What security features should I look for in a non custodial crypto wallet?

3 answers

• Nov 24, 2021 · 3 years ago
  When choosing a non custodial crypto wallet, it is crucial to consider several security features. Firstly, make sure the wallet supports multi-factor authentication (MFA) to add an extra layer of protection. Additionally, look for wallets that offer hardware wallet integration, as this provides an offline storage solution that is highly secure. Another important feature to consider is the wallet's encryption capabilities, ensuring that your private keys and sensitive data are encrypted and stored securely. Lastly, check if the wallet has a strong reputation in the crypto community and if it undergoes regular security audits to ensure its reliability and trustworthiness.
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• Nov 24, 2021 · 3 years ago
  You should definitely prioritize security when choosing a non custodial crypto wallet. Look for wallets that offer biometric authentication, such as fingerprint or face recognition, as these provide a convenient and secure way to access your funds. Additionally, consider wallets that have a built-in feature for seed phrase backup and recovery. This ensures that even if you lose your device, you can still recover your funds using the seed phrase. Lastly, opt for wallets that allow you to set transaction limits and require manual approval for large transfers, adding an extra layer of protection against unauthorized transactions.
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• Nov 24, 2021 · 3 years ago
  At BYDFi, we believe that security is of utmost importance when it comes to non custodial crypto wallets. When choosing a wallet, make sure it offers end-to-end encryption to protect your private keys and transactions. Look for wallets that have undergone third-party security audits and have a strong track record of protecting user funds. Additionally, consider wallets that offer decentralized storage solutions, such as IPFS, to ensure that your data is stored securely and cannot be easily tampered with. Remember, always do your own research and choose a wallet that aligns with your security needs and preferences.
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