BM Learning Center
  • BEGINNER'S GUIDE
    • 🪙What is a Crypto Wallet?
    • 🔐Crypto Wallet Security
    • ✨What is an NFT?
    • 🟢What is Minting?
    • ⛽What are Gas Fees?
    • ☑️How to Avoid High Gas Prices
    • 📃Provenance and Scarcity
    • 🫂Community
  • COLLECTIONS
    • What are Collections?
    • Creator Royalties
    • BirthMark Collections
  • MARKETPLACE
    • Marketplace Overview
    • How Pricing Works
    • Listing for Fixed Price
    • Making Offers
    • Auctions
  • TATTOO PROPERTIES
    • Properties Overview
    • Functionality
    • Benefits of Properties
    • Trust and Fairplay
  • INKING AND EXTENSIONS
    • Inking & Extension Requests
    • Inking
    • Extension Requests
    • Inking Requests
  • BURNING
    • What is Burning?
    • Burning an NFT
    • Burning a Collection
Powered by GitBook
On this page
  1. BEGINNER'S GUIDE

Crypto Wallet Security

PreviousWhat is a Crypto Wallet?NextWhat is an NFT?

Last updated 11 months ago

Important: When you own and trade crypto currency and NFTs, you are responsible of your own account security and your transactions. Remember that blockchain is a decentralized system and the transactions are irreversable.

• Keep your seed phrase under wraps: Your seed phrase is like the key to your digital treasure chest. It's a series of words that are used to restore your wallet if you lose access to it, and it's super important to keep it safe and secret. So where should you keep it? A physical safe or a secure password manager are both good options. Just make sure it's somewhere that only you have access to.

• Don't share your seed phrase with anyone: No matter how trustworthy they seem, never share your seed phrase with anyone. It's the key to your wallet, and if someone else gets a hold of it, they could potentially access your digital currency. So keep it to yourself, and don't take any chances.

• Stay offline: It's not recommended to store your seed phrase on a device that is connected to the internet, such as a computer or a cloud storage service. Instead, consider writing it down on a piece of paper and storing it in a secure location. That way, even if someone tries to hack into your device, they won't be able to get their hands on your seed phrase.

• Make copies: In case of emergency, it's a good idea to make multiple copies of your seed phrase and store them in different locations. This way, you'll have backup copies if you lose access to your original seed phrase. After all, it's better to be safe than sorry!

🔐
How Do I Keep My Crypto Safe?
Always keep your valuable assets on hardware ledgers (vaults) and use a burner wallet for daily transactions