What are the recommended security measures for crypto currency custody?

3 answers

• Guillaume_DucasFeb 19, 2021 · 4 years ago
  When it comes to securing your cryptocurrency assets, there are several recommended security measures you should consider. First and foremost, it's crucial to use a hardware wallet, such as a Ledger or Trezor, to store your private keys offline. This ensures that your keys are not exposed to potential online threats. Additionally, enabling two-factor authentication (2FA) on all your cryptocurrency accounts adds an extra layer of security. It's also important to regularly update your wallet software and keep your operating system and antivirus software up to date. Lastly, consider using a reputable and secure cryptocurrency exchange or custodian that has a strong track record of security.
  696

  348
• Fajar ShahzadOct 07, 2020 · 5 years ago
  Securing your cryptocurrency assets is of utmost importance in the digital age. One recommended security measure is to use a cold storage wallet, which keeps your private keys offline and away from potential hackers. Another measure is to use strong and unique passwords for all your cryptocurrency accounts. Avoid reusing passwords across different platforms to minimize the risk of a single breach compromising multiple accounts. Regularly monitoring your accounts for any suspicious activity and enabling email or SMS notifications for transactions can also help detect and prevent unauthorized access. Lastly, consider diversifying your cryptocurrency holdings across multiple wallets or exchanges to mitigate the risk of a single point of failure.
  752

  251
• Niya JamesMar 23, 2022 · 3 years ago
  At BYDFi, we prioritize the security of our users' cryptocurrency assets. To ensure the safety of your funds, we recommend following these security measures. First, always use a hardware wallet to store your private keys offline. This minimizes the risk of your keys being compromised by online threats. Second, enable two-factor authentication (2FA) on your BYDFi account to add an extra layer of security. Third, regularly update your wallet software and keep your devices protected with up-to-date antivirus software. Lastly, be cautious of phishing attempts and only use trusted and reputable exchanges like BYDFi for your cryptocurrency transactions. Remember, your security is our top priority.
  700

  175