How can I securely store BNS using cold storage methods?

3 answers

• Nov 26, 2021 · 3 years ago
  One of the best practices for cold storage of BNS is to use a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them less vulnerable to hacking or online attacks. Popular hardware wallets like Ledger and Trezor support BNS tokens and provide a secure way to store them offline. Simply transfer your BNS tokens to the hardware wallet and keep the device in a safe place. Remember to keep your recovery phrase or seed phrase in a separate location for backup purposes. This ensures that even if you lose the hardware wallet, you can still recover your BNS tokens.
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• Nov 26, 2021 · 3 years ago
  Another option for cold storage of BNS is to use a paper wallet. A paper wallet is a physical printout of your BNS private and public keys. You can generate a paper wallet using a trusted offline generator and then transfer your BNS tokens to the wallet address. Make sure to keep the paper wallet in a secure location, such as a safe or a lockbox. It's important to note that paper wallets can be vulnerable to physical damage or loss, so it's recommended to create multiple copies and store them in different secure locations.
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• Nov 26, 2021 · 3 years ago
  At BYDFi, we recommend using a hardware wallet for cold storage of BNS. Hardware wallets provide an extra layer of security by keeping your private keys offline and protected from online threats. Ledger and Trezor are two popular hardware wallet brands that support BNS tokens. Simply connect the hardware wallet to your computer, transfer your BNS tokens, and disconnect the device. This way, your BNS tokens remain secure even if your computer is compromised. Remember to keep your recovery phrase safe and never share it with anyone.
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