Current chapter: Chapter 10

Security Guide

Staying Safe on Solana

Learn essential security practices to protect your assets and avoid common scams while using Solana applications.

Staying Safe on Solana

Security is crucial when using Solana. Since you control your own assets directly, you're responsible for keeping them safe. This guide covers the essential security practices every user should know, from protecting your wallet to avoiding common scams.

What You'll Learn

By the end of this chapter, you'll understand:

  • How to protect your wallet and seed phrase
  • Common scams and how to avoid them
  • Best practices for transaction safety
  • Security tools and their uses
  • What to do if something goes wrong

The Golden Rule: Your Seed Phrase

Your seed phrase is the most important thing to protect. It's a set of 12-24 words that can restore your wallet on any device. Think of it as a master key that:

  • Can never be changed
  • Gives complete access to your wallet
  • Should never be shared with anyone

Protecting Your Seed Phrase

DO:

  • Write it on paper (never type it)
  • Store in a secure location
  • Consider multiple copies in different places
  • Use a fireproof safe if possible

DON'T:

  • Screenshot or photograph it
  • Store in email or cloud services
  • Share it with anyone (no exceptions)
  • Enter it on websites

Common Scams to Avoid

Fake Support

Scammers often pretend to be support staff:

  • Real support never DMs first
  • They never ask for your seed phrase
  • Always verify through official channels
  • Be suspicious of unsolicited help

Phishing Websites

Fake sites that steal your information:

  • Always check the URL carefully
  • Look for subtle misspellings
  • Bookmark real sites
  • Use official links only

"Free Money" Scams

If it sounds too good to be true, it is:

  • No legitimate airdrops require seed phrases
  • Be skeptical of guaranteed returns
  • Research before participating
  • Start with tiny amounts when trying new things

Wallet Drainers

Malicious apps that empty wallets:

  • Only connect to verified applications
  • Review transaction requests carefully
  • Disconnect wallet when done
  • Use separate wallets for different activities

Transaction Safety

Before approving any transaction:

  1. Check the recipient address

    • Verify first and last characters
    • Send test amounts for large transfers
    • Save frequently used addresses
  2. Understand what you're signing

    • Read transaction details
    • Look for unusual permissions
    • If confused, don't approve
  3. Verify the source

    • Make sure you initiated the action
    • Check you're on the correct website
    • Be extra careful with new apps

Security Tools

Hot Wallets (Browser/Mobile)

Best for: Daily use, small amounts

  • Convenient for regular transactions
  • Free and easy to set up
  • Keep limited funds here

Hardware Wallets

Best for: Long-term storage, large amounts

  • Maximum security (offline storage)
  • Costs $50-200
  • Worth it for significant holdings

Multi-Signature Wallets

Best for: Shared funds, extra security

  • Requires multiple approvals
  • Good for organizations
  • Prevents single point of failure

Best Practices

Use Multiple Wallets

  • Main wallet: For valuable assets (use hardware wallet)
  • Daily wallet: For regular transactions
  • Test wallet: For trying new applications

Start Small

  • Test new apps with tiny amounts
  • Gradually increase as you gain confidence
  • Never risk more than you can afford to lose

Stay Informed

  • Follow official project accounts
  • Join communities to learn about risks
  • Keep up with security updates
  • Learn from others' experiences

Red Flags to Watch For

Be extremely cautious if you see:

  • Pressure to act quickly
  • Requests for seed phrases
  • Promises of guaranteed profits
  • Broken English or poor grammar
  • Unverifiable team members
  • Too-good-to-be-true offers

If Something Goes Wrong

Immediate Steps

  1. Don't panic - Act quickly but carefully
  2. Move remaining assets - Transfer to a new wallet
  3. Document everything - Screenshots, addresses, amounts
  4. Report the incident - Alert the community
  5. Learn from it - Understand what happened

Where to Get Help

  • Official project Discord/Telegram
  • Solana Foundation resources
  • Community security channels
  • Never trust DMs offering recovery

Building Good Habits

Regular Security Checks

  • Review connected apps monthly
  • Update wallet software
  • Check for security alerts
  • Audit your practices

Before Every Transaction

  • Double-check addresses
  • Verify amounts
  • Understand the action
  • Trust your instincts

Community Safety

  • Share knowledge (not personal details)
  • Report scams you encounter
  • Help newcomers learn safely
  • Support security initiatives

Common Questions

What if I lose my seed phrase?

Without your seed phrase, wallet recovery is impossible. This is why secure backups are critical.

Can transactions be reversed?

No. All Solana transactions are permanent. Always double-check before confirming.

Is it safe to share my wallet address?

Yes, your public wallet address is safe to share for receiving funds. Never share your seed phrase.

How do I know if an app is legitimate?

Check official websites, verified social accounts, audit reports, and community reputation.

Your Security Checklist

  • Seed phrase stored securely offline
  • Using hardware wallet for large amounts
  • Different wallets for different purposes
  • Bookmarked official websites
  • Know how to verify transactions
  • Understand common scam tactics
  • Have a plan if something goes wrong

What's Next

Security might seem overwhelming at first, but it becomes second nature with practice. Start with the basics - secure your seed phrase and be cautious with new applications. As you gain experience, you'll develop good security instincts.

Remember: staying safe on Solana is about being informed and cautious, not paranoid. Take reasonable precautions, learn continuously, and enjoy exploring the ecosystem securely.