What are the most secure ways to store cryptocurrency in 2016?

3 answers

• Dec 29, 2021 · 3 years ago
  One of the most secure ways to store cryptocurrency in 2016 was by using hardware wallets. Hardware wallets are physical devices that store your private keys offline, making them less vulnerable to hacking attacks. They provide an extra layer of security by keeping your keys isolated from the internet. Some popular hardware wallets in 2016 were Ledger Nano S and Trezor. These wallets offered advanced security features and were widely trusted by the crypto community.
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• Dec 29, 2021 · 3 years ago
  Another secure method in 2016 was cold storage. Cold storage involves keeping your cryptocurrency offline, away from any internet connection. This can be done by using paper wallets or offline computers. Paper wallets are physical copies of your private keys printed on paper. They are not connected to the internet and are considered highly secure. Offline computers, also known as air-gapped computers, are computers that are never connected to the internet, ensuring that your private keys are not exposed to any online threats.
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• Dec 29, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, also offered secure storage solutions in 2016. They implemented robust security measures, including multi-signature wallets and cold storage. Multi-signature wallets require multiple signatures to authorize transactions, adding an extra layer of security. Cold storage involved keeping the majority of funds offline, away from any potential hacking attempts. BYDFi's secure storage solutions were trusted by many users in 2016.
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