What are the best practices to keep my digital assets safe in Exodus Wallet?
Helfer remterDec 17, 2021 · 3 years ago3 answers
I want to ensure the safety of my digital assets in Exodus Wallet. What are the recommended best practices to follow in order to keep my assets secure?
3 answers
- Dec 17, 2021 · 3 years agoOne of the best practices to keep your digital assets safe in Exodus Wallet is to enable two-factor authentication (2FA). By enabling 2FA, you add an extra layer of security to your account, as it requires a second verification step in addition to your password. This can help prevent unauthorized access to your assets even if your password is compromised. Make sure to use a strong and unique password for your Exodus Wallet account as well.
- Dec 17, 2021 · 3 years agoAnother important practice is to regularly update your Exodus Wallet software. Developers often release updates to address security vulnerabilities and improve the overall security of the wallet. By keeping your wallet software up to date, you can ensure that you have the latest security patches and enhancements.
- Dec 17, 2021 · 3 years agoAt BYDFi, we highly recommend storing your recovery phrase securely. The recovery phrase is a set of words that can be used to restore your wallet in case of loss or theft. It's crucial to write down the recovery phrase on a piece of paper and store it in a safe place, preferably offline. Avoid storing it digitally or taking screenshots, as these can be vulnerable to hacking or accidental loss. Remember to keep your recovery phrase separate from your device to minimize the risk of both being compromised at the same time.
Related Tags
Hot Questions
- 99
How can I minimize my tax liability when dealing with cryptocurrencies?
- 99
What are the best digital currencies to invest in right now?
- 96
How does cryptocurrency affect my tax return?
- 89
What are the advantages of using cryptocurrency for online transactions?
- 86
What are the tax implications of using cryptocurrency?
- 69
How can I protect my digital assets from hackers?
- 61
What is the future of blockchain technology?
- 21
Are there any special tax rules for crypto investors?