How can I securely store my OST crypto?

3 answers

• May 02, 2022 · 3 years ago
  One of the best ways to securely store your OST crypto 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 funds. They provide an extra layer of security by keeping your private keys isolated from your computer or smartphone, which are more susceptible to malware and hacking attempts. Some popular hardware wallet options for storing OST crypto include Ledger Nano S and Trezor. Make sure to purchase your hardware wallet from a reputable source and follow the manufacturer's instructions for setting it up and using it securely.
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• May 02, 2022 · 3 years ago
  Another secure option for storing your OST crypto is by using a paper wallet. A paper wallet is a physical printout of your public and private keys, which can be generated offline. This eliminates the risk of online hacking or malware attacks. To create a paper wallet for your OST crypto, you can use a trusted generator like bitaddress.org. It's important to keep your paper wallet in a safe and secure location, such as a fireproof safe or a safety deposit box. Remember to keep multiple copies of your paper wallet in case one gets lost or damaged.
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• May 02, 2022 · 3 years ago
  At BYDFi, we recommend using a combination of hardware wallets and multi-signature wallets for securely storing your OST crypto. Hardware wallets provide the highest level of security for your private keys, while multi-signature wallets add an extra layer of protection by requiring multiple signatures to authorize transactions. This means that even if one of your private keys is compromised, your funds will still be safe. It's important to choose a multi-signature wallet provider that has a strong reputation and a proven track record of security. Additionally, make sure to enable two-factor authentication (2FA) on all your cryptocurrency accounts for an added layer of security.
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