At FEX, we are passionate about giving you full control over your funds. When we say “full control”, we mean FULL control. FEX as a company does not store any sensitive data about your wallet. We cannot view, access, or control your wallet in any way because all of your wallet’s information is stored locally on your computer.
This means that we do not know anything about your password, secret 12-word recovery phrase, private keys, or even your public addresses. Essentially, your FEX wallet is your own personal crypto-bank – you have the keys to the front door, and the combination to the vault.
With the power of controlling your own bank, comes the added responsibility of protecting your bank. The topics in this article will teach you how to protect your new “crypto-bank” and strengthen your security profile. As you wouldn’t want your actual bank to be a place where anyone could just walk in and take whatever they want, you shouldn’t let your wallet and computer be like that either.
If you only read one sentence, make it this one: A hardware wallet is the biggest step you can take to secure your funds. If you were to go all the way to Tier 4: “The Fort Knox”, devoting an entire computer only to running FEX Wallet in a secure environment, it would be about as effective as a hardware wallet.
The Trezor One and Trezor Model T hardware wallets are both supported within FEX. Before you buy, please take a look at the list of Trezor-supported assets to make sure that your portfolio is covered.