Differences
This shows you the differences between two versions of the page.
Both sides previous revisionPrevious revisionNext revision | Previous revisionNext revisionBoth sides next revision | ||
security [2020/02/10 23:39] – boot2thrill | security [2020/02/10 23:57] – boot2thrill | ||
---|---|---|---|
Line 5: | Line 5: | ||
As Conceal is a cryptocurrency, | As Conceal is a cryptocurrency, | ||
- | ===Safely store your private | + | ===Safely store your private |
When creating a new Conceal wallet, you will be provided with a **private key**. A private key allows access to your wallet and is the single most important | When creating a new Conceal wallet, you will be provided with a **private key**. A private key allows access to your wallet and is the single most important | ||
- | ===Safely store your recovery phrase=== | + | ===Safely store your recovery phrase and never share your recovery phrase=== |
When creating a new Conceal wallet, you will also 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 **recovery phrase** should be **written down on paper and stored in a safe place**. | When creating a new Conceal wallet, you will also 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 **recovery phrase** should be **written down on paper and stored in a safe place**. | ||
Line 20: | Line 20: | ||
===Use long, secure passwords=== | ===Use long, secure passwords=== | ||
It might be a bit of a hassle to dig it up every time you want to login to trade or check your balances, but that process is much more seamless if you take advantage of secure, password managers that help you generate and remember every login/ | It might be a bit of a hassle to dig it up every time you want to login to trade or check your balances, but that process is much more seamless if you take advantage of secure, password managers that help you generate and remember every login/ | ||
- | |||
- | ===Enable two-factor authentication (2FA)=== | ||
- | This is the first thing anyone investing should immediately enable after you register on an exchange, or any location where you store your cryptocurrency. All exchanges have this option, so enable it! 2FA ensures that even if your login and password is compromised, | ||
===Exchanges=== | ===Exchanges=== | ||
- | This is the riskiest | + | By far, the riskiest |
- | There are countless stories about exchanges being hacked and losing funds of their clients. It is ok to have some of your funds on an exchange | + | Short-term storing |
+ | |||
+ | ===Enable two-factor authentication (2FA)=== | ||
+ | This is the first thing anyone investing should immediately enable after you register | ||
This is not an exhaustive list, but should be the very minimum of what you should be doing to secure your funds. | This is not an exhaustive list, but should be the very minimum of what you should be doing to secure your funds. | ||