What are the best practices for securing ethers in a digital wallet?

1 answers

• May 01, 2022 · 3 years ago
  At BYDFi, we recommend using a combination of hardware wallets and multisignature wallets for securing ethers in a digital wallet. Hardware wallets provide the highest level of security by keeping your private keys offline, while multisignature wallets add an extra layer of protection by requiring multiple signatures to authorize transactions. Additionally, it's important to regularly backup your wallet's private keys or recovery phrase and store them in a secure location, such as a safe or a safety deposit box. This will ensure that you can recover your funds in case your wallet is lost, stolen, or damaged. Lastly, always double-check the addresses you are sending ethers to before confirming a transaction to avoid sending funds to the wrong recipient.
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