What are the best practices for keeping a paper wallet safe and protected from theft?

3 answers

• Feb 17, 2022 · 3 years ago
  One of the best practices for keeping a paper wallet safe is to store it in a secure physical location, such as a safe or a safety deposit box. This helps to minimize the risk of theft or physical damage. Additionally, it is important to keep the paper wallet's private key offline and away from any digital devices to prevent hacking or unauthorized access. Regularly creating backups of the paper wallet and storing them in separate secure locations can also provide an extra layer of protection in case of loss or damage.
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• Feb 17, 2022 · 3 years ago
  To keep your paper wallet safe from theft, it's crucial to maintain strict privacy and confidentiality. Avoid sharing your paper wallet's private key with anyone and refrain from discussing your holdings or wallet details in public forums or social media. Be cautious of phishing attempts and suspicious websites that may try to trick you into revealing your private key. It's also recommended to periodically check the integrity of your paper wallet by verifying the public address and balance through a trusted blockchain explorer.
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• Feb 17, 2022 · 3 years ago
  At BYDFi, we understand the importance of keeping your paper wallet secure. One of the best practices we recommend is to use a tamper-evident seal or holographic sticker to protect the paper wallet from tampering. This can provide visual evidence of any unauthorized access. Additionally, consider using a passphrase or encryption to further secure the private key. Regularly monitoring your paper wallet's balance and transaction history can help detect any suspicious activity and take appropriate action to prevent theft.
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