How can I protect my bitcoin from being sold by fidelity without my approval?

3 answers

• Dec 27, 2021 · 3 years ago
  To protect your bitcoin from being sold by fidelity without your approval, you can consider using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making it extremely difficult for hackers or unauthorized individuals to access your bitcoin. By keeping your bitcoin offline, you significantly reduce the risk of it being sold without your consent. Additionally, make sure to enable two-factor authentication (2FA) on your fidelity account to add an extra layer of security. This will require you to provide a second form of verification, such as a code sent to your mobile device, before any transactions can be made. Regularly monitoring your fidelity account for any suspicious activity is also crucial in detecting any unauthorized selling of your bitcoin. If you notice any unusual transactions, immediately contact fidelity's customer support for assistance.
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• Dec 27, 2021 · 3 years ago
  Protecting your bitcoin from being sold without your approval is essential in today's digital landscape. One effective way to do this is by using a cold storage wallet. Cold storage wallets keep your private keys offline, away from potential online threats. By storing your bitcoin in a cold storage wallet, fidelity or any other exchange will not have access to your private keys, making it impossible for them to sell your bitcoin without your consent. Another precaution you can take is to regularly review and update your fidelity account security settings. This includes changing your password frequently, enabling two-factor authentication, and setting up email or SMS alerts for any account activity. By staying vigilant and proactive, you can minimize the risk of unauthorized selling of your bitcoin.
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• Dec 27, 2021 · 3 years ago
  At BYDFi, we understand the importance of protecting your bitcoin from unauthorized selling. One way to safeguard your bitcoin is by using a multi-signature wallet. A multi-signature wallet requires multiple signatures or approvals before any transaction can be executed. This means that even if fidelity were to attempt to sell your bitcoin without your approval, they would not be able to do so without the required signatures. Additionally, regularly reviewing your fidelity account activity and setting up alerts for any unusual transactions can help you detect and prevent any unauthorized selling of your bitcoin. If you have any concerns or questions about protecting your bitcoin, feel free to reach out to our support team for assistance.
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