Monadswap Docs
  • Introduction 🚀
    • Welcome to Monadswap
    • Overview of Features
  • Getting Started 💳
    • First Time Users
    • Wallet Setup
    • Important Links
    • Video Guides
  • Trading and Liquidity 💸
    • How to Trade
    • Providing Liquidity
    • Staking
  • AI Features 🤖 (COMING SOON)
  • Governance 📊 (COMING SOON)
  • Security 🔒
    • Smart Contract Audits
    • Best Practices for Users
    • AI-Enhanced Security
    • User Education and Resources
  • Developer Guide ⚙️
    • API Access
    • Smart Contract Interaction
    • Building on Top of Monadswap
  • FAQ and Troubleshooting ❓
    • Frequently Asked Questions
    • Troubleshooting
  • Roadmap ➗ (COMING SOON)
  • Contact & Support 📞
    • Getting Help
    • Community Channels
    • Feedback and Suggestions
  • Legal and Compliance 📃
    • Privacy Policy
    • Terms of Service
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  1. Security 🔒

Best Practices for Users

While Monadswap provides a secure platform, users also play a critical role in maintaining their own security. Here are some best practices to help you protect your assets while using Monadswap:

Securing Your Wallet:

  • Use Strong Passwords: Ensure your wallet password is complex and unique to protect against unauthorized access.

  • Use a Multi-Signature Wallet: Consider using a multi-signature wallet. Multi-signature wallets require multiple approvals before transactions can be completed, adding an extra layer of security.

  • Safeguard Your Private Key: Your private key or recovery phrase is crucial to accessing your wallet. Store it in a secure, offline location and never share it with anyone.

Phishing Awareness:

  • Verify URLs: Always ensure you are accessing the official Monadswap website or app. Be cautious of phishing attempts that mimic the platform.

  • Avoid Suspicious Links: Do not click on links from unknown sources, especially in unsolicited emails or messages.

  • Double-Check Transactions: Before confirming any transaction, verify the details, including the recipient address and the amount.

Using Hardware Wallets: For maximum security, consider using a hardware wallet to store your Monad tokens and other digital assets. Hardware wallets provide offline storage, making them less vulnerable to hacks and malware.

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Last updated 9 months ago