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How can I securely store my Arkum tokens?

avatarJainerDec 29, 2021 · 3 years ago3 answers

I recently purchased some Arkum tokens and I want to ensure their security. What are the best ways to securely store my Arkum tokens?

How can I securely store my Arkum tokens?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    One of the best ways to securely store your Arkum tokens is by using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them less vulnerable to hacking or online attacks. Examples of popular hardware wallets include Ledger Nano S and Trezor. These wallets provide an extra layer of security by keeping your private keys isolated from your computer or smartphone. Make sure to purchase your hardware wallet from a reputable source and follow the manufacturer's instructions for setting it up and using it securely.
  • avatarDec 29, 2021 · 3 years ago
    Another option for securely storing your Arkum tokens is by using a paper wallet. A paper wallet is a physical printout of your public and private keys. It is generated offline and can be stored in a secure location, such as a safe or a safety deposit box. However, it's important to keep in mind that paper wallets can be easily damaged or lost, so it's crucial to make multiple copies and store them in different secure locations. Additionally, be cautious when generating a paper wallet online and ensure that you are using a trusted and secure website.
  • avatarDec 29, 2021 · 3 years ago
    At BYDFi, we recommend using a combination of hardware wallets and secure online wallets for storing your Arkum tokens. Hardware wallets provide the highest level of security, while online wallets offer convenience for accessing your tokens. When using an online wallet, make sure to choose a reputable platform with strong security measures in place, such as two-factor authentication and encryption. It's also important to regularly update your wallet software and keep your devices protected with up-to-date antivirus software. Remember to never share your private keys or wallet recovery phrases with anyone and be cautious of phishing attempts or suspicious links.