When dealing with substantial amounts of cryptocurrency, it’s crucial to adhere to certain principles to ensure the safety and security of your digital assets:

1. Never keep cryptocurrencies on an exchange that you’re not willing to lose: It’s a fundamental rule to avoid storing large amounts of cryptocurrency on any exchange platform. These platforms are susceptible to hacking and unforeseen issues, putting your assets at risk. Only keep on exchanges what you are comfortable with potentially losing.

2. Prioritize “cold storage” (offline): Opt for cold storage solutions, keeping your wallets offline whenever possible. This involves writing down your recovery phrases of 12 to 24 words on separate sheets of paper, ensuring they are not stored digitally. This strategy minimizes the exposure of your assets to online threats.

3. Write down your recovery phrases on separate sheets: When setting up your wallet, note down the recovery phrases on physical sheets of paper. These phrases act as the key to accessing your cryptocurrency and must be kept secure and separate from your digital devices.

4. Keep your wallets offline in secure locations: Safeguard your offline wallets in secure and confidential locations. This adds an extra layer of protection against potential physical theft or unauthorized access.

5. Avoid publicly discussing your gains on social networks: Maintain a low profile regarding your cryptocurrency holdings. Avoid discussing specific amounts, holdings, or transactions on social media platforms. This helps minimize the risk of attracting attention from malicious actors who may target you for potential scams or theft.

By adhering to these principles, you can significantly enhance the security of your cryptocurrency holdings, especially when dealing with substantial amounts.