8 Crypto Security Hacks Wall Street Doesn’t Want You to Know (Do This Before 2026)
Crypto vaults cracking open? Exchange CEOs sweating through their Armani suits? Here’s how to armor-plate your digital gold.
1. Ditch the ‘Password123’ Disaster
Your dog’s name plus your birthday won’t cut it when hackers deploy brute-force attacks that crack weak passwords faster than a Bitcoin miner chugs electricity.
2. Two-Factor or Get Rekt
SMS authentication? That’s so 2021. Hardware keys or authenticator apps create a moat even the slickest phishing attacks can’t cross.
3. Cold Wallets: The Crypto Equivalent of a Swiss Bunker
Hot wallets belong on exchanges like croissants belong in a toaster—briefly. Offline storage keeps your keys safer than a banker’s bonus during a recession.
4. Whitelist Addresses Like a Neurotic Accountant
One typo in a wallet address and your ETH becomes ‘donation money.’ Whitelisting is the blockchain equivalent of triple-checking your tax return.
5. Update Software or Become a Cautionary Tale
That ‘remind me later’ button? It’s basically an invitation to hackers. Patch vulnerabilities faster than Wall Street backpedals on crypto predictions.
6. Phishing Scams: Don’t Be the Low-Hanging Fruit
If an email promises 1000% APY from a ‘totally legit’ DeFi project, it’s probably the SEC testing how gullible you are.
7. Multi-Sig: Because Trust Is a Liability
Requiring multiple approvals for transactions is like making hedge fund managers share a trading terminal—annoying but bulletproof.
8. The Paper Backup Paradox
Yes, writing seed phrases on paper feels medieval. But until we get brain implants, it’s still safer than cloud storage named ‘MyCryptoBackup.txt’.
Remember: In crypto, you’re your own bank—minus the bailouts, the FDIC insurance, and the tellers who judge your transaction history.
Why Your Crypto Needs Bulletproof Security
The digital asset landscape, often heralded as the future of finance, presents unparalleled opportunities for innovation and wealth creation. Its decentralized nature and transformative potential continue to attract a growing number of investors. However, alongside this exciting frontier lies a complex and often underappreciated realm of inherent risks that demand immediate and rigorous attention. Unlike traditional financial systems, which are typically backed by regulatory bodies and insurance schemes like FDIC, cryptocurrency investments largely lack such safety nets. This means that if an exchange faces bankruptcy or a digital asset is stolen by a malicious actor, the funds are often irrecoverable, and investors may lose everything.
The fundamental security of blockchain technology, with its cryptographic design and tamper-proof ledger, is widely acknowledged. However, this inherent strength does not automatically translate to absolute security for individual investors. The primary vulnerabilities frequently emerge at the points where humans interact with these systems and the platforms built upon them. Recent analyses from the first half of 2025 reveal a dramatic surge in cryptocurrency thefts, surpassing $2 billion, with a significant portion stemming from vulnerabilities in front-end interfaces and private key security. This alarming trend underscores a critical shift in the threat landscape, where attackers are increasingly targeting operational risks and human elements rather than solely exploiting complex smart contract flaws.
The decentralized nature of cryptocurrency means that the onus of security largely falls upon the individual investor. This distributed responsibility, while mirroring the technology itself, elevates the importance of personal cybersecurity hygiene to an unprecedented level. Without the traditional institutional safeguards, every security measure undertaken by an investor becomes a crucial shield against irreversible losses. The following eight essential tips are not merely recommendations; they represent critical safeguards that every serious crypto investor must implement immediately to protect their digital assets in this dynamic and evolving market.
The 8 Essential Crypto Security Tips You Need NOW:
Implementing Each Security Tip
1. Master Your Wallet Security: Prioritize Cold Storage
Protecting digital assets begins with understanding and optimally utilizing cryptocurrency wallets. These wallets, whether software or hardware, function as containers for private keys, which are the cryptographic proofs of ownership for digital assets. The primary distinction among wallet types lies in their internet connectivity, leading to the classification of “hot” and “cold” storage.
Hot wallets are software-based and remain continuously connected to the internet. This online presence offers convenience, enabling quick access and rapid transactions, making them suitable for active trading or holding smaller, readily accessible amounts of cryptocurrency. However, their constant online exposure renders them more susceptible to cyberattacks, including phishing attempts, malware, and potential breaches of the exchange or platform hosting the wallet.
