What is the safest way to store my digital assets for a two-year period?

3 answers

• Dec 15, 2021 · 3 years ago
  One of the safest ways to store your digital assets for a two-year period is by using a hardware wallet. Hardware wallets are physical devices that securely store your private keys offline, making it extremely difficult for hackers to access your funds. They offer an extra layer of security compared to software wallets or exchanges. Make sure to choose a reputable hardware wallet brand and follow the manufacturer's instructions for setup and usage. Remember to keep your recovery seed phrase in a safe place, as it will be crucial for recovering your assets in case your hardware wallet gets lost or damaged.
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• Dec 15, 2021 · 3 years ago
  If you're not comfortable with using a hardware wallet, another secure option is a paper wallet. A paper wallet is a physical printout of your private and public keys, which can be generated offline. It's important to generate the paper wallet on a secure and trusted device, and to keep multiple copies in different secure locations. However, be cautious when using paper wallets, as they can be easily damaged or lost if not properly stored. Additionally, make sure to use a reputable paper wallet generator to avoid any potential security risks.
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• Dec 15, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of hardware wallets and cold storage solutions to store your digital assets for a two-year period. Hardware wallets provide the highest level of security, while cold storage solutions such as offline computers or air-gapped devices offer an additional layer of protection. It's important to regularly update your hardware wallet firmware and keep your cold storage devices disconnected from the internet to minimize the risk of hacking or malware attacks. Remember to always do your own research and choose the storage method that best suits your needs and risk tolerance.
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