Previously, many brothers in the live broadcast room asked the prince how to use hot wallets and cold wallets safely? The prince has always said one thing: a cold wallet is not a god; if you don't understand the details, you can still be wiped out.
The most common pitfall with hot wallets is not being hacked; it's actually your phone being cluttered with random software, clicking on all sorts of chaotic links, leaving cloud backups on, and automatically syncing your mnemonic phrases. This is the biggest trap. There are also some who like to take screenshots of their mnemonic phrases... once that screenshot syncs to the cloud, it’s as if it’s been publicly released, and no one can save you.
Cold wallets may seem stable, but if you buy one that has been "re-packaged," with someone else preparing the mnemonic phrases for you in advance, you don’t even need to set it up; the money belongs to someone else. The real big pit isn’t the hardware; it’s the moment you type your mnemonic phrase into your phone or computer—that’s when it’s no longer a cold wallet. Many people also don’t look at the device screen, only the computer screen address, and if the computer has a Trojan that changes the address, they still think they are safe.
These problems are not technical; they are habits. If it can be offline, don’t go online; if it can be visually confirmed, don’t be lazy.
Anyway, in the cryptocurrency world, the main players look at the chips, while hackers look at the habits. If you have good habits, they won’t even have the opportunity to strike.
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