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How can I securely store my supduck tokens?

avatarEric BeaucheminNov 27, 2021 · 3 years ago3 answers

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

How can I securely store my supduck tokens?

3 answers

  • avatarNov 27, 2021 · 3 years ago
    To securely store your supduck tokens, you should consider using a hardware wallet. Hardware wallets are physical devices that store your tokens offline, making them less vulnerable to hacking or online threats. They provide an extra layer of security by keeping your private keys offline and require physical confirmation for transactions. Some popular hardware wallets for storing supduck tokens include Ledger Nano S and Trezor.
  • avatarNov 27, 2021 · 3 years ago
    Another option for securely storing your supduck tokens is using a paper wallet. A paper wallet is a physical printout of your public and private keys. It is recommended to generate the paper wallet offline and store it in a secure location, such as a safe or a lockbox. However, be cautious when generating the paper wallet online, as it may expose your private keys to potential risks.
  • avatarNov 27, 2021 · 3 years ago
    At BYDFi, we recommend using a combination of hardware wallets and multi-signature wallets for storing your supduck tokens. Hardware wallets provide the highest level of security, 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 enhances the overall security of your supduck tokens.