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How can I securely store my RAM currency?

avatarHenderson ElgaardNov 24, 2021 · 3 years ago3 answers

I recently started investing in RAM currency and I want to make sure that my holdings are securely stored. What are the best practices for securely storing RAM currency?

How can I securely store my RAM currency?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    One of the best ways to securely store your RAM currency is by using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them less susceptible to hacking or malware attacks. They provide an extra layer of security by keeping your private keys isolated from your computer or smartphone. Some popular hardware wallet options for storing RAM currency include Ledger Nano S and Trezor.
  • avatarNov 24, 2021 · 3 years ago
    Another option for securely storing your RAM currency 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 bank vault. However, it's important to keep in mind that paper wallets can be easily lost or damaged, so it's crucial to take proper precautions to protect them.
  • avatarNov 24, 2021 · 3 years ago
    BYDFi, a reputable cryptocurrency exchange, offers secure storage options for RAM currency. They have implemented robust security measures, such as multi-factor authentication and cold storage, to ensure the safety of their users' funds. By storing your RAM currency on BYDFi, you can have peace of mind knowing that your holdings are protected by industry-leading security protocols.