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Welcome back to “Crypto Basics”! We’ve covered blockchain fundamentals, visualized blockchains as cities, and demystified public addresses, private keys, seed phrases, and wallets, along with essential security measures. Now, we turn to setting up a secure environment for cryptocurrency transactions, a foundational step for safe and efficient dealings in the crypto world.
Before engaging in cryptocurrency transactions, it’s essential to establish a secure setup:
- Dedicated Computer or User Profile: Use a separate computer for your cryptocurrency dealings to minimize online threats. If not feasible, a dedicated user profile on your existing computer, used only for crypto activities, can serve as an alternative. Remember, this isn’t as secure as a separate device, but it’s a step towards enhanced safety.
- Dedicated Email Address for Crypto: I recommend setting up a new email address for your crypto transactions to minimize phishing risks and keep your crypto dealings separate from your personal or work emails. I use and trust Proton Mail, which offers robust privacy features. It’s worth noting that Proton Mail includes a free plan, making it a great option for those just starting in crypto.
- Using a VPN: A VPN is vital for online privacy and security in cryptocurrency transactions. It encrypts your connection and hides your IP address. Proton VPN, offering strong encryption and a free plan, is a suitable choice.
- No Public Wi-Fi: Don´t use public Wi-Fi for crypto transactions due to security vulnerabilities. Always use a secure, private network.
- No Bluetooth: Don´t use Bluetooth for crypto transactions to avoid the risk of data interception. Wired connections offer better security.
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