What is the recommended way to secure your backup key on Binance?

3 answers

• Nov 23, 2021 · 3 years ago
  The recommended way to secure your backup key on Binance is to use a hardware wallet. Hardware wallets are physical devices that store your private keys offline, providing an extra layer of security. By keeping your backup key offline, you minimize the risk of it being compromised by hackers or malware. Additionally, make sure to store your backup key in a secure location, such as a safe or a lockbox, to prevent physical theft.
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• Nov 23, 2021 · 3 years ago
  One way to secure your backup key on Binance is to enable two-factor authentication (2FA). By enabling 2FA, you add an extra layer of security to your account. Binance supports various 2FA methods, such as Google Authenticator and SMS authentication. It is recommended to use Google Authenticator as it is more secure than SMS authentication. Remember to keep your 2FA device or phone secure and avoid sharing your backup key or 2FA codes with anyone.
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• Nov 23, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of hardware wallet and multi-signature wallets to secure your backup key on Binance. Hardware wallets provide offline storage for your private keys, while multi-signature wallets require multiple signatures to authorize transactions, adding an extra layer of security. By using both of these methods, you can significantly reduce the risk of unauthorized access to your backup key and funds on Binance.
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