What are the recommended security practices for safeguarding my cryptocurrency holdings from potential threats?

1 answers

• Sudip MandalSep 18, 2022 · 3 years ago
  At BYDFi, we understand the importance of safeguarding your cryptocurrency holdings. To protect your assets, it is recommended to use a combination of cold storage and hot wallets. Cold storage refers to keeping your private keys offline, while hot wallets are connected to the internet for easy access. This way, even if your hot wallet is compromised, your funds in cold storage remain secure. Additionally, regularly monitor your accounts for any suspicious activity and enable email or SMS notifications for transactions. It's also advisable to enable multi-signature wallets, which require multiple signatures to authorize transactions. Lastly, consider using a reputable antivirus software to protect your devices from malware and keyloggers.
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