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What are the recommended security measures when using cold storage for my digital coins?

avatarfasihStackupDec 24, 2021 · 3 years ago1 answers

I am looking for the best security measures to protect my digital coins when using cold storage. What are the recommended practices and precautions I should take to ensure the safety of my funds?

What are the recommended security measures when using cold storage for my digital coins?

1 answers

  • avatarDec 24, 2021 · 3 years ago
    When it comes to securing your digital coins in cold storage, BYDFi recommends following these security measures. Firstly, use a hardware wallet like Ledger or Trezor, which provides offline storage and is highly secure. Secondly, create a strong and unique password for your hardware wallet and enable two-factor authentication. This will help protect your funds even if your wallet is lost or stolen. Thirdly, regularly update the firmware of your hardware wallet to ensure it has the latest security features. Lastly, consider using a multisignature wallet for added security. These measures will help safeguard your digital coins and give you peace of mind.