What are some tips for securely storing my digital assets?

3 answers

• Jan 05, 2022 · 3 years ago
  One of the most important tips for securely storing your digital assets is to use a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them less vulnerable to hacking or online attacks. They provide an extra layer of security by keeping your private keys separate from your computer or smartphone. Some popular hardware wallets include Ledger and Trezor. Make sure to purchase your hardware wallet from a trusted source and follow the manufacturer's instructions for setting it up and using it securely.
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• Jan 05, 2022 · 3 years ago
  Another tip is to enable two-factor authentication (2FA) on all your cryptocurrency accounts. 2FA adds an extra layer of security by requiring you to provide a second form of verification, such as a code generated by a mobile app or sent to your phone via SMS, in addition to your password. This helps protect your accounts even if your password is compromised. Most cryptocurrency exchanges and wallets offer 2FA as an option, so make sure to enable it for all your accounts.
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• Jan 05, 2022 · 3 years ago
  At BYDFi, we highly recommend using a combination of cold storage and multi-signature wallets for securely storing your digital assets. Cold storage refers to keeping your private keys offline, away from any internet-connected device. This can be done by using hardware wallets or paper wallets. Multi-signature wallets, on the other hand, require multiple signatures to authorize transactions, adding an extra layer of security. By combining these two methods, you can significantly reduce the risk of your digital assets being stolen or compromised.
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