How can I securely store Monero?

3 answers

• Dec 28, 2021 · 3 years ago
  One of the best methods to securely store Monero is by using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them less vulnerable to hacking or malware attacks. They provide an extra layer of security by keeping your private keys separate from your computer or smartphone. Some popular hardware wallets for Monero include Ledger Nano S and Trezor.
  401201
• Dec 28, 2021 · 3 years ago
  Another secure method to store Monero is by using a paper wallet. A paper wallet is a physical printout of your Monero public and private keys. It is generated offline and can be stored in a safe place, such as a bank vault. However, it's important to keep the paper wallet safe from physical damage or loss, as it is the only copy of your keys. Additionally, make sure to generate the paper wallet from a trusted source and in a secure environment.
  449150
• Dec 28, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of hardware wallets and multi-signature wallets for secure Monero storage. Hardware wallets provide offline storage for your private keys, while multi-signature wallets require multiple signatures to authorize transactions, adding an extra layer of security. It's important to choose reputable wallets and follow best practices for secure storage, such as regularly updating your wallet software and keeping your private keys offline and secure.
  488122