Wallet

What's a Wallet?

We all know what banks manage, store and track your financial funds. A wallet is like a bank except you are the bank. You’re in charge of your funds. With that comes great responsibility but, have no fear, we cover how you can stay safe. A wallet is also a form of identification throughout the Web3 space. Whatever you do in this space will involve your wallet. It’s your passport to all things web3. Your wallet is your access point to everything to do with NFTs: it is where you exchange tokens, purchase NFTs, and store these assets.

I want my crypto to be well-protected. How do I practice wallet safety?

Keep your seed phrase/private key to yourself. Do not give out your seed phrase (a.k.a secret recovery phrase). You should be the only person to know it. If anyone else has your seed phrase, they will have access to your wallet and can drain your funds. Use a burner wallet when minting on a platform other than Launchpad: Some sites can be shady and will attempt to steal your funds when you connect your wallet to them. By using a burner wallet, you’re limiting your risk of exposure.

Check the URL: Always check the URL of any sites you visit to make sure it is the official link. Bookmark the sites that you regularly visit. Phishing websites pose as the real website but are identical fake sites attempting to steal your private information. Get a hardware wallet: Consider getting a hardware wallet for an increased level of security. A hardware wallet can keep your cryptocurrency funds safe even if the computer you’re using isn’t secure. Hardware wallets protect your private keys and they let you sign and confirm transactions on the Aptos blockchain.

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