How to Upgrade Security on Phantom Wallet, So It's Safe and Hack-Proof?

Bittime - In the world of cryptocurrency, maintaining wallet security is very important. Phantom Wallet, as one of the popular crypto wallets, offers various advanced security features to protect its users. However, security starts with yourself. 

For this reason, it is important for you to understand the steps that can increase your wallet's protection from hacking threats. The following are some security tips that you can apply to keep your Phantom Wallet account safe.

Never Share Secret Recovery Phrase!

The secret recovery phrase is the main key to recovering your wallet if your device is lost or damaged. Therefore, never share this recovery phrase, even with the Phantom support team or websites you visit. This is very sensitive information, and if it falls into the wrong hands, it could have fatal consequences for the security of your wallet.

Make sure your operating system is safe

The security of your operating system (OS) plays an important role in maintaining the overall security of your crypto wallet. Whether it's Windows, Mac, or Linux, make sure the OS you use is always updated with the latest version to avoid potential security holes. Don't forget to install antivirus and security software that can protect your device from malware that might try to steal data.

Use a Strong and Unique Password for Phantom

Passwords are the first line of defense against potential hacking. Make sure you use a very strong password, with a combination of uppercase letters, lowercase letters, numbers and symbols. Avoid using passwords that are easy to guess or that are used for multiple accounts. Using a unique password for your Phantom Wallet is an important step in protecting your digital assets.

Enable Auto-Lock and Biometric Authentication Features

Phantom Wallet has additional security features that you can activate to further protect your account. In the Settings > Security & Privacy section, you can activate the auto-lock feature, which will automatically lock your wallet after a certain period of time. 

Additionally, on mobile devices, you can also use biometric authentication such as FaceID or TouchID to ensure that only you can access your wallet.

Be Wary of Files and Tokens from Unknown Sources

Be careful with the files you receive, especially if they come from unknown sources, such as emails or suspicious websites. Never open files or download programs from unknown sources, because this could risk installing malware or viruses that can access your personal data. 

Likewise with tokens or NFTs that you don't expect (airdrop), never interact with tokens that you don't ask for, because it could be a scam attempt that aims to steal your funds.

Check Transaction Simulation Messages Carefully

Phantom Wallet provides a transaction simulation feature that tells you what a transaction will do before you approve it. Be sure to always check these simulation messages carefully. 

If the displayed transaction does not match your expectations, or if the simulation fails, it is better not to continue the transaction. This is a way to avoid potential fraud or actions that could harm you.

Also read: Peanut the Squirrel ($PNUT) Marketcap Reaches $1 Billion, Animal Memecoin Trend Begins?

Only Visit Trusted Dapps and Sites

Make sure you only visit Dapps and sites that have been proven to be trustworthy. Avoid sites that appear suddenly and disappear within a short time, because often sites like this are phishing traps that can steal your data. Always do your research and make sure the site has a good reputation before interacting with it.

Use Two Wallet Accounts for More Security

One recommended security strategy is to use two wallet accounts. You can use the first account for daily web3 interactions, while the second account is only used for long-term storage. 

This second wallet only needs to make transactions with the first wallet, so it can reduce the risk if the first account is hacked. You can create a new wallet by clicking the hamburger icon in Phantom, then selecting "Create a Wallet" to create a second wallet.

Use a Hardware Wallet for Safer Crypto Storage

If you have high-value digital assets, consider using a hardware wallet like Ledger. This hardware wallet offers an extra layer of security because your private keys are stored on a physical device that is not directly connected to the internet, making it safer from hacking threats. Only use a hardware wallet to interact with well-known and trusted Dapps.

Review Access to Wallet Periodically

Always take the time to review the access you have been granted to your wallet, whether on Ethereum or Solana. If there is access that you do not recognize or do not need, immediately revoke the access. This is a good precaution to avoid using your wallet by unauthorized parties.

By implementing these security measures, you can increase the protection of your Phantom Wallet and minimize the risk of being hacked or losing digital assets. 

Remember, the security of your crypto wallet does not only depend on the features provided by Phantom, but also on the habits and preventive actions you take. Always be careful and make sure you follow best security practices in every transaction or interaction in the crypto world.

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