[For newbie] Coin98 Wallet Guide: How to secure it

by GameAZ
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Putting a large amount of money into the market makes investors take a long time to learn how to use it. However, a large number of investors underestimate the importance of Coin98 wallet security; there have been cases of losing money when security is poor. Let’s also use GameAZ secure Coin98 Wallet.

1. Coin98 wallet overview

Coin98 Wallet is a non-custodial cryptocurrency wallet used to manage, store, trade, and swap multi-chain, multi-source digital assets. Currently, Coin98 wallet supports all tokens BTC, ETH, TOMO, Tron, Binance Smart Chain, Solana, Polkadot, Kusama, Near, Huobi ECO Chain, Avalanche, Binance Chain, Celo, AVAX (X-Chain), Polygon, Cosmos, ThorChain, Terra, Band, Kava, Fantom. Coin98 wallet has both Mobile App and Extension versions, becoming a gateway to connect users closer to the DeFi world.

2. Introducing security features on Coin98 wallet

Wallet security will reduce the risk of wallet theft, this layer of protection includes:

  • Pin code
  • Biometric authentication

Every time a user accesses or makes a transaction on the Coin98 wallet, these two features will immediately activate, this protection helps users feel more secure when using the wallet.

Security settings on Coin98 wallet

  • First: Go to Coin98 wallet > go to your personal page > select Settings.
  • Step 2: Select Security Settings.
  • Step 3: Set PIN> Click to select Install FaceID or Fingerprint (if your phone supports these features).

After completing the installation, the app will automatically enable FaceID/Fingerprint Requirement when opening the wallet and when performing any transaction on the app. If necessary, users can enable “hide wallet address information”.

3. Ways to secure Coin98 Wallet

3.1. Security Settings in Coin98 Wallet

Security Pin and FaceID are layers of asset protection of users on Coin98 wallet, the installation of Pin or FaceID code is not required but GameAZ recommends users to have it to make assets more secure.

After setting the FaceID Pin code, both will be required in the following cases:

Request to withdraw money from wallet

Request to see the Private Key & Passphrase of the wallet

The steps are as follows:

  • Step 1: Open Coin98 Wallet > Settings
  • Step 2: Select Security
  • Step 3: Here, users can choose to install Pin or FaceID

3.2. Turn off biometric authentication

Turning off biological authentication is very simple, users just need to: go to FaceID or Fingerprint settings> enter the Pin code to confirm.

But, to optimize wallet security, users should still enable pin code and FaceID/Fingerprint to avoid unnecessary risks.

3.3. Hide wallet address information

To hide wallet address information, users do the following:

  • Step 1: Select Settings on your profile.
  • Step 2: Tap on security settings.
  • Step 3: Select “Hide wallet address information”.

3.4. Secure Coin98 Wallet by Disconnect the trading asset account

Users select Manage > select the trash can icon in the right corner to disconnect the account from the exchange.

3.5. View property statistics to optimize assets

Users select statistics to be able to see an overview of the portfolio, a list of coins, especially the total value of the user’s assets. From there users can grasp the total value of the property.

Portfolio management is a useful tool that helps limit risks and maximize profits.

3.6. Safe and secure Private Key/Passphare storage

Users often have the habit of taking screenshots, copying Private key/passphare on other applications, these mnemonic methods are not safe for a number of reasons:

Important information stored by photos or saved to other applications, is easy to be tracked, stolen by hackers, or accidentally deleted the wrong code.

Difficult to operate when need code to confirm

Users should use the following:

  • Take notes on a separate sheet of paper > keep it in the safest place
  • Store it in your phone’s note, if you use iPhone, you can use the security lock feature to restrict access
  • It is recommended to back up many things and also keep them in a safe place, if you lose one, you have another to use
  • Do not share Private Key/Passphare with anyone

With a 6 way to secure Coin98 wallet from GameAZ sends to users. Hopes that with the above security, no user will lose their assets.

If you have any questions, comments, recommendations or project ideas, please email: [email protected]

Disclaimer: This website’s content is offered as a general market overview and does not constitute financial advice. GameAZ recommends you to conduct additional research before to investing.

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