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Is it safe to store my crypto on Voyager for the long term?

avatarUnderstandable Have A Great DaDec 25, 2021 · 3 years ago3 answers

I'm considering storing my cryptocurrency on Voyager for the long term. Can anyone provide insights on the safety of using Voyager as a storage solution for my crypto assets? What security measures does Voyager have in place to protect against hacks and theft? Are there any risks associated with storing crypto on Voyager for an extended period of time?

Is it safe to store my crypto on Voyager for the long term?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    As a crypto enthusiast, I understand the importance of security when it comes to storing digital assets. While Voyager has implemented various security measures, such as two-factor authentication and cold storage for funds, it's always recommended to diversify your storage options. Consider using hardware wallets or offline storage solutions for added security. Remember, the saying 'don't put all your eggs in one basket' applies to crypto storage too! 😉
  • avatarDec 25, 2021 · 3 years ago
    Storing crypto on Voyager for the long term can be a convenient option, but it's essential to assess the risks involved. Voyager has a strong security track record and employs industry-standard security practices. However, it's worth noting that no storage solution is completely immune to risks. It's advisable to regularly review your security measures and stay updated on the latest security practices in the crypto industry. Stay vigilant and protect your assets! 💪
  • avatarDec 25, 2021 · 3 years ago
    While I can't speak specifically about Voyager, I can provide some general advice for long-term crypto storage. It's crucial to choose a reputable exchange or storage provider that prioritizes security. Look for platforms that offer features like multi-signature wallets, cold storage, and insurance coverage. Additionally, consider diversifying your storage across multiple platforms to minimize the risk of a single point of failure. Remember, doing your own research and due diligence is key to ensuring the safety of your crypto assets. 👍