OpenSea has become one of the most popular NFT marketplaces out there today, with a huge range of collections to choose from. This platform also offers a range of other features, such as minting, making it a one-stop shop for all things NFT.
But it’s important that you know how to keep your OpenSea account secure so that your assets don’t fall into the wrong hands. So, what can you do to protect your OpenSea account?
Pre-Existing Security Measures
It’s worth noting that OpenSea is already making an effort towards keeping you safe on the platform. In June 2022, OpenSea added a new feature to its platform to tackle NFT scams.
The platform announced on Twitter that it would be launching this feature to further align with its focus on “truth & safety”.
This feature is designed to hide suspicious NFT transfers from OpenSea users. OpenSea stated that malicious actors were using NFT transfers to tempt users into viewing an NFT listing that contains links to dangerous websites. This links to phishing, a scam that involves the use of malicious websites for data theft. Phishing is widely used in crypto crime, with NFTs being no exception to this.
In this case, scammers can use malicious websites within transfers to steal vital data from victims, which, in turn, can give them access to wallets. From here, the attacker can steal the assets stored within the victim’s wallet.
OpenSea stated in the same blog post that users would be periodically notified of hidden transfers via a banner on the Collected tab.
How to Keep Your OpenSea NFT Account Secure
But there are other ways through which you can secure your OpenSea assets on your own. So how else can you keep your OpenSea account safe?
1. Use a Highly Complex Password
It can be tempting to use the same password repeatedly for all of your accounts. After all, this keeps things simple and convenient for you. But this is a crucial mistake, as cybercriminals will sometimes try your passwords out on other accounts once they gain one set of your login credentials.
When it comes to your digital assets, it’s key that you protect them as much as possible. This is why you need to choose a unique and complex password for the wallet you connect to your OpenSea account.
When you sign up for an OpenSea account, you’ll need to collect some kind of crypto wallet to it, such as Trust Wallet or Exodus. Once you’ve done this, the profits you collect on OpenSea will be stored in your wallet. Because OpenSea is connected to your wallet in this way, it’s important that you protect your wallet with a strong password to prevent cybercriminals from stealing your funds.
You should also never share your recovery seed phrase for your wallet. This should be kept private at all times, and should also be stored securely. The same goes for your wallet password. Do not store such information in an online setting, as this makes it that much easier to steal. Instead, consider using an offline method, such as a flash drive, steel capsule (such as Ledger’s CryptoSteel), or even a piece of paper. Physical storage options should be kept extra safe in a hidden location.
2. Never Open Suspicious Links
Cybercriminals use phishing sites to steal information from victims. These malicious sites are often spread via links on email, social media messages, or SMS. Scammers have already mastered the art of impersonation online, with victims being tricked into divulging sensitive information to attackers while believing they are dealing with an official organization.
Attackers have been known to impersonate OpenSea staff to steal login credentials from users. This is usually done via email, wherein the malicious actor will tell the target that they need to log into their OpenSea account in order to solve an issue or complete an action. Persuasive language will often be used in these communications to push the victim into complying.
The attacker will supply the victim with a link, which they claim will lead them to the OpenSea login page. However, in reality, this is a malicious site designed to steal your login credentials (even if it looks real). Once you enter your login information, the attacker will be able to retrieve it and use it to log into your account. From here, they can steal your NFTs and profits, and even lock you out of your account.
So, if you ever get a message from OpenSea that provides a link, run it through a link-checking website before clicking. Or you can simply search for the official OpenSea login page on your browser so that you know you’re logging in on the legitimate site.
3. Choose a Reliable Wallet
Because your OpenSea account will be directly connected to your crypto wallet, it’s important that you choose a reputable wallet provider to prevent your assets from being stolen. There are now many reputable crypto wallets out there to choose from, such as MetaMask, Trust Wallet, and Phantom.
However, you should note that you can’t connect just any wallet to OpenSea. There’s a list of software wallets supported by the platform, including the three mentioned above. Other examples include Coinbase Wallet, Venly, and Bitski.
If you already have a wallet with a trusted provider that is supported by OpenSea, then you’re good to go. But if you have not yet chosen a wallet, it’s always best to do a little research into the security features offered by each to see which can protect your assets most effectively. Multi-signature, seed phrases, PINs, biometric scanning, and other features can all be useful in adding an extra layer of security to your wallet, and therefore your assets.
Keeping Your OpenSea Account Secure Is Paramount
When it comes to crypto and NFTs, it’s vitally important that you keep your accounts safe, as cybercrime is now worryingly rife in these industries. To protect your NFTs and other digital assets, try some of the tips above so that your OpenSea account and connected wallet remain secure.