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Security for dummies: how to protect our precious

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by COINS NEWS 166 Views

I have been subjected to scams, theft and much more in the last 2 years. Believe me it is painful and many times enough to make you give up investing in cryptocurrencies all together. But I learned from my mistakes and today I want to share with you few essential tips to keep your coins secure.

  1. Never ever tell anyone your recovery phrase: It is seems obvious enough right? Let me make it more obvious: Don't tell it to your wife, don't tell it to your children, even if your long passed dad came out of grave to ask for your phrase tell him to go rot in hell. Don't keep it on your phone. You might lose your phone or it might get hacked. Write it down and keep it somewhere safe.

  2. Don't connect your browser wallet to any website unless you are 100% sure. No, make it 1000%!! Check the domain address like a you have a fucked up case of OCD. Check every word in domain's name then Cross check it with 5 different source. And only do it if you really really trust owners of that website.

  3. Anyone started chatting with you at telegram or discord, very politely tell him to fuck off!! Anyone, I repeat anyone, from your coin's telegram or discord channel who "starts" talking to you is a godless thief. Channel admins are usually very busy or very lazy and you need to DM them several times until they pity you and answer. And remember it is very easy to use someone else name and profile picture in telegram.

  4. Don't put all your coins in one wallet: Like that old saying. You never know if a wallet will get hacked or goes offline, apparently wallets which don't keep any of your info are much more safer (someone should confirm this). But again, what if "you" lose your password or recovery phrase? As you can see, either way it is much better to use several wallets.

  5. Don't keep your money at exchanges: Those rich arsholes can't be trusted. They can be hacked as It happened many times before or they just might block your account if they feel like it.

  6. And last but not least, if you are buying a rather unknown coin, do an extensive research on team members and their history and background.(lets say anything outside of top 200 which does not have an age of at least 2 years.)

Stay safe folks

submitted by /u/Successful_Craft3076
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