The expert points out the importance of hardware wallets such as Ledger and Trezor, which are called the “Fort Knox” of the cryptocurrency world. The importance of backing up wallet data offline as well as protecting private keys and passwords from attacks by online spoilers is particularly emphasized.

Such applications also have the functionality to whitelist crypto wallet addresses to prevent unauthorized access. The article also talks about the dangers of public Wi-Fi networks.

Users also have the option to enable two-factor authentication, opt out of universal passwords, and diversify their holdings across multiple wallets.

Source: Ferra

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