How to set up a secure Solana crypto trading environment

Creating a safe and effective home setup for your crypto trading can be done in a few steps, it’s not too difficult and can set you up for what really matters. Here’s how:

Secure your wallet: Use a hardware wallet for secure offline storage of your crypto. This is to protect your assets from online threats. For your hot wallets (the wallets connected to the internet, use a smart strategy such as not keeping all your funds in one place and routinely use new wallets). Avoid keeping large amounts in exchange wallets, as they can be more vulnerable to hacks and bankruptcies.

Secure your accounts: Protect every account with 2FA or MFA everywhere possible, along with randomized, strong and unique passwords. It’s how you make it harder to guess the passwords of your other accounts and prevent that many of your apps getting broken through at the same time.

Choose a reliable cryptocurrency exchange: Always trade on well-established and secure cryptocurrency exchanges (CEXs or DEXs). Look for exchanges with positive user reviews and a solid reputation to ensure your transactions are safe.

Have a security routine:

1. Monitor your trading activities: Develop a routine of looking into what trading strategies give you the best win rate. Regularly check your crypto wallets and use a reliable wallet portfolio tracker to stay updated on your holdings performance and unusual changes.

2. Stay informed with daily news: Keeping up with the latest security threats, best performing strategies and overall market news in the crypto market can help you make better trading decisions as there is no other industry as fast-paced as ours.