What is the most secure method to keep track of my bitcoin balance?

3 answers

• Dec 18, 2021 · 3 years ago
  The most secure method to keep track of your bitcoin balance is by using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them immune to online threats such as hacking or malware. They provide an extra layer of security by keeping your private keys isolated from your computer or smartphone. Some popular hardware wallets include Ledger Nano S and Trezor. By using a hardware wallet, you can have peace of mind knowing that your bitcoin balance is securely stored and protected.
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• Dec 18, 2021 · 3 years ago
  One secure method to keep track of your bitcoin balance is by using a mobile wallet. Mobile wallets are applications that you can install on your smartphone. They allow you to access your bitcoin balance anytime, anywhere. However, it's important to choose a reputable mobile wallet that has strong security measures in place. Look for wallets that offer features like two-factor authentication and encryption. Additionally, make sure to keep your smartphone updated with the latest security patches to minimize the risk of malware or hacking.
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• Dec 18, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of a hardware wallet and a desktop wallet to keep track of your bitcoin balance. A hardware wallet provides the highest level of security by storing your private keys offline, while a desktop wallet allows for convenient access and management of your bitcoin balance. By using both, you can enjoy the benefits of security and accessibility. Remember to always keep your hardware wallet disconnected from the internet when not in use and to use strong passwords for your desktop wallet.
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