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Crypto7 min read

Securing Your Crypto Winnings

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Mike Chen

Editor

Securing Your Crypto Winnings

Not Your Keys, Not Your Coins

Leaving thousands of dollars on a gambling site is a recipe for disaster. Sites can go down, get hacked, or ban accounts. Always withdraw to a non-custodial wallet immediately after a big win. If you don't control the seed phrase, you don't own the money.

Hardware Wallets: The Ultimate Shield

Invest in a Ledger or Trezor. These devices ensure your private keys never touch the internet, making them immune to most remote hacks. For any amount over $1,000, a $70 hardware wallet is cheap insurance.

Phishing Awareness

Scammers often impersonate support staff on Discord or Twitter. Remember: No admin will EVER ask for your seed phrase. If they do, they are a scammer. Block and report immediately. Also, be wary of "dusting attacks" where small amounts of crypto appear in your wallet to track your identity.

Image Source: Klaudia Borowiec via Unsplash