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How to keep your NFTs safe?
Aug 24, 2022Storing NFTs in a secure location is essential, because they are digital assets that could be worth money and may hold sentimental value. If you are buying NFTs as an investment or collectible, you will want to protect them with high security measures.
Always choose to store your assets in an external wallet and never in an centralized exchance like Binance or Crypto.com.
There are different methods of storing NFTs. Each is secure in its own way, and each has certain advantages and drawbacks that you should consider when making your decision.
Software Wallets
Software wallets are the most common and popular choice among collectors, but they only provide standard-level security. Software wallets are secured with encryption, password, and a 12-24 word seed phrase. Metamask is a very popular wallet.
The main disadvantage of software wallets is that they need to be accessed via a browser. Software wallets are convenient, but they should be used only for a short period of time because they provide the lowest level of security.
Hardware Wallet
Hardware wallets are the best way to store your NFTs and cryptocurrencies because they store all of your sensitive data offline and all of your data is password-protected o provide an additional layer of security.
Cold storage hardware wallets often have several features, including the ability to restore their contents if the product is damaged or stolen.
Ledger is a very popular and secure wallet amount crypto users.
Tips for Maintaining a Secure NFT
Create complex passwords: Use a mixture of lowercase letters, numbers, and symbols when creating new login credentials.
Avoid suspicious Websites: Be careful when using the internet. Avoid visiting websites that appear suspicious or have any malicious intentions. Try to scan your computer for viruses and spyware regularly.
Seed phrase: When using a software wallet, never reveal your 12-24 word seed phrase as it can greatly compromise the security of your NFTs.
Storing your passwords: To store all of your passwords, keep them in a secure physical format.
Store NFTs offline: If you’re not in a rush to trade or sell, keep your long-term digital assets in a harware wallet like ledger
Dont store them in a Centralized exchance: If you dicide to use a Centralized plataform to buy your NFTs like Binance or Crypto.com you should send them to an external wallet