Conversely, cold wallets, often in the FORM of physical hardware devices, store private keys entirely offline. This disconnection from the internet provides a superior level of security, rendering them impervious to online hacking attempts, malware infections, and the risks associated with centralized exchange failures. For investors holding substantial amounts of cryptocurrency or planning long-term investments, cold storage is unequivocally the more secure option. Data indicates that a significant portion of cryptocurrency losses, nearly 70% since 2022, have originated from compromises of private keys or seed phrases, underscoring the direct protective benefit of offline storage.
A sophisticated approach to digital asset management involves a layered security strategy for wallets. Instead of exclusively relying on one type, investors often combine both hot and cold storage solutions. This involves keeping only the necessary funds on hot wallets for immediate transactions, while transferring the majority of significant holdings to cold storage for enhanced protection. This strategic allocation mirrors traditional financial diversification, but applied to the security of digital assets. The understanding of SAFE storage extends beyond merely fending off online threats. While hardware wallets are often described as “unhackable” in the context of cyberattacks, they remain vulnerable to physical loss, theft, or damage. This necessitates considering physical safeguards, such as fireproof safes or secure locations, and establishing contingency plans for offline assets.
Implementing cold storage typically involves researching and purchasing reputable hardware wallets from trusted manufacturers (e.g., Ledger, Trezor). The general process entails setting up the device, generating and securely backing up a recovery phrase (discussed further in Tip 3), and then initiating a transfer of funds from an exchange or hot wallet to the newly established cold storage address. It is crucial to minimize the amount of cryptocurrency held on exchanges, as they are generally not considered safe for long-term storage.
2. Enable Robust Two-Factor Authentication (2FA)
Two-Factor Authentication (2FA) serves as an indispensable additional LAYER of security for online accounts, particularly crucial for cryptocurrency exchanges and wallets. It operates on the principle that a single authenticating factor, such as a password, is insufficient to secure an account. Instead, 2FA requires a combination of “something a user knows” (typically a password), and a second distinct factor, which can be “something a user has” (like a mobile device or a hardware key) or “something a user is” (biometric data). This multi-factor approach significantly reduces the likelihood of unauthorized access, even if a password becomes compromised.
While 2FA is widely adopted and recommended across various web applications, including social media and online banking, the effectiveness of different 2FA methods varies considerably. SMS-based 2FA, which sends a one-time code via text message, is considered less secure. It is susceptible to vulnerabilities such as SIM-swap attacks, where malicious actors can clone a victim’s phone number to intercept codes, and social engineering tactics. This means that merely having 2FA enabled is not a complete solution; the quality and type of 2FA method employed are paramount. An investor might feel secure with SMS 2FA, but this can be a false sense of security, potentially making them a target for more sophisticated attackers who exploit these known weaknesses.
More robust 2FA options include software-based authenticator applications (e.g., Google Authenticator, Authy) and hardware security keys (e.g., Yubikey). Authenticator apps generate time-sensitive, unique codes locally on a device, offering greater security than SMS as they do not rely on vulnerable telecom services. Hardware security keys provide the strongest level of protection by delivering hardware-backed, cryptographic proof of identity. These physical devices ensure that only the holder can access an associated account, even if a password is stolen or a SIM-swap attack occurs, effectively mitigating risks from phishing and other online attacks. Biometric authentication, such as fingerprint or facial recognition, represents an increasingly common and highly secure form of 2FA, leveraging unique biological characteristics for verification.
The widespread adoption of 2FA has led it to become a de facto regulatory and industry standard for financial transactions in many jurisdictions. This underscores its status as a fundamental and non-negotiable security baseline for anyone serious about protecting their digital assets.
To implement robust 2FA, investors should prioritize hardware keys or authenticator apps over SMS. The general steps involve:
3. Safeguard Your Seed Phrase Like Gold
The seed phrase, also known as a recovery phrase or mnemonic phrase, is the ultimate master key to a cryptocurrency wallet. It is typically a sequence of 12 or 24 words that can regenerate all the private keys associated with a wallet, thereby granting complete control over the digital assets held within it. The paramount importance of this phrase cannot be overstated: anyone who gains access to an investor’s seed phrase can remotely steal all associated funds, irrespective of the physical security of the hardware wallet or any other security measures in place. This makes the seed phrase the single most critical point of failure in an investor’s crypto security posture.
