Every day, numerous investors fall victim to the theft of their digital assets. Shockingly, in 90% of these cases, the theft could have been avoided.
A simple solution exists: providing these individuals with the proper tools to alert them about potentially harmful transactions.
In light of this, I am keen to present five essential tools. By installing and utilizing these tools, you can establish effective safeguards for your valuable digital assets.
#1. Rabby
MetaMask is the most popular crypto wallet. That being said, it has set the bar really low.
Enter Rabby, a comparatively much better, easier to use and more secure wallet:
• Great UX / UI
• Good for multiple wallets
• Pre-sign checks for security
• Whitelist feature to save addresses
Most chains are already integrated – no need to add
#2. Pocket Universe
Most wallets have horrible UX: You might not know what you approve.
Solution: Add Pocket Universe to your browser. It will explain to you what each transaction will do for greater transparency.
It’s like a guardian angel looking over your shoulder and assessing every transaction. If something is fishy, it’ll warn you.
As a cherry on top, you’ll get up to $2000 in insurance when transacting using the app. Feeling secure yet? 👍
#3. Scanner from De.Fi
De.Fi is like a super app for DeFi users. But Scanner is by far my favorite tool from them.
Ever wished for a personal dev to audit your tokens and smart contracts? Then Scanner is the solution for you. Simply enter the name of the token or its contract address into Scanner, and it’ll break it down for you:
- Liquidity
- Contract safety
- High-risk functions
- Token distribution
With Scanner, you can easily dodge 95% of sketchy smart contracts. Cool, right?
#4. Revoke Cash
Oops, did you accidentally approve a shady contract?
No sweat, Revoke Cash will help you cancel all those approvals.
This is a must-have tool for cleaning up past mistakes.
#5. YubiKey
Never used text messages for 2-factor authentication.
It's so easy for someone to "sim swap" your cell phone number.
👉 That's why I recommend everyone buy a Yubikey.
YubiKey adds a physical layer of security. Whenever YubiKey is enabled, a hacker needs your physical YubiKey to do anything substantial with your account.
Safeguarding your digital assets is of paramount importance in today's digital landscape. With the prevalence of asset theft and the potential for prevention, it's crucial to equip yourself with the right tools. By incorporating the five tools mentioned above, you can significantly enhance your protection against malicious transactions and fortify the security of your digital assets. Remember, taking proactive measures now can save you from future losses and ensure the long-term safety of your valuable investments.