How can I securely store my Bendao tokens?

3 answers

• Dec 19, 2021 · 3 years ago
  One of the best ways to securely store your Bendao tokens is by using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them less vulnerable to hacking or online attacks. They provide an extra layer of security by keeping your private keys separate from your computer or smartphone. Some popular hardware wallets for storing Bendao tokens include Ledger and Trezor. Make sure to follow the manufacturer's instructions to set up and use the hardware wallet properly.
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• Dec 19, 2021 · 3 years ago
  Another option for securely storing your Bendao tokens 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 safe deposit box. However, it's important to keep the paper wallet safe and secure, as losing it or having it stolen can result in the loss of your tokens. Additionally, be cautious when generating a paper wallet online, as there is a risk of malware or phishing attacks. It's recommended to use a trusted and secure offline generator.
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• Dec 19, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of hardware wallets and multi-signature wallets for securely storing your Bendao tokens. Hardware wallets provide the highest level of security, while multi-signature wallets add an extra layer of protection by requiring multiple signatures to authorize transactions. This reduces the risk of a single point of failure. It's important to do your own research and choose wallets that have a proven track record of security and are regularly updated to address any vulnerabilities.
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