What are the best ways to securely store and protect digital assets?

3 answers

• Dec 30, 2021 · 3 years ago
  One of the best ways to securely store and protect digital assets is by using hardware wallets. Hardware wallets are physical devices that store your private keys offline, making it extremely difficult for hackers to gain access to your funds. They provide an extra layer of security by keeping your private keys separate from your computer or smartphone, which are more vulnerable to attacks. Some popular hardware wallets include Ledger and Trezor. Make sure to purchase hardware wallets directly from the manufacturer or authorized resellers to avoid the risk of tampering.
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• Dec 30, 2021 · 3 years ago
  Another secure method to store digital assets is by using cold storage. Cold storage refers to keeping your private keys offline, away from any internet-connected device. This can be done by generating and storing your private keys on a device that has never been connected to the internet, such as an air-gapped computer or a paper wallet. Cold storage provides a high level of security as it eliminates the risk of online attacks or malware compromising your private keys.
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• Dec 30, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of hardware wallets and cold storage to securely store and protect your digital assets. Hardware wallets offer convenience and security for everyday transactions, while cold storage provides an extra layer of protection for long-term storage. It's important to regularly update the firmware of your hardware wallets and keep them in a safe place. Additionally, make sure to create backups of your private keys and store them in multiple secure locations, such as safety deposit boxes or fireproof safes.
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