What are the best practices for storing recovery codes for my digital currency accounts?

3 answers

• Clay ShackelfordNov 28, 2022 · 3 years ago
  One of the best practices for storing recovery codes for your digital currency accounts is to use a hardware wallet. Hardware wallets are offline devices that store your private keys and recovery codes securely. They provide an extra layer of protection against online threats and hacking attempts. Make sure to keep your hardware wallet in a safe place, such as a locked drawer or a safe deposit box.
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• keyzeeSep 09, 2020 · 5 years ago
  Another best practice is to create multiple copies of your recovery codes and store them in different secure locations. This way, even if one copy gets lost or damaged, you can still access your accounts using the other copies. However, be cautious not to store the recovery codes in easily accessible places, such as your computer or email inbox, as they can be vulnerable to hacking or theft.
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• Griffith LeslieSep 08, 2020 · 5 years ago
  At BYDFi, we recommend using a combination of offline and online storage for your recovery codes. Keep one copy of the recovery codes in a secure offline location, such as a hardware wallet or a physical paper wallet. Additionally, you can also store a digital copy of the recovery codes in an encrypted file on a password-protected USB drive or a cloud storage service with two-factor authentication enabled. Remember to regularly update and backup your recovery codes to ensure their security.
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