Encryption Asset Security: 10 Key Steps

In today's digital asset era, it is crucial to protect your encryption asset security. This article will introduce you to 10 simple and effective steps to help you enhance your defenses and ensure your cryptocurrency investments are safe and worry-free.

1. Establish a multi-signature vault

For long-term holdings of encryption assets, creating a multi-signature wallet is a wise choice. This type of wallet requires multiple private key authorizations to execute transactions, significantly enhancing security. Even if one private key is compromised, your assets remain secure. It is recommended to start with a 2-of-3 multi-signature strategy and consider using a hardware wallet as a partial signer to further elevate the security level.

2. Establish a Daily Operating Wallet

Daily activities such as airdrop claims or NFT minting should use a dedicated risk wallet. Never use the vault for regular operations. Only top up the risk wallet with necessary encryption when needed. Some services allow you to delegate the vault's permissions to the risk wallet without jeopardizing core assets.

3. Use the Trading Preview Tool

The trading preview tool is an important barrier against phishing. These free browser extensions can explain all suggested trades, helping you visualize the trade content before approval. It is strongly recommended to use such tools for all trades.

4. Review Token Spending Permissions

Regularly monitor and revoke or minimize unlimited token spending approvals. Many DeFi applications require unlimited approvals, but this can be exploited by attackers. Using specialized platforms can easily modify token quotas and reduce risks.

5. In-depth Research on the Project

Before participating in any encryption project, it is essential to conduct thorough research. Review project documentation, FAQs, white papers, and other materials to understand the details and risk status. If you cannot find sufficient project information, this in itself is a dangerous signal.

6. Real-time Monitoring of Assets

Use a portfolio tracker to closely monitor your encryption assets. These tools provide a real-time overview of assets across various wallets and platforms, helping to promptly identify unusual activities and take protective measures.

7. Timely grasp of industry dynamics

Stay updated on cryptocurrency news, especially reports related to security incidents. Reliable news sources and social media accounts can help you stay informed about important information that may affect your asset security.

8. Strengthen Web2 Security Measures

Do not ignore traditional internet security. Use secure email services, employ strong passwords and do not reuse them, avoid associating your phone number with encryption platforms, enable two-factor authentication, and use the latest antivirus software.

9. Develop Emergency Strategies

Even if all precautions are taken, be prepared for the worst-case scenario. Consider using services that allow you to quickly transfer assets to a predefined secure wallet. Advanced users can utilize specialized monitoring and protection services to detect and avoid on-chain attacks at millisecond speed.

10. Actively Report Suspicious Activities

If you encounter phishing or other suspicious activities, please report it promptly. You can post on social media or submit a report to a specialized database. Your actions may help others avoid losses.

By following these steps, you can significantly enhance the security of your encryption assets and enjoy a more secure journey with digital assets. Remember, in the world of encryption, vigilance and continuous learning are key to protecting your assets.