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How do I keep a web3 wallet secure?

Wallets are almost never broken cryptographically. People lose funds by signing something they did not read, by reaching a fake site through a search result or a chat link, or by using one wallet for both long-term holdings and speculation. Fixing those three habits removes the large majority of real-world risk.

The three habits

  1. Separate wallets. One for holdings that never signs anything speculative, one funded only with what you are actively trading. This alone bounds every other mistake.
  2. Bookmarks only. Reach trading sites from your own bookmark, never from a search ad, a chat link, or a reply on a post.
  3. Read what you sign. Token approvals are the mechanism behind most drains. If a transaction asks for spending permission you did not intend to give, reject it.

Requests that are always fraudulent

  • Anyone asking for your seed phrase or private key, for any stated reason.
  • Support that contacts you first, in a DM, offering to fix a problem.
  • A 'wallet validation', 'sync' or 'migration' step that requires entering a phrase.
  • An airdrop that must be claimed by connecting and signing an unreadable payload.

Last reviewed

Web3 wallet security: what actually gets people robbed | FOMOSCAN