How to never get your hot wallet hacked 🔥

See those red lines? ⬇️

Yes, they lost it all…

Because they put everything in one basket

Now how will YOUR wallet never get hacked?

It’s easy…

by not having one…

…a hacker can’t tear out your soul

because you got…

multiple wallets 🧙

Oops… there it is now!

That little voice in your head:

“Sounds like work…”

OK…

if you prefer joining the crew above then go ahead…

The rest of us will be using a browser with profiles:

brave.com

Now when a site tries connecting to “your wallet”…

  1. you create a new brave profile
  2. and install a new metamask
  3. with a new seed phrase

See how easy that is!

If a profile gets compromised, you won’t be losing your pants
If a profile gets compromised, you won’t be losing your pants

Each profile has one purpose and one plugin (metamask)

Other plugins and casual browsing aren’t welcome

Bonus tip

Bookmark your trusted sites because search engines are a devil in disguise đź‘ż

brave.com and metamask.io is all you need to get started

Now go show your friends your new magic trick!

They’ll thank you later 🙏


…here comes the FAQ:

1. Any reason not to do this (a.k.a. I’m lazy and need an excuse)?

Only if ETH gas fees are giving you nightmares…

Then it might not make sense to have a dozen ETH wallets

since you’d need to keep them all fueled up ⛽️

Though let’s be honest:

if you can afford ETH gas fees…

you can afford cold wallets

2. Why are search engines a devil in disguise?

Because their ads can easily lure you onto a scam site…

…which looks 100% real but robs you of your pants

So only use trusted URLs and bookmark them

3. Can you help make crypto easier?

Simply do as in real life:

when you walk home from the supermarket…

…do you keep your wallet on your open hand?

Of course not…

Ditto for your crypto wallets…

You close your wallets after each transaction:

  1. hit the colored circle (yours will be different)
  2. and click the Lock button

4. But what if I forget?

You can make it automatic:

  • go in Settings > Advanced
  • scroll down and fill this in:

5. But even when locked, sites stay connected to my wallets

You can disconnect them by going here:

6. How can someone steal my coins?

Probably because you approved it 🤯

When first interacting with a contract, you need to give your approval

Those approvals are often much higher than they should be…

Therefore it’s best to first click the blue “Edit Permission” in your metamask popup and lower the approval amount

7. OK but what about all the stuff I approved in the past?

You can revoke those approvals

There’s fancy sites popping up left and right to help you do this…

…but to be safe I’ll use etherscan.io as example:

The process is similar for other chains (teaching you to fish here)

8. I received some free stuff… what should I do?

Assume it’s a scam ⛔️

Never touch it as it’ll probably drain your wallet

9. Is this email I received from Metamask safe?

Metamask does not have your email so it’s fake

…and so are any other messages you receive

10. What about seed phrase sharing?

I could tell you to “never share your seed phrases”

but our subconscious mind ignores the “never”

and you’d end up making a costly mistake…

So to really help you out here… ❤️‍🩹

…I’ll need to paint a cruel picture:

Only share a seed phrase when someone points a gun at your child’s head

Don’t have a child? Then imagine you do

On that dark note you probably had enough of me now

Stay safe!

-sven


link to original tweet:

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