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How can I securely store my oxsq tokens?

avatarDavid YongDec 29, 2021 · 3 years ago3 answers

I recently purchased oxsq tokens and I want to make sure they are stored securely. What are the best practices for securely storing oxsq tokens?

How can I securely store my oxsq tokens?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    To securely store your oxsq tokens, you should consider using a hardware wallet such as Ledger or Trezor. These wallets store your tokens offline, providing an extra layer of security. Make sure to keep your wallet's recovery phrase in a safe place and never share it with anyone. Additionally, enable two-factor authentication (2FA) on your wallet and use a strong, unique password. Regularly update your wallet's firmware and keep your computer and antivirus software up to date to protect against malware and phishing attacks.
  • avatarDec 29, 2021 · 3 years ago
    One option for securely storing your oxsq tokens is to use a paper wallet. A paper wallet is a physical copy of your wallet's public and private keys. It's important to generate the paper wallet offline and store it in a secure location, such as a safe or a safety deposit box. Be cautious when entering your private key online and make sure to double-check the website's URL to avoid phishing scams. Remember to keep your paper wallet safe from fire, water, and other potential hazards.
  • avatarDec 29, 2021 · 3 years ago
    At BYDFi, we recommend using a decentralized wallet like MetaMask or Trust Wallet to securely store your oxsq tokens. These wallets allow you to have full control over your private keys and provide a user-friendly interface for managing your tokens. Remember to keep your wallet's seed phrase safe and never share it with anyone. It's also a good practice to regularly check for wallet updates and only download wallet software from trusted sources. Stay vigilant against phishing attempts and always verify the authenticity of the websites you visit.