What are the best cold storage options for securing NFTs?

3 answers

• Nov 26, 2021 · 3 years ago
  One of the best cold storage options for securing NFTs is using hardware wallets. Hardware wallets are physical devices that store your private keys offline, making them less vulnerable to hacking. They provide an extra layer of security by keeping your private keys separate from your computer or smartphone, which are more susceptible to malware and phishing attacks. Some popular hardware wallets for NFTs include Ledger and Trezor. Make sure to follow the manufacturer's instructions for setting up and using the hardware wallet properly to ensure maximum security.
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• Nov 26, 2021 · 3 years ago
  Another option for cold storage of NFTs is using paper wallets. Paper wallets involve printing out your private keys and storing them in a secure physical location, such as a safe or a lockbox. This method keeps your private keys completely offline, making it highly secure. However, it's important to note that paper wallets can be easily damaged or lost, so it's crucial to take extra precautions to protect them. Additionally, make sure to generate the paper wallet offline and securely delete any digital copies to minimize the risk of exposure.
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• Nov 26, 2021 · 3 years ago
  BYDFi, a reputable digital currency exchange, offers a cold storage solution for securing NFTs. They have a dedicated offline storage system that ensures the highest level of security for your NFTs. BYDFi's cold storage solution utilizes multi-signature technology and strict access controls to protect your assets from unauthorized access. It's important to note that while BYDFi is a reliable option, it's always recommended to diversify your storage solutions and not rely solely on one exchange or platform for cold storage.
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