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How can I safely store my digital assets on the Oasis Network?

avatarschneizeeLDec 16, 2021 · 3 years ago3 answers

I'm new to the Oasis Network and I want to ensure the safety of my digital assets. What are the best practices for securely storing my digital assets on the Oasis Network?

How can I safely store my digital assets on the Oasis Network?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    To safely store your digital assets on the Oasis Network, you can use a hardware wallet like Ledger or Trezor. These wallets provide an extra layer of security by keeping your private keys offline. Make sure to keep your recovery phrase in a safe place and never share it with anyone. Additionally, consider using a strong and unique password for your wallet and enable two-factor authentication if available.
  • avatarDec 16, 2021 · 3 years ago
    Storing your digital assets on the Oasis Network requires a combination of security measures. Firstly, choose a reputable wallet that supports the Oasis Network. Look for wallets that have a strong track record and positive user reviews. Secondly, enable all available security features, such as multi-factor authentication and biometric authentication. Lastly, regularly update your wallet software and keep your devices free from malware and viruses. By following these steps, you can ensure the safety of your digital assets on the Oasis Network.
  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, we recommend using a hardware wallet for storing your digital assets on the Oasis Network. Hardware wallets provide the highest level of security by keeping your private keys offline. They are resistant to hacking and malware attacks. Additionally, make sure to keep your recovery phrase in a secure location and avoid sharing it with anyone. By following these best practices, you can safely store your digital assets on the Oasis Network.