How can I securely store and manage my OXT coin holdings?

1 answers

• Dec 16, 2021 · 3 years ago
  At BYDFi, we recommend using a hardware wallet to securely store and manage your OXT coin holdings. Hardware wallets provide the highest level of security by keeping your private keys offline. Ledger and Trezor are two popular hardware wallet brands that support OXT coins. Make sure to purchase your hardware wallet from the official website to avoid counterfeit devices. Once you have your hardware wallet, follow the setup instructions provided by the manufacturer. This usually involves connecting the device to your computer or mobile device and setting up a PIN code. Make sure to choose a strong PIN code that is not easily guessable. After setting up your hardware wallet, you can transfer your OXT coins to the wallet's address. This process may vary depending on the wallet you're using, but it typically involves copying the wallet address and pasting it into the withdrawal or send function of your exchange or software wallet. Remember to keep your hardware wallet and recovery phrase in a safe place. If you lose your hardware wallet or forget your PIN code, you can use the recovery phrase to restore access to your coins. However, anyone who has access to your recovery phrase can also access your coins, so make sure to store it securely. By using a hardware wallet, you can have peace of mind knowing that your OXT coins are securely stored and managed.
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