Vulcan Security — Essential security tips to help protect your assets

Keeping your digital assets safe is the most important thing you can do to protect your investment. NFTs and cryptocurrencies are still a relatively new technology, and there are always new security threats and risks emerging. However, by being vigilant and taking the necessary precautions, you can help protect your digital assets from theft, hacks, or other security breaches. Remember that once your assets are lost or stolen, they are very difficult to recover, and there is no central authority to help you retrieve them.

It is crucial to take the time to educate yourself on best security practices, and to stay vigilant and cautious whenever you’re conducting transactions, engaging with users on Discord or other social media platforms and when clicking any type of link from unidentified or unverified sources.

Your Seed Phrase

Being asked for your seed phrase is one of the biggest red flags in the digital asset world. Your seed phrase is essentially the key to your web3/cryptocurrency wallet, and anyone who has access to it can gain complete control over your digital assets. Legitimate exchanges and wallet providers will never ask you for your seed phrase, and you should never give it out to anyone under any circumstances. Scammers often use social engineering tactics to trick people into revealing their seed phrases, such as pretending to be a customer support representative, offering a fake investment opportunity or putting you into a situation where you panic. Remember that your seed phrase is a highly sensitive piece of information, and you should treat it with the utmost caution and secrecy. If anyone ever asks you for your seed phrase, it’s a major red flag, and you should terminate the conversation immediately and report the individual or organization to the appropriate authorities.

Important Security Tips

  1. Use a separate device for digital asset transactions: This keeps your transactions isolated and helps reduce the risk of malware and hacking. Don’t use your personal computer or phone.
  2. Enable two-factor authentication (2FA): Always enable 2FA for any digital asset accounts and social media accounts including Discord and Twitter. This adds an extra layer of security by requiring a second form of authentication, such as a unique code or biometric information, in addition to your password.
  3. Be cautious of unsolicited messages: Be wary of any messages through Discord or via email as well as social media sent by unknown users, especially those that ask for personal information, such as your private keys or wallet addresses. Scammers may impersonate a reputable user or group and try to trick you into giving them access to your digital assets. If unsure, always verify the user before replying. Where possible, turn off Direct Messages (DMs).
  4. Verify identities: Before participating in any digital activities on Discord, verify the identity of the person or group you’re communicating with. Check their Discord profile, website, and social media to ensure they are legitimate and have a good reputation.
  5. Use reputable exchanges and wallets: When buying, selling, or storing digital assets, use reputable exchanges and wallets that have a good track record of security. Avoid using unknown or untested platforms or wallets, as they may not have the necessary security measures in place. Be particularly careful when connecting wallets to DEXs and minting sites.
  6. Use a hardware wallet for additional security: Using a hardware wallet adds another layer of security. Having your digital assets sitting behind a hardware wallet means that you have to physically sign a transaction to move assets out of your account. Important assets should always be kept in a hardware wallet and only connected when absolutely required with great care taken.
  7. Never click unknown links: Social media is filled with many different links. Clicking on random and unknown, or unverified links can result in hacking. If you are unsure, do not click and refer to official website or social media account of company for correct link.
  8. Keep your software and antivirus up-to-date: Keep your computer’s operating system, antivirus, and other software up-to-date with the latest security patches and updates. This helps prevent malware and other security threats from compromising your device.
  9. Backup your wallet: Always keep a backup of your wallet and private keys in a secure location, such as a hardware wallet or encrypted storage device. This ensures that you can recover your digital assets in the event of a hardware failure or loss.
  10. Vulcan sacrifice events: If you have taken part in a Vulcan sacrifice event, please do not use this wallet for other transactions. Create a new wallet or new seed phrase, this will protect your sacrifice when it comes time to claim your $VUL tokens. If your wallet becomes compromised there is very little that can be done.

Remember that NFTs and cryptocurrencies are highly valuable assets, and there are always risks involved. By educating yourself on best practices, you can reduce the risk of losing your digital assets by falling victim to scams or hacks.

Official Links

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