{"id":14890,"date":"2022-04-26T17:54:47","date_gmt":"2022-04-26T12:24:47","guid":{"rendered":"https:\/\/zebpay.com\/?p=14890"},"modified":"2022-04-26T17:54:47","modified_gmt":"2022-04-26T12:24:47","slug":"5-ways-to-protect-your-nfts-from-being-stolen","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/5-ways-to-protect-your-nfts-from-being-stolen","title":{"rendered":"\u00a05 ways to protect your NFTs from being stolen"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/in\/blog\/5-ways-to-protect-your-nfts-from-being-stolen\/#Introduction\" title=\"Introduction\">Introduction<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/in\/blog\/5-ways-to-protect-your-nfts-from-being-stolen\/#So_what_are_the_5_ways_to_protect_your_NFTs_from_being_stolen\" title=\"So what are the 5 ways to protect your NFTs from being stolen?\">So what are the 5 ways to protect your NFTs from being stolen?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zebpay.com\/in\/blog\/5-ways-to-protect-your-nfts-from-being-stolen\/#Hold_on_to_your_important_details\" title=\"Hold on to your important details.\">Hold on to your important details.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zebpay.com\/in\/blog\/5-ways-to-protect-your-nfts-from-being-stolen\/#Be_careful_on_the_internet\" title=\"Be careful on the internet.\">Be careful on the internet.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/zebpay.com\/in\/blog\/5-ways-to-protect-your-nfts-from-being-stolen\/#1_Avoid_Fake_Wallet_Recovery_Sites\" title=\"1. Avoid Fake Wallet Recovery Sites&nbsp;\">1. Avoid Fake Wallet Recovery Sites&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/zebpay.com\/in\/blog\/5-ways-to-protect-your-nfts-from-being-stolen\/#2_Avoid_Fake_Wallet_Browser_Extensions\" title=\"2. Avoid Fake Wallet Browser Extensions\">2. Avoid Fake Wallet Browser Extensions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/zebpay.com\/in\/blog\/5-ways-to-protect-your-nfts-from-being-stolen\/#3_Beware_of_Email_Phishing_Scams\" title=\"3. Beware of Email Phishing Scams\">3. Beware of Email Phishing Scams<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/zebpay.com\/in\/blog\/5-ways-to-protect-your-nfts-from-being-stolen\/#4_Dont_fall_trap_of_fake_giveaways_and_imposters\" title=\"4. Don\u2019t fall trap of fake giveaways and imposters.\">4. Don\u2019t fall trap of fake giveaways and imposters.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/zebpay.com\/in\/blog\/5-ways-to-protect-your-nfts-from-being-stolen\/#5_Use_a_password_manager_and_change_your_passwords_frequently\" title=\"5. Use a password manager and change your passwords frequently\">5. Use a password manager and change your passwords frequently<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/zebpay.com\/in\/blog\/5-ways-to-protect-your-nfts-from-being-stolen\/#6_Use_cold_wallets_especially_for_valuable_assets\" title=\"6. Use cold wallets, especially for valuable assets.\">6. Use cold wallets, especially for valuable assets.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/zebpay.com\/in\/blog\/5-ways-to-protect-your-nfts-from-being-stolen\/#7_Limit_smart_contract_approvals\" title=\"7. Limit smart contract approvals\">7. Limit smart contract approvals<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/zebpay.com\/in\/blog\/5-ways-to-protect-your-nfts-from-being-stolen\/#Parting_Thoughts\" title=\"Parting Thoughts\">Parting Thoughts<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<h1 class=\"wp-block-heading\" id=\"h-introduction\"><span class=\"ez-toc-section\" id=\"Introduction\"><\/span>Introduction<span class=\"ez-toc-section-end\"><\/span><\/h1>\n\n\n\n<p>The unstoppable popularity of NFTs has everyone wondering how they can invest in this unique digital asset. NFTs come with interesting utilities. These could include exclusive access, special discounts and much more!<\/p>\n\n\n\n<p>NFTs thrive on the fact that they are decentralised &#8211; which means that there is no central authority governing the NFT space. That\u2019s not all: there are no intermediaries and everyone is treated as equal. The vulnerability of NFTs being exposed to fraud<\/p>\n\n\n\n<p>Although blockchains provide a high level of security, their immense popularity has also exposed the NFT ecosystem to hackers and frauds. Therefore, investors must gain adequate knowledge before making investments and protect their NFTs from getting hacked or stolen.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-so-what-are-the-5-ways-to-protect-your-nfts-from-being-stolen\"><span class=\"ez-toc-section\" id=\"So_what_are_the_5_ways_to_protect_your_NFTs_from_being_stolen\"><\/span><strong>So what are the 5 ways to protect your NFTs from being stolen?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Here are they:<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Hold_on_to_your_important_details\"><\/span><strong>Hold on to your important details.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A secret recovery phrase to recover the password is also known as the private key. This is typically a string of 12 to 24 words that can give users full control of their crypto wallet. Your crypto wallet contains all your crypto assets. The seed phrase is a mnemonic version of the private key. No one needs to know this private key under any circumstances. Therefore, keep this extremely safe and never share it with anyone.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Be_careful_on_the_internet\"><\/span><strong>Be careful on the internet.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Now that you know that you shouldn\u2019t ever share your private key, here are many circumstances you might face on the internet that you need to be wary of to avoid accidentally divulging too many details that could lead your NFTs from being hacked.