Cybersecurity basics for cryptocurrency

04.01.2024

How to Protect Your CryptoStoring cryptocurrency is not the same as keeping money in a bank. In the crypto world, you are your own bank, which means you are fully responsible for your own security. Below are key tips to help protect your assets. 1. Use Cold WalletsA cold wallet is a device or app that is not connected to the internet (like Ledger, Trezor, or a paper wallet). It’s the most secure way to store large amounts. Immune to online hackingIdeal for long-term storageJust don’t lose the wallet or your seed phrase 2. Hot Wallets — Only for Active UseHot wallets live in browsers, apps, or on exchanges. They are convenient but vulnerable: Hackers can breach exchangesPhones or PCs can get malwareKeep only the minimum needed for daily use 3. Seed Phrase — Keep It SacredThe seed phrase (12–24 words) is your master key. Whoever has it, controls your crypto. Never share it — not even with "support"Store it offline (paper, metal engraving, safe)Never enter it on suspicious websites 4. Use Two-Factor Authentication (2FA)Enable 2FA on every service: wallets, exchanges, email. Use apps like Google Authenticator or Authy — not SMS, which can be intercepted. 5. Watch Out for Fake Sites and BotsScammers create fake websites, Telegram bots, and phishing emails.Always double-check URLs (one letter can be wrong!)Don’t click shady linksNever give out personal data "on operator request" 6. Stay Updated and Keep LearningCrypto evolves fast. Follow trusted sources, read the news, and stay alert.