What are the best practices for storing Monero securely?

3 answers

• Dec 17, 2021 · 3 years ago
  One of the best practices for securely storing Monero is to use a hardware wallet, such as Ledger or Trezor. These wallets store your private keys offline, making it extremely difficult for hackers to gain access. Additionally, enabling two-factor authentication (2FA) on your wallet and using a strong, unique password can further enhance security. It's also important to regularly update your wallet software and keep your operating system and antivirus software up to date to protect against potential vulnerabilities. Lastly, consider storing your backup seed phrase in a secure location, such as a safe deposit box or a fireproof safe.
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• Dec 17, 2021 · 3 years ago
  When it comes to storing Monero securely, it's crucial to avoid using online wallets or exchanges as they can be vulnerable to hacking attempts. Instead, opt for a cold storage solution like a paper wallet or a hardware wallet. These offline storage options provide an extra layer of security by keeping your private keys offline and away from potential online threats. Remember to keep your wallet software and operating system updated, and be cautious of phishing attempts or suspicious links that could compromise your security.
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• Dec 17, 2021 · 3 years ago
  At BYDFi, we highly recommend using a hardware wallet to securely store your Monero. Hardware wallets offer the highest level of security by keeping your private keys offline and protected from potential online threats. Additionally, enabling 2FA and using a strong password can further enhance the security of your wallet. Regularly updating your wallet software and being cautious of phishing attempts are also important practices to ensure the safety of your Monero holdings.
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