How to store crypto safely

Crypto is held in digital wallets that you control and have full responsibility for keeping safe. Storing crypto safely means protecting your access to it.

So, how can you do that? You can start by understanding the different kinds of crypto wallets, and the benefits of each type, as well as the concept of public and private keys to be able to control your wallets safely. 

Once you do that, you should apply these best practices to safely store your crypto:

• Use strong, unique passwords and enable two-factor authentication (2FA) on your accounts and wallets.

• Keep backup copies of wallet recovery codes (seed phrases) in secure offline locations.

• Never share your private key or seed phrase with anyone. Remember, you will never be asked by a platform to share it.

• Be cautious of phishing links or fake websites pretending to be crypto platforms. You can read more about that here.

• Use licensed and regulated platforms to store your crypto online. Licensed and regulated platforms like Rain are trusted because they apply strong security measures, cold storage, and 24/7 monitoring.

• Regularly update your wallet apps and devices to protect against security flaws.

• Explore using hardware wallets especially if you’re a long-term holder of crypto as they offer one of the safest ways to store crypto offline.