Given this profound vulnerability, safeguarding the seed phrase requires extreme diligence. The foundational rule is to. This means avoiding screenshots, text files, cloud storage, emails, or password managers connected to the internet, as these digital copies are highly susceptible to hacking and online theft. Instead, physical, offline storage is paramount. Investors should clearly write down their seed phrase on paper and, for enhanced durability and protection against environmental damage like fire and water, consider using specialized metal backup tools such as Cryptosteel or Blockplate.
To mitigate the risk of a single point of failure, it is advisable to create multiple copies of the seed phrase and store them in different, geographically separate, secure physical locations. Examples include a fireproof safe at home, a bank safety deposit box, or entrusting a sealed copy to a highly trusted family member. Absolute secrecy is non-negotiable; legitimate wallet providers or crypto institutions will never ask for a seed phrase. Any request for this information is a definitive sign of a scam.
As crypto holdings grow in value, the security measures for the seed phrase should become increasingly sophisticated. For larger investments, advanced techniques offer additional layers of protection:
- Multi-signature (Multisig) Wallets: These require multiple private keys (and thus multiple seed phrases) to authorize a transaction. This significantly increases security by distributing control, meaning no single compromised key can lead to a total loss of funds.
- Shamir’s Secret Sharing (SSS): This method allows a seed phrase to be mathematically split into multiple “shares.” A predefined number of these shares (e.g., 3 out of 5) are then required to reconstruct the original phrase, providing both redundancy and distributed security, protecting against the loss or compromise of individual shares.
- Passphrases: An optional, additional word or phrase can be added to a standard seed phrase, creating a “hidden” wallet. Even if the original seed phrase is discovered, the passphrase is still needed to access the associated funds, adding an extra layer of defense. It is crucial that the passphrase is never stored with the seed phrase itself.
Finally, for comprehensive estate planning, investors should consider establishing an inheritance plan or “dead man’s switch.” This involves providing clear, secure instructions to trusted loved ones on how to access funds in unforeseen circumstances, while being mindful of legal implications, such as wills potentially becoming public record in some jurisdictions. This proactive planning ensures that digital assets can be safely transferred to beneficiaries, preventing them from being permanently lost.
4. Become a Scam-Spotting Pro: Beware of Phishing & Social Engineering
In the realm of cryptocurrency, human vulnerability and psychological manipulation often represent the most accessible and effective attack vectors for cybercriminals. Attackers frequently exploit emotions such as greed, fear of missing out (FOMO), and trust, making scam awareness a critical component of an investor’s security strategy.
Prevalent crypto scams and their modus operandi include:
- Phishing: This involves creating fake websites or sending fraudulent emails that meticulously mimic legitimate cryptocurrency platforms, exchanges, or even government agencies. These communications often contain urgent calls to action, suspicious links, and subtle misspellings in URLs, designed to trick users into revealing login credentials or private keys.
- Impersonation: Scammers pose as well-known figures in the crypto space, such as CEOs, influencers, celebrities, or even customer support representatives. They may contact victims through social media or messaging apps, aiming to gain trust or directly demand cryptocurrency.
- Fake Investment Schemes: These schemes promise guaranteed high returns with little to no risk, which is a significant red flag in the volatile crypto market. Examples include “pump and dump” schemes, where scammers artificially inflate a token’s price through false information before selling their holdings, leaving other investors with worthless assets. Fake Initial Coin Offerings (ICOs) and deceptive “investment managers” who claim to grow funds are also common variations.
- Romance/Pig Butchering Scams: These are long-term cons where scammers build emotional relationships with victims, often through dating or social media apps, before gradually luring them into fake crypto investments. The term “pig-butchering” illustrates the process of “fattening” victims with initial small “gains” before a large, irreversible loss.
- Fake Job Offers: Some scammers post fraudulent job listings that require applicants to pay a fee in cryptocurrency or purchase crypto as part of their “job duties”.
- Malicious Apps/Extensions: Fake mobile applications or browser extensions designed to imitate legitimate crypto wallets or tools can steal private keys or wallet data once installed.
To counter these sophisticated psychological attacks, investors must cultivate a mindset of extreme skepticism and critical thinking. Key prevention strategies include:
- Verify Everything: Always manually type legitimate website URLs directly into a browser. Double-check URLs for any discrepancies, ensuring they begin with “https://” and have the correct domain name.
