Do you keep your wallet safe?

in crypto •  2 years ago  (edited)

You think just having a hardware wallet will do all the work?

If you’re not careful, just having a hardware wallet for NFTs won’t cut it.

here is a list of things you must do to keep your assets AND your wallet safe

1- Choose the best one for your needs
it depends on what you’re looking for. If you are new and want to use something more friendly to your finances and an easy UI, I suggest Prokey Optimum. But if you want more advanced options there are Ledger and Trezor waiting for you.

2-Never ever use a pre-initialized wallet

that’s just stupid. If you bought a wallet and it was pre-initialized, meaning it was tampered in any shape, way or form, either throw it away or throw it at the face of the person you bought it from. You may not know why, but they know

3- Protection is key

Keeping your passphrase safe and sound (and write your passphrase in your will before it’s too late) and setting a strong PIN is the best way to go. There are multiple options when it comes to second layers of security, like setting up a hidden wallet in your hardware wallet, using a set of 25 words string to keep your main assets safe or any other ways possible. You can rely on these options as an extra level for your safety

4- Constantly update the firmware

While crypto hardware wallet reduces the risk of a hack considerably, hardware wallet can get hacked! However, manufacturers of hardware wallets try to mitigate this as much as they can by sending out regular updates to their wallets. These updates are meant to serve as a security patch to update the security of your hardware. So, anytime you get a prompt to update your hardware’s firmware, do well to update it immediately.

5- Keep your actual hardware wallet safe

Don’t even talk about it. Think of it as a passport, do you really need to carry it everywhere?

References :
https://prokey.io/
ledger.com
trezor.io
https://www.wired.com/story/cryptocurrency-hardware-wallets-can-get-hacked-too/

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