NFTs (Non-fungible tokens) have become the latest trend in cryptocurrency. Today, almost everyone is excited to know about NFTs and how to invest in them to make money. Though NFTs are usually considered safe, a couple of things should be taken care of if you want them to be 100% secure. In this article, we will discuss a few tips that can ensure the safety of your NFTs.
Do not use unofficial support channels:
It is always recommended to seek help on official channels. Be cautious if you are asking questions from a broader community. Soliciting help on social media or even Discord can make you a scammer target.
Do not tell your secret recovery phase to anyone:
Though this is obvious, and most of you are aware that you should not share this secret information with anyone, we still often make it amiss. Your wallet’s secret recovery phrase should be private and not be shared, even with those you trust.
To know further about the best way to store your funds and top nft tokens in a secure place, you can go to your wallet provider’s website to browse the guides and tutorials concerning the same.
Ensure that your wallet app is the official one:
If you consider downloading a wallet browser extension, ensure you get your link directly from the provider’s website. While downloading an application, see the reviews and developer information to verify its authenticity. If there is any doubt, contact the provider to get clarification.
Abstain from clicking on unknown or broken links:
One should be vigilant while browsing websites and interacting with other people on social media or Discord. Do not click on ads, images, or links sent by strangers.
Do not reuse passwords:
We all do this at one point or another; however, reusing the same password across several accounts makes us vulnerable to account compromises. A password generator/manager such as 1Password or LastPass can make things easier if you are concerned about getting lost in a web of unique characters.
Use two-factor authentication:
You should enable two-factor authentication (2FA) for apps like Google Authenticator and avoid SMS 2FA wherever possible because it can increase the risks of attacks. For additional security, you can also upgrade to a hardware-based 2FA device.
Prefer a crypto hardware wallet:
The usage of a hardware wallet adds an extra layer of security to your funds and NFTs. For this, many users either go with Ledger or Trezor.
Besides, like any other hardware item, one must keep their wallet secure and not lose it!
Review your spending limit frequently:
If you are a MetaMask user, review your spending limit frequently when approving transactions. To do so, click the “Edit on Permission” option and customize the spending limit for every currency.
Last but not least is to avoid interacting with files and QR codes sent by known people because they can contain malware. Also, be vigilant about your email safety too.
Before purchasing any NFT from a seller, research the seller, the NFT, and its history. Transactions on the blockchain can’t be reversed, so it is always advisable to be cautious while dealing with NFTs.