How can I safely store my pawn-it tokens?

3 answers

• Dec 27, 2021 · 3 years ago
  One of the best ways to safely store your pawn-it tokens is by using a hardware wallet. Hardware wallets are physical devices that store your tokens offline, making them less vulnerable to hacking or online attacks. They provide an extra layer of security by keeping your private keys offline and require physical confirmation for transactions. Popular hardware wallets include Ledger and Trezor. Make sure to purchase your hardware wallet from a reputable source and follow the manufacturer's instructions for setting it up and using it securely.
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• Dec 27, 2021 · 3 years ago
  Another option for storing your pawn-it tokens safely is by using a paper wallet. A paper wallet is a physical printout or handwritten copy of your public and private keys. It is important to generate the paper wallet offline and store it in a secure location, such as a safe or a safety deposit box. Be cautious when generating the paper wallet and ensure that you are using a trusted and secure website or software to generate it. Remember to keep multiple copies of the paper wallet in different secure locations to prevent loss or damage.
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• Dec 27, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of hardware wallets and multi-signature wallets to store your pawn-it tokens securely. Hardware wallets provide offline storage and multi-signature wallets require multiple signatures to authorize transactions, adding an extra layer of security. It is important to regularly update the firmware of your hardware wallet and keep your software wallets up to date to protect against any potential vulnerabilities. Additionally, always be cautious of phishing attempts and make sure to verify the authenticity of any wallet software or website before entering your private keys.
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