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security [2019/06/15 10:48] – smiley7security [2020/02/08 17:47] – boot2thrill
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-====== Security ====== 
- 
 It is very important that you **secure your funds and take every single measure possible to ensure the safety of your currency**. This guide will go through some of the basic security measures every user should take. It is very important that you **secure your funds and take every single measure possible to ensure the safety of your currency**. This guide will go through some of the basic security measures every user should take.
  
-As Conceal is a cryptocurrency, **only you, the user, are able to access your wallet**. This means that **if you lose access to your wallet for any reason, no one is able to recover if for you, so your funds will be lost**. Because of this, its important all users follow basic precautions to minimize this risk. +As Conceal is a cryptocurrency, **only you, the user, are able to access your wallet**. This means that **if you lose access to your wallet for any reason, no one is able to recover it for you, so your funds will be lost**. Because of this, it is important that all users follow some basic precautions to minimize this risk. 
  
 When creating a new wallet, you will be provided with a **recovery phrase**. This phrase allows you to recover the wallet if you lose access to it for any reason. Ideally this file should be **written down on paper and stored in a safe place**. Another, less secure, alternative is **to copy the seed to the clipboard and store it electronically**. The latter is less secure, as some types of malware may have access to the clipboard which could lead to the seed being compromised. If stored on the same device as the wallet itself, the seed backup would be useless in the case of ransomware or hardware failure which caused access to the wallet to be lost in the first place. So **if an electronic copy is being used, storing the file on a USB drive would be a better approach**.  When creating a new wallet, you will be provided with a **recovery phrase**. This phrase allows you to recover the wallet if you lose access to it for any reason. Ideally this file should be **written down on paper and stored in a safe place**. Another, less secure, alternative is **to copy the seed to the clipboard and store it electronically**. The latter is less secure, as some types of malware may have access to the clipboard which could lead to the seed being compromised. If stored on the same device as the wallet itself, the seed backup would be useless in the case of ransomware or hardware failure which caused access to the wallet to be lost in the first place. So **if an electronic copy is being used, storing the file on a USB drive would be a better approach**.