E7: Crypto basics: Security, 2-factor authentication, backups cover art

E7: Crypto basics: Security, 2-factor authentication, backups

E7: Crypto basics: Security, 2-factor authentication, backups

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Episode Highlights

  • Public Wi-Fi is not secure, for the most part. If you must use public Wi-fi, then consider downloading a VPN
  • If you can, use a designated malware-free device for all crypto-related activities, and limit the amount of time that it is connected to Wi-Fi
  • Bookmark all the crypto websites that you frequently visit, and always double- and triple-check their URLs before entering any login credentials
  • Enable multiple-factor authentication for all accounts. The harder it is for you to log into your account, the harder it will be for a bad actor to do so as well.
  • Backup all wallet recovery phrases, keys, and seed phrases, and 2fa recovery codes.

Helpful links

  • https://www.nytimes.com/2021/01/13/business/tens-of-billions-worth-of-bitcoin-have-been-locked-by-people-who-forgot-their-key.html
  • https://beincrypto.com/fake-crypto-exchanges-dupe-indians-128m-binance-investor-education/
  • https://cointelegraph.com/news/fbi-issues-public-warning-over-fake-crypto-apps

Google Authenticator and Authy

  • https://play.google.com/store/apps/details?id=com.google.android.apps.authenticator2&hl=en&gl=US
  • https://apps.apple.com/us/app/google-authenticator/id388497605
  • https://authy.com
  • https://coinmarketcap.com/alexandria/glossary/two-factor-authentication-2fa
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