How to stay safe

Wallets are a bit of a shift in thinking. Financial freedom and the ability to access and use funds anywhere comes with a bit of responsibility – there’s no customer support in crypto.

Take responsibility for your own funds

Centralized exchanges will link your wallet to a username and password that you can recover in a traditional way. Just remember you’re trusting that exchange with custody over your funds. If that company is attacked or folds, your funds are at risk.

Write down your seed phrase

Wallets will often give you a seed phrase that you must write down somewhere safe. This is the only way you’ll be able to recover your wallet.

Here's an example:

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Don’t store it on a computer. Write it down and keep it safe.

Do Your Own Research

If you use a web wallet, bookmark the site to protect yourself against phishing scams.

Remember transactions can’t be reversed and wallets can’t be easily recovered so take care.