Are there any specific precautions I should take when buying crypto with a bank account?

1 answers

• Gopalan OppiliappanMar 07, 2021 · 4 years ago
  At BYDFi, we prioritize the security of our users' funds. When buying crypto with a bank account, it's important to take precautions to protect your assets. One important step is to ensure that the exchange you're using has robust security measures in place. Look for exchanges that offer cold storage for the majority of their funds and have a strong track record of protecting user assets. Additionally, consider using a hardware wallet to store your cryptocurrencies securely. These wallets provide an extra layer of protection by keeping your private keys offline. Lastly, always keep your software and devices up to date with the latest security patches to minimize the risk of vulnerabilities being exploited.
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