January 2, 2023

Don't Let Hackers Steal Your Digital Assets: Tips for Keeping Your Crypto and NFTs Safe

Don't Let Hackers Steal Your Digital Assets: Tips for Keeping Your Crypto and NFTs Safe

"Not my keys, not my crypto" is a phrase that is often used in the cryptocurrency community to emphasize the importance of controlling your own private keys. In the world of cryptocurrency, a private key is a secret code that allows you to access and spend or send your digital assets. It is crucial to keep your private keys secure, as anyone with access to your private keys has the ability to access and steal your cryptocurrencies.

The phrase "not my keys, not my crypto" highlights the fact that if you do not have control over your private keys, you do not have full control over your cryptocurrency. This is because if you store your crypto on an exchange or with a third party, they will have control over your private keys. While these entities may claim to keep your assets safe, they are still vulnerable to hacks and other forms of attacks. Therefore, it is generally considered safer to store your crypto in a hardware wallet or other self-custodied solution where you have control over your private keys.

Cryptocurrencies and non-fungible tokens (NFTs) have gained significant attention in recent years, with their values skyrocketing in some cases. However, with this increased popularity comes an increased risk of hackers attempting to steal these digital assets. Here are some steps you can take to protect your crypto and NFTs from being hacked:

  1. Use a hardware wallet: A hardware wallet, like a Ledger or Trezor is a physical device that stores your cryptocurrencies and NFTs offline, making them much more difficult for hackers to access. These devices generate a private key that is used to access your digital assets, and the key is never stored on the internet. This means that even if a hacker were to gain access to your computer or online accounts, they would still not be able to access your hardware wallet.
  2. Enable two-factor authentication (2FA): Two-factor authentication adds an extra layer of security to your accounts by requiring you to enter a code that is sent to your phone or email in addition to your password. This makes it much harder for hackers to gain access to your accounts, even if they have your password.
  3. Use strong and unique passwords: Use long, complex passwords that are difficult for hackers to guess. It's also a good idea to use different passwords for each of your accounts, so that if one password is compromised, the rest of your accounts will still be safe.
  4. Keep your software up to date: Make sure to keep your computer and any software you use to access your crypto and NFTs up to date with the latest security patches. Hackers often exploit vulnerabilities in outdated software, so keeping everything up to date is an important defense against attacks.
  5. Be cautious with emails and links: Be wary of emails or links that claim to be from your crypto or NFT wallet or exchange, as these could be phishing attacks designed to steal your login information. Always check the URL of a website before entering your login information and be on the lookout for any suspicious activity.

By following these steps, you can greatly reduce the risk of your crypto and NFTs being stolen by hackers. Remember, it's always better to be #SAFU when protecting your digital assets. If you need help securing your assets, visit our super helpful community on discord.

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