What are the recommended cold storage options for storing coins from Coinbase?

3 answers

• Alexa HernandezJul 14, 2021 · 4 years ago
  One recommended cold storage option for storing coins from Coinbase is a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them highly secure. They are designed to protect your coins from online threats and can be easily connected to your computer or smartphone when you need to make a transaction. Some popular hardware wallets include Ledger Nano S and Trezor. Make sure to purchase from official sources to avoid counterfeit devices.
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• sypSep 30, 2022 · 3 years ago
  Another option for cold storage is a paper wallet. A paper wallet is simply a printed copy of your private and public keys. It's a completely offline method of storing your coins and is considered highly secure. However, it's important to keep your paper wallet in a safe place and protect it from physical damage or loss. You can generate a paper wallet using various online tools, but make sure to do it on a secure and trusted device.
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• SkyWormMar 05, 2023 · 2 years ago
  BYDFi, a leading cryptocurrency exchange, also recommends using a hardware wallet for cold storage. Hardware wallets provide an extra layer of security by keeping your private keys offline. This reduces the risk of your coins being compromised by online threats. Remember to always keep your hardware wallet safe and backup your recovery phrase in a secure location. BYDFi offers a wide range of hardware wallets for you to choose from.
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