Protect Your Digital Assets
Security should be your top priority when managing cryptocurrency. Here are the top 10 best practices every crypto holder should follow.
1. Use a Hardware Wallet
Store your crypto on a hardware wallet like Ledger. This keeps your private keys offline and protected from online threats.
2. Secure Your Recovery Phrase
Never store your recovery phrase digitally. Write it down and keep it in a secure location, preferably a fireproof safe.
3. Enable Two-Factor Authentication
For any online accounts related to crypto, always enable 2FA. Use an authenticator app rather than SMS when possible.
4. Verify Addresses Carefully
Always double-check recipient addresses before sending crypto. Malware can modify clipboard contents.
5. Keep Software Updated
Regularly update your Ledger device firmware and Ledger Live app to get the latest security improvements.
6. Beware of Phishing
Ledger will never ask for your recovery phrase. Be suspicious of emails or messages requesting sensitive information.
7. Use Strong Passwords
Create unique, complex passwords for all crypto-related accounts. Consider using a password manager.
8. Diversify Storage
Don't keep all your crypto in one place. Consider using multiple wallets for different purposes.
9. Research Before Connecting
Before connecting your Ledger to any DeFi protocol or dApp, research its security and reputation.
10. Stay Informed
Follow official Ledger channels and stay updated on the latest security threats and best practices.