What are the best strategies to secure my crypto assets?

3 answers

• May 06, 2022 · 3 years ago
  One of the best strategies to secure your crypto assets is to use 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 compared to software wallets or exchanges. Make sure to choose a reputable hardware wallet brand and follow the instructions carefully to set it up and backup your recovery phrase.
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• May 06, 2022 · 3 years ago
  Another important strategy is to enable two-factor authentication (2FA) on all your crypto accounts. This adds an extra layer of security by requiring a second verification step, usually through a mobile app or SMS code, in addition to your password. It helps protect your accounts from unauthorized access even if your password is compromised.
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• May 06, 2022 · 3 years ago
  At BYDFi, we recommend diversifying your crypto assets across different wallets and exchanges. This reduces the risk of losing all your funds in case one wallet or exchange is compromised. Additionally, regularly updating your software wallets and keeping your operating system and antivirus software up to date can help protect against potential vulnerabilities.
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