common-close-0
BYDFi
Trade wherever you are!

How can I securely store my CRO tokens?

avatarRakshit PrinjaDec 17, 2021 · 3 years ago3 answers

I recently purchased some CRO tokens and I want to make sure they are stored securely. What are the best options for securely storing my CRO tokens?

How can I securely store my CRO tokens?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    One of the best options for securely storing your CRO tokens is to use a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them highly secure. Some popular hardware wallets that support CRO tokens include Ledger Nano S and Trezor. Simply transfer your CRO tokens to your hardware wallet and keep it in a safe place. This way, even if your computer or smartphone gets hacked, your CRO tokens will remain safe.
  • avatarDec 17, 2021 · 3 years ago
    Another option for securely storing your CRO tokens is to use a paper wallet. A paper wallet is a physical printout of your public and private keys. You can generate a paper wallet for CRO tokens using a trusted online generator. Make sure to keep your paper wallet in a secure location, such as a safe or a lockbox. It's important to note that paper wallets can be easily damaged or lost, so it's crucial to take extra precautions to protect them.
  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, we recommend using a combination of hardware wallets and paper wallets for secure storage of your CRO tokens. Hardware wallets provide an extra layer of security by keeping your private keys offline, while paper wallets offer a physical backup in case of hardware failure or loss. By diversifying your storage methods, you can ensure the safety of your CRO tokens even in the event of unforeseen circumstances.