How can I safely store my xela coins?

Hassan AsgharJun 11, 2020 · 5 years ago3 answers

I recently purchased xela coins and I want to make sure they are stored securely. What are the best practices for safely storing my xela coins?

3 answers

Antonio PoncianoApr 10, 2025 · 3 months ago
One of the safest ways to store your xela coins is by using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making them less vulnerable to hacking. They provide an extra layer of security and are highly recommended for long-term storage of cryptocurrencies like xela coins. Make sure to purchase a hardware wallet from a reputable manufacturer and follow the instructions for setting it up and backing up your wallet properly.
Mansi PaghadalApr 19, 2024 · a year ago
Another secure option for storing your xela coins is by using a paper wallet. A paper wallet is a physical printout of your private and public keys. It is generated offline and can be stored in a safe place, such as a safe deposit box. However, it's important to keep in mind that paper wallets can be easily damaged or lost, so it's crucial to make multiple copies and store them in different secure locations.
SarahNov 24, 2021 · 4 years ago
At BYDFi, we recommend using our secure online wallet for storing your xela coins. Our wallet utilizes advanced encryption techniques to protect your funds and provides easy access from any device with an internet connection. We also offer multi-factor authentication and other security features to ensure the safety of your xela coins. However, it's always important to do your own research and choose a wallet that best fits your needs and preferences.