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Just because you are using a hardware wallet, it doesn’t mean that your crypto is safe ! Here’s why :
1. Buying from 3rd party sellers. Never buy a cold wallet on Ebay, Amazon, or any online retailer ! It’s very easy to tamper with a hardware wallet, reseal it, and you won’t know the difference until it’s too late ! 🥹 Only buy direct from the hardware supplier.
2. Skipping authenticity checks. Ledger devices verify authenticity via Ledger Live. Other hardware wallets use firmware checks or some form of integrity check to ensure that the device has not been tampered with.
3. Writing your seed phrase on paper and calling it a day. Fire, water, and mold can destroy the paper , and you’ve lost your seed phrase. Never, email yourself your seed phrase or store it in the cloud !
4. Skipping firmware updates. Most people set up their wallet once and never touch it again. That’s fine for a while, but firmware updates exist for a reason. Updates fix bugs, patch vulnerabilities, and add features. 14 replies
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