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How can I protect my digital assets during a carnado?

avatarSiddharthDec 25, 2021 · 3 years ago3 answers

I recently heard about the concept of a 'carnado' where a tornado destroys physical infrastructure, including banks and other financial institutions. As someone who holds digital assets like cryptocurrencies, I'm concerned about the safety of my investments during such an event. What measures can I take to protect my digital assets during a carnado?

How can I protect my digital assets during a carnado?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    During a carnado, the physical infrastructure may be severely damaged, making it difficult to access traditional financial institutions. To protect your digital assets, consider storing them in a secure hardware wallet. Hardware wallets are offline devices that store your private keys, making it nearly impossible for hackers to access your funds. By keeping your assets offline, you can ensure their safety even if the internet or power supply is disrupted during a carnado.
  • avatarDec 25, 2021 · 3 years ago
    One way to protect your digital assets during a carnado is to diversify your storage options. Instead of relying solely on a single hardware wallet, consider using multiple wallets or storage solutions. This way, even if one device or service is affected by the carnado, your assets will still be secure in other locations. Additionally, regularly backing up your wallet's recovery phrase or seed is crucial. In the event of a carnado, having a backup will allow you to restore your wallet and access your funds.
  • avatarDec 25, 2021 · 3 years ago
    At BYDFi, we understand the importance of protecting your digital assets during unforeseen events like a carnado. That's why we recommend our users to utilize our secure and decentralized platform. By utilizing decentralized exchanges and smart contracts, you can maintain control over your assets even in the face of a carnado. Our platform prioritizes security and ensures that your funds are protected from any potential disruptions caused by physical infrastructure damage.