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How can I safely store and secure my pawgo tokens?

avatarscaredcatDec 26, 2021 · 3 years ago3 answers

I recently purchased some pawgo tokens and I want to make sure they are stored and secured properly. What are the best practices for safely storing and securing my pawgo tokens?

How can I safely store and secure my pawgo tokens?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    One of the best ways to safely store and secure your pawgo tokens is by using a hardware wallet. Hardware wallets are physical devices that store your tokens offline, making them less susceptible to hacking or theft. Simply connect the hardware wallet to your computer or mobile device when you need to make a transaction. It's important to choose a reputable hardware wallet brand and follow the instructions for setup and backup to ensure the security of your tokens.
  • avatarDec 26, 2021 · 3 years ago
    Another option for storing and securing your pawgo tokens is by using a software wallet. Software wallets are applications that you can install on your computer or mobile device. Make sure to choose a wallet that has a strong security track record and offers features like two-factor authentication and encryption. Remember to regularly update your wallet software and backup your wallet's private keys in a secure location.
  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we recommend using a combination of hardware and software wallets for storing and securing your pawgo tokens. By keeping the majority of your tokens in a hardware wallet and using a software wallet for smaller, more frequent transactions, you can minimize the risk of loss or theft. Remember to always keep your wallet software and firmware up to date, and never share your private keys or recovery phrases with anyone.