Tag: Crypto Wallet

Use a cold hardware wallet for long-term funds, keep your seed phrase offline in durable form, add a BIP39 passphrase or multisig/social recovery, and practice DeFi hygiene by reviewing approvals and avoiding blind signing. Turn on phishing-resistant MFA (security keys/passkeys) on your email, exchange, and password manager, and keep devices patched. 1) Custody choices: self-custody vs. custodial accounts Self-custody means you…

Read this first: what “recovery” actually means A crypto wallet is really a set of private keys. If your wallet is self-custodied and you’ve lost both your recovery materials (seed phrase, passphrase, or required cosigner keys) and any alternate recovery path, funds are generally unrecoverable. That’s by design. Some wallets add new recovery options (e.g., social recovery smart wallets and MPC),…

Your wallet doesn’t store coins; it holds the private keys that authorize transactions on a blockchain. Most modern wallets derive those keys from a human-readable recovery phrase using well-documented standards such as BIP-32 (HD wallets) and BIP-39 (mnemonics). Understanding these basics helps you set things up safely the first time. Choose the right wallet design for your needs Hardware walletA small, dedicated…

Crypto theft in 2024–2025 has increasingly come from social engineering and “wallet drainer” kits that trick people into approving malicious transactions. Phish-resistant authentication, hardware wallets, careful seed backups, and tight control of smart-contract permissions are the most reliable ways to reduce risk. Why wallet safety matters in 2025 Scammers and organized groups continue to refine crypto-theft playbooks. Chainalysis reports that crypto scam…