Essential Security Guide for On-Chain Trading

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Remember: in Web3, you are your own bank. While this provides unprecedented financial freedom, it also means security is entirely in your hands. Here’s how to safeguard your assets effectively.

1. Web3 Security Principles: Stay Vigilant

👉 Explore OKX Wallet’s built-in security features for real-time phishing protection.

2. Phishing Attacks: Identification & Prevention

Common Attack Vectors

  1. Fake Websites

    • Mimics legitimate platforms (e.g., "Web3.0KX.com" vs. "Web3.OKX.com").
    • Prevention: Bookmark official URLs and enable browser alerts.
  2. Social Media Scams

    • Impersonator accounts with cloned logos.
    • Prevention: Check Twitter handles (@OKX) and avoid clicking ads.
  3. Malicious Contracts

    • Unauthorized approve() transactions drain funds.
    • Prevention: Use OKX Wallet’s transaction simulation to detect risky approvals.

Wallet Hygiene


3. Emergency Protocols for Compromised Wallets

  1. Immediate Actions

    • Transfer remaining assets to a new wallet.
    • Revoke all permissions via Revoke.cash.
  2. Reporting

    • Contact OKX support for blockchain forensic assistance.
  3. Asset Recovery

    • Track stolen funds via Etherscan and request stablecoin freezes (e.g., USDC blacklisting).

FAQ

Q: How do I spot a phishing website?

A: Check the URL for subtle typos (e.g., "0kx.com") and look for SSL padlock icons.

Q: Can stolen crypto be recovered?

A: Rarely—focus on prevention. Some centralized tokens (USDT/USDC) may freeze funds if reported promptly.

Q: Is hardware wallet necessary?

A: Highly recommended for large holdings; it isolates private keys from internet access.

👉 Learn about OKX’s multi-signature wallet solutions for enterprise-grade security.


Final Tip: Update software weekly and use dedicated devices for high-value transactions.

Disclaimer: This guide is educational and not financial/legal advice. Always verify actions with professionals.


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