What are the security measures to protect my receiving address from hackers?

3 answers

• Dec 16, 2021 · 3 years ago
  One of the most important security measures to protect your receiving address from hackers 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. By keeping your private keys offline, you significantly reduce the risk of your receiving address being compromised.
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• Dec 16, 2021 · 3 years ago
  Another security measure is to enable two-factor authentication (2FA) for your cryptocurrency exchange account. 2FA adds an extra layer of security by requiring you to provide a second form of verification, such as a code generated by an app on your smartphone, in addition to your password. This makes it much more difficult for hackers to gain unauthorized access to your account and your receiving address.
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• Dec 16, 2021 · 3 years ago
  At BYDFi, we highly recommend using a decentralized exchange (DEX) to protect your receiving address from hackers. DEXs operate on blockchain technology and allow you to trade directly from your wallet, eliminating the need to deposit funds into a centralized exchange. This reduces the risk of your receiving address being targeted by hackers, as your funds remain in your control at all times.
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