How to securely store bitcoin purchased on Coinmama?

3 answers

• Nov 23, 2021 · 3 years ago
  One of the best practices for securely storing bitcoin purchased on Coinmama is to use a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them less vulnerable to hacking. They provide an extra layer of security by keeping your private keys separate from your computer or smartphone, which can be more easily compromised. Some popular hardware wallet options include Ledger and Trezor. Make sure to follow the manufacturer's instructions for setting up and using the hardware wallet to ensure maximum security.
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• Nov 23, 2021 · 3 years ago
  Another option for securely storing bitcoin purchased on Coinmama is to use a software wallet. Software wallets are applications that you can install on your computer or smartphone. They provide a convenient way to access and manage your bitcoin, but they are more vulnerable to hacking compared to hardware wallets. It's important to choose a reputable software wallet and enable all available security features, such as two-factor authentication and encryption. Examples of popular software wallets include Electrum and Exodus.
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• Nov 23, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of hardware and software wallets for securely storing bitcoin purchased on Coinmama. By using a hardware wallet for long-term storage and a software wallet for everyday transactions, you can minimize the risk of losing your bitcoin to hackers. Remember to regularly update your wallet software and keep your devices and passwords secure to further enhance the security of your bitcoin holdings.
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