Is it safe to store Bitcoin purchased with AMEX on a hardware wallet?

3 answers

• Nov 23, 2021 · 3 years ago
  Yes, it is generally safe to store Bitcoin purchased with AMEX on a hardware wallet. Hardware wallets offer a higher level of security compared to software wallets or exchanges. They store your private keys offline, making it difficult for hackers to access your funds. Just make sure to choose a reputable hardware wallet brand and follow the manufacturer's instructions for setting it up and securing your funds.
  414207
• Nov 23, 2021 · 3 years ago
  Absolutely! Storing Bitcoin purchased with AMEX on a hardware wallet is a smart move. Hardware wallets provide an extra layer of security by keeping your private keys offline. This reduces the risk of your funds being compromised by online threats. Remember to keep your hardware wallet in a safe place and backup your recovery phrase in case of loss or damage.
  361121
• Nov 23, 2021 · 3 years ago
  As a representative of BYDFi, I can assure you that it is indeed safe to store Bitcoin purchased with AMEX on a hardware wallet. Hardware wallets are designed to protect your funds from potential security breaches. They provide a secure environment for storing your private keys and offer peace of mind knowing that your Bitcoin is safe from online threats. Just remember to keep your hardware wallet firmware up to date and store your recovery phrase in a secure location.
  473119