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What is the safest way to store my digital assets to protect them from hackers?

avatarLeander Plumbing CompanyJan 01, 2022 · 3 years ago3 answers

I'm new to the world of digital assets and I want to make sure my investments are safe from hackers. What is the best and most secure way to store my digital assets to protect them from potential cyber attacks?

What is the safest way to store my digital assets to protect them from hackers?

3 answers

  • avatarJan 01, 2022 · 3 years ago
    The safest way to store your digital assets 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 funds. They provide an extra layer of security by keeping your private keys separate from your computer or smartphone, which are more vulnerable to hacking. Some popular hardware wallet options include Ledger and Trezor. Remember to always purchase hardware wallets directly from the manufacturer to avoid potential tampering.
  • avatarJan 01, 2022 · 3 years ago
    If you're looking for a more convenient option, you can also consider using a reputable cryptocurrency exchange with strong security measures. Look for exchanges that offer features like two-factor authentication, cold storage for the majority of their funds, and regular security audits. It's important to do thorough research and choose an exchange with a good track record in terms of security. Remember to enable all available security features and never share your login credentials with anyone.
  • avatarJan 01, 2022 · 3 years ago
    At BYDFi, we highly recommend using a combination of hardware wallets and secure exchanges to store your digital assets. Hardware wallets provide the highest level of security, while exchanges offer convenience for trading. By keeping the majority of your funds in a hardware wallet and only transferring a portion to an exchange when needed, you can minimize the risk of potential losses due to hacking. Remember to always stay vigilant and regularly update your security measures to stay one step ahead of hackers.