9 tips for safe use of digital assets

One of the most significant promises of blockchain technology and cryptocurrencies is their security. However, in recent years, there have been hundreds of cases where investors lost their digital assets. The reasons can vary — from improper private key management to phishing attacks. In this article, we will discuss the main tips for protecting your electronic funds.

Cryptocurrency security — your responsibility

The main drawback is that once a transaction is made with funds, they cannot be returned — as there is no insurance. Therefore, it is critically important to ensure maximum protection for your wallet and assets.

Most threats come not from the blockchain but from unsafe actions by the user or wallet/exchange hacks. Hackers can access private keys, and thus your funds. We recommend using wallets from trusted companies with a proven reputation. We have written more about such tools here.

9 Tips for safely storing cryptocurrencies

1. Distribute your assets

Do not keep all funds in one "basket." Use multiple wallets and cold storage options, such as Trezor or Ledger, which are almost impossible to hack without physical access.

2. Protect mobile devices and PCs

• Avoid public Wi-Fi.
• Turn off automatic updates, but keep your OS secure.
• Use 2FA (e.g., Google Authenticator or 1Password).
• Protect your device with a strong password and antivirus software.
• Consider using a separate device only for cryptocurrency transactions.

3. Ensure security during device maintenance

Before updating or repairing a device, always move your funds to a secure wallet. Never lend your tools to others.

4. Create backup copies of wallets

Store private keys offline and make copies in several locations. One option is a bank safe.

5. Beware of hacking attacks

Phishing domains, fake apps, or ads can steal your access keys. Always check websites, apps, and do not download unknown or unverified programs.

6. Check destination addresses

Fraudsters may replace the address while copying. Always double-check the recipient's address before sending funds or send a test micropayment.

7. Use SSL protection

When using web wallets, check for HTTPS and the lock icon in the browser.

8. Do not keep large amounts on crypto exchanges

Such platforms are often targeted by hackers. Only keep the assets you need for trading on them.

9. Keep your funds' amounts secret

Do not brag about your cryptocurrencies. This will protect you from potential threats or physical violence.

Conclusion

Cryptocurrency security is entirely dependent on your actions. Use only trusted tools, stay updated, and be aware of potential threats. Your assets are safe only when you follow the fundamental principles of protection.

We will continue to cover the topic of security in more detail in the near future, so stay tuned for our updates.