Despite of the fact, through which platform you are managing your funds or with which cryptocurrency platform you are engaged, the security practices that investors need to take remain almost the same on all the platforms.
But, through this read, we are going to have a look at the precautionary measures that investors should take for securing their funds while managing them through Trust Wallet Extension. The measures that investors need to take are simple and can easily be included in our daily trading routine.
Trust Wallet Extension- a quick preface
If you are an active trader, then you might be well familiar with the extension and their role in managing crypto funds or uplifting trade activities. With extensions, investors can perform all the wallet activities through a web plugin easily and securely. In addition to this, you can even explore thousands of Web3 dApps, earn rewards, play games, swap assets, and do a lot more crypto trade activities.
When it comes to the Trust wallet Extension, the following extensions have been launched by the team:
- Google Chrome
- Brave
- Microsoft Edge, and
- Opera
If you have already installed any of the above-listed extensions, then here are some simplest and most effective ways through which you can safeguard your wallet data and crypto funds.
Keep the sensitive information of the wallet confidential
The biggest mistake that investors often make is that they reveal or share sensitive information relating their wallets to other persons. It might be the wallet recovery phrase or the password that they created at the time of registering the wallet in their name. Here, the wallet recovery phrase can be in the form of a QR code also. Thus, investors should pay extra heed on keeping their wallet recovery phrase and other wallet keys confidential.
Want assistance? - you need to make the first move
Whenever an investor needs help, he first needs to report the issue to the customer support team of the wallet. On the other hand, the support team never asks for your wallet recovery phrase or any other information relating to the wallet which is quite sensitive. Usually, the dedicated team connects with the users via email address having an official domain.
Suspicious link? – never follow it
While accessing the fund management activities through the Trust Wallet Extension or through any other medium, if you discover any link or page to be suspicious, avoid following that link to eradicate the chances of fund loss or any other malicious activity. Furthermore, you should also be very cautious while connecting to third-party sites, as they could be sensitive, and might bring adverse results.
Be aware of alarming/alert notifications
If you are receiving any emails asking for sensitive wallet information and it goes into the spam box, then do delete the email without providing any information or clicking on any link. Furthermore, whenever you receive an email do check its domain first. Online scammers take help from such activities for extracting wallet data and other related information.
Final Lines
In a nutshell, if you are dealing in the crypto world irrespective of the medium, i.e. through a mobile app or via an extension, you need to remain extra cautious of the activities that you perform. Here, we have covered the precautionary measures that you should remember while accessing funds/crypto trade through the Trust Wallet Extension. Further, go through the articles that try to educate investors about phishing attacks and how to stay away from them.
