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Protecting Your Wallet: Best Practices

1. Why Wallet Security Matters

Your crypto wallet is your key to the blockchain—lose it, and you lose everything. Scammers target wallets with phishing, malware, and bad transactions, costing billions yearly.

2. Key Risks

Seed Phrase Theft: Exposed via phishing or screenshots.
Approvals: Malicious contracts drain funds.
Unverified Addresses: Sending to scammers or exploiters.

3. Best Practices

Never Share: Keep your seed phrase offline—paper or metal backups.
Separate Wallets: Use a “hot” wallet for small amounts, “cold” for savings.
Revoke Approvals: Check via Etherscan—revoke if unsure.
Double-Check: Verify addresses before sending.

4. BlockGuardian’s Role

We’ve got your back:

Transaction Warnings: Extensions flag risky sends or approvals—install via email.
Address Checker: Use blockguardian.xyz to vet recipients.
Report Threats: Add bad addresses via our form.

5. Action Plan

Set up a hardware wallet (e.g., Ledger).
Enable BlockGuardian’s phishing detection.
Test small transactions first.

6. Learn More

Check our Phishing Guide or return to Learn. See the whitepaper.