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How can I securely store my prax tokens?

avatarNedas GendrolisDec 28, 2021 · 3 years ago3 answers

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

How can I securely store my prax tokens?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    One of the best ways to securely store your prax tokens is by using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making it extremely difficult for hackers to access your tokens. They provide an extra layer of security compared to software wallets or exchanges. Make sure to choose a reputable hardware wallet brand and follow the instructions carefully to set it up and backup your recovery phrase.
  • avatarDec 28, 2021 · 3 years ago
    Another option for securely storing your prax tokens is by 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 greatly reduces the risk of hacking. However, it's important to keep your paper wallet in a safe and secure location, as losing it can result in permanent loss of your tokens.
  • avatarDec 28, 2021 · 3 years ago
    At BYDFi, we offer a secure storage solution for prax tokens. Our platform utilizes advanced encryption techniques to protect your tokens from unauthorized access. We also provide multi-factor authentication and regular security audits to ensure the highest level of security. You can trust BYDFi to keep your prax tokens safe and secure.