CZ Shares Simple Tips to Keep Your Crypto Safe
Binance founder CZ has shared some tips on how to keep your crypto safe. His main point is simple: you need to protect your funds from both hackers and losing access to them.
Here are his main tips:
• Use a separate device for crypto and avoid installing unnecessary apps.
• Keep backup copies of your recovery phrase in different safe places. If you lose your device, you should still be able to access your funds.
• Use a different email and a strong password for each exchange. Enable 2FA with a security key if possible, and avoid SMS verification.
• Set up a list of approved withdrawal addresses. Never share your API keys with untrusted services, and turn off withdrawals through API keys.
• Hardware wallets are not 100% safe. Fake devices, software problems and phishing attacks can still put your crypto at risk.
• Plan how your family could access your crypto if something happens to you, without sharing your keys too early.
The key lesson: keeping your crypto safe is not just about stopping hackers. You also need to make sure you never lose access to your funds.
$BTC $BNB #Macro Insights#
Binance founder CZ has shared some tips on how to keep your crypto safe. His main point is simple: you need to protect your funds from both hackers and losing access to them.
Here are his main tips:
• Use a separate device for crypto and avoid installing unnecessary apps.
• Keep backup copies of your recovery phrase in different safe places. If you lose your device, you should still be able to access your funds.
• Use a different email and a strong password for each exchange. Enable 2FA with a security key if possible, and avoid SMS verification.
• Set up a list of approved withdrawal addresses. Never share your API keys with untrusted services, and turn off withdrawals through API keys.
• Hardware wallets are not 100% safe. Fake devices, software problems and phishing attacks can still put your crypto at risk.
• Plan how your family could access your crypto if something happens to you, without sharing your keys too early.
The key lesson: keeping your crypto safe is not just about stopping hackers. You also need to make sure you never lose access to your funds.
$BTC $BNB #Macro Insights#