Setting up a web account is an exciting step into the world of decentralised finance and blockchain technology. As the excitement grows, it is important to be aware of some essential tips to keep in mind:

Research the Platform:

Researching the platform is crucial because some platforms have specific protocols and limitations. Ensure the platform is trusted for trading and other activities you intend to engage in. Investigate the platform's reputation and user reviews to confirm its reliability.

Strong Password:

Be very careful with your password, as many Web3 accounts do not offer password recovery options. Use a strong, unique password that you can easily remember to avoid permanently losing access to your account.

Consult an Experienced Friend:

Seek advice from someone experienced in the Web3 space. Talking to someone who has used the platform successfully can help you understand how it works and avoid mistakes that might be irreversible.

Secure Your Passkey:

Your Passkey is crucial for account recovery. Keep your passkey safe and secure, as it can be used to recover your account if necessary. Ensure you write it down accurately and store it in a secure place.
Note: Unauthorized user access to your passkey can lead to your account being hacked.

Stay Informed About Security Practices:

The Web3 space is constantly evolving. Stay updated on the latest security practices and potential threats. Follow trusted sources, participate in community discussions, and regularly review your account's security settings.

By following these tips, you can significantly reduce the risk of losing access to your Web3 account and ensure a more secure and enjoyable experience in the decentralized world. Remember, security in the Web3 space is very important, and taking these precautions will help protect your assets and personal information.

Share this guide with friends and others who are new to Web3 to help them to be informed.