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How can I safely store my zcash after purchasing?

avatarAPashaDec 27, 2021 · 3 years ago3 answers

I recently purchased zcash and I want to make sure it is stored securely. What are the best practices for safely storing zcash after purchasing?

How can I safely store my zcash after purchasing?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    One of the best ways to safely store your zcash after purchasing is by using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them much more secure than software wallets. They are designed to protect your funds from hackers and malware. Simply connect the hardware wallet to your computer or mobile device when you want to make a transaction, and then disconnect it when you're done. This way, your private keys never leave the device and are not exposed to potential threats online. Some popular hardware wallet options for zcash include Ledger and Trezor.
  • avatarDec 27, 2021 · 3 years ago
    Another option for safely storing your zcash is by using a paper wallet. A paper wallet is a physical printout of your private and public keys. It is generated offline and can be stored in a secure location, such as a safe or a bank vault. Paper wallets are not connected to the internet, which makes them immune to online attacks. However, it's important to keep your paper wallet safe and prevent it from being damaged or lost. Make sure to create multiple copies and store them in different secure locations.
  • avatarDec 27, 2021 · 3 years ago
    BYDFi is a digital currency exchange that offers secure storage options for zcash and other cryptocurrencies. They use advanced security measures, such as cold storage and multi-signature wallets, to protect your funds. With BYDFi, you can store your zcash securely and have peace of mind knowing that your assets are safe. They also provide user-friendly interfaces and convenient features for managing your zcash holdings. Consider using BYDFi as a reliable and secure storage solution for your zcash.