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How can I securely store my OG Crypto and other digital assets?

avatarMichael GillDec 26, 2021 · 3 years ago3 answers

What are the best practices for securely storing OG Crypto and other digital assets?

How can I securely store my OG Crypto and other digital assets?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    One of the best practices for securely storing OG Crypto and other digital assets is to use a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them less vulnerable to hacking. They provide an extra layer of security by keeping your private keys isolated from your computer or smartphone, which are more susceptible to malware and phishing attacks. Some popular hardware wallet options include Ledger and Trezor. Make sure to purchase your hardware wallet from a trusted source and follow the manufacturer's instructions for setting it up and using it securely.
  • avatarDec 26, 2021 · 3 years ago
    Another secure storage option for OG Crypto and other digital assets is using a paper wallet. A paper wallet is a physical printout of your private and public keys. It is generated offline and can be stored in a secure location, such as a safe deposit box. Paper wallets are not connected to the internet, which reduces the risk of hacking. However, it's important to keep your paper wallet safe from physical damage and theft. Additionally, make sure to generate your paper wallet using a trusted and secure offline tool.
  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we recommend using a combination of hardware wallets and secure offline storage for storing OG Crypto and other digital assets. Hardware wallets provide an excellent level of security for everyday transactions, while offline storage offers an extra layer of protection for long-term storage. It's important to regularly update your hardware wallet's firmware and keep your offline storage devices in a secure location. Remember to always backup your private keys and store them in multiple secure locations, such as encrypted USB drives or password-protected cloud storage.