What are the best practices for self-custodying crypto securely?

3 answers

• ahbiMar 07, 2023 · 2 years ago
  Certainly! When it comes to self-custodying crypto securely, there are a few key practices to keep in mind. First and foremost, make sure to use a hardware wallet, such as a Ledger or Trezor, to store your private keys offline. This greatly reduces the risk of your keys being compromised. Additionally, enable two-factor authentication (2FA) on all of your crypto accounts to add an extra layer of security. Regularly update your software and firmware to ensure you have the latest security patches. Lastly, consider using a passphrase in addition to your private key for added protection. Remember, self-custodying crypto securely requires diligence and staying up to date with the latest security practices.
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• LennianOct 31, 2023 · 2 years ago
  Hey there! If you want to self-custody your crypto securely, here are some best practices to follow. First off, never store your private keys or seed phrases on any online device or cloud storage. Keep them offline and in a safe place, like a hardware wallet or a paper wallet. Avoid sharing your private keys with anyone and be cautious of phishing attempts. Regularly check for software updates and patches for your wallet software. And lastly, consider using a multi-signature wallet for added security. Remember, it's all about taking the necessary precautions to protect your digital assets!
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• bombaMar 28, 2024 · a year ago
  As an expert in the field, I can tell you that self-custodying crypto securely is of utmost importance. At BYDFi, we highly recommend using a hardware wallet to store your private keys offline. This ensures that your keys are not vulnerable to online attacks. Additionally, enabling 2FA on your crypto accounts adds an extra layer of protection. Regularly updating your wallet software and firmware is also crucial to stay ahead of any potential security vulnerabilities. Lastly, consider diversifying your storage solutions by using multiple wallets or even a combination of hardware and software wallets. Remember, self-custodying crypto securely requires a proactive approach to security.
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