Gate Wallet asset security assurance mechanism

Gate Wallet ensures the security of user assets from three core aspects, including:

• One-click Cloud Backup: When users change devices, they can restore all data simply by entering their password, effectively addressing the risk of asset loss caused by the loss or忘记助记词/私钥.
• Wallet password protection: The wallet password is stored locally in a non-plaintext manner, with encryption and decryption performed independently on the front-end and back-end, while also using HTTPS and ECDH key exchange algorithms to ensure the security of data transmission.
• Signature Security Assurance: Relevant details are displayed in real-time during signature login, authorization, and contract interaction, ensuring “what you see is what you sign,” helping users determine whether the transaction content meets expectations.

The security design of the wallet password

The password system of the Gate Wallet employs multiple security mechanisms, including:

• Passwords are stored in a non-plaintext format on local devices.
• Adopt a front-end and back-end separation encryption and decryption process to increase the difficulty of attacks.
• With the HTTPS communication protocol and ECDH key agreement algorithm, further ensuring the security of user data during transmission.

The correct way to use the Gate Wallet

Gate is an EOA (Externally Owned Account) Wallet, which is a mnemonic wallet controlled by a private key. Only users who hold the private key can operate the Wallet. The usage recommendations are as follows:

• When creating a Wallet, be sure to complete the cloud backup and properly keep the mnemonic phrase.
• Avoid saving your mnemonic phrase on your phone or computer by taking screenshots or photos; it is recommended to back it up by writing it down or storing it on a USB drive.
• Never disclose your private key, mnemonic phrase, wallet password, or Keystore file information to anyone.
• Gate official staff will not request the above information from users in any form.
• Gate Wallet supports connecting to Ledger hardware wallets via Bluetooth or USB, allowing users to switch between hot and cold wallets, balancing asset security and ease of use.

Daily Use Instructions and Risk Prevention

To ensure the security of your assets and user experience, please pay attention to the following points:

1. Handle risk tokens and NFTs with caution.
Gate Wallet will automatically identify the contract addresses of tokens and NFTs, marking unverified risk projects. Users are advised to exercise caution regarding such assets to avoid trading in risky assets.

2. Beware of the trading risks of low-rated DApps.
The Gate DApps rating mechanism is based on a comprehensive score derived from the number of users and transaction data. It is recommended to exercise caution when authorizing and operating low-scoring DApps.

3. Avoid authorizing excessive transaction amounts
When trading, the Gate Wallet clearly displays the details of the signed authorization and the transaction amount. Users are advised to authorize only the amount needed for the current transaction each time to reduce financial risk. If any authorized tokens are found to have risks, please cancel the authorization immediately.

To learn more about the Gate Wallet, visit now:https://www.gate.com/web3