What are the best strategies for holding crypto in a secure way?

4 answers

• Nov 26, 2021 · 3 years ago
  One of the best strategies for holding crypto in a secure way is to use a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them less vulnerable to hacking or online attacks. They provide an extra layer of security by keeping your private keys isolated from your computer or smartphone. Some popular hardware wallets include Ledger and Trezor. By using a hardware wallet, you can ensure that your crypto assets are safely stored and protected.
  493247
• Nov 26, 2021 · 3 years ago
  Another strategy for holding crypto securely is to enable two-factor authentication (2FA) on your cryptocurrency exchange accounts. 2FA adds an extra layer of security by requiring you to provide a second form of verification, such as a code generated by an authentication app or sent to your mobile device, in addition to your password. This helps protect your account even if your password is compromised. Most reputable cryptocurrency exchanges offer 2FA as an option, so make sure to enable it for added security.
  517173
• Nov 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using a combination of hardware wallets and cold storage for holding crypto securely. Cold storage refers to keeping your private keys offline, away from any internet-connected device. This can be done by using paper wallets or hardware wallets that support cold storage. By keeping your private keys offline, you greatly reduce the risk of them being compromised. Remember to store your hardware wallets or paper wallets in a safe place, such as a secure safe or a safety deposit box.
  538135
• Nov 26, 2021 · 3 years ago
  When it comes to holding crypto in a secure way, it's important to be cautious of phishing attempts. Phishing is a common tactic used by hackers to trick users into revealing their private keys or login credentials. Always double-check the URL of the website you're visiting and ensure that it's the official website of the cryptocurrency exchange or wallet provider. Avoid clicking on suspicious links or downloading files from unknown sources. Additionally, be wary of unsolicited emails or messages asking for your personal information.
  539108