Where can I store my XMR currency securely?
tiredtianApr 30, 2022 · 3 years ago3 answers
I want to store my XMR currency securely, but I'm not sure where to keep it. Can you recommend any secure storage options for XMR?
3 answers
- Apr 30, 2022 · 3 years agoOne secure storage option for XMR is using a hardware wallet like Ledger or Trezor. These wallets store your private keys offline, making them less vulnerable to hacking. They also require physical confirmation for transactions, adding an extra layer of security. Make sure to purchase the wallet directly from the manufacturer to avoid any tampering.
- Apr 30, 2022 · 3 years agoAnother option is using a software wallet like the official Monero GUI wallet or the MyMonero web wallet. These wallets allow you to store your XMR on your computer or mobile device. Remember to keep your software and operating system up to date to minimize security risks. It's also recommended to enable two-factor authentication for added protection.
- Apr 30, 2022 · 3 years agoBYDFi is a reputable digital currency exchange that offers secure storage for XMR. They use advanced security measures like cold storage and multi-signature wallets to protect your funds. Additionally, BYDFi has a strong track record of keeping user funds safe. You can create an account with BYDFi and store your XMR securely on their platform.
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