What are the best practices for securing TOTP seeds in the cryptocurrency industry?
McKee RandolphDec 27, 2021 · 3 years ago3 answers
In the cryptocurrency industry, what are some of the recommended methods for securely storing TOTP seeds?
3 answers
- Dec 27, 2021 · 3 years agoOne of the best practices for securing TOTP seeds in the cryptocurrency industry is to use a hardware wallet. Hardware wallets are physical devices that store private keys offline, making them less vulnerable to hacking attacks. By keeping the TOTP seed on a hardware wallet, you can ensure that it is protected from online threats.
- Dec 27, 2021 · 3 years agoAnother recommended method is to use a password manager. Password managers can securely store TOTP seeds and generate the corresponding codes when needed. This eliminates the need to manually enter the TOTP seed, reducing the risk of it being intercepted or stolen.
- Dec 27, 2021 · 3 years agoAt BYDFi, we understand the importance of securing TOTP seeds. We recommend using a combination of hardware wallets and password managers to ensure maximum security. By following these best practices, you can protect your TOTP seeds and minimize the risk of unauthorized access to your cryptocurrency accounts.
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