What are the safest ways to store my digital assets and protect them from scams?

3 answers

• Dec 16, 2021 · 3 years ago
  One of the safest ways to store your digital assets 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 by keeping your private keys separate from your computer or smartphone, which are more prone to malware attacks. Some popular hardware wallets include Ledger and Trezor. Remember to always purchase hardware wallets directly from the manufacturer's official website to avoid scams or tampered devices.
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• Dec 16, 2021 · 3 years ago
  Another secure way to store your digital assets is by using a paper wallet. A paper wallet is a physical printout of your private and public keys. It is generated offline and can be stored in a safe place, such as a bank vault or a secure location at home. Paper wallets are not connected to the internet, which makes them immune to online attacks. However, it's important to keep your paper wallet safe and prevent it from being damaged or stolen.
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• Dec 16, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of hardware wallets and cold storage solutions to store your digital assets securely. Hardware wallets provide the convenience of accessing your funds while keeping them offline, while cold storage solutions, such as offline computers or air-gapped devices, offer an additional layer of protection against online threats. It's important to regularly update your wallet software and firmware to ensure the latest security features are in place. Additionally, always enable two-factor authentication (2FA) for your exchange accounts and use strong, unique passwords to further enhance the security of your digital assets.
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