How can I securely store my minted crypto?

3 answers

• Dec 27, 2021 · 3 years ago
  One of the best practices for securely storing minted crypto is to use a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making it nearly impossible for hackers to access your crypto. They often have built-in security features such as PIN codes and encryption to further protect your assets. Additionally, you should consider using a strong and unique password for your wallet and enabling two-factor authentication for an extra layer of security.
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• Dec 27, 2021 · 3 years ago
  When it comes to securely storing minted crypto, you can also consider using a paper wallet. A paper wallet is a physical printout of your private keys and public address. It is not connected to the internet, which makes it highly secure against online threats. However, you need to ensure that you keep the paper wallet in a safe and secure location to prevent physical theft or damage. It's also important to note that paper wallets are not as convenient for frequent transactions compared to hardware wallets.
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• Dec 27, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of hardware wallets and secure online wallets for storing minted crypto. Hardware wallets provide the highest level of security, while online wallets offer convenience for everyday use. It's important to choose reputable wallet providers and regularly update your wallet software to ensure the latest security patches are applied. Remember to always keep your private keys and recovery phrases in a safe place and never share them with anyone.
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