Risk: Loss of Access
Forgetting passwords or secret phrases can result in the loss of funds stored in various centralized exchange accounts and digital cryptocurrency wallets.
Measures to Reduce Risks:
Never share your 12-word seed phrase or private keys.
Safely store your 12-word seed phrase on paper or in an external document.
Develop a personalized coding method for your access credentials.
Memorize your coding method to enhance security.