How can I securely store my tokens in a freezer for long-term investment?

3 answers

• Nov 29, 2021 · 3 years ago
  One secure way to store your tokens in a freezer is by using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them less susceptible to hacking or theft. You can generate and store your private keys on the hardware wallet, and then safely store the wallet in a freezer. This way, even if your computer or online wallet is compromised, your tokens will remain secure in the freezer. Just make sure to keep your hardware wallet in a waterproof and fireproof container for additional protection.
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• Nov 29, 2021 · 3 years ago
  Storing your tokens in a freezer can be a good long-term investment strategy, but it's important to take additional security measures. One option is to use a cold storage wallet, which is a wallet that is not connected to the internet. You can generate a cold storage wallet offline and then transfer your tokens to it. Once your tokens are in the cold storage wallet, you can safely store it in a freezer. This way, even if your online accounts are compromised, your tokens will remain safe in the freezer. Just remember to keep your cold storage wallet in a secure location and make regular backups of your wallet's private keys.
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• Nov 29, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of cold storage and multisig wallets for long-term token storage. Cold storage wallets, such as hardware wallets or paper wallets, keep your private keys offline and away from potential hackers. Multisig wallets, on the other hand, require multiple signatures to authorize transactions, adding an extra layer of security. By using both cold storage and multisig wallets, you can securely store your tokens in a freezer for long-term investment. Remember to keep your private keys and recovery phrases in a safe place, and regularly update your wallet software to ensure the latest security features.
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