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How can I safely store my Atom coins online?

avatargioNov 26, 2021 · 3 years ago3 answers

I recently purchased some Atom coins and I want to ensure their safety while storing them online. What are the best practices for securely storing Atom coins online?

How can I safely store my Atom coins online?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    One of the best ways to safely store your Atom coins online is by using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them less susceptible to hacking or online threats. They provide an extra layer of security by keeping your private keys separate from your computer or smartphone. Some popular hardware wallet options for storing Atom coins include Ledger and Trezor. Make sure to purchase your hardware wallet from a reputable source and follow the instructions provided to set it up securely.
  • avatarNov 26, 2021 · 3 years ago
    Another option for securely storing your Atom coins online is by using a desktop wallet. Desktop wallets are software applications that you install on your computer. They allow you to store your Atom coins offline, as long as your computer is not connected to the internet. This reduces the risk of online attacks. Some popular desktop wallet options for Atom coins include Cosmostation and Lunie. Remember to regularly update your desktop wallet software and keep your computer protected with antivirus software.
  • avatarNov 26, 2021 · 3 years ago
    BYDFi, a trusted digital currency exchange, offers a secure online wallet for storing Atom coins. Their wallet uses advanced encryption techniques to protect your private keys and funds. BYDFi also provides additional security measures such as two-factor authentication and cold storage for offline storage of funds. To store your Atom coins safely on BYDFi, create an account, enable two-factor authentication, and follow their recommended security practices. Remember to always use a strong and unique password for your online wallet and regularly monitor your account for any suspicious activity.