What are the best practices for securing TOTP seeds in the cryptocurrency industry?

3 answers

• Feb 18, 2022 · 3 years ago
  One of the best practices for securing TOTP seeds in the cryptocurrency industry is to use a hardware wallet. Hardware wallets are physical devices that store private keys offline, making them less vulnerable to hacking attacks. By keeping the TOTP seed on a hardware wallet, you can ensure that it is protected from online threats.
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• Feb 18, 2022 · 3 years ago
  Another recommended method is to use a password manager. Password managers can securely store TOTP seeds and generate the corresponding codes when needed. This eliminates the need to manually enter the TOTP seed, reducing the risk of it being intercepted or stolen.
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• Feb 18, 2022 · 3 years ago
  At BYDFi, we understand the importance of securing TOTP seeds. We recommend using a combination of hardware wallets and password managers to ensure maximum security. By following these best practices, you can protect your TOTP seeds and minimize the risk of unauthorized access to your cryptocurrency accounts.
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