This Week in Crypto: Protecting your Crypto

Key Takeaways

• Use the Nexus Ecosystems onboarding at help.truebadger.io or nexus ecosystem.io—it provides personalized pathways based on your device type and crypto experience level, with live coaches available 8am-8pm PST on weekends and 5am-8pm weekdays to help when you get stuck
• Set up a Safufi multi-signature wallet using just two of your own separate wallets with different seed phrases (no need to involve third parties)—this requires only yourself and 2 separate wallet addresses to protect your assets from hacking, costing less than 20 cents in network fees to create
• Before transferring any tokens into a safe, research that token's tokenomics on its website or white paper to understand any swap-in or swap-out fees—tokens like USDT and BUSD have no tax, but others like True Badger have a 10% tax on transactions that you'll pay regardless of the safe
• Deposit tokens to your safe using the deposit page by connecting your wallet, entering the safe address you copied, and approving the transaction first (about 20 cents) before clicking deposit—this process is tax-free for Nexus ecosystem tokens through their built-in apps
• A multi-signature safe protects your assets even if someone hacks your computer or wallet—because both wallet signatures are required to authorize any transaction, hackers cannot empty your account even with full access to one wallet