What are the best practices to protect my cryptocurrency investments from hacking and theft?

3 answers

• Dec 17, 2021 · 3 years ago
  One of the best practices to protect your cryptocurrency investments from hacking and theft is to use a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making it extremely difficult for hackers to gain access to your funds. They provide an extra layer of security by keeping your private keys away from potentially vulnerable online environments.
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• Dec 17, 2021 · 3 years ago
  Another important practice is to enable two-factor authentication (2FA) on all your cryptocurrency accounts. 2FA adds an extra layer of security by requiring you to provide a second form of verification, such as a code generated by an authentication app, in addition to your password. This makes it much more difficult for hackers to gain unauthorized access to your accounts.
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• Dec 17, 2021 · 3 years ago
  At BYDFi, we highly recommend using a combination of cold storage and multi-signature wallets to protect your cryptocurrency investments. Cold storage refers to keeping your private keys offline, away from any internet-connected device. Multi-signature wallets require multiple signatures to authorize transactions, adding an extra layer of security and reducing the risk of theft.
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