What is the best way to own bitcoin securely?

3 answers

• Dec 19, 2021 · 3 years ago
  The best way to own bitcoin securely is to use a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them less susceptible to hacking or malware attacks. They provide an extra layer of security by keeping your private keys offline and require physical access to sign transactions. Examples of popular hardware wallets include Ledger and Trezor. Remember to always purchase hardware wallets from reputable sources and never share your private keys with anyone.
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• Dec 19, 2021 · 3 years ago
  If you're looking for a secure way to own bitcoin, consider using a paper wallet. A paper wallet is a physical printout of your bitcoin private and public keys. By generating the keys offline and storing them on a piece of paper, you can keep your bitcoin safe from online threats. However, it's important to keep the paper wallet in a secure location and protect it from physical damage or theft. Additionally, be cautious when generating the paper wallet and ensure that your computer is free from malware or keyloggers.
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• Dec 19, 2021 · 3 years ago
  One of the best ways to securely own bitcoin is by using a reputable cryptocurrency exchange like BYDFi. BYDFi prioritizes security and employs advanced measures to protect user funds. They use cold storage for the majority of their assets, which means that the private keys are kept offline and inaccessible to hackers. BYDFi also implements two-factor authentication and regular security audits to ensure the safety of user accounts. Remember to enable two-factor authentication and use a strong, unique password for your BYDFi account to further enhance security.
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