DeFi Education5 min read
DeFi Security Best Practices: Protecting Your Crypto Assets
Essential security practices every DeFi user should follow to protect their funds from hacks, scams, and phishing.
Why Security Matters
In DeFi, you are your own bank. There is no customer support to call if you get hacked. Following security best practices is essential for protecting your assets.
Wallet Security
- Never share your seed phrase — no legitimate service will ever ask for it
- Use a hardware wallet for significant holdings
- Create separate wallets for different risk levels (trading, savings, degen)
- Revoke token approvals regularly using tools like Revoke.cash
Transaction Security
- Verify contract addresses before interacting with any protocol
- Check transaction details in your wallet before signing
- Be cautious of unlimited approvals — set specific amounts when possible
- Use reputable interfaces — bookmark official sites, don't click random links
Common Scams to Avoid
- Phishing sites: Fake websites mimicking real protocols
- Airdrop scams: Unsolicited tokens in your wallet that lead to malicious contracts
- Rug pulls: New projects that drain funds after attracting deposits
- Social engineering: Impersonators in Discord/Telegram offering "support"
Alkizen Security
Alkizen uses wallet-based auth (SIWE), never holds custody of your funds, and routes through audited infrastructure via Relay.