What are the best strategies for harvesting and storing crypto assets securely?

3 answers

• Nov 28, 2021 · 3 years ago
  One of the best strategies for securely harvesting and storing crypto assets is to use a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them less vulnerable to hacking or malware attacks. They provide an extra layer of security by keeping your private keys separate from your computer or smartphone. Some popular hardware wallet options include Ledger and Trezor. Make sure to purchase your hardware wallet from a reputable source and follow the manufacturer's instructions for setting it up and using it securely.
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• Nov 28, 2021 · 3 years ago
  Another strategy for secure crypto asset storage is to use a cold storage solution. Cold storage refers to keeping your crypto assets offline, away from the internet. This can be done by using a paper wallet or a hardware wallet that supports cold storage. By keeping your private keys offline, you greatly reduce the risk of them being compromised by hackers or malware. However, it's important to keep your cold storage solution in a safe and secure location to prevent physical theft or damage.
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• Nov 28, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of hardware wallets and cold storage for the most secure crypto asset storage. Hardware wallets provide an excellent level of security for daily transactions, while cold storage ensures that your assets are protected from online threats. It's important to regularly update your hardware wallet's firmware and backup your private keys in a secure location. Additionally, consider using multi-signature wallets for added security, as they require multiple signatures to authorize transactions.
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