Topic: How not to lose your Bitcoin ? New encrypted secured KYC Lock Wallet by SN (Read 231 times)

Oh damn OP, it would had been better of you asking the forum how you can keep your Bitcoin assets secured so that it can be safe for you and also how you can manage to keep up with your holdings privately without an unauthorized party rather than parading you know it all while you are absolutely a beginner about it.

When you began with this thread talking about exchange operatives capable of stealing your funds there in the wallet, I was right interested knowing how all of that is possible to happen even though there had been trends that it happens. I was just so eager that you would go in details about the possibilities without undermining that you are a beginner rank here in the forum. Finally you failed to tonus how the exchange operatives has always been the one responsible for the lost of funds right there in the exchange platforms, you also talked about letting us know a solid wallet you built/created which is very much authentic and reliable with a zero access to thefts at all means trying to steal your Bitcoin and also how not to bother if after misplacing your seed phrases even at when your electronic devices crashes. And there also, you failed to make mention about the wallet and how possible all the hyping about your so wallet seed retrieval and Privacies are possible to be reality.

To me, you ended up paying things unrealistic since none was proven so OP, disclaim to know how to secure your bitcoin assets and how to keep your holdings privately and secured by raising a threat there in the beginners and help board where you can learn more.

My advice: Do not portray of knowing it all when you barely knows anything and even if you knows, act like you do not know so that you can acquire more of knowledges to take you on a far journey. Be submissive at learning, especially critical and technical facts pertaining your goals.

All wallets are weatherproof because they are just programs that can be reinstalled. It is the material used in storing your seed phrase that can be affected by weather. But one can always store seed phrases in a waterproof and fireproof material. All wallets can be hacked if some sensitive information is exposed.

There are better alternatives to the service you want to offer and they have been tested and confirmed to be reliable for more than six years. The KYC requirements make it anti-Bitcoin. The easiest means of avoiding losing your coin due to a crashed system is to have a backup. There is no certainty that anybody can recover lost Bitcoin.

It is better to take full responsibility for the safety of my coin than to put it in the hands of a stranger. Many services like this have made people lose money.

There are more than three different ways to protect your Bitcoin, there are multiple safety precautions some that have already been stated and some others we will get to discover with time.

Being cautious with new cryptocurrency applications and services within this period where we are close to the halving and after is another security advice so you do not loose your bitcoins to cybercriminals who are skilled enough to develop cryptocurrency applications with the aim to scam people later.

To newbies especially, now is not the time to try new cryptocurrency applications to invest or store your bitcoins, use applications that have a standing reputation already.

What? Seriously?
You must be either joking or scamming. I don't know what's worse...
By the way, since people will read this post and newbies may be misled, let me make clear that this post shouldn't be taken seriously.

New encrypted kyc secured lock wallet or whatever you may call it by name is centralized and the password you store with them is not safe for you, this is as if you're using a cloud storage or password manager for your private keys, this is as sleeping under the roof while fire is on the mountain, this is the best ways to secure the asset you have and the wallet keys more privately.

Storing seed phrase with washers
https://bitcointalksearch.org/topic/securing-your-seed-phrase-with-washers-5389446

Seeds backup tools
https://bitcointalksearch.org/topic/list-bitcoin-seed-backup-tools-5263482

Additional security to your seed phrase
https://bitcointalksearch.org/topic/crypto-security-additional-protection-for-your-seedprivate-keys-5230920

Did you just say all this just because of talking or just giving an opinion or what you feel is going to happen or you really have this technology you’re talking about? on this process of getting back in missing wallet, or a lost bitcoin,this is not really easy as you think well you have said so many things that I cannot even understand very well. all I have to contribute to this, Yes you have a good opinion that is right, but it’s not easy that way If your bitcoin is lost is absolutely lost and it is not even easy for Bitcoin to get lost that way. Secondly I don’t think in exchange we do that to steal your bitcoin.

Well keeping your Bitcoin safe is crucial and storing it on exchanges can be risky as internal theft is possible. Try to keep them in your custody, remember your private keys and back up your wallet. Your KYC Lock Wallet sounds promising with its encryption and weatherproof features. It's great that it allows key regeneration and theft recovery through KYC. Your solution offers peace of mind to Bitcoin holders worried about loss or theft. It's a smart way to protect your digital assets without relying on exchanges

Are you talking about Ledger Wallet? Ledger offers you a self-custody wallet but at the same time it has a Ledger Recover option that gives you the possibility to regain access on your wallet after submitting KYC documents. But that option doesn't make Ledger a good wallet, that is the reason why many people consider it a trash wallet.

