In the world of cryptocurrencies and NFT in 2024, where every step can be crucial for the security and preservation of assets, knowledge of the intricacies and the use of proven life hacks becomes an integral part of success. In this article, we will look at the top 10 life hacks that will help you safely use cryptocurrency and NFT, minimizing risks and increasing the chances of success.
1. Use hardware wallets to store assets
Hardware wallets (for example, Ledger or Trezor) provide a high level of protection for your cryptocurrency assets. Unlike hot wallets, which are online and may be vulnerable to hacker attacks, hardware wallets store your keys offline. This makes them virtually invulnerable to most types of attacks. Update your device’s firmware regularly and never share your seed phrase with anyone.
2. Enable two-factor authentication (2FA)
Two-factor authentication adds an additional layer of protection to your accounts. Even if an attacker gets access to your password, without the second factor — an SMS code, a code generator application (for example, Google Authenticator) or a hardware key (for example, YubiKey) – he will not be able to log into your account. Use 2FA for all cryptocurrency wallets, exchanges and services.
3. Be careful with phishing attacks
Phishing attacks are becoming more sophisticated, especially in the cryptocurrency sphere. Hackers create fake websites that mimic well-known exchanges or wallets in order to trick you into entering your data. To avoid this, always check the site URL before entering personal information, and avoid clicking on links from suspicious emails. Bookmarking official websites can be a good practice for quick and secure access.
4. Do not keep all assets on the same exchange
Although centralized exchanges are convenient, they are also the main targets for hackers. Keeping all your assets on one exchange is a big risk. The best way to protect yourself is to diversify your assets. Keep some of your funds in a hardware wallet, and the other on different exchanges. This will minimize losses in case of hacking of one of the platforms.
5. Check smart contracts before using
If you are investing in DeFi projects or buying NFT, it is important to check the smart contracts that manage these assets. A smart contract is a program that automatically fulfills the terms of a transaction. Make sure that the contract has been audited by reliable companies and that there are no hidden vulnerabilities in it. Use popular platforms such as Etherscan to review the contract code before interacting with it.
6. Use unique passwords for each service
One of the simplest and most effective ways to protect your accounts is to use unique, complex passwords for each service. If your password on one of the services is hacked, this will prevent attackers from accessing your other accounts. Use password managers (such as LastPass or Bitwarden) to conveniently store and manage passwords.
7. Update the software regularly
Outdated software may contain vulnerabilities that are already known to attackers. Regularly update the operating system, applications, browsers and wallets that you use to work with cryptocurrencies. This is especially important for those who actively participate in trading on exchanges or interact with DeFi platforms.
8. Avoid public Wi-Fi networks when working with cryptocurrencies
Public Wi-Fi networks can be vulnerable to man-in-the-middle attacks, in which attackers can intercept your data. If you need to use the Internet for cryptocurrency transactions in a public place, it is better to use the mobile Internet or connect via VPN. This will provide additional protection and encryption of your data.
9. Keep track of the activity in your wallet
Regular monitoring of transactions and activity in your crypto wallet will allow you to quickly detect suspicious activity. Many wallets and exchanges offer the ability to set up transaction notifications. This will allow you to react instantly if unusual activity is noticed.
10. Learn and follow new security trends
The world of cryptocurrencies is constantly evolving, and with it the methods of attacks and protection. Regularly read news resources, blogs and forums dedicated to security in the cryptosphere. Participate in training courses and webinars to always be aware of the latest trends and be able to protect your assets from new threats.
Conclusion
Security in the world of cryptocurrencies and NFT is a complex process that requires constant attention and action. By following these 10 life hacks, you will be able to significantly reduce risks and safely use cryptocurrency assets in 2024. Remember that security in this area depends not only on technology, but also on your awareness and attentiveness.