How to protect our NFTs?

in LeoFinance2 years ago

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NFTs are non-exchangeable tokens that have made it possible to register the ownership of digital assets for the first time. Using non-exchangeable tokens, artists and all people can turn their works into a digital asset using cryptographic methods in a completely secure way and sell it in a marketplace. Currently, there are many artists who have been able to earn a lot of wealth using this method and deliver their works to their special customers in the best possible way.

Like cryptocurrencies, NFT tokens are vulnerable to fraud.If users aren't familiar with the important points regarding the maintenance of these tokens, all their assets may soon be exposed to theft.

How secure are NFT tokens?


If you have just entered the world of blockchain, you'll surely have this question: what is the security level of NFT tokens and how likely are these tokens to fall into the hands of fraudsters and hackers? Regarding the security of NFT, you should know that these tokens are very safe because they are built on blockchain networks; So that there's absolutely no possibility of hacking and infiltrating them at the blockchain level. Blockchain technology has been developed in such a way that users can build NFTs with high security and keep their ownership for years using private keys, But the thing you should know about NFT security is that ultimately users will determine the level of penetration to their assets.

The security of NFTs, like digital currencies, will depend on the way users keep their private keys. Private keys are phrases that users use to sign digital assets.

Using private keys, users can prove that they have a specific digital asset and thus transfer their asset to other users; Therefore, the private key will be the most important thing that should be maintained to keep the NFT secure. If the private keys do not fall into the hands of hackers, there will be no possibility of stealing NFTs and users can safely maintain their digital works.

Ways to keep NFT safe


Using a hardware wallet

One of the best ways to keep NFT safe is to use hardware wallets.

Wallets are divided into custodial and non-custodial categories. Custodial wallets, as the name suggests, are wallets that are managed by a third party. These wallets are completely centralized, which causes many problems in them. Custodial wallets are platforms that hold custody of users' assets. Although some custodial wallets are highly secure, it is possible for them to be compromised by hackers, in which case the security of users' NFTs will be at risk.

To avoid the problem of using custodial wallets, the best solution is to use non-custodial wallets. Hardware wallets are among the best non-custodial wallets that users can use to keep NFT safe. Hardware wallets store private keys and recovery phrases offline; For this reason, users can be sure that there will be no possibility of hacking the tokens.


Selection of valid markets

MarketPlaces are platforms used for buying and selling. Using marketplaces, users can sell their products and expose them to a large number of users and buyers.

To keep NFT safe, the best possible way is to consider their reputation before choosing NFT markets and check if they have a high reputation among users. Also, if possible, it is better to check the codes in the smart contracts of the platform in question.


Check the URLs

It is better to know that in recent years, many fraudsters have used fraud methods that users could avoid by checking the URL.

Regarding the reason for checking URLs, you should know that fraudsters use different methods to steal NFTs, one of the main and easiest methods is to direct users to fake pages and sites to make transactions. When users carefully check the address of the sites, platforms and services they refer to for buying and selling NFTs, they will avoid entering the pages created for fraud, which is why they keep their NFTs safe.


Protection against viruses

To keep NFT safe from viruses, one of the most important things you should do is to avoid downloading suspicious programs and files from unreliable sources. Files sent peer-to-peer by P2P services can be prime destinations for viruses to run on victims' systems; Therefore, to maintain NFT security, it is better to pay more attention to the security of the files you download from different sources.


Identification of fake links in emails

Sending fake links is another method used by fraudsters to steal NFT. These messages are usually sent via email, Telegram, Twitter and various social networks. The best thing you can do to avoid these types of scams is to identify them and avoid clicking on fake links.

In summary


Using hardware wallets and knowing the methods that fraudsters use to steal NFTs will help keep NFTs safe. NFTs are tokens that are highly secure in themselves; Therefore, users and investors can safely maintain their digital assets by following the points I mentioned in this post.

This was the result of all my research and knowledge on the subject. What is your opinion? Want to add more tips to this post? Have you ever encountered this problem? How did you feel?

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