What are the best practices for storing NFTs on a Ledger wallet?

3 answers

• Dec 28, 2021 · 3 years ago
  When it comes to storing NFTs on a Ledger wallet, there are a few best practices to keep in mind. First, make sure you're using the official Ledger Live app and firmware. This will ensure that you have the latest security updates and features. Second, always double-check the address you're sending your NFTs to. It's easy to make a mistake and send them to the wrong address, so take your time and verify the address before confirming the transaction. Third, consider enabling a passphrase on your Ledger wallet. This adds an extra layer of security by requiring a passphrase in addition to your PIN. Finally, regularly update your Ledger wallet's firmware to stay protected against any potential vulnerabilities. By following these best practices, you can ensure the safe storage of your NFTs on a Ledger wallet.
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• Dec 28, 2021 · 3 years ago
  Storing NFTs on a Ledger wallet is a great way to keep them secure. One best practice is to always keep your Ledger wallet disconnected from the internet when you're not using it. This minimizes the risk of any unauthorized access to your wallet. Additionally, make sure to store your recovery phrase in a safe and secure location. This is crucial in case your Ledger wallet is lost, stolen, or damaged. Another tip is to regularly check for firmware updates for your Ledger wallet. These updates often include important security patches that can help protect your NFTs. Lastly, consider using a hardware wallet like Ledger for your NFT storage, as it provides an extra layer of security compared to software wallets.
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• Dec 28, 2021 · 3 years ago
  At BYDFi, we recommend the following best practices for storing NFTs on a Ledger wallet. First, ensure that you're purchasing your Ledger wallet from an authorized and reputable source. This will help minimize the risk of receiving counterfeit or compromised devices. Second, always verify the authenticity of the Ledger Live app before installing it. Scammers may create fake versions of the app to steal your NFTs. Third, regularly check for firmware updates and install them promptly. These updates often include important security enhancements. Fourth, consider using a strong and unique PIN for your Ledger wallet. Avoid using easily guessable PINs or sharing them with anyone. Finally, keep your recovery phrase offline and in a secure location. Following these best practices will help ensure the safety of your NFTs on a Ledger wallet.
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