Wallet Set Up
Contributed by @0xbabble
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Contributed by @0xbabble
Last updated
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I’ve spent months testing the best crypto wallet setup. This document outlines what I would recommend to everyone looking to double down on their security.
Warning: this setup is a work in progress and should be used at your own risk. I am not responsible for any hacks you might encounter. I am not paid to promote any of the products mentioned, do not own equities in any of them, and include ZERO affiliate links or discount codes in this article.
The bulk of my assets are stored in custodial wallets (FTX) with 2FA. I’m using a for my Gmail login and for my FTX login.
If you use a security key/authenticator, an attacker will not be able to log into your account even if they learn your passwords.
(or if you’re from the US) is the best crypto exchange on the market to deposit fiat currencies (such as US Dollar) and.
In this case, FTX is my go-to “dump money here” custodian because of their great track record & reputation for securing funds.
Their customer support also gets back in 36-72 hours, which is significantly better than Coinbase or Binance.
Yubikey for 2FA on Google. Buy from official website
Google Authenticator for 2FA on FTX
iOS download link:
The chance for your email, passwords and personal info to be leaked is extremely high. Always create a long password that has never been used before and store it in a password manager. NEVER reuse the same password.
Your browser’s built-in password manager is susceptible to malware attacks via JavaScript. Set it up properly using a standalone manager on all devices.
Some wallets give you a backup file in case of emergencies. Do NOT store this on your computer. Store it in encrypted USB drives. You can get extra ones as backups.
For password manager, I chose 1Password because it’s available on all platforms, has a browser extension, and has tight integration with all websites.
For the hardware wallet, I chose Ledger Nano X because it is battle-tested, supports the most assets, and has okay mobile usability.
Encrypted USB for storing recovery files.
Android download link:
The remainder of my assets is spread across non-custodial wallets (, , , ) for interaction with DeFi products. I’m storing my seed phrases in a password manager and backing up keys in a separate USB thumb drive. Any major transactions are signed via a hardware wallet.
Scammers specialize in tricking you into transactions. Use a hardware wallet to verify transactions, especially if it’s a site you’ve never encountered before.
1Password for generating & storing strong passwords
Ledger Nano X for signing transactions. Buy from official website
I don’t have a particular preference for brands and am using SanDisk currently.
Alternatively, use GridPlus SafeCard for storing keys
