Crypto Self-Custody Safety Tips
Pretend it's the 1990s and early 2000s on the internet, but instead of pop-ups tricking you into getting a virus, its mimic websites trying to trick you into sending them your digital assets.
Keeping your digital assets safe in your blockchain wallet is an important part of being in crypto. There are multiple methods, but the most important thing to remember with all of them is that YOU are the one in charge of securing your digital assets. There are no refunds or takebacks in crypto.
One of the more common practices for staying safe is using two or more wallets in combination, with the active wallet called a 'hot wallet' and storage wallets called 'cold wallets.'
Using hot wallets and cold wallets in combination allows for the diversification of assets, preventing you from losing everything in one fell swoop. By doing this, even if a hot wallet is compromised and emptied - the cold wallets would keep a significant portion of assets out of reach of the scammers.
Going further, having more than two wallets set up with varying degrees of access is another option. I personally prefer using four wallets in the following setup:
It's important to note that "Multiple wallets" also means using multiple wallet providers - not just spinning up 5 wallets in MetaMask on one PC. Ideally each wallet would be from a different service provider and on a different device
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