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How can I safely store my flow tokens in a digital wallet?

avatarMax 2000Dec 24, 2021 · 3 years ago3 answers

I recently purchased some flow tokens and I want to make sure they are stored securely in a digital wallet. What are the best practices for safely storing flow tokens in a digital wallet?

How can I safely store my flow tokens in a digital wallet?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    To safely store your flow tokens in a digital wallet, you should consider using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, providing an extra layer of security. Some popular hardware wallets for storing flow tokens include Ledger and Trezor. Make sure to purchase the hardware wallet from an official and trusted source to avoid counterfeit devices. Once you have the hardware wallet, follow the instructions provided to set it up and transfer your flow tokens to the wallet. Remember to keep your recovery phrase in a safe place, as it is the only way to restore access to your wallet if it gets lost or damaged.
  • avatarDec 24, 2021 · 3 years ago
    If you prefer a software wallet, make sure to choose one that is reputable and has a strong track record of security. Look for wallets that offer features like multi-factor authentication and encryption. It's also a good idea to regularly update your wallet software to ensure you have the latest security patches. Additionally, consider enabling two-factor authentication for any accounts associated with your flow tokens to add an extra layer of protection. Remember to never share your private keys or recovery phrase with anyone and be cautious of phishing attempts or suspicious links.
  • avatarDec 24, 2021 · 3 years ago
    At BYDFi, we recommend using a hardware wallet to store your flow tokens. Hardware wallets provide the highest level of security by keeping your private keys offline. They are resistant to malware and hacking attempts, making them a reliable choice for storing your flow tokens. Ledger and Trezor are two popular hardware wallet brands that support flow tokens. Make sure to purchase the hardware wallet from an official and trusted source to ensure its authenticity. Once you have the hardware wallet, follow the instructions provided to set it up and transfer your flow tokens. Remember to keep your recovery phrase in a safe place, as it is the only way to restore access to your wallet if it gets lost or damaged.