Security Best Practices for Crypto Wallets

[Hatchy]

Most crypto wallets do not have 2FA support.

Yes, I guess only centralized wallets have the 2fa authentication. Or maybe op is considering an exchange account as a wallet because it seems like it from his post. There are many ways to keep ones crypto safe and that includes avoiding connection wallets with malicious sites, clicking any link on a device having your crypto wallet, connecting to public WiFi , installing third party apps and some others. When we begin to avoid these little safety measures we might be able to protect our funds from hacks or scams.

[Faisal2202]

* Protect Your Private Keys: Your private key is the master key to your crypto. If someone gets access to it, they can steal your funds. Always keep your private keys secure. Hardware wallets like those from Ledger and Trezor store your private keys offline, making them immune to online hacks.
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These are some of the basics practices we can do but following them is not that easy as it seems. Hackers or scammers could easily convince us to click on some link, we receive on our mails, phishing scams are the main ways of scamming us, and our second rule should be to not download any pirate software or movies or any things that could download unecassary data.

Nowadays even by opening a site, we find nothing. just click on website, it opens and some files in the background downloads that we don't even aware of.

[joniboini]

Just a suggestion for OP, I think it would be better if you put the direct link to the article that you quoted to make this thread. I tried checking the website you mentioned, but there are too many articles over there; some were posted in 2022 or older. While it's not a hassle to use the search function, some websites don't have a good search engine for that. Not to mention, quoting only the domain name feels like quoting a general media website when we're talking about a specific case. It just feels a bit weird to me.

[target]

Just a suggestion for OP, I think it would be better if you put the direct link to the article that you quoted to make this thread. I tried checking the website you mentioned, but there are too many articles over there; some were posted in 2022 or older. While it's not a hassle to use the search function, some websites don't have a good search engine for that. Not to mention, quoting only the domain name feels like quoting a general media website when we're talking about a specific case. It just feels a bit weird to me.

I copy past to search if and nothing comes up for coinbureau. He probably rephrase everything so there will be no plagiarism. Strange though why he didn't add the actual link.

Its doesn't really make sense for them to publish something like 2fa if talking about crypto wallet. But he could mean it applies on exchange wallets since they are the ones asking emails and phones.

[Gposas]

There are still a lot of lazy people that don't activate their 2FA. They think that they're good already without having it, but please, if anyone hasn't activated their 2FA on their wallets and exchange accounts. Don't wait until something bad happens before you do it. As soon as possible, make a use of it and all you have to do is use apps like aegis for that and the others are using sms and email authenticators but the latter ones are less secured than a 2FA app.

Considering the 2FA option, all CEX I've made use of, you have to complete all security verification process in other to access all functions (especially P2P). If the 2FA isn't activated.. then you can't use P2P and also, you will be ineligible to make transfer or withdrawal to another wallet or CEX wallet.

So these CEX has been my motivation in activating 2FA, otherwise, as you stated most users can be lazy in activating the 2FA function. Since I've learnt this from these CEX's I've came across, I always make sure I complete all security verification process before I even start sending funds into the CEX wallet.

[Findingnemo]

There are still a lot of lazy people that don't activate their 2FA. They think that they're good already without having it, but please, if anyone hasn't activated their 2FA on their wallets and exchange accounts. Don't wait until something bad happens before you do it. As soon as possible, make a use of it and all you have to do is use apps like aegis for that and the others are using sms and email authenticators but the latter ones are less secured than a 2FA app.

Considering the 2FA option, all CEX I've made use of, you have to complete all security verification process in other to access all functions (especially P2P). If the 2FA isn't activated.. then you can't use P2P and also, you will be ineligible to make transfer or withdrawal to another wallet or CEX wallet.

So these CEX has been my motivation in activating 2FA, otherwise, as you stated most users can be lazy in activating the 2FA function. Since I've learnt this from these CEX's I've came across, I always make sure I complete all security verification process before I even start sending funds into the CEX wallet.

This doesn't apply to every exchange, I don't need 2FA in my paxful account still I had volume around few BTCs there so it varies from one to another. 2FA is good to secure account from phishing attacks but it can't save in terms of hack that is why we should never keep funds in exchanges.

It's better to wipe the balance once you done the trades and move them to an actual wallet and if you are a trader then you must know there is always a risk.