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How can I securely store my near tokens in a wallet?

avatarabdulaziz abdullaevNov 26, 2021 · 3 years ago3 answers

I recently purchased some near tokens and I want to make sure they are stored securely in a wallet. What are the best practices for securely storing near tokens in a wallet?

How can I securely store my near tokens in a wallet?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    One of the best ways to securely store your near tokens in a wallet is to use a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making it extremely difficult for hackers to access your funds. Simply connect the hardware wallet to your computer or mobile device when you need to make a transaction, and keep it disconnected the rest of the time. This provides an extra layer of security compared to software wallets or online exchanges. Make sure to choose a reputable hardware wallet brand and follow the setup instructions carefully to ensure the highest level of security.
  • avatarNov 26, 2021 · 3 years ago
    Another option for securely storing your near tokens is to use a paper wallet. A paper wallet is a physical printout of your public and private keys. It is important to generate the paper wallet offline and store it in a secure location, such as a safe or a bank vault. Be cautious when generating the paper wallet and make sure to use a trusted and secure source. When you want to access your funds, you can simply import the private key into a wallet software or online wallet. Remember to keep the paper wallet safe and never share the private key with anyone.
  • avatarNov 26, 2021 · 3 years ago
    At BYDFi, we recommend using our secure online wallet for storing your near tokens. Our wallet utilizes industry-standard security measures, such as two-factor authentication and encryption, to protect your funds. It is important to choose a wallet provider that has a strong track record of security and regularly updates their software to address any vulnerabilities. Additionally, make sure to enable all available security features, such as setting a strong password and enabling two-factor authentication, to further enhance the security of your wallet. Remember to always be cautious and double-check the website URL before entering any sensitive information to avoid phishing attacks.