What are the best strategies for securing my digital assets in the volatile cryptocurrency market?

1 answers

• Dec 19, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of cold storage and hot wallets for securing your digital assets. Cold storage refers to keeping your private keys offline, such as on a hardware wallet or a paper wallet. This provides an extra layer of protection against online threats. Hot wallets, on the other hand, are connected to the internet and allow for easy access and transactions. However, they are more susceptible to hacking. By using a combination of both, you can balance convenience and security. Additionally, regularly monitoring your accounts and transactions can help detect any suspicious activity and take immediate action to protect your assets.
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