With the increasing prevalence of crypto scams, it's crucial to prioritize the security of your wallet

While airdrop threads circulate, I urge you to prioritize wallet security for those upcoming opportunities. Your safety in the crypto space matters!💰😉

Let’s Start

1️⃣ Verify URLs: Take the extra step to personally verify URLs before clicking on any links.

🛡For instance, if you're following a Twitter thread for an airdrop, while direct links may be provided, prioritize safety by obtaining links from the project's official social handles, such as Twitter. This precaution extends to links received via email or Telegram – avoid blind trust and always source links from the project's verified official channels. Stay vigilant to protect yourself from potential phishing attempts.

2️⃣Scam Airdrop Claiming Link: Building on the previous point, exercise caution even when dealing with official project channels. Instances of official Twitter and Discord accounts getting hacked are not uncommon.

🛡In the event of a breach, hackers typically share phishing airdrop claiming links under the project's name. Resist the urge to hastily click on such links. Taking a moment to verify the authenticity of the source can prevent falling victim to drainer bots. These malicious entities can swiftly drain your wallet to zero, automatically deducting any deposits you make. Safeguard your hard-earned assets by approaching airdrop claims with patience and due diligence. Starting afresh after a security breach is an avoidable setback.

3️⃣Learn To Recognise Projects Official Handels: Scammers frequently create new Twitter accounts using names similar to popular projects, often changing just one alphabet, such as using "I" (capital i) to mimic "l" (small L). This subtle trick can deceive users, leading them to unknowingly engage with fraudulent accounts and risking potential loss of funds. Stay vigilant and double-check usernames to avoid falling victim to such tactics.

🛡To address this concern, I take a two-fold verification approach. Firstly, I meticulously examine the username, ensuring there are no subtle variations that scammers might exploit. Secondly, I scrutinize the account's followers, particularly looking for endorsements from other well-established and verified projects. If prominent projects vouch for the account by being followers, I gain confidence in its legitimacy.

4️⃣Avoid Unofficial App Downloads: Be cautious about downloading apps from random or unauthorized websites, particularly if you're engaged in crypto activities on your computer. Instances have been reported where users unknowingly downloaded malicious files containing viruses, resulting in the compromise of their computer's wallets and potential loss of funds.

🛡To ensure the security of your crypto assets, refrain from downloading applications from sources that lack official authorization. Stick to trusted platforms and official websites for any software downloads related to your crypto activities.

5️⃣Set Spending Limit: Engaging in swaps and other transactions within various DApps is standard in the crypto space. However, exercise caution by setting spending limits, especially when granting token approvals. Some users unwittingly provide unlimited approvals, leaving their wallets vulnerable. In the event of a decentralized exchange (DEX) compromise, a hacker could exploit this to drain your wallet

🛡To enhance security, consider approving only the exact amount needed for each transaction. This approach prevents hackers from exploiting unlimited approvals to drain your wallet. However, be mindful that approving each time incurs transaction fees. You face a choice between giving unlimited approval to save on fees or approving fees each time for added wallet security. Make your decision wisely

6️⃣Revoke Approvals: Regularly review and, if necessary, revoke unnecessary approvals in various DApps to maintain control over your wallet's security.

🛡Utilize tools like @RevokeCash, @cointool, or @DeFi to remove unwanted permissions. However, exercise caution and double-check the authenticity of these tools before using them to ensure the safety of your assets.

7️⃣Diversify Wallets for Different Projects: Avoid using your main wallet for every project. If you're involved in high-profile projects like ZKSync, Linea, or Base, it's recommended to keep separate wallets for lower-tier projects. High-tier projects generally have a lower risk of scams compared to low-tier ones.

🛡Safeguard your wallet by allocating top-tier projects to one wallet and low-tier projects to another. The choice of projects and wallet allocation is entirely up to you; make decisions based on the risk level you're comfortable with for each venture.

8️⃣Avoid Claiming Small Airdrops: Exercise caution when it comes to claiming small airdrops, particularly in the range of $5, $10, or $15. Many projects offer these airdrops for completing transactions.

🛡It's advisable not to claim such airdrops directly from the wallet where you're actively involved in farming top-tier projects. The risk associated with potential scams or security vulnerabilities is higher with smaller airdrops. Prioritize the security of your wallet and be selective in claiming airdrops to minimize potential risks.

9️⃣Beware of Scam Tokens: The crypto space is flooded with numerous scam tokens that may find their way into your wallet regularly. While it might be challenging to prevent their arrival, you have control over your actions.

🛡Avoid interacting with these tokens at all costs. Any engagement may result in the compromise of your wallet. Utilize tools like @DeBankDeFi to check for unfamiliar tokens in your wallet across different chains. If you encounter any tokens you don't recognize, refrain from interacting with them to ensure the security of your assets.

🔟WalletGuard for Added Security: Elevate your wallet security with WalletGuard—an invaluable extension. This tool provides an extra layer of defense by scanning every transaction sign for potential malicious activity. Before confirming any sign, WalletGuard assesses its legitimacy, alerting you to potential threats.

🛡You can download the WalletGuard extension from @wallet_guard to enhance your wallet's overall security. Stay proactive and protect your assets from malicious signs.

1️⃣1️⃣Hardware Wallet & Seed Phrase Security: Prioritize the safety of your funds by utilizing a hardware wallet for storage. Transfer substantial funds to this secure device for an extra layer of protection.

🛡Additionally, safeguard your seed phrase meticulously. Save it in a secure digital location like Google Drive and, for enhanced security, manually record it in a physical notebook stored in a well-protected place. This dual approach ensures access in digital emergencies while minimizing the risk of unauthorized access to your seed phrase

1️⃣2️⃣ Keep Extensions and PC Updated: Regularly updating your extensions and PC is crucial for staying ahead of security threats. Failure to update may expose you to potential risks.

🛡To update extensions, go to "Manage Extensions," turn on developer mode, and click update. For Windows updates, open PC settings, navigate to "Updates & Security," click "Check for Updates," and install any available updates. Restart your PC after updates to ensure all security patches are applied.

That concludes our comprehensive guide to wallet security. While crypto is never 100% safe, implementing these steps puts you a step ahead in safeguarding your assets. Crafting this thread took considerable effort, so if you found it valuable, show your support by following @CryptoIncentive for future updates and insights. Your journey in the crypto space just got a bit more secure. Thank you!" 🔒🚀