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Q&A about Gate Web3 Wallet Security

2024-03-01 UTC
23290 Read
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Q: Is it safe to keep my assets in the Gate Web3 Wallet?

A: Safety is an important aspect of the Gate Web3 Wallet. The Gate Web3 Wallet protects user asset security from three aspects: cloud backup, wallet password, and signature authorization:

1.One-click cloud backup: When a user changes to a new device, entering a password can restore all data, solving the problem of asset loss caused by lost or forgotten mnemonic phrases/private keys that trouble users.

2.The wallet password adopts a non-plaintext local storage method and is independently encrypted and decrypted at the front and back ends. Meanwhile, HTTPS and ECDH key negotiation algorithms are used to ensure data security during communication.

3.Signature login, authorization, and futures interaction security protection, real-time display of relevant details of the required signature. Support "sign as you see" to help users determine whether transactions meet expectations.

Q: How does the Gate Web3 Wallet protect users’ wallet password security?

A: The wallet passwords of Gate Web3 Wallet users adopt a non-plaintext local storage method, and are independently encrypted and decrypted at the front and back ends to prevent malicious vulnerability theft to the greatest extent possible. Meanwhile, the Gate Web3 Wallet adopts HTTPS and ECDH key negotiation algorithms to ensure data security during communication.

Q: How to use the Gate Web3 Wallet correctly?

A: Gate Web3 is an EOA wallet (mnemonic phrases wallet), currently the most mainstream and popular form of wallet on the market. The EOA wallet is controlled by a private key, and only those who have the private key can operate their EOA wallet.

When creating a Gate Web3 Wallet, it is strongly recommended that you perform cloud backup and backup your mnemonic phrases before safekeeping them properly (try to avoid using screenshots/photos to save them in your phone album or local computer, and it is recommended that you manually copy mnemonic phrases or backup and save mnemonic phrases to a USB drive). Mnemonic phrases are the only voucher that can restore wallet assets. Please do not disclose private keys, mnemonic phrases, wallet passwords or Keystore file information to anyone. Gate Web3 officials will not request mnemonic phrases, private keys or other information from you in any form.

The Gate Web3 Wallet also supports connecting to the Ledger hardware wallet through Bluetooth or USB, allowing users to switch between hot and cold wallets freely, improving wallet security while conveniently managing assets.

Q: What should I pay attention to when using the Gate Web3 Wallet on a daily basis?

A:

  1. Tokens & NFTs with risks should be traded with caution

The Gate Web3 Wallet will automatically detect futures addresses of tokens and NFTs and mark non-authenticated risky tokens and risky NFTs for users. For risky tokens and risky NFTs, it is recommended that users trade with caution.

2.DApps with low ratings should be traded with caution

The Gate-DApps rating is based on a comprehensive rating of DApp users and DApp trading data. For DApps with low ratings, it is recommended that users be cautious in authorizing transactions.

3.The number of authorized transactions should be limited

When users make transactions, the Gate Web3 Wallet will display signature authorization details and inquire about the number of authorized transactions. It is recommended that users only authorize the quantity to be traded each time, which can effectively avoid increasing capital risk exposure due to unlimited authorization. Meanwhile, if authorized tokens are at risk, please cancel the authorization promptly.

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