If you step into crypto without understanding anything about it, sooner or later, you will lose money. We often say, "Wealth is not for the majority; if everyone wins, who will lose?" And the issue that seems very simple but is actually very, very important, it is like the survival of crypto, which is the issue of "Security."
1. Losing your private key/seed phrase: you will lose money permanently because there is no support for refunds, so you need to keep your private key/seed phrase safe and avoid storing it online.
2. Fake links and malware: you just need to click and sign the wallet and hackers will take control of your wallet and you will lose money.
3. Wrong delivery: you cannot retrieve it if you mistakenly send assets on dex, on cex you can ask the support team to recover it (depending on the mechanism of each exchange).
This is one of the security risks when you participate in the crypto market, you must understand how it operates, you must know how to protect your assets, as there are people who have lost everything due to the always-present security risks.
Currently, instead of storing in hot wallets, large investors often store in cold wallets to ensure the safety of their assets.
