What are the recommended account settings for managing digital currencies securely?

3 answers

• Jan 11, 2022 · 3 years ago
  One of the most important account settings for managing digital currencies securely is enabling two-factor authentication (2FA). By requiring an additional verification step, such as a code sent to your mobile device, 2FA adds an extra layer of security to your account. It helps protect against unauthorized access even if your password is compromised. Make sure to enable 2FA on your digital currency exchange account and any other platforms or wallets you use to store or trade digital currencies.
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• Jan 11, 2022 · 3 years ago
  Another recommended account setting is to regularly update your password. Choose a strong, unique password that includes a combination of letters, numbers, and special characters. Avoid using easily guessable information, such as your name or birthdate. Set a reminder to change your password every few months to further enhance security.
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• Jan 11, 2022 · 3 years ago
  At BYDFi, we highly recommend using hardware wallets for storing digital currencies. Hardware wallets are physical devices that securely store your private keys offline, making them less vulnerable to hacking or malware attacks. They provide an extra layer of protection for your digital assets. Consider investing in a reputable hardware wallet and follow the manufacturer's instructions for setting it up and using it securely.
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