Tips For Securing Your Wallet — An Article by TraXion
Published in
2 min readApr 10, 2018
Hey everyone! As we approach the start of our Pre-Sale on 05.01.18, we thought it would be good to share some tips with you on how to better secure your wallet:
- Never click on suspicious links or download apps from unknown developers. They can log your private keys and other information from your device.
- Always be sure to back-up your wallet. Wallets usually with have an X-phrase mnemonic in case you lose your device. Write this phrase down and store in a very secure place.
- If you are using a wallet software, always have a password for it.
- If you are using a browser for a cloud wallet such as MEW, always check to make sure you are at the correct URL address.
- Using a localized, hardware wallet such as a Trezor or a Ledger wallet can help you secure your wallet in “cold storage”. This will help prevent your wallet from being hacked into as it will be in an offline setting.
- While on social media or forums, do not mention what cryptocurrency exchange or wallet you use.
- Do not ever share your private key for your wallet.
- If you have an online wallet, be wary of accessing your wallet on a public Wi-Fi connection as this poses a security risk.
Disclaimer: While these are some helpful tips for securing one’s wallet, there are still risks that exist and funds can be lost and or stolen. TraXion claims no responsibility for the possibility of these events occurring and this article is meant as advice. Each user should do their own research and take necessary steps for the security of their wallet.
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