How can I safely store my Shibarium coin after purchasing?

3 answers

• Jeremy AlonsoSep 13, 2020 · 5 years ago
  To safely store your Shibarium coin after purchasing, you should consider using a hardware wallet. Hardware wallets are physical devices that store your cryptocurrency offline, making them less vulnerable to hacking or online threats. Some popular hardware wallet options for Shibarium coin include Ledger and Trezor. These wallets provide a secure way to store your Shibarium coin and require you to physically confirm transactions, adding an extra layer of protection. Make sure to keep your hardware wallet in a safe place and backup your wallet's recovery phrase in case of loss or damage.
  593

  297
• Buzlu MeybuzOct 27, 2023 · 2 years ago
  When it comes to storing Shibarium coin, security should be your top priority. One option is to use a cold storage wallet, which is not connected to the internet. This significantly reduces the risk of hacking or theft. Another option is to use a software wallet, but make sure to choose a reputable one with strong security measures in place. Additionally, enable two-factor authentication for added security. Remember to regularly update your wallet software and keep your operating system and antivirus software up to date to protect against any potential vulnerabilities.
  575

  192
• Dhandapani ASep 24, 2024 · 10 months ago
  BYDFi, a leading cryptocurrency exchange, recommends using a combination of cold storage and software wallets for storing Shibarium coin. Cold storage wallets, such as hardware wallets, provide the highest level of security as they are offline and not susceptible to online attacks. Software wallets, on the other hand, offer convenience and accessibility. It's important to choose a reputable software wallet and follow best practices for securing your Shibarium coin, such as enabling two-factor authentication and regularly updating your wallet software. Remember to always exercise caution and avoid sharing your wallet information with anyone to ensure the safety of your Shibarium coin.
  692

  173