What are the best practices for keeping my ERC20 wallet address safe from hackers or scams?

3 answers

• Dec 15, 2021 · 3 years ago
  One of the best practices to keep your ERC20 wallet address safe is to use a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making it extremely difficult for hackers to gain access to your wallet address. Additionally, always make sure to double-check the website or platform you are using to access your wallet. Scammers often create fake websites that look identical to the legitimate ones, so it's important to verify the URL and ensure that you are on the correct website. Lastly, enable two-factor authentication (2FA) for your wallet. This adds an extra layer of security by requiring a second form of verification, such as a code sent to your mobile device, to access your wallet address.
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• Dec 15, 2021 · 3 years ago
  When it comes to keeping your ERC20 wallet address safe, it's crucial to be cautious of phishing attempts. Phishing is a common scamming technique where scammers try to trick you into revealing your private keys or sensitive information. Always be skeptical of emails or messages asking for your wallet address or private keys. Legitimate organizations will never ask for this information. Additionally, regularly update your wallet software to ensure that you have the latest security patches and features. By staying up-to-date, you can protect your wallet address from potential vulnerabilities that hackers may exploit.
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• Dec 15, 2021 · 3 years ago
  At BYDFi, we highly recommend using a hardware wallet to keep your ERC20 wallet address safe. Hardware wallets provide an extra layer of security by storing your private keys offline, away from potential hackers. Additionally, it's important to keep your wallet software up-to-date and avoid clicking on suspicious links or downloading unknown files. Always verify the authenticity of the website or platform you are using to access your wallet address. By following these best practices, you can minimize the risk of your wallet address being compromised.
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