Preventive measures not to lose your btc

Wakate

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Quote from: Z390 on February 14, 2024, 04:30:52 AM

There is nothing that anyone can tell me, social media is one of the easiest place to lose your crypto assets because it's been bombard with lots of fake links and fake giveaways, Twitter is the first one on my list, this is the most targetted social media by scammers and for scammers, sorry to say this Elon, your ass isn't doing anything to prevent it.

1. Don't find any project, giveaways or freebies using Twitter.

2. Shun any strangers texting you, no stranger offers something good to people they don't know.

3. Don't take screenshot of your recovery seed and don't back it up using any cloud storage.

4. Get a hardware wallet, open source and non - custodial.

Avoid airdrops, or find a trust source and use a separate wallet for airdrop things only.

There are many things we need to be watchful about because many scammers are bringing new trick different from the known ones so they can steal funds from their victims. It is good we follow the preventative measure to help us to stay safe so we don't lose our Bitcoin or mistakenly send it to scammers. We need to be wise and take decisions that would help us and encourage us to keep to be wise and always watchful anytime we want to access our wallet. Many people have lost their Bitcoin because they are so careless importing their seed phrase anyhow. Even the WiFi we are using should be scanned before we start using them to prevent hackers from accessing our portfolio.

Distinctin

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Quote from: Mr.right85 on May 12, 2024, 07:36:11 AM

Quote from: SmartGold01 on February 12, 2024, 06:09:01 PM

8. Do not memorized your seed phrase or private key or even store it where someone that knowns about what you are doing. Possibly avoid someone peeping through your phone and device while at home or office, there could be some spy camera watching over you.

Please anyone else can add theirs lets' keep the newbies awake since is already bull time scammers are looking for a way to accumulate bitcoin they didn't sort for.

One of the most interesting and possibly an ignored point is point number eight( Cool

. This is because, it feels like a safe thing to do but really, there are underlying dangers to it. Like, having to memorize your seed phrase or have it put in some kind of verse for a song. Now the thing is, these are not very frequently used phrases and you could only need this once in a long time, possibly due to change of device and that’s mainly it as, other uses could require a complete change of wallet and seed phrase as, importation of wallet doesn’t solve the issue of compromised seed phrases.
Therefore, in an event of forgetfulness and by some mechanical means, you have your device restore factory set before you get the chance to transfer your coin, it’s all lost.

As per cameras, it’s another means to compromise. These cameras are there for a purpose and somehow, it could lead to someone prying on your privacy just to see what you do or try to keep to yourself and that way, you would be compromised even without you knowing. Your seating angle as well can aid this.

I have to agree with this. Memorizing your seed phrase or listing it in one page on your favorite book might lead to putting your coins at risk. Because once bad thing will happen to you and you end up forgetting everything, that will create a huge problem on your investment. Aside from you can’t remember what you have memorized, you are also unaware already where you hid your seed phrase that make it expose to others in the future without you knowing. Thus, leaving your coins at the danger of losing all because of your carelessness and cautiousless.

Adbitco

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Quote from: Belarge on May 12, 2024, 02:30:56 PM

Quote from: Z390 on February 14, 2024, 04:30:52 AM

There is nothing that anyone can tell me, social media is one of the easiest place to lose your crypto assets because it's been bombard with lots of fake links and fake giveaways, Twitter is the first one on my list, this is the most targetted social media by scammers and for scammers, sorry to say this Elon, your ass isn't doing anything to prevent it.

We should be careful with crypto activities we anticipated. Scammers are everywhere and they're not sleeping, always busy finding techniques to used inother to lure traders that will later on become their prey. Cryptocurrency is risky, but people simply overlooks the facts that states about trading and investing with good strategy, that's the only way to stay up and running in the space. Social media will make one become expose to the space and also will cause negative effects on one.

What you must understand about crypto currency and its users is that whenever you are devoted to invest in cryptocurrency that very day you should also signed the risk associated with it because many people only accepted the profits aspect of it and neglect the risky aspect, which is the most important thing to do, at first before delving dipper they should also try to explore the best way to safeguard their investment otherwise it could be hijacked by some unscrupulous element who just sit out there to plan how to steal your hand earned money due to their ignorant of applying security.

Belarge

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Quote from: Z390 on February 14, 2024, 04:30:52 AM

There is nothing that anyone can tell me, social media is one of the easiest place to lose your crypto assets because it's been bombard with lots of fake links and fake giveaways, Twitter is the first one on my list, this is the most targetted social media by scammers and for scammers, sorry to say this Elon, your ass isn't doing anything to prevent it.

We should be careful with crypto activities we anticipated. Scammers are everywhere and they're not sleeping, always busy finding techniques to used inother to lure traders that will later on become their prey. Cryptocurrency is risky, but people simply overlooks the facts that states about trading and investing with good strategy, that's the only way to stay up and running in the space. Social media will make one become expose to the space and also will cause negative effects on one.

Cricktor

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Crypto Swap Exchange

Safe self-custody isn't rocket science, but requires some knowledge and good practices. The probably safest way is offline cold storage or a decent hardware wallet and both need to be used properly to be safe. If you plan to hold Bitcoins safely don't really think it could be any safe in an online hot software wallet on your daily internet device(s).

