> For the complete documentation index, see [llms.txt](https://docs.bitfoot.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.bitfoot.com/new-to-crypto/what-is-cryptocurrency/wallet-safety-basics.md).

# Wallet Safety Basics

Keeping your crypto safe starts with understanding how to protect your wallet. Here are some essential tips to secure your funds:

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### **Never Share Your Private Key or Recovery Phrase**

* Your **private key** or **recovery phrase** (also called a seed phrase) is the only way to access your wallet. If someone else gets it, they can take all your funds.
* Write down your recovery phrase and store it in a secure, offline location. Avoid saving it digitally (e.g., in notes, emails, or cloud storage) to reduce the risk of hacking.
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### **Use a Strong Password and Enable 2FA**

* If your wallet supports a password, use a strong, unique one and enable **two-factor authentication (2FA)** if available. This adds an extra layer of security when logging into your wallet app or exchange accounts.
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### **Beware of Phishing Scams**

* Be cautious of emails, messages, or websites pretending to be your wallet provider or exchange. These are often scams designed to steal your information.
* Always verify you’re on the correct website (look for the official URL) and avoid clicking on links from unknown sources.
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### **Consider Using a Hardware Wallet for Large Amounts**

* For storing larger amounts of crypto, consider a **hardware wallet**. Since it’s kept offline, it’s much safer from hacks and online threats.
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### **Regularly Update Your Wallet Software**

* Keep your wallet app or browser extension up-to-date. Updates often include security improvements that help protect against the latest threats.
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### **Be Careful When Authorizing dApps**

* When using your wallet with decentralized applications (dApps), review the permissions you’re granting. Some dApps may request access to your funds, so only connect to trusted platforms.
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By following these basic safety practices, you can significantly reduce the risk of losing your crypto. Security is essential in crypto, and taking these precautions helps ensure your funds stay safe.