What are the best practices for storing and safeguarding a 12-word recovery phrase for cryptocurrencies?

1 answers

• Robert MilanJan 23, 2023 · 2 years ago
  At BYDFi, we recommend using a combination of hardware wallet and passphrase for storing and safeguarding your 12-word recovery phrase. Hardware wallets provide an extra layer of security by keeping your private keys offline, while a passphrase adds an additional level of protection. Remember to follow the manufacturer's instructions for setting up and using your hardware wallet, and keep your recovery phrase and passphrase in a secure place. It's also important to regularly update the firmware of your hardware wallet to ensure it has the latest security features.
  570

  285