Bankless: Safety use guide for bull market encryption wallet

Author: Maika Isogawa Source: Bankless Translation: Shan Ouba, Bit Chain Vision World

The rise may have been suspended, but the bull market is far from over.With the stimulus of price fluctuations, the activity will also increase, and the possibility of errors in all crazy will increase greatly.

Don’t worry!Since the last cycle, security tools have made significant improvements, and the industry’s understanding of attack medium and loopholes has also improved.

The following are the matters that need attention to improve security.

Hygiene

Wallet hygiene is important to protect your chain … But what is it?

Generally, wallet hygiene refers to developing good habits and using different wallets for different purposes.Your high -value NFT and a large number of tokens should be stored in a safer wallet that is safer than you used for garbage currency transactions.

However, in some cases, you will be seduced to put your high -value assets in a risk situation. For example, when you need to verify the ownership of a certain asset to join a community or use the characteristics of large wallets to get airdrop rewards for airdropping rewardshour.

Delegate.cash (delegate.xyz) is a popular commission choice. The commission is to extend the permissions of one wallet to another wallet, and finally make your assets more secure.

In addition to entrustment, regular cleaning and checking your cold wallets, hot wallets, browser wallets and hardware wallets are part of the steady encrypted hygiene habits.

monitor

How do you know what happened to your wallet?

As a user, when we actively conduct transactions, exchange, and sending, we will realize the changes in the wallet, but you may be surprised to find that there are many things we don’t know happened on the chain.

Some activities may be benign. For example, the NFT is sent to your address, but occasionally unknown activities will occasionally appear, which is worrying.Monitor your wallet on a regular basis is an important part of long -term guarantee asset security.Companies like webacy (I am a CEO!)) Companies such as sending text messages or emails in real time by sending activities around your wallet and its surroundings make monitoring easier.

Pre -transaction research

We have all experienced this.You see everyone making money on the tokens of 1,000% overnight, and you want to participate.You see a link and click on it.Your browser wallet pops up and prompts you to connect, and then … this is where many errors happen.

In addition to excitement, the security of your upcoming transaction may be suspended.Generally, the transaction itself is difficult to explain, and it may even be malicious.

The browser extension tool can help users evaluate before the transaction occurs, including Pocket Universe, Fire, and Wallet Guard.

In recent years, the wallet itself has also assumed more user security responsibilities by integrating additional security functions.Phantom Wallet has an excellent user interface to display changes in the status of the wallet after the transaction, and the user can easily make a wise decision.Other wallets are also trying their own security enhancement functions, but they are mixed.

If possible, you need to evaluate the team, contract itself, and the historical success rate of the project behind the project.

Approval

When you trade on the chain, you usually need to grant other addresses to spend your tokens and NFT permissions.These permits are called “approval”.These permits are usually necessary, but sometimes it may exceed the scope and even malicious.

If you have already used your wallet for a while, or just very active, you should check your open authority regularly.Although Revoke.cash or Etherscan’s tokens are very good, they will not provide users with good information.Our withdrawal function provides not only provides native cancellation functions, but also can evaluate which open approval is potentially dangerous to your wallet.

Traditional network security

We must not forget that traditional network security (OPSEC) is critical to the overall security of encrypted assets.After all, everything needs to be used.

The common culprit that emphasized here is the reason why many users have become hackers and scam victims.Take some time to check your system -don’t be the next Twitter hot search topic.

  • SMS verification code (SMS 2FA) is no longer reliable.Sim Swapping has become the main topic in the field of encryption security and is also a script that hackers follow.Delete your phone number from the dual authentication options in all the accounts that support and other methods.

  • Password managers and cloud storage providers are not your login information or seedlings of the seed phrase.Through a hacking or the company’s own data leakage, this information may be exposed, which will cause you to be in danger.

  • Set bookmarks for the most commonly visited encrypted websites to avoid online fishing link fraud.

  • Close your discord private message.

There are many places to pay attention, but only these steps can ensure that you are not easy to be the target of being attacked.

Use projects that care about user security

The last thing to pay attention to is to choose companies and projects that care about user security.There are now mature solutions, such as embedded security APIs. There is no reason for the project without reason to provide additional protection measures for its end users.

Self -hosting means that users need to bear more responsibility for protecting themselves, but self -security is only part of it.The project owner also has the responsibility to use the newly developed risk relief tools to protect the end users and eventually protect the company’s health.

Companies like MintiFy are actively taking measures to integrate security measures directly into their platforms -it clearly shows that they care about the security of the end users.

Distributed security means more secure web3

The popular words in the field of decentralization -blockchain are also one of the foundation of cryptocurrencies.It must also be applied to security.If the data and ownership are no longer controlled by the central entity in the wall garden, the security and ownership of these data are not controlled.

With the transfer of control to users and companies that build the Internet for them, risk relief and security will become a category to jointly improve to cope with new challenges and use cases.

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