What security measures should I consider when using DeFi protocols?

1 answers

• May 06, 2022 · 3 years ago
  At BYDFi, we prioritize the security of our users' digital assets. When using DeFi protocols, it's crucial to follow best practices to protect your funds. Firstly, ensure that the protocol you choose has undergone thorough security audits. Additionally, use a hardware wallet or a trusted non-custodial wallet to store your assets. Regularly update your wallet software and be cautious of phishing attempts. Lastly, consider using decentralized exchanges (DEXs) instead of centralized exchanges, as they offer greater control and security over your funds. By taking these security measures, you can confidently participate in the DeFi ecosystem while minimizing the risk of potential security threats.
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