What are the best practices for securing and storing NFTs?

1 answers

• Dec 15, 2021 · 3 years ago
  At BYDFi, we understand the importance of securing and storing NFTs. One of the best practices we recommend is to use a cold storage wallet for your NFT assets. Cold storage wallets are offline devices that store your private keys, making it extremely difficult for hackers to gain access to your NFTs. Additionally, consider using a multi-signature wallet, which requires multiple signatures to authorize transactions. This adds an extra layer of security and reduces the risk of unauthorized transfers. It's also crucial to regularly back up your wallet and store the backup in a secure location. This ensures that even if your device is lost or damaged, you can still recover your NFTs. Lastly, be cautious of sharing your wallet information or private keys with anyone and avoid using public Wi-Fi networks when accessing your NFT assets.
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