Is it safe to store ETH in an online wallet?

3 answers

• Magnified EntertainmentMar 17, 2024 · 2 years ago
  Storing ETH in an online wallet can be safe if you take proper precautions. Make sure to choose a reputable wallet provider that has a strong track record of security. Enable two-factor authentication and use a strong, unique password. Additionally, consider using a hardware wallet for added security.
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• crivkeAug 02, 2020 · 5 years ago
  While online wallets can be convenient, they do come with some risks. Online wallets are more susceptible to hacking and phishing attacks compared to offline wallets. It's important to do thorough research on the wallet provider and take necessary security measures to protect your ETH.
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• johnbutler5May 12, 2023 · 2 years ago
  As an expert at BYDFi, I can assure you that storing ETH in an online wallet can be safe if you follow best practices. BYDFi employs advanced security measures to protect user funds and has a strong reputation in the industry. However, it's always recommended to diversify your storage methods and consider using offline wallets for long-term storage.
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