The decentralized world comes with unprecedented freedom — and unprecedented risks. Smart contract exploits drained over $3.8 billion in 2022 alone, with new attack vectors emerging constantly.
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This is where burner wallets become your first line of defense in the Web3 ecosystem.
A burner wallet is a disposable crypto account with these key characteristics:
- Temporary by design: Created for single or limited use cases
- Complete separation: Unique public/private key pair isolated from main holdings
- Controlled exposure: Only contains funds needed for specific transactions
When testing new platforms:
- 72% of DeFi hacks occur on unaudited protocols
- Limits exposure when minting NFTs or using experimental…