How can I securely store my ERC-20 tokens?

5 answers

• Dec 17, 2021 · 3 years ago
  One of the best ways to securely store your ERC-20 tokens is by using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making it extremely difficult for hackers to access your tokens. Examples of popular hardware wallets include Ledger and Trezor. Simply connect the hardware wallet to your computer or mobile device when you need to make a transaction, and keep it disconnected the rest of the time to minimize the risk of online attacks.
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• Dec 17, 2021 · 3 years ago
  Another option for securely storing ERC-20 tokens is by using a software wallet. Software wallets are applications that you install on your computer or mobile device. Make sure to choose a reputable wallet provider and enable all available security features, such as two-factor authentication and encryption. It's also important to regularly update your wallet software to benefit from the latest security patches.
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• Dec 17, 2021 · 3 years ago
  At BYDFi, we recommend using our secure wallet solution for storing ERC-20 tokens. Our wallet employs advanced encryption techniques to protect your tokens and private keys. Additionally, we have implemented multi-factor authentication and regular security audits to ensure the highest level of security for our users. Sign up for an account with BYDFi and start securely storing your ERC-20 tokens today.
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• Dec 17, 2021 · 3 years ago
  When it comes to storing ERC-20 tokens, it's crucial to avoid keeping them on exchanges for extended periods. While exchanges may have security measures in place, they are still vulnerable to hacking attempts. Instead, consider transferring your tokens to a personal wallet where you have full control over your private keys. This way, you can significantly reduce the risk of losing your tokens due to exchange hacks or other security breaches.
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• Dec 17, 2021 · 3 years ago
  A paper wallet is another option for securely storing ERC-20 tokens. A paper wallet involves printing out your private keys and public address on a piece of paper. Make sure to generate the paper wallet offline and store it in a secure location, such as a safe or a lockbox. Keep in mind that paper wallets can be easily damaged or lost, so it's important to create multiple copies and store them in different secure locations.
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