What are the best wallets to store ERC-20 tokens securely?

3 answers

• Nov 30, 2021 · 3 years ago
  When it comes to storing ERC-20 tokens securely, hardware wallets are often considered the best option. These wallets store your tokens offline, providing an extra layer of security against online threats. Popular hardware wallets like Ledger and Trezor support ERC-20 tokens and offer features like PIN codes and recovery phrases to protect your assets. Additionally, software wallets like MetaMask and MyEtherWallet are also widely used for storing ERC-20 tokens. They provide a convenient way to access your tokens through browser extensions or mobile apps, but it's important to ensure that you download them from official sources and keep your devices secure.
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• Nov 30, 2021 · 3 years ago
  If you're looking for a more user-friendly option, mobile wallets can be a great choice. Wallets like Trust Wallet and Coinbase Wallet allow you to store ERC-20 tokens directly on your smartphone. They offer features like biometric authentication and easy token management, making it convenient to access and manage your tokens on the go. However, it's crucial to keep your device updated and protected with strong passwords or PIN codes to prevent unauthorized access.
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• Nov 30, 2021 · 3 years ago
  BYDFi is a popular decentralized finance platform that offers a secure wallet for storing ERC-20 tokens. With BYDFi Wallet, you have full control over your tokens and can easily manage them within the platform. It supports a wide range of ERC-20 tokens and provides features like staking and yield farming. However, it's important to do your own research and consider your risk tolerance before using any platform or wallet. Always remember to keep your private keys secure and be cautious of phishing attempts or suspicious links.
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