Security
Intermediate
Reading time: 8 minUsing Hardware Wallets
Learn how to secure your crypto assets with hardware wallets and best practices for using them with DiviSwap.
Hardware wallets are the most secure way to store your cryptocurrency. Never share your recovery phrase with anyone.
What is a Hardware Wallet?
A hardware wallet is a physical device that securely stores your cryptocurrency private keys offline. Unlike software wallets, hardware wallets keep your keys isolated from internet-connected devices.
Key Benefits
- Enhanced security through offline storage
- Protection against malware and hacking attempts
- Support for multiple cryptocurrencies
- Backup and recovery options
- Integration with DeFi platforms
Popular Hardware Wallet Options
- Ledger Nano S/X
- Trezor Model T/One
- GridPlus Lattice1
- KeepKey
Setting Up Your Hardware Wallet
- Purchase from official manufacturer
- Verify device authenticity
- Initialize the device
- Record recovery phrase securely
- Install required applications
Using Hardware Wallets with DiviSwap
DiviSwap supports various hardware wallets for secure trading and liquidity provision:
- Connect your hardware wallet through supported browsers
- Approve transactions physically on your device
- Verify transaction details on both screens
- Maintain firmware updates
Security Best Practices
- Store recovery phrase offline in a secure location
- Never enter recovery phrase on a computer
- Keep firmware updated
- Use passphrase protection
- Verify recipient addresses on device screen
Common Mistakes to Avoid
- Buying from unauthorized resellers
- Storing recovery phrase digitally
- Using pre-initialized devices
- Ignoring firmware updates
- Sharing device details online
Ready to Learn More?
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