Digital Security Tips

Before getting active in the cryptocurrency/blockchain/NFT space, it is important to understand some basic digital security tips and principles in order to enjoy the blockchain and remain as safe as possible. There are many individuals and groups who take advantage of newcomers to the space, so make sure that you are as prepared as possible and treat things with a healthy amount of caution and research. This guide is a great start to getting your security in order. With that in mind, let’s dive in!

Digital Security Tip 1:
Manage Passwords and 2FA

The first rule of thumb in password management: never use the same password twice. In addition to that, become friends with two-factor authentication (2FA)à enable this anywhere and everywhere possible. In order to help manage your passwords alongside the 2FA step, consider using one of the multiple password managers respected within the digital security community. These managers help create strong passwords also store them in an encrypted file, thus improving your password security.

As mentioned before, 2FA is extremely important and you should enable it anywhere and everywhere possible. Using 2FA Apps is more secure than SMS 2FA, so stick to that when possible. The most reputable apps for 2FA are:

With strong password management and 2FA enabled, you are on your way to becoming more digitally secure!

Digital Security Tip 2:
Secure your Email

As you are already likely aware, email is extremely useful for creating accounts on numerous cryptocurrency and NFT exchanges and platforms. In addition, you can use email for a multitude of other purposes. To mitigate risk, it is best to create a new email address(es) specifically for crypto purposes, and avoid including any personal information or crypto terms in the address(es). The two email providers I would recommend using are preveil and protonmail. As an added tip, don’t forget to enable 2FA, even with your email accounts!

Emails might fall victim to attacks and data leaks, so some additional security advice is warranted. Check out haveibeenpwned to see if or not your email has been leaked in any data breaches. In addition to this, make sure that you are always vigilant again phishing emails. A digital security professional has even written a clear, in-depth guide on avoiding phishing emails.

Now that your passwords and email are being securely managed, it’s time to move on to the world of crypto wallets!

Blockchain Security Tip 3:
Secure your Crypto and NFT wallets

While there is a lot to breakdown within the world of crypto and NFT wallets, this section will aim to be as concise as possible. Before diving in, it’s important to know the difference between hot and cold wallets. Cold wallets are a more secure option than hot wallets, with the two most popular and reliable hardware wallets being Trezor and Ledger.

With this in mind, the next (and arguably most crucial) security step is with the Seed Phrase of your wallet(s). These are a unique string of words which give you access to your cryptocurrency wallet and which are especially vital in the case of wallet recovery. These are known as the keys, and are often referred to in the well known phrase “not your keys, not your crypto.” There are numerous ways to store your seed phrase securely, but a basic principle is to never store your seed phrase somewhere digitally accessible. It is much better to store these phrase(s) offline. Check out this article for more suggestions on secure storage of seed phrases.

These principles also apply for NFT marketplaces, exchanges, and wallet addresses. Some platform offer easy to set up accounts, but try to avoid having your recovery phrases managed externally. To get a more in-depth overview, read our article about marketplaces* and our NFT wallet guide!

*Article to come shortly

Conclusion and Acknowledgement

Digital Security is a continuous process. Always make sure you are actively working to keep your keys and passwords safe. Don’t forget to limit your vulnerabilities by using a dedicated email, and make sure you choose the best wallet(s) which work for your needs. Thanks for reading this article!

Special acknowledgement goes out to redditor xCryptoPandax for this post which served as an inspiration for many of the ideas addressed in this article

Leave a Reply

%d bloggers like this: