What precautions should I take to prevent the loss of my 12-word recovery phrase for my digital currency wallet?

3 answers

• May 04, 2022 · 3 years ago
  One precaution you can take is to write down your 12-word recovery phrase on a piece of paper and store it in a secure location, such as a safe deposit box or a locked drawer in your home. This way, even if your digital wallet is lost or stolen, you can still recover your funds by using the recovery phrase.
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• May 04, 2022 · 3 years ago
  Another precaution is to create multiple copies of your recovery phrase and store them in different secure locations. This provides an extra layer of protection in case one copy gets lost or damaged. Just make sure to keep the copies in separate physical locations to minimize the risk of all copies being lost at once.
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• May 04, 2022 · 3 years ago
  At BYDFi, we recommend using a hardware wallet to store your digital currency. Hardware wallets are physical devices that securely store your recovery phrase offline, reducing the risk of it being exposed to online threats. They also often have additional security features, such as PIN codes and encryption, to further protect your funds.
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