Are you really sure that nobody can hack your wallet? It's impossible to make such a bold claim. If you can gain access to it, then a smart hacker/thief can gain access to it, it's not linked to your brain cells and doesn't activate via your neurons telepathically, so it's out of mind what you claim.
By the way, where do you send KYC documents to gain access to your wallet?

Magic, man. He probably works in Neuralink.

Keeping Bitcoin on exchanges is undoubtedly a bad and risky decision, I totally agree with that. There's a chance an exchange will freeze your account for one reason on another, demand various documents from you, perform an exit scam or simply become a victim of a devastating attack.
To protect one's coins, one simply needs a non-custodial wallet, a secure virus-free device, and safely stored copies of the passphrase. Nice and fairly simple, no need for any KYC. There are always some risks (mainly probably not of a hack but of losing access to one's own money), but by having a good strategy one can minimize those risks.

A month ago you didn't even know what tool to use to generate public keys, how did you "design" a Bitcoin wallet "6 years ago" and claim it is "secure" while that requires basic understanding of cryptography and Bitcoin protocol and familiarity with basic tools such as a library to perform ECC?! An understanding you didn't have a month ago and probably still don't!

A secure and encrypted wallet cannot have KYC, otherwise a third party will control your funds and impose KYC on you, unless you are considering solutions such as Ledger Recover, then perhaps it is better not to think about buying Bitcoin and withdrawing it to your wallet and thinking about more centralized solutions such as ETFs because you want to invest in Bitcoin and not buying Bitcoin.

There are many people who didn't use that kind of wallet and never lost their Bitcoin and I am one of them if you ask about me. Do you even know what may/could happen to you if you provide your personal details?. There are already a victim of identity theft which the person's identity is used for illegal activities or something like that and that's why many people doesn't want to gamble in a casino that ask or KYC is a must in their casino. The safety of the coins is up to the owner who handle the security and it's safety.

With the current AI technology, someone can use your face and your voice, which will make the wallet won't able to verify if it was you or it was a fake person that pretends to be you.

Look, if you can think exchange employees can steal your coins, there's no difference with police because they can steal your coins too and blame the other people. If you can't trust someone, it means you can't trust anyone.

How not to lose your Bitcoin? there's always a risk, there's no system that completely safe.

Is there any new technology that you have implemented for you to be so sure
that no one can ever hack into your system?

Everything you just said seems theoretical. Where is the actual logic behind all
of it? Tell us the hows and whys of your wallet. You need to work on a website if
you are truly devoted in promoting this wallet of yours

" no problem, you click KYC in a particular place and you can get your Wallet back"
and thats how scammers will get your coin

"solution" =broke

Have you sat down to think, why no one would care about your wallet? Do you really understand the meaning of a decentralized system and KYC? You should consider making a research before any further due.
Well I will just hit the nail on the head. Bitcoin should not be stored in Third party wallets, where you get to do KYC similar to exchanges. Not your keys not your coins.

And I wonder what you meant by your coins can be recovered after they are stolen.? It's so obvious this isn't even a Bitcoin wallet. The more reason why your coins will get stolen in the first place, is when you consider using a wallet that may be compromised since it's no longer follows the standards of a real bitcoin wallet.

I am reviewing Bitcoin security standard.  There are many reports out they that their Bitcoin Wallet has been hacked by hackers.  Well, nothing is impossible but I think all the hack went on when you put your Bitcoin in an exchange's custody. It could be the exchange employees has stolen the btc and blame to an external hackers.

For as far as I am concerned about the matter, I have discovered three different way you can protect your Bitcoin.

Make sure your Bitcoin is in your own custody.

Make sure you do not forget your private key.

Make sure you do not delete your Bitcoin  Wallet from your computer hard drive.

My advise is make multiple copies of hour Wallet and keep it safe.

Now - how not to lose your Bitcoin ?

We need is an encrypted secure Wallet which is compatible with KYC.  When you buy Bitcoin, you need this Wallet. This new Wallet I have designed is completely secure and weather proof.  Weather proof mean absolutely secure and no hacker can ever hack into your wallet.

I have tested over the last 6 years. Yes, if my Bitcoin in my new Wallet no body can hack it. If I forget the private key, I always can regenerate the same private key. If a thief steal your computer they see the btc but cannot move it to another Wallet.  If lost the Bitcoin Wallet because your computer has crashed, no problem, you click KYC in a particular place and you can get your Wallet back.  If a group of robbers like Dread Porate Robert, hijack your Bitcoin Wallet and your computer and force you to reveal the private key and they manage to transfer the coin, then still you can get it back but you need to file a criminal case to the police. The Bitcoin Police will provide you the KYC code for your Stollen BTC then the police in your country can find out the stollen btc for you and return to you.

All this is in my new KYC Lock Wallet.  To protect your Bitcoin get lost you need this KYC encrypted Lock Wallet.