Are external wallets safe for storing my crypto?

3 answers

• Isa100Sep 20, 2020 · 5 years ago
  Yes, external wallets can be a safe option for storing your crypto. These wallets are designed with advanced security features to protect your funds. However, it's important to choose a reputable and trusted wallet provider to ensure the highest level of security. Make sure to do thorough research and read reviews before selecting an external wallet. Additionally, consider using hardware wallets, such as Ledger or Trezor, for added security. These wallets store your private keys offline, making them less vulnerable to hacking attempts.
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• BeeasyAug 01, 2022 · 3 years ago
  External wallets can be safe, but it's crucial to take precautions. Always double-check the wallet provider's reputation and security measures. Look for wallets that offer two-factor authentication and encryption. Keep your wallet software and devices up to date to protect against potential vulnerabilities. It's also recommended to use a separate computer or mobile device solely for cryptocurrency-related activities to minimize the risk of malware or phishing attacks. Remember, your security is in your hands.
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• kdrgllrJan 22, 2023 · 2 years ago
  As a representative from BYDFi, I can assure you that external wallets are generally safe for storing your crypto. However, it's essential to choose a wallet provider that prioritizes security and has a strong track record. BYDFi recommends using hardware wallets for maximum security. These wallets store your private keys offline, making them less susceptible to online threats. Remember to always keep your wallet software updated and enable additional security features, such as two-factor authentication, to further protect your funds.
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