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How can I safely store my plaz tokens?

avatarTarun JindalDec 28, 2021 · 3 years ago3 answers

I recently acquired some plaz tokens and I want to make sure they are stored securely. What are the best practices for safely storing plaz tokens to prevent loss or theft?

How can I safely store my plaz tokens?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    One of the safest ways to store plaz tokens is by using a hardware wallet. Hardware wallets are physical devices that store your tokens offline, making them immune to online threats such as hacking or phishing attacks. These wallets usually require a PIN or password to access, adding an extra layer of security. Some popular hardware wallets for plaz tokens include Ledger and Trezor. Make sure to purchase the wallet directly from the manufacturer's official website to avoid counterfeit devices.
  • avatarDec 28, 2021 · 3 years ago
    If you prefer a more convenient option, you can also store your plaz tokens in a software wallet. Software wallets are applications that you can install on your computer or mobile device. It's important to choose a reputable wallet with a strong track record of security. Examples of popular software wallets for plaz tokens include MetaMask and MyEtherWallet. Remember to keep your software and operating system up to date to minimize the risk of vulnerabilities.
  • avatarDec 28, 2021 · 3 years ago
    Another option for storing your plaz tokens is by using a third-party custodial service like BYDFi. These services manage your tokens on your behalf, providing an added layer of convenience. However, it's important to research and choose a reputable custodial service with a strong security track record. Remember to always enable two-factor authentication and use a strong, unique password for your account. It's also recommended to keep only a portion of your plaz tokens in a custodial service and store the rest in a hardware or software wallet for added security.