NFT, DeFi and crypto hacks abound — Here’s how to double up on wallet security

One bad click can steal all your tokens. Keep yourself safe with a hard wallet and stay far away from scams.

Moreso, hardware wallets allow users to set up a personal pin to unlock their hardware wallet and create a secret passphrase as a bonus layer of security. Now, a hacker not only needs to know one’s recovery phrase and pin but also a passphrase to confirm a transaction.

Access to a seed phrase will unlock a set of wallets that corresponds with it, but a passphrase also has the power to do the same.Passphrases are in many ways an extension of one’s seed phrase since it mixes the randomness of the given seed phrase with the personal input of the user to compute a whole different set of addresses.

Similar to one’s seed phrase, a passphrase should not come in contact with any mobile or online device. Instead, it should be kept on paper and stored somewhere secure.Once a hardware wallet is installed, connected and unlocked, users who want to enable the feature can do so in two ways. If the user is in their Trezor wallet, they will press the “Advanced settings” tab, where they will find a box to check off to enable the passphrase feature.

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