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How can I securely store my NYSE GGM tokens?

avatarDo not VideoDec 15, 2021 · 3 years ago3 answers

I recently purchased NYSE GGM tokens and I want to ensure their security. What are the best practices for securely storing my NYSE GGM tokens?

How can I securely store my NYSE GGM tokens?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    To securely store your NYSE GGM tokens, you should consider using a hardware wallet such as Ledger or Trezor. These wallets provide an extra layer of security by keeping your tokens offline and protected from potential hacks or malware. Make sure to keep your recovery phrase or seed phrase in a safe and secure place, as it is crucial for accessing your tokens in case your hardware wallet is lost or damaged. Additionally, avoid storing your tokens on exchanges for long periods as they are more vulnerable to security breaches. Instead, transfer your tokens to your hardware wallet for maximum security.
  • avatarDec 15, 2021 · 3 years ago
    When it comes to securely storing your NYSE GGM tokens, it's important to prioritize security over convenience. One option is to use a cold storage wallet, which is not connected to the internet and therefore less susceptible to hacking. Another option is to use a multi-signature wallet, which requires multiple signatures to authorize transactions, adding an extra layer of security. Remember to regularly update your wallet software and enable two-factor authentication for an added level of protection.
  • avatarDec 15, 2021 · 3 years ago
    At BYDFi, we recommend using a combination of hardware wallets and cold storage solutions to securely store your NYSE GGM tokens. Hardware wallets like Ledger or Trezor offer excellent security features, while cold storage wallets provide an offline storage option. It's important to keep your private keys and recovery phrases secure and never share them with anyone. Regularly update your wallet software and stay informed about the latest security practices to ensure the safety of your tokens.