How you no go let dem rug you

Crypto biggest risk no be di technology. Na di guy wey dey your DM. Field guide on custody, seed phrase and di seven scam wey you go surely meet.

Custody: na who dey hold di key

Every crypto wallet get private key. Whoever hold di key hold di money. Two model dey:

• Self-custody. Na you dey hold di key, normally as 12- or 24-word seed phrase. Full control, full responsibility. Lose di phrase, lose everytin. No reset button dey anywhere for dis universe.
• Custodial. Regulated provider dey hold di key inside secure hardware and you dey login like normal app. If you lose your phone, na di account you go recover, no be di money. Na dis one most people suppose use, and na so Kairo dey work.

"No be your key, no be your coin" na real principle. "No be your backup, no be your coin" too. Pick di model wey you go actually manage well.

Seed phrase, if you really go do self-custody

Write am for paper. Two times. Keep di copies for two different place. No ever type am enter website, no ever screenshot am, no ever put am for your notes app, no tell anybody, and if app talk say e "need am to verify your wallet", dat app na robbery wey dey happen.

Di seven scam wey you go meet

Di boring habit wey actually dey work

1. Turn on biometrics and PIN wey no be your birthday.
2. No ever share one-time code. No be with your bank, no be with your mama, no be with "di app".
3. Send go handle, no be address, anytime wey you fit.
4. Do small test transfer before big one.
5. If something dey feel urgent, slow down. Scammer no fit survive 10-minute pause.

IN SHORT Custodial for most people, seed phrase for paper if you dey do am alone, no ever share code, no rush. Di tech dey fine. Na di DM be di danger.