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Avoid_Fake_Wallet_Recovery_Sites\"><\/span>1. Avoid Fake Wallet Recovery Sites&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Forgetting passwords could cause a lot of panic and distress to users. Some fake wallet recovery sites try to take advantage of this vulnerability and ask you questions that could lead to you disclosing the seed phrase or the private key. They could also gather hints to help them gain access to your crypto wallet. Avoid fake wallet recovery sites by sticking to the main site of the crypto wallet instead of approaching someone from an internet search. Always create your crypto wallet with trustworthy sites.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Avoid_Fake_Wallet_Browser_Extensions\"><\/span>2. Avoid Fake Wallet Browser Extensions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Wallets often use a browser extension to provide a seamless experience to the users. This is used to connect with various blockchains and authorise transactions. You can download the extension from the company\u2019s official website. However, some hackers create fake extensions with very similar names, and if you use them, you\u2019ll give them access to your crypto wallet. Therefore, be extremely careful and cross-check before downloading an extension.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Beware_of_Email_Phishing_Scams\"><\/span>3. Beware of Email Phishing Scams<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If you store your private key in a folder on your computer or mobile device, you could be prone to email phishing scams. Hackers send you attractive links through ads that seem very harmless. Through these links, they target the most obvious places where users might have stored their private keys unprotected.<\/p>\n\n\n\n<p>To protect your NFTs and other crypto assets, make it a thumb rule to never store your private key or seed phrase on your devices.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Dont_fall_trap_of_fake_giveaways_and_imposters\"><\/span>4. Don\u2019t fall trap of fake giveaways and imposters.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Hackers could impersonate admin staff or discord channel mods. Fake minting sites could promise better returns and lower transaction fees. Giveaways could lure people in with freebies. They could also get a large crowd to support their claim to show how genuine they are.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Use_a_password_manager_and_change_your_passwords_frequently\"><\/span>5. Use a password manager and change your passwords frequently<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Password Managers create different passwords for different platforms, a habit all investors must maintain. Also, by changing passwords frequently, you can be less susceptible to crypto or NFT theft. Never use the same password across multiple platforms.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_Use_cold_wallets_especially_for_valuable_assets\"><\/span>6. Use cold wallets, especially for valuable assets.<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Cold wallets are not connected to the internet, which makes them safer than most other ways. Since the cold wallets are either offline or physical storage methods like external drives, hackers will need to gain physical access to the cold wallet to steal the crypto assets. This adds another layer of security to protect your <a href=\"https:\/\/zebpay.com\/blog\/an-introduction-to-nfts\/\" target=\"_blank\" rel=\"noreferrer noopener\">NFTs<\/a>.<\/p>\n\n\n\n<p>Air-gapped computers can also be used as cold wallets. These are computers that have never been connected to the internet before.<\/p>\n\n\n\n<p>ZebPay uses the hardware security module (HSM) on air-gapped machines as cold wallets to store 98% of the cryptos owned by the users, trusting ZebPay as their go-to cryptocurrency exchange. These machines are then stored in different cities and countries, adding an extra layer of security.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_Limit_smart_contract_approvals\"><\/span>7. Limit smart contract approvals<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Customise your wallet by frequently reviewing spending limits and setting a limit for each currency for the transactions.&nbsp;<\/p>\n\n\n\n<p>Enable 2-factor authentication (2FA) for all your apps that don\u2019t rely solely on SMS authorisations since your device could be vulnerable to external attacks. A hardware-based 2FA works best for high-level security.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-parting-thoughts\"><span class=\"ez-toc-section\" id=\"Parting_Thoughts\"><\/span>Parting Thoughts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Investors have the opportunity to make the most of NFTs and maintain a safe experience if they are careful enough. <a href=\"https:\/\/zebpay.com\/in\/\" target=\"_blank\" rel=\"noreferrer noopener\">ZebPay<\/a> understands the need to have stringent security controls to offer its users the safest transacting experience. Join ZebPay today!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction The unstoppable popularity of NFTs has everyone wondering how they can invest in this unique digital asset. NFTs come with interesting utilities. These could include exclusive access, special discounts and much more! NFTs thrive on the fact that they are decentralised &#8211; which means that there is no central authority governing the NFT space. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12437,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/14890"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=14890"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/14890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/12437"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=14890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=14890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=14890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}