- Skepticism is Key: Be highly suspicious of unsolicited messages, “too good to be true” offers, promises of guaranteed returns, or any demand for cryptocurrency payment.
- Never Share Private Keys/Seed Phrases: Reiterate that no legitimate entity, exchange, or support staff will ever ask for an investor’s private keys or seed phrase.
- Inspect Communications: Look for common red flags in emails or messages, such as spelling errors, bad grammar, and a false sense of urgency designed to rush decision-making.
- Independent Research: Before committing any funds or sensitive information, conduct thorough due diligence on any investment opportunity, individual, or platform. Utilize reverse image searches for online contacts to verify identity.
- Official Channels Only: If contacted by a company or institution, always reach out to them directly via their official, published contact information (e.g., from their official website or a trusted directory), rather than using links or phone numbers provided in the suspicious message.
The prevalence of these scams highlights that security in the decentralized ecosystem is not just a technical challenge but also a profound psychological one. Investors are mandated to “trust but verify” every interaction and opportunity, recognizing that the human element remains the most significant vulnerability.
5. Lock Down Your Accounts with Strong, Unique Passwords
Passwords serve as the primary line of defense against unauthorized access to cryptocurrency accounts and digital wallets. Their strength and uniqueness are therefore critically important to overall crypto security. A weak or reused password significantly compromises an investor’s digital assets, making it considerably easier for malicious actors to gain control of funds through various attack methods.
The risks associated with inadequate password practices are substantial. Weak passwords are highly susceptible to brute-force attacks, where automated systems systematically try numerous combinations until the correct one is found. Furthermore, reusing passwords across multiple online accounts creates a “domino effect” of vulnerability. If one account is compromised (e.g., through a data breach on an unrelated website), attackers can use those leaked credentials in “credential stuffing” attacks to gain unauthorized access to all other accounts where the same password has been reused, including highly sensitive crypto platforms. This means that a breach in a seemingly minor online service could inadvertently lead to the loss of significant crypto assets.
To establish robust password security, investors should adhere to the following best practices:
- Complexity: Passwords should be complex and lengthy, ideally at least 16 characters long. They should incorporate a diverse mix of uppercase letters, lowercase letters, numbers, and symbols.
- Uniqueness: Every single online account, especially those related to cryptocurrency, must have a unique password. This practice isolates potential breaches, ensuring that the compromise of one account does not jeopardize others.
- Password Managers: Reputable password managers (e.g., Bitwarden, KeePassXC) are invaluable tools for generating strong, unique passwords and storing them securely. These applications eliminate the need for investors to remember complex combinations for each account, thereby enhancing both security and convenience.
The strength of a password directly influences the overall security posture of an investor’s digital assets. While blockchain technology itself is cryptographically secure, the security of funds heavily relies on external factors such as password strength. This underscores a symbiotic relationship between fundamental security measures and more advanced protocols: even the most sophisticated cold storage or 2FA implementation can be undermined if the underlying password protecting access is weak or compromised. Therefore, implementing strong, unique passwords is not merely a basic recommendation but a fundamental and indispensable security practice that forms the bedrock of digital asset protection.
6. Choose Reputable Exchanges and Platforms Wisely
The choice of cryptocurrency exchange or platform is a foundational decision that profoundly impacts an investor’s security. Reputable and secure exchanges are paramount for safeguarding assets during purchasing, selling, and even storing cryptocurrencies. Opting for a well-regarded exchange significantly mitigates the possibility of encountering hacks, scams, or operational failures that could lead to financial loss.
Identifying a reputable exchange involves a thorough assessment of several key features and practices:
- Proven Track Record: Investors should seek exchanges with a long history of reliability and a strong security record. This includes examining past performance, user feedback, and any reported incidents or breaches.
- Regulatory Compliance: Adherence to regulatory frameworks is a strong indicator of an exchange’s commitment to security and investor protection. Exchanges that closely follow regulations often implement more stringent security protocols and undergo regular audits.
- Robust Security Features: Look for platforms that implement multi-layered security measures, including secure authentication systems (such as multi-factor authentication, as discussed in Tip 2), encryption protocols for data in transit and at rest, and a significant portion of user funds held in cold storage. Some leading exchanges also offer insurance coverage for user assets, providing an additional layer of protection against certain types of losses.
- Transparency and Communication: Reputable platforms maintain clear communication with their users regarding security updates, potential risks, and incident responses.
