common-close-0
BYDFi
Trade wherever you are!

How can I securely store and protect my NEO coins?

avatarMylene SalvadoDec 16, 2021 · 3 years ago3 answers

I recently purchased some NEO coins and I want to ensure that they are stored securely. What are the best practices for securely storing and protecting my NEO coins?

How can I securely store and protect my NEO coins?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    One of the best ways to securely store and protect your NEO coins is by using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them less vulnerable to hacking or malware attacks. Examples of popular hardware wallets that support NEO include Ledger Nano S and Trezor. By keeping your private keys offline, you significantly reduce the risk of your coins being stolen. Additionally, make sure to enable two-factor authentication (2FA) on your wallet for an extra layer of security.
  • avatarDec 16, 2021 · 3 years ago
    Another option for securely storing your NEO coins is by using a paper wallet. A paper wallet is a physical printout of your NEO public and private keys. It is important to generate the paper wallet offline and store it in a secure location, such as a safe or a safety deposit box. However, be cautious when generating a paper wallet online, as it may expose your private keys to potential risks. Remember to keep multiple copies of your paper wallet in case of loss or damage.
  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, we recommend using our secure online wallet for storing your NEO coins. Our wallet utilizes advanced encryption and security measures to protect your funds. With BYDFi wallet, you can access your NEO coins from any device with an internet connection, making it convenient for managing your assets. Remember to always use a strong and unique password for your wallet and enable two-factor authentication (2FA) for added security. It is also important to regularly update your wallet software to ensure you have the latest security patches.