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What are healthy wallet safety practices?
When using the Kadena blockchain, it is important to keep your seed phrase/private key safe and never share it with anyone. This will ensure that only you have access to your wallet and funds.
It's also important to note that NFTs can be a lot of fun, but they are a highly volatile asset class and their value can fluctuate. It's important to do your own research (DYOR) before investing in NFTs.
To further protect your funds, it's best practice to use a "burner wallet" when minting NFTs on any launchpad or marketplace. A burner wallet is a temporary wallet that is used only for minting and can help limit your risk of exposure to shady websites.
Make sure to always check the URL of any website you visit to ensure it is the official link and bookmark sites you regularly visit. Be aware of phishing websites, which are identical fake sites that attempt to steal your private information.
Finally, consider getting a hardware wallet for added security. Hardware wallets protect your private keys and allow you to sign and confirm transactions on the Kadena blockchain. Even if the computer you're using isn't secure, your cryptocurrency funds will be safe in a hardware wallet.
Last modified 9mo ago