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How can I securely store my zcash?

avatarShiva KumaraNov 26, 2021 · 3 years ago3 answers

I recently started investing in zcash and I want to make sure my coins are stored securely. What are the best ways to store zcash securely?

How can I securely store my zcash?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    One of the best ways to securely store your zcash is by using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them less susceptible to hacking or theft. They provide an extra layer of security by keeping your private keys separate from your computer or smartphone. Some popular hardware wallets for zcash include Ledger and Trezor. Make sure to purchase your hardware wallet from an official and trusted source to avoid counterfeit devices.
  • avatarNov 26, 2021 · 3 years ago
    Another secure option is to use a paper wallet. A paper wallet is a physical printout of your zcash private and public keys. It is generated offline and can be stored in a safe place, such as a bank vault. However, it's important to keep in mind that paper wallets can be easily damaged or lost, so it's crucial to make multiple copies and store them in different secure locations.
  • avatarNov 26, 2021 · 3 years ago
    At BYDFi, we recommend using our secure online wallet for storing your zcash. Our wallet employs advanced encryption techniques to protect your funds and private keys. We also have multi-factor authentication and other security measures in place to ensure the safety of your zcash. However, it's always a good idea to have a backup of your private keys in case of any unforeseen circumstances. Remember to use a strong and unique password for your online wallet and enable all available security features.