For the love of your crypto, start using multiple wallets!

It keeps baffling me that people are storing all of their crypto wealth in the same wallet that they actively use to sign contracts with and trade with. Posts about people losing money equivalent to a whole years salary because they have been accumulating crypto into the same wallet they play around with are popping up almost daily.

Please just physically separate your crypto wealth from your ‘playing money’. You don’t go to the club or casino with all of your wealth stashed inside your back pocket expecting nothing to go wrong, but you still do this with your crypto.

My advice is to get a hardware wallet to use as your ‘storage’, store it somewhere save and only connect it to the DAP’s and exchanges you know you can trust and have successfully connected with before. Get a second hardware wallet, smart wallet, or even hot wallet for the money you want to play with and which won’t hurt too much if you lost it. If you want to use money from your ‘storage’ wallet, then first send the money from that wallet to your ‘play’ wallet and then connect that one. If you accidentally sign a corrupt contract, then your ‘storage’ wallet will still be safe. But also always read what you’re signing for and check the addresses and amounts in the signing contract!