There is no customer care.

The price of freedom is responsibility.

2022 ~ $3.7 billion
2023 ~ $1.7 billion
2024 ~ $2.1 billion (so far)

The numbers above are fiat equivalents of stored value, hardwork, hopes and dreams — stolen from various cryptocurrency exchanges from around the world. Lets try and ensure that it doesn’t happen to you.

Here are some Do’s and Don’ts that go a long way to help you protect your stack.

Do’s:

1. Use Secure Wallets: Choose wallets from reputable providers with strong security features.
2. Enable Two-Factor Authentication (2FA): Use 2FA for added security wherever possible.
3. Store Private Keys Safely: Use hardware wallets and keep recovery phrases offline.
4. Update Software Regularly: Keep wallet applications and devices updated.
5. Use a VPN: Connect through a VPN on public Wi-Fi.
6. Enable Alerts: Turn on withdrawal and transaction alerts for your wallet.
7. Create Strong Passwords: Use complex and unique passwords for all crypto-related accounts.
8. Review Permissions: Regularly check and revoke unnecessary permissions on connected applications.
9. Educate Yourself: Stay informed about the latest scams and threats.
10. Use Multisig Wallets: Consider multisignature wallets for added protection.

Don’ts:

1. Don’t Share Sensitive Information: Never share private keys, seed phrases, or passwords.
2. Don’t Click Suspicious Links: Avoid clicking on links in unsolicited messages or emails.
3. Don’t Use Public Wi-Fi Without Security: Avoid using public Wi-Fi without a VPN.
4. Don’t Download Unknown Files: Don’t install files or apps from untrusted sources.
5. Don’t Leave Devices Unsecured: Lock your devices with passwords or biometrics.
6. Don’t Trust Unverified Support: Only contact wallet support through official channels.
7. Don’t Ignore Security Updates: Update wallet apps and devices as soon as new versions are available.
8. Don’t Use Weak Passwords: Avoid simple or reused passwords.
9. Don’t Store Private Keys Online: Never store sensitive data in cloud services.
10. Don’t Overlook Backup Security: Use secure, fireproof, and waterproof storage for recovery backups.