Crypto Scams

Crypto Safety Best Practices

• MFA - Enable multi-factor authentication on accounts for crypto wallets, exchanges, etc. Consider the use of a hardware token such as a Yubikey.
• Protect Private Keys & Seed Phrases - Treat these like the keys to your bank account, never share them with anyone or on cloud services. Keep them in a secure offline location.
• Use Hot & Cold Wallets - Seperate your funds between wallets connected to the internet that are used for frequent transactions, and offline wallets for long time storage.
• Use Trusted Exchanges - Only trade on trusted exchanges such as Coinbase, Kraken, etc. as opposed to untrustworthy platforms or decentralized exchanges.
• Monitor Your Accounts - Regularly review your wallet and exchange accounts for unauthorized transactions or suspicious activity.