The crypto space is full of opportunities, but let’s be real, it’s also full of risks. From hacks to phishing scams, there’s no shortage of horror stories.
And if you’re holding digital assets like flocoin, security isn’t optional, it’s essential. Here’s how to stay safe and keep your funds locked down tighter than Fort Knox.
1. Get Your Coins Off Hot Wallets ASAP
Wallets like MetaMask and Phantom are convenient, but convenience comes at a cost, vulnerability. These “hot wallets” are always connected to the internet, making them prime targets for hackers. We’ve all heard the nightmare stories of wallets getting drained in seconds. Don’t be the next victim.
2. Cold Storage is King
The safest way to store your crypto? A hardware wallet like Ledger. These little devices act as a personal crypto vault, keeping your private keys offline and out of reach from hackers.
One of the most popular models is the Nano S Plus, and setting it up is easy. (Check out this quick guide:Nano S Plus Setup).
A few key rules when using a Ledger, first up: never share your recovery phrase with anyone. Ever. Next, make sure you store your recovery phrase offline in a secure location (not on your phone or computer).
Then last but not least, always verify transactions directly on your Ledger device before approving. Another option? DIY Cold Storage.
If you don’t want to buy a hardware wallet, you can create your own cold storage setup using a dedicated device that has nothing on it except your crypto wallet (like MetaMask mobile or a browser extension on a laptop).
This device should only connect to the internet when you need to make a transaction and never be used for casual browsing, emails, or downloads. Also, stay far away from phishing links and sketchy websites.
And most importantly, don’t come home drunk and start clicking random links, because that’s how people lose everything.
3. Multi-Sig for Extra Protection
If you’re managing large amounts of crypto, especially for a business or treasury, consider a SAFE (formerly Gnosis Safe) wallet. These wallets require multiple signatures to approve transactions, adding an extra layer of protection. Perfect for companies, but probably overkill for everyday users.
4. Two-Factor Authentication (2FA) Done Right
Having 2FA on your accounts is a must, so here’s how to level up your security game. Start by using a separate device for 2FA, one that never connects to the internet. Avoid SMS-based 2FA (SIM swap attacks are real). Instead, use apps like Google Authenticator or Authy.
You can even take it even further with a Yubikey, a physical security key that ensures only you can access your accounts.
5. Keeping Your flocoin Secure
flocoin holders, good news, we’ll be listing on Ledger soon. That means you’ll be able to move your flocoin to cold storage and keep it safe from online threats. Stay tuned for updates on this integration!
Final Thoughts: Stay Sharp, Stay Safe
Crypto security isn’t something you can afford to ignore. The space is still evolving, and bad actors are always looking for new ways to exploit vulnerabilities.
But if you follow these steps, use a Ledger, enable 2FA on a separate device, and avoid keeping assets in hot wallets, you’ll be miles ahead of the average user.