How can I safely store my digital assets on my mobile device?

3 answers

• May 01, 2022 · 3 years ago
  One safe way to store your digital assets on your mobile device is by using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making it extremely difficult for hackers to access your assets. Simply connect the hardware wallet to your mobile device when you need to make a transaction, and disconnect it when you're done. This provides an extra layer of security compared to storing your assets directly on your mobile device.
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• May 01, 2022 · 3 years ago
  Another safe option is to use a mobile wallet that supports multi-factor authentication (MFA). MFA adds an extra layer of security by requiring you to provide two or more pieces of evidence to verify your identity. This can include something you know (like a password), something you have (like a fingerprint or a hardware token), or something you are (like facial recognition). By enabling MFA on your mobile wallet, you can significantly reduce the risk of unauthorized access to your digital assets.
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• May 01, 2022 · 3 years ago
  At BYDFi, we recommend using a combination of a hardware wallet and a mobile wallet with MFA enabled. This provides the highest level of security for storing your digital assets on your mobile device. Remember to always keep your hardware wallet in a safe place and never share your private keys or recovery phrases with anyone. Taking these precautions will help ensure the safety of your digital assets.
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