common-close-0
BYDFi
Trade wherever you are!

How can I securely store my cylum coins?

avatarSundaemonDec 25, 2021 · 3 years ago3 answers

I recently purchased some cylum coins and I want to make sure they are stored securely. What are the best practices for securely storing my cylum coins?

How can I securely store my cylum coins?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    One of the best ways to securely store your cylum coins is by using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them less susceptible to hacking. They provide an extra layer of security by keeping your private keys isolated from your computer or smartphone. Some popular hardware wallets for storing cylum coins include Ledger Nano S and Trezor.
  • avatarDec 25, 2021 · 3 years ago
    Another option for securely storing your cylum coins is by using a paper wallet. A paper wallet is a physical printout of your private and public keys. It is considered one of the most secure methods as it keeps your keys offline and away from potential online threats. However, it's important to keep your paper wallet in a safe and secure place to avoid loss or damage.
  • avatarDec 25, 2021 · 3 years ago
    At BYDFi, we recommend using a combination of hardware wallets and offline storage methods to securely store your cylum coins. This ensures that even if one method fails, you still have a backup. Remember to always keep your private keys safe and never share them with anyone. Additionally, regularly updating your wallet software and using strong passwords can further enhance the security of your cylum coins.