How can I protect my digital assets from being hacked or stolen?

3 answers

• Dec 26, 2021 · 3 years ago
  One of the most important steps you can take to protect your digital assets is to use a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making it extremely difficult for hackers to access your cryptocurrencies. They provide an extra layer of security compared to software wallets or online exchanges. Make sure to choose a reputable hardware wallet brand and follow the manufacturer's instructions for setting it up and using it securely.
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• Dec 26, 2021 · 3 years ago
  Another essential security measure is to enable two-factor authentication (2FA) on all your cryptocurrency accounts. 2FA adds an extra layer of protection by requiring a second form of verification, usually a code generated by a mobile app or sent to your phone via SMS. This makes it much more difficult for hackers to gain unauthorized access to your accounts, even if they manage to obtain your password.
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• Dec 26, 2021 · 3 years ago
  At BYDFi, we highly recommend using a combination of cold storage and hot wallets for your digital assets. Cold storage refers to storing your cryptocurrencies offline, such as on a hardware wallet or a paper wallet. Hot wallets, on the other hand, are connected to the internet and allow for easier access and transactions. By keeping the majority of your funds in cold storage and only a small amount in hot wallets, you can minimize the risk of losing all your assets in the event of a hack or theft.
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