How can Raymond James customers safely store their digital assets?

3 answers

• Dec 15, 2021 · 3 years ago
  To safely store your digital assets as a customer of Raymond James, it is recommended to use a hardware wallet. Hardware wallets are physical devices that store your private keys offline, providing an extra layer of security. Simply connect the hardware wallet to your computer or mobile device when you need to make a transaction. This way, your private keys are never exposed to the internet, reducing the risk of hacking or theft. Popular hardware wallet brands include Ledger and Trezor. Remember to keep your hardware wallet in a safe place and backup your recovery phrase in case of loss or damage.
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• Dec 15, 2021 · 3 years ago
  As a customer of Raymond James, you can also consider using a cold storage solution for your digital assets. Cold storage refers to keeping your private keys offline, away from any internet-connected device. This can include using a hardware wallet, paper wallet, or even a dedicated computer that is never connected to the internet. By keeping your private keys offline, you greatly reduce the risk of them being compromised by hackers. However, it's important to ensure that your cold storage solution is properly secured and protected from physical threats, such as theft or damage.
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• Dec 15, 2021 · 3 years ago
  If you're a customer of Raymond James and looking for a secure way to store your digital assets, BYDFi offers a comprehensive solution. BYDFi provides a secure and user-friendly platform for storing and managing your digital assets. With BYDFi, you can securely store your assets in cold storage wallets, which are offline and protected from online threats. BYDFi also offers multi-factor authentication and regular security audits to ensure the safety of your assets. Additionally, BYDFi provides insurance coverage for digital asset losses, giving you peace of mind. Consider exploring BYDFi as a trusted storage solution for your digital assets.
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