Crypto Stories to Tell in the Dark

Avoid these 4 things this Halloween to keep your crypto safe.

ShapeShift
Oct 25 · 5 min read

Halloween is supposed to be scary — not crypto! Now that spooky season is upon us, it’s important to protect your crypto from the things that go bump in the night. Does the thought of losing your bitcoin terrify you? Keep the horror stories around the campfire and away from your crypto by avoiding these four mistakes.

👻 They could haunt you and your crypto portfolio for all eternity 👻

Getting Rekt 💀

Trading in crypto comes with its highs and lows, and every trader's worst nightmare is getting rekt. The very definition is demoralizing. Rekt means “wrecked or destroyed.” It is often used to refer to someone who is losing — badly.

Maybe your coworker convinced you to buy into their ICO in 2017, you really had a gut feeling about a new (shitty) token, or you bought in a bull run and sold when things were bearish. (Ever heard of hodling??) Whatever the case, getting rekt will haunt your dreams for many trades to come.

Traders trying to sell their shitcoin at the top.

RIP Private Keys 👻

Does this spooky story sound familiar to you? You tried to do everything right by taking ownership of your private keys. You scribbled down your seed phrase on a crumpled scrap of paper and tossed it on your desk. Your roommate decides to help tidy up, tossing this seemingly meanless scrap into the bin. Your private keys are gone. Forever.

Or perhaps you decided to play with crypto and fire? Your neighbor got into a shootout with the police and in the crossfire, your house was set ablaze. (True story from a ShapeShift fox!) As you watch your home reduce to ashes, you to realize that your recovery sentence is .

Regardless of the story, losing your seed phrase is a nightmare that you simply cannot wake up from.

🗝 YOUR PRIVATE KEYS 🗝

Falling Victim to FUD 🔪

Do all of your favorite builders, influencers, and traders seem to be in a dark place? Did the ‘’ leave you with nightmares of price drops and bitcoin dumps to come? Don’t let the crypto markets scare you. Protect yourself from crypto (fear, uncertainty, and doubt) with a little holy water, some garlic, and stepping away from for a few days.

Me when they’re spreading FUD.

Getting Hacked ⚰️

What scares you more? Ghosts, goblins, ghouls — or crypto hackers? Is being in an exchange hack one of your biggest fears? It should be. It’s a tale as old as time, but not the kind with a happy ending. If your crypto is on an exchange, you must be a trusting sort of person. While we wish you the best of luck — you’re playing a very .

One, two, Hacker’s coming for you
Three, four, better lock your door
Five, six, grab your private keys
Seven, eight, gonna stay up late
Nine, ten, never sleep again

After tossing and turning all night, you log into your favorite custodial crypto exchange to see that your funds are gone. You thought this could never happen to you. But you were wrong. Your wallets have been fully drained.

What’s makes this even scarier? You reach out to your wallet provider to secure your remaining crypto. What they tell you is horrifying. THEY can recover YOUR seed phrase. You thought you were managing your own keys, but you’re not. Make sure your wallet isn’t dressing up as a noncustodial solution this year for Halloween.

If you’re ready to upgrade your security from software to hardware, we’ve got you covered. Trick or treat yourself to a when you create a .

Trick or treat yourself to a KeepKey hardware wallet for only $10 when you create a ShapeShift account.
Trick or treat yourself to a KeepKey hardware wallet for only $10 when you create a ShapeShift account.

Happy Haunting 🎃

Don’t become just another crypto horror story this Halloween. Avoid these scenarios by wising up and protecting yourself. Once you’re secure, you can explore deep into the depths of bitcoin and crypto without fear.

☠️ Stay safe and secure when you use the new .

🧟‍♂️ Your private keys remain in your hands
🕯️ Summon live chat 24/7
🧛‍♂️ Dark mode for creatures of the night
🕸 Explore the unknown — with no account
🗝 ️ Scary good KeepKey discount

>> Recommended Reading <<

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ShapeShift Stories

ShapeShift Stories: Sharing cryptocurrency education, news, and inspiration.

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Explore the new frontier in crypto management: shapeshift.com

ShapeShift Stories

ShapeShift Stories: Sharing cryptocurrency education, news, and inspiration.

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