What precautions should I take when transferring coins from Binance to a paper wallet?

3 answers

• Dec 17, 2021 · 3 years ago
  When transferring coins from Binance to a paper wallet, it's important to double-check the address you're sending the coins to. One small mistake in the address can result in the loss of your coins. Take your time to carefully copy and paste the address or use a QR code to ensure accuracy. Additionally, consider using a trusted and secure computer or device for the transfer to minimize the risk of malware or keyloggers compromising your private keys.
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• Dec 17, 2021 · 3 years ago
  Before transferring your coins, make sure to create a backup of your paper wallet. This backup should be stored in a secure location, such as a safe or a safety deposit box. It's also a good idea to test the transfer with a small amount of coins first to ensure everything is working correctly. Once you're confident in the process, you can proceed with transferring the rest of your coins.
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• Dec 17, 2021 · 3 years ago
  At BYDFi, we recommend following these precautions when transferring coins from Binance to a paper wallet. First, ensure that you're using a reputable paper wallet generator to create your wallet. Avoid using online generators that may be compromised. Second, consider using an offline computer or a hardware wallet to generate your paper wallet address. This adds an extra layer of security by minimizing the risk of your private keys being exposed to the internet. Finally, always double-check the address before initiating the transfer to avoid any potential loss of funds.
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