The risks associated with unreliable or unregulated platforms are substantial. Many exchanges operate as custodial services, meaning they hold the private keys on behalf of their users. This introduces a “custodial risk,” where users are dependent on the exchange’s security infrastructure and operational integrity. If such an exchange faces a security breach, goes bankrupt, or engages in fraudulent activities, user funds may be lost without recourse, as cryptocurrency investments are typically not insured by traditional government schemes like FDIC or SIPC. The lack of institutional safety nets means that the choice of platform is a direct reflection of an investor’s risk exposure.
The crypto ecosystem features both Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs). CEXs, like Coinbase or Binance, offer convenience and liquidity but introduce custodial risk. DEXs, conversely, allow peer-to-peer trading without an intermediary holding funds, thus eliminating custodial risk. However, DEXs can have their own set of vulnerabilities, such as smart contract exploits or front-end interface issues, and often require users to manage their own private keys, demanding a higher level of personal security expertise.
The evolving regulatory landscape also serves as a crucial proxy for trust. As governments and financial bodies increasingly engage with and regulate the crypto space, platforms that proactively comply with these standards often demonstrate a greater commitment to user safety. This regulatory oversight, while still developing, can provide a baseline of accountability that is absent in less regulated or entirely unregulated entities. Therefore, investors should conduct thorough due diligence, prioritizing platforms that demonstrate a strong commitment to security, transparency, and regulatory compliance.
7. Keep All Your Software and Devices Updated
Regularly updating all software and devices is a critical, yet often overlooked, component of comprehensive cryptocurrency security. These updates are not merely about adding new features; they are primarily designed to patch security vulnerabilities, fix bugs, and protect against newly identified threats and exploits.
Outdated software and operating systems can harbor known security weaknesses that malicious actors actively seek to exploit. Cybercriminals constantly scan for these “patch gaps” – periods when a known vulnerability exists but has not yet been fixed by users applying updates. Exploiting such vulnerabilities can grant unauthorized access to devices, leading to the theft of private keys, seed phrases, or other sensitive information related to cryptocurrency holdings.
The scope of updates extends to all digital assets and devices involved in an investor’s crypto activities:
- Operating Systems (OS): Windows, macOS, iOS, and Android updates frequently include critical security patches that protect the underlying device infrastructure.
- Antivirus Programs: Keeping antivirus software current ensures it can detect and neutralize the latest malware and phishing threats.
- Cryptocurrency Applications and Wallets: Software wallets, exchange apps, and any related crypto applications must be updated promptly. Developers regularly release patches to address newly discovered vulnerabilities specific to their platforms.
- Browser Extensions: Malicious browser extensions are a known vector for crypto theft, making it essential to keep them updated or remove unnecessary ones.
Beyond regular updates, it is advisable to utilize reliable security software and consider implementing firewall protection. These measures create additional layers of defense, safeguarding devices from potential attacks and unauthorized access. The security of an investor’s digital assets is intrinsically linked to the overall health and security of their computing environment. A compromised device, regardless of how secure the wallet or exchange itself may be, can serve as a conduit for attackers to bypass other protective measures. This highlights the interconnectedness of digital security: a weakness in one area, such as an unpatched operating system, can undermine the integrity of seemingly unrelated crypto security protocols. Therefore, maintaining a disciplined approach to software and device updates is a fundamental and continuous responsibility for every crypto investor.
8. Double-Check Every Transaction: Verify Wallet Addresses
Cryptocurrency transactions are inherently irreversible. Once a transaction is broadcasted and confirmed on the blockchain, there is no central authority or mechanism to reverse it or recover funds sent to an incorrect address. This fundamental characteristic makes meticulous verification of wallet addresses an absolutely critical security practice for every investor.
The risks associated with failing to verify wallet addresses are twofold:
- Human Error: Simple typographical errors or miscopying an address can lead to funds being sent to an unintended recipient. Given the irreversible nature of transactions, these funds are permanently lost.
- Malware and Clipboard Hijacking: A more insidious threat comes from sophisticated malware programs designed to exploit the common practice of copying and pasting wallet addresses. These malicious programs can silently modify the copied address in the clipboard, replacing the legitimate recipient’s address with an attacker’s address. An investor, unaware of the alteration, might then paste and confirm a transaction to the hacker’s wallet, resulting in an irreversible loss of funds. This represents a blurring of lines between user error and malicious exploitation, as seemingly innocuous actions can be weaponized.
