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How can I securely store and manage my Tezos coin?

avatarSamuel KamauDec 29, 2021 · 3 years ago3 answers

I recently purchased some Tezos coins and I want to ensure their security. What are the best practices for securely storing and managing Tezos coins?

How can I securely store and manage my Tezos coin?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    One of the best ways to securely store and manage your Tezos coins is by using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them less vulnerable to hacking or online attacks. Some popular hardware wallets that support Tezos include Ledger and Trezor. Simply connect the hardware wallet to your computer or mobile device, follow the setup instructions, and transfer your Tezos coins to the wallet. This way, your private keys are never exposed to the internet and your coins are kept safe.
  • avatarDec 29, 2021 · 3 years ago
    Another option for securely storing and managing your Tezos coins is by using a software wallet. Software wallets are applications that you can install on your computer or mobile device. They provide a convenient way to access and manage your Tezos coins, but they are more vulnerable to hacking compared to hardware wallets. Make sure to choose a reputable software wallet and enable all available security features, such as two-factor authentication and encryption. Additionally, regularly update your software wallet to the latest version to protect against potential vulnerabilities.
  • avatarDec 29, 2021 · 3 years ago
    At BYDFi, we recommend using our secure online wallet for storing and managing your Tezos coins. Our wallet employs advanced security measures, including multi-signature technology and cold storage for enhanced protection. To get started, simply create an account on our platform, complete the necessary verification process, and transfer your Tezos coins to your wallet. Rest assured that your coins will be stored securely and you'll have easy access to manage them whenever you need.