How do I store my PAX Gold safely?
Storing your PAX Gold safely is a very important step in protecting your investment.
The best way to store your PAX Gold is to use a hardware wallet. A hardware wallet is a physical device that stores your private keys and allows you to securely access your crypto assets. Hardware wallets are considered the most secure way to store cryptocurrencies, as they are not connected to the internet and therefore cannot be hacked.
When choosing a hardware wallet, make sure it supports PAX Gold and other ERC-20 tokens. Popular hardware wallets include Ledger Nano S, Trezor, and KeepKey. Once you have chosen a hardware wallet, you will need to set it up with the correct software and follow the instructions provided by the manufacturer.
Once you have set up your hardware wallet, you can transfer your PAX Gold from an exchange or other online wallet into the device. Make sure that you keep your recovery phrase safe in case you ever need to recover access to your funds. Finally, make sure that you keep your hardware wallet in a secure place away from potential thieves or hackers.
It is also important to remember that even if someone were able to gain access to your device, they would still need the recovery phrase in order to access any of your funds.
