Everyone's been telling you to keep your crypto safe, secure your wallet, DYOR, and so on. But were you told, HOW? 👀 CMC's got the right tips for you to stay safe from crypto hacks 🔥
A transaction sent in a rush, a wrongly-copied address and your crypto ends up on a network it was never supposed to go to. It's an annoying and entirely avoidable way of losing crypto, so we will cover how to not send it to the wrong address .In this section, we cover several important aspects of how to keep your crypto safe.There are three mains aspects to safe seed phrase storage:Backing it up and storing it offline.
First, you should not share your seed phrase with anyone. You may make an exception with trusted parties like family members or close friends, as long as you can be sure you want these people to know your seed phrase just in case. But do not, under any circumstances, share it with strangers online or offline.
Second, when you store your seed phrase, do so preferably offline. There are ways to engrave seed phrases if you do not want to use an old-fashioned pen and paper. You can also use a computer to store your seed phrase; however, it should be a separate computer from the one you use for transactions, and it should not be used for accessing the internet.Next, you want to make sure that your crypto is safe wherever you keep it..
Double-check the network you are sending to. If you are using a software wallet, make sure you are on the correct network. If you are withdrawing from a centralized exchange, make sure to check that you are withdrawing to the right network.Of course, you want and need to use centralized exchanges – and most of the time they are perfectly safe, especially if we are talking about the biggest ones.
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