high if you use the same password everywhere. So it is highly recommended to use different passwords and keys.
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Tip: You can check if your email address has been hacked at this address: HaveIBeenPwned.com.
Use complex passwords
Make sure you have a relatively complex password, don’t necessarily try to remember it. Write it down somewhere, and don’t save it on your computer.
Tip: You can check your passwords at this address HowSecureIsMyPassword.net
Here is a password manager that is considered reliable: Dashlane.com (it will let you group your passwords in one place in a secure way).
You can also enter your password using the virtual keyboard to reduce the risks associated with keyloggers.
Always check website links before logging in.
To avoid surprises, you should check every link you connect to, letter by letter. There are many ways to scam, and it’s relatively easy for a hacker to redirect you to a fake site that looks like the real thing, line by line, where they can steal your username and password. You should also not click on links in emails, social media, and chats. Use secure sites to exchange earned funds, for example, for a quick ltc to btc exchange.
Always enable dual authentication.
Via SMS or Google Authenticator. Don’t forget to write down your dual authentication recovery key, or your account could be permanently banned if you lose or break your phone. The code from Google Authenticator is based on the time of your machines. Make sure they are in sync. If you enter your code and it doesn’t work, don’t try to try again right away, wait a few minutes.
Never share your private key with anyone.
No one but you will need your private key; there are NO exceptions to this rule.
To ensure that your Ledger or TREZOR private keys are not destroyed, you can opt for the solution provided by Cryptosteel. This tool will allow you to store the various seed phrases needed to access your TREZOR or Ledger wallet in case of a problem. It is unbreakable, fireproof, waterproof, and silent.
Nothing, or almost nothing, can change or destroy it.
