No wallet, no way to interact with the blockchain or with an exchange (CEX or DEX). Imagine if simply downloading an image can drain your crypto wallet and memecoins?

Automatic downloads on messaging apps can compromise your private keys and drain your crypto wallets if they contain malicious code. They can also expose your device to malware. By avoiding auto-downloads, you reduce the risk of unauthorized access and hackers.

Phishing attacks pose another threat to your crypto journey. Cybercriminals create fake sites and apps that mimic popular cryptocurrency exchanges like Coinbase and Binance. Auto-downloads can install these malicious apps, compromising your wallet. Verify the authenticity of any site or app before downloading and disable auto-downloads on all devices.

How to protect your crypto wallet

1. Disable auto-downloads on all devices and applications: Do not skip this step!
2. Use a hardware wallet: For optimal security, store your private keys offline with a hardware wallet. A small step to protect a bit more against online threats.
3. Choose reputable crypto exchanges: Research every platform before selecting an exchange (both CEX and DEX) that you like, some have a bigger history of losing customer funds than others.
4. Enable two-factor authentication (2FA): Improve your crypto wallet security with 2FA or MFA whenever its possible, why not?

Happy trading!