What are the safest ways to store digital assets on a cryptocurrency exchange?

3 answers

• Dec 15, 2021 · 3 years ago
  One of the safest ways to store digital assets on a cryptocurrency exchange is by using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making it extremely difficult for hackers to access your funds. They provide an extra layer of security and are highly recommended for long-term storage of digital assets.
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• Dec 15, 2021 · 3 years ago
  Another safe way to store digital assets on a cryptocurrency exchange is by enabling two-factor authentication (2FA). This adds an extra layer of security to your account by requiring a second form of verification, such as a code sent to your mobile device, in addition to your password. It helps protect your account from unauthorized access even if your password is compromised.
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• Dec 15, 2021 · 3 years ago
  At BYDFi, we prioritize the security of our users' digital assets. We employ industry-leading security measures, including cold storage for the majority of our funds. Cold storage means that the private keys are stored offline, making it virtually impossible for hackers to access them. Additionally, we regularly conduct security audits and employ multi-signature technology to further enhance the security of our platform.
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