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Anyone who asks for your seed phrase is trying to steal everything in your wallet. No legitimate person, company, or support team will ever need it under any circumstances.
Any offer saying "send 1 ETH, get 2 back" is a scam. Every single time, without exception. Celebrities do not do this. Exchanges do not do this. No one legitimate does this.
Scammers impersonate exchange support, project teams, and influential people in DMs. If you did not initiate the conversation, treat every link as dangerous until proven otherwise.
SMS codes can be intercepted through SIM swapping. Always use an authenticator app like Authy or Google Authenticator instead of text message codes.
No photos of it. No notes app. No email. No cloud storage. Any digital storage can be hacked. Write it on paper and keep it in a physically secure location.
Malicious websites can drain your wallet the moment you approve a connection. Only connect to sites you know and trust. Verify the URL carefully before connecting anything.
When you hold crypto on an exchange, they control your keys. If the exchange is hacked, freezes withdrawals, or goes bankrupt, your funds can be gone. This happened to FTX customers.
Scammers impersonate support agents and ask for screen sharing or remote control. No legitimate crypto company will ever need remote access to your computer or phone.
Scammers build fake romantic relationships over weeks or months then convince victims to invest in fraudulent crypto platforms. Known as pig butchering. Losses regularly reach tens of thousands of dollars.
Malicious token approval requests can give a smart contract full access to drain your wallet. If you do not understand what you are signing, do not sign it.
For any amount of crypto you would be upset to lose, move it to a hardware wallet like Ledger or Trezor. It keeps your private keys completely offline.
Before sending any crypto, verify at least the first 6 and last 6 characters of the recipient address. One wrong character sends your funds somewhere unrecoverable.
When sending to a new wallet address for the first time, send a tiny amount first to confirm the address is correct. Then send the full amount after confirming receipt.
Contact your mobile carrier and add a PIN or passphrase required before any changes can be made to your account. This protects against SIM swap attacks.
Always navigate to exchanges through your own bookmarks, never by clicking links in emails or messages. Phishing sites look identical to the real thing.
Use Revoke.cash to check which smart contracts have permission to access your wallet and revoke anything you do not recognize or no longer use.
Crypto is volatile and high risk. Never invest money you need for rent, bills, or emergencies. Position size according to what you could lose without it changing your life.
Keep one copy of your seed phrase at home and one in a separate secure location. If your home is damaged, you can still recover your wallet from the second copy.
A separate email account used exclusively for crypto reduces the risk of credential exposure from breaches on other platforms affecting your crypto access.
Every crypto trade, sale, and income event is taxable in the US. Use software like Koinly or CoinTracker to automatically track transactions and generate tax reports.
Only 21 million Bitcoin will ever exist. This built-in scarcity is programmed into the protocol and cannot be changed, which is central to Bitcoin's value proposition.
Ethereum gas fees are paid directly to the validators who process your transaction. The exchange does not receive or profit from network fees.
The IRS treats crypto as property. Every trade, sale, or spend is a taxable event. Even swapping one coin for another triggers a taxable gain or loss.
About every four years, the rate at which new Bitcoin is created is cut in half. This event is called the halving and has historically preceded significant price increases.
USDT and USDC are designed to maintain a $1 value. They are used to move in and out of positions without converting back to traditional currency and without leaving the crypto ecosystem.
Crypto never leaves the blockchain. A wallet stores your private keys, which are the proof of ownership that lets you access and send funds recorded on the blockchain.
Anyone can look up any wallet address on a block explorer and see its complete transaction history and current balance. The only thing hidden is the identity behind the address.
A transaction is not final until it receives enough confirmations on the blockchain. Bitcoin typically needs 3 to 6 confirmations before an exchange credits your account.
Gas fees on Ethereum can range from under a dollar during quiet periods to over $100 during peak congestion. Check current fees before confirming any transaction.
Networks like Arbitrum, Optimism, and Base process transactions for fractions of a cent while inheriting Ethereum's security. Great for smaller, frequent transactions.
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