This cryptocurrency security checklist is a compiled version of things you should and should not do concerning bitcoin and cryptocurrencies, put together from the guides published on this site.

Wallets 💰

✅ DOs

  • Store your recovery seed offline. Use paper or a steel sheet, and keep it somewhere only you can access.
  • Use a hardware wallet. If you own a decent amount of crypto, use a reputable hardware wallet like Ledger or Trezor.
  • If you only have a few hundred dollars invested, use reputable, open-source wallet software like BlueWallet (Bitcoin) or Rainbow (Ethereum).
  • Learn common bitcoin and crypto scams. Awareness significantly reduces your chances of falling for them.
  • Keep your software up to date. This includes computers, phones, wallet apps, and hardware wallet firmware.

⛔ DON’Ts

  • Don’t use a paper wallet. Creating one securely is difficult without deep Linux/security experience.
  • Don’t save your recovery seed digitally. Avoid .txt files, documents, email drafts, notes apps, or any digital storage.
  • Don’t give away your recovery seed. Airdrop and support scams often ask for it; sharing it gives away your funds.
  • As much as possible, avoid discussing your crypto holdings with strangers to reduce the risk of a $5 wrench attack.

Exchanges 📈

✅ DOs

  • Use two-factor authentication (2FA). It makes account takeovers significantly harder.
  • Use strong, unique passwords. Use long, complex passwords and a manager like KeePass2 or Bitwarden.
  • Double-check website URLs. Confirm you’re on the correct domain to avoid phishing or malicious downloads.
  • Learn common bitcoin and crypto scams. Awareness lowers your risk.

⛔ DON’Ts

  • Don’t click crypto ads in search engines. They can lead to phishing sites. Type the exchange URL manually or use bookmarks.
  • Don’t reuse passwords across sites. If one site is breached, attackers can reuse leaked credentials on your exchange accounts.
  • Don’t leave funds on exchanges if you don’t trade regularly. Move funds to a reputable hardware wallet like Ledger or Trezor.

For more detailed articles concerning bitcoin and cryptocurrency security in general, check out the articles on our homepage.

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