Holding crypto is one thing—keeping it safe is another. Web3 has given us financial freedom, but it also comes with risks. Every year, millions of dollars are lost to hacks, scams, and security oversights. The hard truth? Most of these losses are preventable. If you’re investing in crypto, there are three critical things you must never forget to safeguard your assets. Here’s what you need to know.

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1. Not Your Keys, Not Your Crypto

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Many investors still make the mistake of leaving their funds on centralized exchanges (CEXs). While convenient, this is a major security risk. If the exchange gets hacked or shuts down, your assets could be gone forever. Remember, exchanges control your private keys—not you.

Solution: Use a non-custodial wallet like OKX Wallet. With it, you alone hold your private keys, meaning only you have access to your assets. This eliminates counterparty risk and ensures true ownership of your crypto.

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2. Beware of Phishing Scams

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Web3 is full of deceptive websites, fake apps, and malicious links designed to steal your crypto. One wrong click on a phishing link can compromise your entire wallet. Hackers often pose as legitimate dApps, NFT projects, or even support teams to trick users into connecting their wallets.

Solution: Always verify URLs and double-check before signing any transaction. Use wallets that offer built-in phishing protection and security alerts. The OKX Wallet, for example, has anti-phishing features to prevent unauthorized access to your funds.

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3. Secure Your Recovery Phrase Like Your Life Depends on It

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Your recovery phrase is the master key to your wallet. If you lose it—or worse, if someone else gets hold of it—your funds are at risk. Writing it down on your phone or storing it online? Bad idea. Hackers and malware can easily steal digital copies.

Solution: Write your recovery phrase on paper and store it in a safe, offline location. Better yet, use metal backup solutions that are fireproof and waterproof. Never share your seed phrase with anyone—not even “support” teams claiming to help.

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Final Thoughts

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Crypto security isn’t just about luck—it’s about preparation. By taking ownership of your private keys, staying vigilant against scams, and protecting your recovery phrase, you ensure that your assets remain safe in Web3. Don’t wait until it’s too late—secure your funds today.

Start protecting your crypto now with the OKX Wallet. Take control of your security and stay ahead of threats. 

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