Is it safe to store my cryptocurrency on Apple Pay?

3 answers

• Dec 27, 2021 · 3 years ago
  Storing cryptocurrency on Apple Pay can be convenient, but it's important to consider the security risks. While Apple Pay itself has strong security measures in place, it's worth noting that storing cryptocurrency on any third-party platform introduces an additional level of risk. If the platform is compromised, your funds could be at risk. It's generally recommended to store your cryptocurrency in a secure wallet that you control, rather than relying on a third-party service like Apple Pay.
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• Dec 27, 2021 · 3 years ago
  In terms of convenience, Apple Pay is a great option for making everyday purchases. However, when it comes to storing cryptocurrency, it's important to prioritize security. While Apple Pay has its own security measures, it's always a good idea to keep your cryptocurrency in a dedicated wallet that you control. This way, you have full control over your funds and can ensure they are stored securely.
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• Dec 27, 2021 · 3 years ago
  As an expert from BYDFi, I would advise against storing your cryptocurrency on Apple Pay. While Apple Pay is a convenient payment method, it's not designed for long-term storage of digital assets. It's always safer to use a dedicated cryptocurrency wallet that allows you to control your private keys. This way, you have full ownership and control over your funds, reducing the risk of potential security breaches.
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