What steps can you take to ensure you have full control over your wallet and crypto?

3 answers

• Jerome ShandOct 07, 2022 · 3 years ago
  One important step to ensure full control over your wallet and crypto is to use a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them less vulnerable to hacking or online attacks. By keeping your private keys offline, you can protect your funds even if your computer or smartphone is compromised. Additionally, it's crucial to regularly update your wallet software and use strong, unique passwords to prevent unauthorized access. Lastly, make sure to enable two-factor authentication (2FA) whenever possible to add an extra layer of security to your wallet.
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• Perry VindOct 27, 2020 · 5 years ago
  To have complete control over your wallet and crypto, it's essential to back up your wallet regularly. This can be done by securely storing a copy of your wallet's recovery phrase or private key in a safe place. By having a backup, you can restore your wallet and access your funds even if your device is lost, stolen, or damaged. It's also recommended to use wallets that allow you to be in full control of your private keys, as some custodial wallets may limit your control over your funds. Remember to keep your backup offline and in a secure location to prevent unauthorized access.
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• thorrfinnnFeb 18, 2023 · 3 years ago
  At BYDFi, we prioritize the security and control of our users' wallets and crypto. One of the steps you can take to ensure full control is to use our non-custodial wallet. With our wallet, you have complete control over your private keys, meaning you are the sole owner of your funds. Additionally, we recommend enabling multi-factor authentication (MFA) and regularly reviewing your transaction history to detect any suspicious activity. By taking these steps, you can have peace of mind knowing that you have full control over your wallet and crypto.
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