If you regularly use decentralized applications, it is likely that you have already been the victim of an attack on one of your wallets, which resulted in the loss of your cryptocurrencies. To increase the security of your crypto wallet, here are 2 tips to implement on MetaMask now.
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2 ways to strengthen the security of your wallet
To easily increase the security of your assets, the first method to follow is account segregation. But what does this mean in practice?
When you generate a MetaMask wallet for the first time, the software will ask you to remember an initial phrase of 12 or 24 words, which will automatically grant you access to your first account. This last, represented by a unique blockchain addressenables interaction with decentralized Web3 applications.
Account name underlined in orange / Ethereum address underlined in green
👉 How to install and use MetaMask? The essential cryptocurrency wallet
Many beginners use MetaMask with a single account to store and manage their cryptocurrencies. Gold, this behavior is the cause of many financial losses : in case the wallet user inadvertently links his account to a corrupted application, he risks losing all his assets.
The main solution to this problem is to have multiple MetaMask accounts. No need to generate a new seed phrase or think about a new password. Simply click on your account name and then press “ add Account Note that each account has its own blockchain address.
So it is possible to create an account dedicated to decentralized funding, another dedicated to hunting airdrops and the last one just to store most of your crypto. In the event that one of your accounts is terminated, others are not at risk.
Since the permissions granted to the apps were issued for one blockchain address, they do not have access to your other addresses. Moreover, let’s emphasize it Key holders benefit from additional security thanks to the double authentication required for each operation.
In addition to this methodyou can further increase your protection with…