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What are the recommended strategies to ensure the security of my tracked crypto wallet?

avatarMSDMDec 16, 2021 · 3 years ago1 answers

I want to make sure that my tracked crypto wallet is secure. What are some strategies that I can follow to ensure its security?

What are the recommended strategies to ensure the security of my tracked crypto wallet?

1 answers

  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, we recommend several strategies to ensure the security of your tracked crypto wallet. First, use a reputable wallet provider that has a strong track record of security. Look for wallets that have undergone third-party security audits and have a transparent security policy. Second, enable two-factor authentication (2FA) for your wallet. This adds an extra layer of security by requiring a second form of verification, such as a code sent to your mobile device. Third, regularly update your wallet software to ensure you have the latest security patches. Fourth, be cautious of phishing attempts and only enter your wallet information on secure websites. Finally, consider using a separate device or computer for your crypto wallet activities to minimize the risk of malware or keyloggers compromising your wallet's security.