To mitigate these significant risks, investors must adopt a rigorous verification protocol for every transaction:
- Manual Verification of the Full Address: Before confirming any cryptocurrency transaction, it is imperative to manually check the entire recipient’s wallet address against the intended address. This involves a careful, character-by-character comparison.
- Double-Check First and Last Characters: As a quick yet effective secondary check, always double-verify the first few and the last few characters of the wallet address. This can often catch subtle alterations made by malware.
- Small Test Transactions: For large transfers or when sending to a new address for the first time, consider sending a small, negligible amount as a test transaction. Once this small amount is successfully received and confirmed by the recipient, the larger transaction can be executed with greater confidence.
The “irreversibility imperative” of blockchain transactions demands an elevated level of meticulousness from investors. While the underlying blockchain technology is cryptographically secure, the real risks often arise from external factors, such as how users interact with their funds and the security of their personal devices. Therefore, this seemingly simple step of double-checking an address is a powerful defense against both accidental loss and sophisticated cyber-attacks, directly impacting the safety of digital assets.
IV. Conclusion: Your Proactive Shield in the Crypto Frontier
Navigating the dynamic and often exhilarating world of cryptocurrency demands not just financial acumen, but also an unwavering commitment to robust security practices. As this report has detailed, the inherent cryptographic strength of blockchain technology provides a secure foundation, yet the true vulnerabilities frequently lie at the intersection of user interaction, platform implementation, and the evolving tactics of malicious actors. The alarming rise in crypto thefts, particularly those exploiting operational weaknesses and human elements, underscores that security is not a static state but a continuous, proactive endeavor.
For investors, the absence of traditional financial safety nets like FDIC insurance places the responsibility for asset protection squarely on their shoulders. This necessitates a multi-pronged, disciplined approach, encompassing everything from the fundamental choice of wallet storage to the meticulous verification of every transaction. By prioritizing cold storage for significant holdings, implementing the strongest forms of two-factor authentication, and safeguarding seed phrases with extreme care, investors build formidable technical defenses. Simultaneously, cultivating a vigilant mindset to spot sophisticated phishing and social engineering scams, alongside maintaining strong, unique passwords and regularly updating all software, forms a critical human firewall.
Ultimately, the security of digital assets is a reflection of an investor’s informed decisions and consistent adherence to best practices. Knowledge empowers, and disciplined action protects. In this frontier of finance, continuous vigilance and a proactive stance are not merely advisable; they are the essential shields that fortify an investor’s fortune against the ever-present threats.
Frequently Asked Questions (FAQ)
A1: No, under most circumstances, cryptocurrency investments are not insured by government bodies like the FDIC or SIPC. If a crypto exchange goes bankrupt or is hacked, investors may lose their funds, and recovery is often impossible.
A2: The key difference is internet connectivity. Hot wallets are online (software-based) and convenient for active trading but more vulnerable to cyber threats. Cold wallets are offline (hardware devices or paper) and offer superior security for long-term storage but are less convenient for frequent transactions.
A3: SMS-based 2FA is vulnerable to SIM-swap attacks, where criminals can take control of a phone number to intercept verification codes. It is also susceptible to social engineering tactics. More secure options include authenticator apps or hardware security keys.
A4: A seed phrase (or recovery phrase) is a sequence of words that acts as the master key to a cryptocurrency wallet. It can regenerate private keys and grant full control over funds. Anyone with access to your seed phrase can steal your crypto, regardless of other security measures, making its offline, secure storage paramount.
A5: Be wary of unsolicited messages, promises of guaranteed high returns, or demands for crypto payment. Always verify website URLs by typing them manually, check for spelling errors or urgency in communications, and never share your private keys or seed phrase. If an offer seems too good to be true, it likely is.
A6: It is generally not recommended to keep large amounts of cryptocurrency on an exchange for long-term storage. Exchanges are custodial and carry inherent risks. For significant holdings, transferring assets to a self-custodied cold wallet is a safer practice.
A7: All operating systems, antivirus programs, and crypto-related applications/wallets should be updated regularly and promptly. These updates often contain critical security patches that fix vulnerabilities and protect against known threats.
A8: Cryptocurrency transactions are irreversible. If funds are sent to an incorrect or unintended wallet address, they cannot be recovered. This is why meticulously double-checking every wallet address before confirming a transaction is crucial.
