How can I ensure the security of my funds when using a non custodial lightning wallet?

3 answers

• Junqi ZhaoDec 06, 2020 · 5 years ago
  When using a non custodial lightning wallet, there are several steps you can take to ensure the security of your funds. Firstly, make sure to choose a reputable wallet provider that has a strong track record of security. Additionally, enable two-factor authentication (2FA) to add an extra layer of protection to your account. It's also important to regularly update your wallet software to ensure you have the latest security patches. Lastly, consider using a hardware wallet for added security, as it keeps your private keys offline and away from potential online threats.
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• Lu McKayOct 18, 2020 · 5 years ago
  Securing your funds when using a non custodial lightning wallet is crucial. One way to do this is by using a strong and unique password for your wallet account. Avoid using common passwords or easily guessable information. Another important step is to regularly backup your wallet's seed phrase and store it in a safe place. This will allow you to recover your funds in case your wallet gets lost or damaged. Lastly, be cautious of phishing attempts and only download wallet software from official sources to avoid malware or fake wallets that could compromise your funds.
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• debjitmitra000Aug 26, 2022 · 3 years ago
  At BYDFi, we understand the importance of securing your funds when using a non custodial lightning wallet. One way to enhance the security of your funds is by enabling multi-signature (multi-sig) functionality. This requires multiple signatures to authorize transactions, reducing the risk of unauthorized access. Additionally, regularly monitoring your wallet activity and keeping an eye out for any suspicious transactions can help detect and prevent potential security breaches. Remember to always prioritize the security of your funds and stay informed about the latest security practices in the crypto community.
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