How can I securely store my amp tokens on Coinbase?

3 answers

• Dec 24, 2021 · 3 years ago
  One of the best practices for securely storing amp tokens on Coinbase is to enable two-factor authentication (2FA) for your account. This adds an extra layer of security by requiring a verification code in addition to your password when logging in. Additionally, you should consider using a hardware wallet, such as Ledger or Trezor, to store your amp tokens offline. These wallets provide enhanced security by keeping your private keys offline and away from potential online threats. Remember to keep your recovery phrase or seed phrase in a safe place, as it will be needed to restore your wallet in case of loss or damage.
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• Dec 24, 2021 · 3 years ago
  To securely store your amp tokens on Coinbase, you should also enable withdrawal restrictions on your account. This feature adds an extra layer of protection by requiring additional verification steps, such as email confirmation or a time delay, before allowing withdrawals. It helps prevent unauthorized access to your funds in case your account is compromised. Additionally, regularly updating your password and keeping it unique and strong can further enhance the security of your Coinbase account.
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• Dec 24, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of hardware wallets and Coinbase's security features to securely store your amp tokens. By using a hardware wallet, you can keep your private keys offline and away from potential online threats. Coinbase's security features, such as two-factor authentication and withdrawal restrictions, provide additional layers of protection for your amp tokens. Remember to always stay vigilant and keep your devices and accounts secure to minimize the risk of unauthorized access.
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