Is it safe to store etc live in an online wallet?

3 answers

• NikolaJul 26, 2020 · 5 years ago
  Yes, it can be safe to store ETC in an online wallet if you take proper precautions. Make sure to choose a reputable online wallet provider that offers strong security measures, such as two-factor authentication and encryption. Additionally, regularly update your wallet software and keep your login credentials secure to minimize the risk of unauthorized access. Remember to also backup your wallet and consider using a hardware wallet for added security.
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• SajidJul 23, 2022 · 3 years ago
  Storing ETC in an online wallet can be convenient, but it also comes with risks. Online wallets are vulnerable to hacking and phishing attacks, so it's crucial to choose a trusted wallet provider and enable all available security features. Keep in mind that online wallets are connected to the internet, which increases the risk of potential breaches. Consider diversifying your storage methods and keeping only a portion of your ETC in an online wallet.
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• Fat MonkeyOct 18, 2023 · 2 years ago
  At BYDFi, we recommend using a combination of online and offline wallets for storing ETC. Online wallets offer convenience for frequent transactions, while offline wallets provide enhanced security for long-term storage. It's important to research and choose reputable wallet providers and follow best practices for securing your ETC. Remember to regularly update your wallet software and stay informed about the latest security threats in the digital currency space.
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