How can I securely store my XCH crypto?

3 answers

• May 06, 2022 · 3 years ago
  One of the best ways to securely store your XCH crypto is by using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them less vulnerable to hacking or online attacks. Examples of popular hardware wallets include Ledger and Trezor. Simply transfer your XCH crypto to the hardware wallet and keep it in a safe place, like a locked drawer or a safe deposit box.
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• May 06, 2022 · 3 years ago
  Another secure option is to use a paper wallet. A paper wallet is a physical printout of your XCH crypto's public and private keys. You can generate a paper wallet using a trusted online generator and then print it out. Make sure to keep the printout in a secure location, such as a fireproof safe or a bank vault. Just remember to keep the paper wallet away from moisture and potential damage.
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• May 06, 2022 · 3 years ago
  At BYDFi, we recommend using a combination of hardware wallets and multi-signature wallets for maximum security. Hardware wallets provide offline storage, while multi-signature wallets require multiple signatures to authorize transactions. This adds an extra layer of protection to your XCH crypto. Additionally, regularly updating your wallet software and using strong, unique passwords can further enhance the security of your XCH crypto storage.
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