common-close-0
BYDFi
Trade wherever you are!

How can I safely store my digital currencies and protect them from hackers?

avatarGunnar SutterDec 19, 2021 · 3 years ago1 answers

I want to ensure the security of my digital currencies and protect them from hackers. What are some safe storage methods and best practices I can follow?

How can I safely store my digital currencies and protect them from hackers?

1 answers

  • avatarDec 19, 2021 · 3 years ago
    Storing your digital currencies safely is crucial to protect them from hackers. One option is to use a hardware wallet, which is a physical device that stores your private keys offline. This makes it extremely difficult for hackers to access your funds. Some popular hardware wallets include Ledger and Trezor. Another option is to use a paper wallet, which is a physical printout of your private and public keys. Make sure to generate the paper wallet offline and store it in a secure location. Enabling two-factor authentication (2FA) on your exchange accounts adds an extra layer of security. Lastly, keep your software wallets updated and use strong passwords. Avoid sharing your private keys or wallet recovery phrases with anyone.