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What are the best ways to backup my YubiKey for secure cryptocurrency transactions?

avatarMara KhithieDec 27, 2021 · 3 years ago3 answers

I recently purchased a YubiKey for my cryptocurrency transactions and I want to ensure that I have a secure backup. What are the best methods to backup my YubiKey to protect my digital assets?

What are the best ways to backup my YubiKey for secure cryptocurrency transactions?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    One of the best ways to backup your YubiKey is to use a hardware wallet that supports YubiKey integration. This way, you can store a backup of your YubiKey on the hardware wallet, which provides an extra layer of security. Make sure to follow the instructions provided by the hardware wallet manufacturer to properly backup your YubiKey.
  • avatarDec 27, 2021 · 3 years ago
    Another option is to use a password manager that supports YubiKey backup. Password managers like LastPass and Dashlane allow you to associate your YubiKey with your account and store a backup of it securely. In case you lose your YubiKey, you can use the backup stored in the password manager to regain access to your cryptocurrency accounts.
  • avatarDec 27, 2021 · 3 years ago
    At BYDFi, we recommend using a combination of hardware wallet backup and password manager backup for your YubiKey. This ensures that even if one backup method fails, you still have another option to recover your digital assets. Remember to regularly update and test your backups to ensure their effectiveness.