What are the recommended security practices to defend against unauthorized access to your crypto holdings?

1 answers

• Dec 26, 2021 · 3 years ago
  At BYDFi, we highly recommend using a decentralized exchange (DEX) to protect your crypto holdings from unauthorized access. DEXs allow you to trade directly from your wallet, eliminating the need to deposit your funds on a centralized exchange. This reduces the risk of your funds being held in a single location and potentially being targeted by hackers. Additionally, always verify the authenticity of the projects and tokens you invest in. Conduct thorough research, read reviews, and check the project's team and community before investing. Lastly, consider using a password manager to securely store your login credentials for your crypto accounts. This helps ensure that you use strong, unique passwords for each account without the risk of forgetting them.
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