What is the best way to store my digital assets safely?

3 answers

• Dec 18, 2021 · 3 years ago
  The best way to store your digital assets safely is by using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making it nearly impossible for hackers to access them. These wallets are designed with multiple layers of security and encryption to ensure the safety of your assets. Simply connect the hardware wallet to your computer or mobile device when you need to make a transaction. It's a secure and convenient solution for storing your digital assets.
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• Dec 18, 2021 · 3 years ago
  When it comes to storing your digital assets safely, one popular option is using a cold storage wallet. Cold storage wallets are offline wallets that are not connected to the internet, making them less vulnerable to hacking attempts. You can store your private keys on a hardware device, such as a USB drive or a paper wallet. By keeping your assets offline, you greatly reduce the risk of theft or loss. Just make sure to keep your cold storage wallet in a safe place and backup your private keys in case of any physical damage or loss.
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• Dec 18, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of cold storage and multi-signature wallets to store your digital assets safely. Cold storage wallets keep your private keys offline, while multi-signature wallets require multiple signatures to authorize transactions. This adds an extra layer of security to your assets. Remember to regularly update your wallet software and keep your recovery phrases in a secure location. By following these best practices, you can ensure the safety of your digital assets.
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