- Task – Get your security figured out and understood well before moving forward.
Share your suggestions in this topic.
Share your suggestions in this topic.
Never tell ppl your public address online.
Even if your keys are ‘safe’.
never ever post your seed phrase anywhere unless its to replace your old wallet.
Always write down your seed phrases if you are using Defi Wallets. Don’t click a link within emails. Don’t tell about your info over emails. And check the sender of the email to make sure that the email is actually from the institution or company the email says it is from.
I realized that I have not a very tight security regarding the security of my assets, they are minimal.Thanks for your advices. By the way a really liked the DEFCON video!!!
Yes bro, unfortunately a lot of people get hacked that way.
My Example for funds distribution:
Is it true that hardware wallets only work with BTC? It was mentioned at some point in the course. According to an article in Coinmarketcap, more than 1800 cryptocurrencies are supported via the Ledger Live Platform. I would like to understand how they work in case you want to trade them at some point. Thank you.
There are a lot of tutorials on how the hardware wallets works, most of them have a limited amount of storage that allows you to install lets say 4 to 5 wallets from different blockchains (btc, eth, sol, ada… for example), but off course there are many more wallets available so you can use 1 hardware wallet to store safely (as long as you secure your private key properly).
For me, first things first… how safe is your current installation?
Phone, computer, router, network, email etc…
For example, on buying a used computer the first thing I do is wipe it down and rebuild the OS, turning off settings and functions before even connecting to the interwebs.
Always change the network router name and password from default… and dont allow wake up over the network!
Install online security first before doing any browsing including VPN, Firewall & Virus software.
Always keep keys and passwords safe and secret!
Yes work out your personal security found out that my email had been pwnd (ihave beened pwned.com)it may have been an old resolved breach since that website does’nt update breach repairs. Anyway stopped and took full stock from ground up. Fortunately didnt have a phone breach. So defi security turned into a live case study for me definitely very good learning. Your email security is such a gaping attack vector if your phished there. Moving over to differentiated email addresses and physical encrypted token key for passwords.For myself another live device with authenticators let alone sms two factor is not enough.Then there’s the issue of good browsers and usage protocols or habits. Its interesting what seems like a mountain of detail can become second nature pretty fast. This might be amongst the most important subject since we obviously like defi and want to partake of building assets in this space it won’t matter how clever we are if we end up being pick pocketed. best to everyone.
Honestly, I think for an average human being (and not crypto nerds as us haha), the most important thing is to quickly realise how scams work. Sharing seed phrase, “send 1 to get 2 BTCs” schemes, unknown files, rugpulls, pump & dump, “Binance Support #242” scammers. Just always be 100% aware of what you’re clicking, and most likely you’re good.
However, if you wanna explore more, or operate with money you can’t afford to lose, greater security is definitely recommended.
Edit: However, this lecture definitely encouraged me up to update my vault
Don’t click on links in E-mails
Don’t keep seeds in digital form, use pen and paper.
A VPN & a hardware wallet is a good start.
I find that using an entirely separate computer/laptop for crypto related transactions. Never use the same computer you browse from and do all kinds of testing with.
Use a new email address for Crypto and never use your name in the email address.
I believe that it is also worth using the Linux operating system.
This topic is worth it’s own mini-course. Or in my case: sphere.
This is the sphere I’m setting up to do an explainer video about why you want a hardware wallet. This lecture’s notes just became the equatorial band of groups/thorts.
I would add:
If somebody do not want to spend money to ledger or other hardware wallets and want to use metamask only once per few months I figured out how to do that without it. There are linux distros which can be installed on your typical USB. I recommend linux tails because it provides build-in tor connection (privacy) and has enrypted memory area named “persistence memory”. So you can keep secret phrases in your persistence memory and recover metamask in tor every time you need to interact with DeFi.