They can also pretend to be customer support and request you to call some code or OTP from your phone. Get a secure backup for your secret recovery phrase ready whenever you need it. Our most advanced and customizable crypto wallet yet, enjoy a curved E Ink® touchscreen crypto-experience unlike ever before.

When choosing a password for your crypto wallet or any other sensitive site,  choose something unique rather than an existing password used elsewhere. Rather than  saving passwords to your browser, it is more secure to store them in a password manager like Kaspersky Premium with built-in Password Manager. It's good practice to change your password regularly, such as every six months.

A public key, on the other hand, is an open cryptographic alphanumeric number that points to your address. You can see a public key as your account number and a private key as your bank transfer pin. In the next part, we will delve into the best practices for crypto wallet security, equipping you with the knowledge and tools necessary to protect your crypto assets effectively. An offline wallet, also known as cold storage, provides the highest level of security for savings. It involves storing a wallet in a secured place that is not connected to the network.

Today, most crypto wallets have 2-factor authentication built into their platform, making adopting this diligent practice simple. Private keys are the alphanumeric codes used to access cryptocurrency—this is what thieves are after. All cryptocurrency storage methods involve  protecting the private keys because they provide access to the tokens. Private keys are similar to the password or PIN you use to access your bank account app—if someone steals that, they can wreak havoc on your finances.

While similar, seed phrases and private keys are also different and not interchangeable. Even trust wallet though hardware wallets are widely considered to be the most secure way to store and protect your private keys, it’s still important to maintain good crypto hygiene. This means that you should never trade very large amounts of cryptocurrency before  verifying the receiving address with a test transfer. If your hardware wallet has a screen, double check that the recipient’s address matches up with what the hardware wallet is displaying before starting a transaction.