How to avoid getting scammed of your bitcoin (for newbies) - page 2.

naska21

hero member

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Quote from: gmdever on May 17, 2019, 08:10:30 PM

snip

And #4, don't tell anybody you own bitcoins, otherwise you could risk losing' all of them due to both social and "physical" engineering methods (if applied) that make you valnurable. Friend of mine gave up all that he had after physical abuse was used towards him.

joniboini

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Quote from: gmdever on May 17, 2019, 08:10:30 PM

#2, Keep your BTC secure:
Do not use a web wallet to store most of your funds, it may be convenient, but if a hacker manages to get your login AND sim swaps you they will be lost.

You should add more point to this. Don't ever use exchange wallet to store your funds. Some newbies do that and I'm not surprised to see that almost new user from my country do this. Exchange wallet was never made to act like a personal wallet, it's just a temporary address which exchanges provide for their users to deposit their funds and trade.

The risk of using exchange wallet (which some of them called a web wallet) is that you were never in control of your BTC. No private key, not your BTC.

gmdever

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Quote from: Velkro on May 17, 2019, 08:50:45 PM

Its good that you try to help and its good that you apprently wrote it yourself but...
For me its too generic to actually earn merit and actually help someone. There are already guides here about security in general but covering topic deeply and accurately.

Thank you for your consideration. Yes, there are many guides here and a lot go into more detail. I thought this simple one might be helpful for my fellow newbies though!

Quote from: ?? on ??

Great content for a start! Keep helping people! Number 1 seems simple, but it can easily be not noticed. A simple checking of the address can help a lot.

Thank you and you're right. I was probably going to fall for it if I wasn't thinking on my feet a bit there. Hadn't heard of it before it actually happened to me.

Velkro

legendary

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Its good that you try to help and its good that you apprently wrote it yourself but...
For me its too generic to actually earn merit and actually help someone. There are already guides here about security in general but covering topic deeply and accurately.

gmdever

jr. member

Activity: 58

Merit: 12

I recently had someone try to hack me, and they almost succeeded; thus I'm making this simple guide-by a newbie, for newbies.

#1, Check which address you're sending to:
This should seem obvious but it wasn't completely to me. I almost got scammed recently because I had downloaded and ran malware that swapped the bitcoin address I was sending to. The variant I got made the change very visible, but there might be types of this malware that can change it right as you paste it.

#2, Keep your BTC secure:
Do not use a web wallet to store most of your funds, it may be convenient, but if a hacker manages to get your login AND sim swaps you they will be lost.
I use electrum to store my funds, it's very simple still, and I get to keep my private keys. I keep my bitcoins on two computers. One never touches the internet or has anything downloaded on it and the other one I keep very little bitcoin on. I also have a backup of the wallet on the cold storage computer on a flash drive that's encrypted.

#3, Don't fall for those Ponzi's:
I've seen too many people advertising ways to get 8% a day or 900% a year and such. Just don't invest your bitcoin in anything way too good to be true. It should seem clear, but I've seen a lot of comments proving it isn't to all.

Topic: How to avoid getting scammed of your bitcoin (for newbies) - page 2. (Read 484 times)