How can I safely store my Arbitrum crypto after purchasing?

3 answers

• May 03, 2022 · 3 years ago
  One of the best ways to store your Arbitrum crypto securely is by using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them less susceptible to hacking or theft. They provide an extra layer of security by keeping your private keys separate from your computer or smartphone. Some popular hardware wallets that support Arbitrum crypto include Ledger and Trezor. Make sure to follow the manufacturer's instructions for setting up and using the hardware wallet.
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• May 03, 2022 · 3 years ago
  Another option for storing your Arbitrum crypto securely is by using a software wallet. Software wallets are applications that you can install on your computer or smartphone. They provide a convenient way to access your crypto assets while still maintaining a certain level of security. Some popular software wallets that support Arbitrum crypto include MetaMask and Trust Wallet. When using a software wallet, it is important to keep your device and software up to date and to use strong, unique passwords.
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• May 03, 2022 · 3 years ago
  At BYDFi, we recommend using a combination of hardware and software wallets to store your Arbitrum crypto securely. By using both types of wallets, you can benefit from the security features of hardware wallets while still enjoying the convenience of software wallets. Remember to always keep your private keys and recovery phrases in a safe and secure location, such as a safe deposit box or a hardware wallet backup. Additionally, consider enabling two-factor authentication (2FA) for an extra layer of security when accessing your crypto assets.
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