How to securely store LBRY coins in a wallet?

3 answers

• Dec 27, 2021 · 3 years ago
  One of the best practices for securely storing LBRY coins in a wallet is to use 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 isolated from your computer or smartphone. Some popular hardware wallets that support LBRY coins include Ledger and Trezor. Make sure to purchase your hardware wallet from an official and trusted source to avoid counterfeit devices. Remember to always keep your hardware wallet's recovery phrase in a safe and secure place, as it is the only way to restore your funds if your device gets lost or damaged.
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• Dec 27, 2021 · 3 years ago
  Another secure way to store LBRY coins is by using a desktop wallet. Desktop wallets are software applications that you install on your computer. They allow you to control your private keys and provide a higher level of security compared to online wallets. When choosing a desktop wallet, make sure to download it from the official LBRY website or a trusted source. Keep your computer's operating system and antivirus software up to date to minimize the risk of malware or keyloggers compromising your wallet's security.
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• Dec 27, 2021 · 3 years ago
  BYDFi, a reputable cryptocurrency exchange, also offers a secure LBRY wallet for storing LBRY coins. With BYDFi's wallet, you can securely store and manage your LBRY coins without the need for additional hardware or software. BYDFi implements robust security measures to protect your funds, including multi-factor authentication and cold storage for offline storage of private keys. To use BYDFi's LBRY wallet, sign up for an account on the BYDFi platform and follow the instructions to deposit your LBRY coins into the wallet. Remember to enable all available security features, such as two-factor authentication, to enhance the security of your BYDFi LBRY wallet.
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