5 Cryptocurrency Security Secrets Revealed in Trezor Expert Session | Provided by SatoshiLabs | August 2024

adminAugust 19, 2024

Here are 5 key secrets you can learn from Trezor expert sessions:

1. Acquire self-management skills

Learn why true cryptocurrency security starts with self-storage

Self-custody is the cornerstone of real cryptocurrency security. Relying on exchanges to store your cryptocurrencies exposes you to risks such as hacks and mismanagement. We have seen this countless times. According to a report by Immunefi, the cryptocurrency industry suffered $572.7 million in losses from 72 incidents of hacks and fraud in the second quarter of this year. Most of the losses came from just two exploits, one involving Japanese cryptocurrency trading platform DMM Bitcoin and the other involving Turkish cryptocurrency exchange BtcTurk.

A Trezor expert will guide you through setting up your hardware wallet with ease.

Self-custody allows you to own 100% of your cryptocurrencies. Hardware wallets like Trezor keep your sensitive data offline, keeping your crypto safe from hackers, malware, and other threats. How? As they say in the crypto space, DYOR (Do Your Own Research) 😀!

Or, take a look at our Trezor Expert session to learn the principles of self-storage. In this session, we will learn in detail how to safely manage your keys (with your wallet) using the Trezor hardware wallet.

2. Avoid the most common cryptocurrency scams

Learn about the tactics scammers use and how Trezor’s built-in security features can help protect your assets.

There is no other way to put it. The cryptocurrency space is full of scams, from phishing attempts (what is that? Here’s a brief introduction) to fraudulent investment schemes. So it’s a good idea to be aware of the common strategies scammers use to avoid falling for them.

During your Trezor Expert session, you will gain insight into the most common scams and how to recognize them. Trezor Expert will also inform you about Trezor’s built-in security features that protect against these threats.

3. The Hidden Power of Offline Security

Find out why staying offline can be your strongest defense when it comes to cryptocurrency security.

Did you know? One of the most powerful security features of Trezor devices is their offline nature. How many tech products can boast of that?

Keeping your private keys offline greatly reduces the risk of online threats such as hacking or malware.

In this session, you will learn how hardware wallets inherently protect your cryptocurrencies by preventing sensitive information from being exposed to the internet. This is the basic principle of offline security. Want to know more? Get all your questions answered and learn about offline cryptocurrency security in a personalized one-on-one session.

Schedule a Trezor expert onboarding session within 180 days of completing your order.

4. A small mistake can cost you everything

Avoid common but destructive mistakes when sending cryptocurrency.

Sending cryptocurrencies between accounts and exchanges may seem simple, but even the slightest mistake can have disastrous consequences. One of the most common errors is pasting the wrong cryptocurrency address, which can result in irreversible loss of funds.

The Trezor Expert session emphasizes the importance of double-checking transaction details. Learn the techniques of checking addresses before confirming transactions and ensure that your funds reach the correct destination. This proactive approach can help you avoid the tragedy of losing your investments due to simple mistakes.

It’s just one of the techniques. Have you heard of hidden wallets or passphrases?

5. Why Backups Are More Valuable Than Your Trezor Device. Learn How to Protect Your Backups

Your wallet backup is your most valuable asset.

In the world of cryptocurrency security, wallet backups (also known as recovery seeds) are incomparably important. While Trezor devices can be replaced, wallet backups cannot. If you lose your wallet backup, you will permanently lose access to your assets.

In the Trezor Expert session, you will learn why it is important to protect your wallet backups. You will also learn how to keep your wallet backups safe. Consider how to protect them from fire, water, and physical damage.