Cryptos are a growing sensation. They can make you rich.
There is no denying that if you stay abreast of the market conditions, you get to know in which direction it would move next. However, it still is filled with speculations.
Being highly volatile, one is always at the risk of losing out on all his investments.
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| How to keep yourself protected after the OpenSea hacking event?: eAskme |
Nonetheless, this is not the only scare that the investors have. There is one more risk, and that is scamming!
Numerous hackers and scammers are wandering around who can get into your information and scam you anytime!
Recently, OpenSea was hacked, and it has caused a lot of panic amongst the investors.
A crypto wallet contains all your coins and reserves. You use it whenever you have to buy or sell some cryptos.
At the same time, it is a great place to keep them stored if you want to keep them for some time.
However, you are always vulnerable as it is directly connected to the internet.
Some ways through which you can keep yourself protected from the hackers are:
Have a hardware wallet:
There are great chances of a hacker getting into it and taking away all your money.
To keep yourself secured from all such issues, you need to put your tokens in cold storage.
It is a hardware wallet. It is not connected to the internet; it gives you extra protection from scammers and hackers.
Buying a hardware wallet would require you to pay some money against it.
However, it is the safest bet that you can make.
Don't connect DApp with the wallet:
When you go to extra lengths and connect DApp with your digital wallet, you end up putting yourself at risk.
This way, DApp gets permission to access your wallet.
It has all the authority to overlook your activities as the website is connected directly.
However, if you want to keep yourself highly protected, you need to unlink them.
Even if you keep the connection intact, you should have a proper review of the project and understand his level of authority.
Keep your keyphrase to yourself:
If you ever contact a developer or a team member who comes up with a need to ask for your personal information like your keyphrase to the wallet, you should never give him that.
There is no reason someone would need your password or key phrase as it is strictly your secret.
An individual who reaches out to you to ask for such a piece of personal information is undoubtedly a scammer.
Once you set up the wallet, you get a password and a keyphrase.
They are the key to entering your wallet. If someone else knows about it, he will have the authority to peek into your wallet and perform actions without your permission.
Keep a keen look on the tokens:
If you see a token in your wallet that you didn't buy or put in it, you need to get cautious.
If you have multiple coins and manage them through the bitcoin trading software, you will have to take extra steps to keep yourself protected.
You need to be a little more technically aligned to do so. For that matter, you would have to see all the transactions made in your wallet through MetaMask.
This can be done for each network that you use.
Keeping a routine check on the transactions would let you know whether you had made the transaction or some scammer.
This way, sorting out a scammer would become possible.
Use logging out or locking timer:
If you do not log out of your account, you stay connected or signed in to it.
For those using a web browser extension, this is a huge problem that constantly keeps them vulnerable to scams and swindles.
Using a timer would help you deal with this issue.
It would track your activity, and if 20 minutes have passed and there has been no activity, it would automatically lock your wallet and log you out of it.
Hence, even if your phone gets stolen while logged into the account, there would be no security concern.
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