How can I safely store my CEXY tokens?

3 answers

• Jan 28, 2022 · 3 years ago
  One of the safest ways to store your CEXY tokens is by using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them less susceptible to hacking or online threats. Some popular hardware wallets that support CEXY tokens include Ledger and Trezor. Simply connect the hardware wallet to your computer or mobile device, follow the setup instructions, and transfer your CEXY tokens to the wallet's address. Remember to keep your hardware wallet and recovery phrase in a secure location.
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• Jan 28, 2022 · 3 years ago
  If you prefer a software-based solution, you can use a desktop or mobile wallet that supports CEXY tokens. Make sure to choose a reputable wallet with a strong track record of security. Look for wallets that offer features like two-factor authentication, encryption, and regular software updates. It's also important to keep your operating system and wallet software up to date to protect against potential vulnerabilities. Remember to backup your wallet's private keys or recovery phrase and store them securely in case of device loss or failure.
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• Jan 28, 2022 · 3 years ago
  At BYDFi, we recommend using a combination of hardware and software wallets for optimal security. By storing a portion of your CEXY tokens in a hardware wallet and the rest in a software wallet, you can benefit from the offline storage provided by hardware wallets while still enjoying the convenience of software wallets for regular transactions. Remember to follow best practices for both types of wallets and regularly review and update your security measures to stay protected.
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