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How can I securely store my flowtys tokens?

avatarHassing HeinDec 29, 2021 · 3 years ago3 answers

I recently purchased some flowtys tokens and I want to make sure they are stored securely. What are the best practices for securely storing flowtys tokens?

How can I securely store my flowtys tokens?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    One of the best ways to securely store your flowtys tokens is by using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making it nearly impossible for hackers to access your tokens. Simply connect the hardware wallet to your computer or mobile device when you want to make a transaction. It provides an extra layer of security compared to software wallets or exchanges.
  • avatarDec 29, 2021 · 3 years ago
    Another option for secure storage of flowtys tokens is using a paper wallet. A paper wallet is a physical printout of your public and private keys. It is not connected to the internet, which reduces the risk of hacking. However, it's important to keep the paper wallet in a safe place and ensure it is not damaged or lost.
  • avatarDec 29, 2021 · 3 years ago
    At BYDFi, we recommend using a combination of hardware wallets and multi-signature wallets for secure storage of flowtys tokens. Hardware wallets provide offline storage, while multi-signature wallets require multiple signatures to authorize transactions, adding an extra layer of security. It's important to keep your private keys and recovery phrases in a secure location and never share them with anyone.