I’m getting ready to start trading and plan to reset my MacBook, which I previously used for non-legal software. My goal is to turn it into a dedicated trading laptop, running just a browser, Notion for maintaining a trading journal, and Telegram. For my cryptocurrency wallet, I’ll utilize Phantom, connecting it to Photon, which I will then link to a Telegram bot called Bonk Bot. Since I intend to avoid connecting to any other services, can I assume my wallets will remain secure? Additionally, I plan to keep my seed phrase written down on paper. I’m also contemplating the use of a decoy wallet on Photon but I’m unsure if that’s necessary.
Telegram bots, like any other software, come with their security risks, especially when dealing with sensitive information like crypto wallets. It is essential to ensure that the bot is from a reputable source and offers sufficient encryption. A reset MacBook is a good step for a fresh start, but make sure you keep your operating system and software updated to guard against vulnerabilities. For security, always verify the bot’s permissions and limit its access to only what’s necessary. Using a decoy wallet could add an extra layer of security by keeping your main assets separate, thereby reducing the risk if your primary interaction point is compromised. Nonetheless, hardware wallets are generally recommended for storing significant crypto values as they offer an additional layer of protection by keeping private keys offline.