How can I securely store my crypto-native assets?

3 answers

• Nov 27, 2021 · 3 years ago
  One of the best ways to securely store your crypto-native assets 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. They provide an extra layer of security by keeping your private keys separate from your computer or smartphone. Some popular hardware wallet brands include Ledger and Trezor. Make sure to purchase your hardware wallet from a reputable source and follow the manufacturer's instructions for setting it up and using it securely.
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• Nov 27, 2021 · 3 years ago
  Another option for secure storage is using a paper wallet. A paper wallet is a physical printout of your private and public keys. It is generated offline and can be stored in a safe or a secure location. However, it's important to note that paper wallets can be easily damaged or lost, so it's crucial to keep multiple copies in different secure locations. Additionally, make sure to generate the paper wallet on a trusted and secure device to minimize the risk of keyloggers or malware compromising your keys.
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• Nov 27, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of hardware wallets and multi-signature wallets for the secure storage of your crypto-native assets. Hardware wallets provide the highest level of security for storing your private keys, while multi-signature wallets add an extra layer of protection by requiring multiple signatures to authorize transactions. This reduces the risk of a single point of failure and makes it more difficult for hackers to gain access to your funds. Remember to regularly update your wallet software and firmware to ensure you have the latest security patches and features.
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