Blog
How to protect my crypto wallet from phishing and scams?

How to protect my crypto wallet from phishing and scams?

Reviewed by
Crypto crimes are on the rise, and not just hackers are taking advantage. According to one report from blockchain security firm CipherTrace, cryptocurrency crime across all platforms hit over $4 billion in 2019!
Table of Contents
Crypto crimes are on the rise, and not just hackers are taking advantage. According to one report from blockchain security firm CipherTrace, cryptocurrency crime across all platforms hit over $4 billion in 2019!

Key Takeaways

Here are some of the simplest methods to keep your crypto wallet secure:

Use a Secure Internet Connection

When connecting to the internet, use only secure networks. Avoid public Wi-Fi hotspots at all costs, as they're easy prey for hackers looking to steal information.If you must use public Wi-Fi, protect your traffic by installing a Virtual Private Network (VPN) on your device.

A VPN will encrypt all the data sent from your device to the internet, making it unreadable to anyone who may be trying to intercept your information.

Never Share Your Private Key or Backup Phrase

Your private key is what grants you access to your wallet and should never be shared with anyone. Likewise, your backup phrase should also be kept secret, as it can be used to restore your wallet if you lose access to it.

Run a free security scan in a few clicks

{{component-cta-custom}}

If you must write down your private key or backup phrase, store it in a secure location, such as a locked drawer or safe.

Use a Cold Wallet

A cold wallet, often known as a hardware wallet, is a physical device that secures your cryptocurrency. It is usually in the form of a USB flash drive. Taking your assets offline protects you from hacking and other internet assaults.

Keep Your Software Up to Date

Like any other software on your computer, keeping your crypto wallets up to date is essential. Wallet providers will release updates from time to time, including security patches for newly discovered vulnerabilities.By running the latest version of your wallet software, you'll ensure that you have the latest security measures.

Guardio is a Chrome extension that monitors suspicious activity and blocks hackers from stealing your data.

{{component-cta-custom}}

Run a free security scan in a few clicks

screen rec speed

Over one million people use Guardio to keep themselves safe as they browse the web. It’s rated “Excellent” on TrustPilot with 4.5 stars from 1,552 reviews.

Do Your Research

When choosing a cryptocurrency wallet, it's essential to do your research. Not all wallets are created equal, and some may not offer the features or level of security that you're looking for.Be sure to read reviews and compare features before settling on a wallet provider.

Additional security measures:

Use:Two-factor authentication

  • Multi-signature wallets
  • Backups and restoration
  • Watch out for phishing attacks
  • Monitor your activity logsWith cryptocurrencies gaining in popularity, it's vital to be aware of the hazards that come with them. You can safeguard your crypto wallet from digital attacks by following these basic guidelines.

{{component-cta-custom}}

CMS-based CTA:
Clean up your browser and prevent future scams
Protect yourself from money scams & other online threats, begin with a free scan.
Add Guardio to BrowserTake Security Quiz
Default CTA:
Smart protection, built for how you live online
Stay ahead of threats with real-time insights and proactive protection.
Add Guardio to BrowserTake Security Quiz
CMS-based "Did you know?" block
Did you know?
Default "Did you know?" block
Did you know?

Make sure you have a personal safety plan in place. If you believe someone is stalking you online and may be putting you at risk of harm, don’t remove suspicious apps or confront the stalker without a plan. The Coalition Against Stalkerware provides a list of resources for anyone dealing with online stalking, monitoring, and harassment.

Guardio Security Team
Guardio’s Security Team researches and exposes cyber threats, keeping millions of users safe online. Their findings have been featured by Fox News, The Washington Post, Bleeping Computer, and The Hacker News, making the web safer — one threat at a time.
Tips from the expert

Related articles

FAQs

No items found.
Table of Contents
Can You Spot a Scam Text Message?
Test your skills and learn how to protect yourself from online scams.
Take the quiz now
Can You Spot a Scam Text Message?
Test your skills and learn how to protect yourself from online scams.
Take the quiz now