What are the best ways to securely store my coins on a ledger wallet?

3 answers

• Nov 28, 2021 · 3 years ago
  One of the best ways to securely store your coins on a ledger wallet is to enable two-factor authentication (2FA). This adds an extra layer of security by requiring a second form of verification, such as a code sent to your mobile device, in addition to your password. It helps protect against unauthorized access even if your password is compromised. Make sure to enable 2FA on your ledger wallet for enhanced security.
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• Nov 28, 2021 · 3 years ago
  When it comes to securely storing your coins on a ledger wallet, it's important to keep your recovery phrase safe. The recovery phrase is a set of words that can be used to restore your wallet in case of loss or damage. Write down your recovery phrase on a piece of paper and store it in a secure location, such as a safe or a lockbox. Avoid storing it digitally or sharing it with anyone to prevent potential hacks or thefts.
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• Nov 28, 2021 · 3 years ago
  At BYDFi, we highly recommend using a hardware wallet like the ledger wallet for secure storage of your coins. Hardware wallets provide an extra layer of security by keeping your private keys offline, away from potential online threats. They are designed to protect your funds even if your computer or mobile device is compromised. Invest in a ledger wallet to ensure the highest level of security for your coins.
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