10 Key Steps to Enhance Asset Security

In today's digital asset space, protecting your asset security is crucial. This article will introduce you to 10 simple and effective methods to help you enhance your defenses against online scams, ensuring that your encryption assets are safe and secure.

1. Create a Multi-signature Wallet

For long-term holding of encryption, creating a multi-signature wallet is a wise choice. Multi-signature wallets are commonly referred to as "vaults" and require multiple private keys to authorize any transaction, providing a higher level of asset security for your holdings. Even if one of the private keys is compromised, your assets remain secure.

It is recommended to start with a 2-of-3 multi-signature strategy and consider using a hardware wallet as one of the signers to further enhance asset security.

2. Set Up Daily Trading Wallet

Create a dedicated risk wallet for daily encryption activities (such as airdrop claims or NFT minting). Never use your vault for these routine operations. Just top up this wallet with a small amount of cryptocurrency as needed.

You may also consider using a delegation service to delegate certain permissions of the vault wallet to the risk wallet without moving or jeopardizing any actual assets.

3. Using the Trading Preview Tool

Download and use trade preview tools to help you visualize the content before approving any transaction. These tools are usually free browser extensions that pop up windows explaining all suggested transactions, serving as a strong barrier against phishing.

4. Manage Token Spending Permissions

Regularly review and revoke unnecessary token spending approvals. Many DeFi applications may request "unlimited" token spending permissions, which can pose security risks. Using specialized platforms can easily modify your token quotas and minimize potential risks.

5. In-depth Study of the Project

Before using any new project, it is essential to conduct thorough research. Review project documentation, FAQs, white papers, and other materials to gain a deep understanding of its details and risk status. If sufficient project information cannot be found, that in itself is a warning signal.

6. Track Asset Status

Use portfolio tracking tools to monitor your encryption currency positions in real-time. These tools provide a comprehensive overview of assets across various wallets and platforms, helping to identify unusual activities in a timely manner, which is an important component of asset security.

7. Pay Attention to Ecosystem Dynamics

Stay updated on the latest developments in the cryptocurrency space, especially news related to security incidents. Pay attention to reliable news sources and analyses to take preventive measures before potential risks affect you.

8. Enhance Personal Information Security

Adopt good operational security (OpSec) practices to protect your Web2 activities. Some basic recommendations include:

• Use a secure email provider
• Use strong passwords for different accounts
• Avoid associating phone numbers with encryption platforms
• Use non-SMS two-factor authentication (2FA)
• Require the operator to lock the SIM card
• Keep antivirus software updated

9. Develop Emergency Plan

Prepare for the worst-case scenario by developing an asset emergency transfer strategy. Consider using professional Web3 security services that can help you quickly detect and respond to potential on-chain attacks.

10. Report Suspicious Activities

If you encounter phishing or other suspicious activities, please report it promptly and warn others. You can publish warnings on social media or submit reports to specialized databases. Such small actions may help others avoid losses.

By implementing these measures, you can significantly improve the security of your encryption assets. Remember, in the fast-evolving world of cryptocurrency, staying vigilant and continuously learning is key to ensuring asset security.