Level 4: Risk & Safety
Crypto Safety Checklist
A comprehensive checklist to protect your cryptocurrency.
5 min read
Security Mindset
In crypto, you are your own bank. This means 100% responsibility for security. Following this checklist significantly reduces the risk of losing funds to common threats.
Seed Phrase & Key Security
Seed phrase written on paper or metal (NEVER digital)
Multiple backup copies in separate secure locations
Recovery process tested on separate device
Seed phrase NEVER shared with anyone for any reason
Seed phrase NEVER entered on any website
No photos or screenshots of seed phrase
Family member(s) know how to access in emergency
Wallet Security
Hardware wallet used for significant holdings
Wallet software downloaded only from official sources
Separate wallets for trading vs long-term storage
Contract approvals reviewed and revoked regularly
Addresses verified completely before every transaction
Test transaction sent before large transfers
Not keeping large amounts on exchanges
Account Security
Strong, unique password for every exchange/service
2FA enabled (preferably hardware key or authenticator app)
Email account secured with 2FA
Phone number protected from SIM swap attacks
Password manager used for credential storage
Withdrawal whitelist enabled where available
Anti-phishing code set up on exchanges
Online Safety
Official crypto sites bookmarked (never click links)
URL verified carefully before connecting wallet
Unsolicited DMs and emails ignored/deleted
No clicking links in emails or social media
Browser extensions minimized and verified
VPN used on public networks
Crypto holdings not discussed publicly
Scam Prevention
Understanding that NO ONE gives free crypto
Skeptical of guaranteed returns or "can't lose" opportunities
Team/project researched before investing
Smart contracts audited by reputable firms
Liquidity locks verified for new tokens
Taking time before acting (no FOMO decisions)
Only investing what can be lost completely
Congratulations!
If you've read through Level 4 and understand these security practices, you're already ahead of most crypto users. Remember: security is not a one-time setup but an ongoing practice. Review this checklist periodically and stay vigilant.
Final Reminders
- No amount of gains is worth losing your security mindset
- When in doubt, don't act — take time to research and verify
- Even experts make mistakes — stay humble and careful
- The best investment is in your own education
- Start small, learn the processes, then scale up