Before I got into Crypto, I was extremely afraid because several of my early adopting friends had their wallets hacked. It kept me far away from crypto. But thanks to the NFT community on Clubhouse, I've learned a lot about security and this post is a joint effort between the entire community after our friend Fred had his wallet hacked. We all want to make sure what happened to our friend and supporter doesn't happen to anyone else.
Here are some quick and dirty Crypto Security tips:
1) Generate your keys offline using a computer that's not connected to the internet. NEVER give your seed phrase or private key to anyone.
2) WRITE DOWN YOUR SEED PHRASE AND PRIVATE KEY. Don't copy/paste it into a notepad app. Don't take a picture of it. Do not email it to yourself.
3) Get a hardware wallet like Ledger DIRECTLY FROM THE MANUFACTURER. Don't get it off a third party because it could be tampered with.
4) Have multiple wallets and diversify just in case anything were to happen, you don't want to have your eggs in one basket.
5) Don't talk about your coins. Don't tell people how much you have. Don't draw attention to your stash.
6) Every new wallet needs to be separate with a new seed phrase for each new wallet.
7) Get a multi signature wallet so that the onus of security is distributed among several people.
Shout out to community member and friend Emily Lazar for the following resources:
The Top 12 Best Ethereum Wallets (2021 Edition)
Bitcoin Wallets: How, Why and When to Hold Your Own Private Keys
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