Security is paramount when managing your own crypto assets. With fomo, you don't have to worry about your seed phrase, because you can recover your wallet by signing in with your email or Apple ID, which makes it more secure over a Web3 wallet. Here are the essential practices to keep your Web3 wallet safe.
Your seed phrase and private keys should never be stored digitally in plain text. Avoid:
Physical paper backups in secure locations (safe deposit boxes, fireproof safes) remain the gold standard. Consider storing copies in multiple secure locations.
Be skeptical of:
Always verify URLs before connecting your wallet. Legitimate projects will never ask for your seed phrase. When in doubt, don't connect.
If you hold substantial value in cryptocurrency, consider a hardware wallet (like Ledger or Trezor) for cold storage. Keep only what you need for regular transactions in hot wallets (browser extensions and mobile apps).
This limits your exposure if a hot wallet is compromised.
Periodically review your wallet's connected sites and revoke permissions you no longer use. Tools like Revoke.cash help manage and remove token approvals that could pose risks.
Managing security can feel overwhelming, especially for newcomers. Platforms like fomo help by:
You get the benefits of self-custody without dealing with the technical complexities that often lead to security mistakes.
Trade safely with fomo's built-in protections. Download fomo and start trading securely.