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Author: Admin | 2025-04-28
Thoughts on Crypto SecurityIn closing this guide, we wanted to share some practical tips for crypto users from CoinGecko co-founder Bobby Ong. Whether you’re a casual user, a degen, or an experienced investor, it’s always a good idea to review these best practices. Let’s go.Crypto is a very dangerous and adversarial place. If you are not careful, you risk having your valuable cryptocurrencies stolen from you.I've compiled a thread on some security best practices that you can follow to stay safe. Read on below 👇👇— Bobby Ong (@bobbyong) June 13, 2021 Never reuse passwords. How many of us use the same password for multiple accounts? Sure, it’s convenient, but if a hacker can figure out your password for one account, then multiple accounts are compromised. Use a password manager. Use a decent password manager, and you'll never have to remember any of your passwords. Bonus: You also get to maximize your password security. It’s a no-brainer. 2FA it all. Enabling two-factor authentication (2FA) across your devices makes it that much harder for anyone to break in. One advantage of 2FA is that you can enable notifications to let you know when someone’s attempting to sign into any of your accounts. Use a cold wallet. Trezor and Ledger are solid options. However, know that although using a hardware wallet will afford you maximum security, it does come at the cost of convenience. Therefore, store your most valuable digital assets into your hard wallet. But do consider keeping a separate digital wallet if you interact with web3 daily. Don’t doxx yourself. This one’s one of my favorites. If you’ve got money, don’t make yourself a target. Because your crypto wallet address is pseudonymous, anyone can trace your entire transaction history. That’s why it’s important not to doxx yourself. And if you do, make sure it’s tied to a wallet that isn’t all that interesting to prying eyes. There are many more points Bobby shares. But like we said, crypto security is a vast and fast-moving topic, one that’s always evolving because hackers are just as creative as we are. That’s why it’s imperative that we keep up with and review best practices. Still, if you want to dig into all 16 of Bobby’s crypto security tips, check out this comprehensive guide we wrote so you can HODL in peace. Enjoy!
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