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How do I securely store my digital assets using the coinbase.com app?

avatarpulasty kumarDec 17, 2021 · 3 years ago3 answers

I want to securely store my digital assets using the coinbase.com app. Can you provide me with some tips or best practices to ensure the safety of my assets?

How do I securely store my digital assets using the coinbase.com app?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    One of the best ways to securely store your digital assets using the coinbase.com app is to enable two-factor authentication (2FA). This adds an extra layer of security by requiring a second verification step, such as a code sent to your mobile device, in addition to your password. Additionally, you should consider using a hardware wallet to store your assets offline, away from potential online threats. Remember to keep your recovery phrase or seed phrase in a safe place, as it is crucial for recovering your assets in case of loss or theft.
  • avatarDec 17, 2021 · 3 years ago
    To securely store your digital assets on the coinbase.com app, you should also be cautious of phishing attempts. Always double-check the URL before entering your login credentials and avoid clicking on suspicious links. It's also recommended to regularly update your app to ensure you have the latest security patches. Lastly, consider diversifying your storage options by using multiple wallets or exchanges to reduce the risk of a single point of failure.
  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, we understand the importance of securely storing digital assets. When using the coinbase.com app, it is crucial to follow best practices to protect your assets. Enable two-factor authentication, use a hardware wallet, and be cautious of phishing attempts. Remember, the security of your assets ultimately lies in your hands.