I wouldn't recomment holding more than pocket money in a mobile phone wallet. You usually do too much online shit with your mobile phone, install too much crap on it and so on and so forth. You've been warned...

Coins in echange wallets are not your coins (yet). You only have a promise from the exchange to possibly withdraw the amount the exchange holds for you in their wallet. You know the drill: not your keys, not your coins!

Do not store your wallet's backup recovery words on any online devices, do not take digital pictures of your written recovery words as those pictures may leak into cloud storage where unknown algorithms analyse and index pictures and documents.

Mr.right85

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Quote from: SmartGold01 on February 12, 2024, 06:09:01 PM

8. Do not memorized your seed phrase or private key or even store it where someone that knowns about what you are doing. Possibly avoid someone peeping through your phone and device while at home or office, there could be some spy camera watching over you.

Please anyone else can add theirs lets' keep the newbies awake since is already bull time scammers are looking for a way to accumulate bitcoin they didn't sort for.

One of the most interesting and possibly an ignored point is point number eight( Cool

. This is because, it feels like a safe thing to do but really, there are underlying dangers to it. Like, having to memorize your seed phrase or have it put in some kind of verse for a song. Now the thing is, these are not very frequently used phrases and you could only need this once in a long time, possibly due to change of device and that’s mainly it as, other uses could require a complete change of wallet and seed phrase as, importation of wallet doesn’t solve the issue of compromised seed phrases.
Therefore, in an event of forgetfulness and by some mechanical means, you have your device restore factory set before you get the chance to transfer your coin, it’s all lost.

As per cameras, it’s another means to compromise. These cameras are there for a purpose and somehow, it could lead to someone prying on your privacy just to see what you do or try to keep to yourself and that way, you would be compromised even without you knowing. Your seating angle as well can aid this.

knowngunman

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Quote from: SmartGold01 on May 12, 2024, 03:47:45 AM

Hey for malware and phishing site you have to install and strong internet security and anti-virus, I also have internet security installed in my system currently and any site I am visiting that is not secure for me my system would alert me to be very conscious of the site. With this, most time I will exit the site, and there are some links they post here you don't have click them directly otherwise you could hack or have remote control over your device so, as bitcoin investor or trader you should only dedicate one just particular system or smartphone for your holding or trading with this you could be save. Your seedphrase should also be installed in that device, like a kind of restricted device that is meant for only trade or holdings.

Aren't this anti virus another form of spy on our devices? Some of these anti virus are developed by unscrupulous individuals who aim to spy and steal your information with little or no effect of protecting your device from virus as they claimed. This is why they request access to your phone media and storage and once you grant them that permission, they can modify, delete and copy your files even without your consent as long as you grant them access permission. The internet security depend on how you set up your browser. There are certain words, phrase and sites that I deliberately flagged on my device so whenever I attempt to visit any site which such contents, the system will notify me and ask if I still want to continue to visit the site.

In this era of technological advancement, there is no absolute way to be safe and secured online. We just have to be careful and not falling for cheap methods. By the way, what do you mean by seed phrase should be installed in that device? because I don't think it's a nice idea to install your seed phrase in any device whether online or offline, personal or general devices. Your seed phrase should be completely off device.

SmartGold01

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Quote from: Coyster on February 27, 2024, 05:56:23 PM

Quote from: Benedictare on February 26, 2024, 12:06:02 AM

Always make sure that your software is up to date and don't allow your computer to always fail,backup your entire wallet , don't forget your password , secure your Bitcoin wallet with a strong password you should be careful with online services , browse safely,only keep the amount you are willing to forfeit ,talk less about your achievement in Bitcoin.

"Browsing safely" might be hard to achieve, there is no way to determine if they is a malware in the site you are about to visit or if the application you want to download is a phishing one, thus rather than trying to browse safely, move your money to an offline wallet, just buy a hardware wallet and move all your money there.

"Use a strong password" and "don't forget your password" isn't bad advice, but it is your seed phrase that is most important, if you forget your password, you can easily get your wallet back with your seed phrase, but if you lose your seed phrase, you lose your money.

Hey for malware and phishing site you have to install and strong internet security and anti-virus, I also have internet security installed in my system currently and any site I am visiting that is not secure for me my system would alert me to be very conscious of the site. With this, most time I will exit the site, and there are some links they post here you don't have click them directly otherwise you could hack or have remote control over your device so, as bitcoin investor or trader you should only dedicate one just particular system or smartphone for your holding or trading with this you could be save. Your seedphrase should also be installed in that device, like a kind of restricted device that is meant for only trade or holdings.

Coyster

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Quote from: Benedictare on February 26, 2024, 12:06:02 AM

Always make sure that your software is up to date and don't allow your computer to always fail,backup your entire wallet , don't forget your password , secure your Bitcoin wallet with a strong password you should be careful with online services , browse safely,only keep the amount you are willing to forfeit ,talk less about your achievement in Bitcoin.

"Browsing safely" might be hard to achieve, there is no way to determine if they is a malware in the site you are about to visit or if the application you want to download is a phishing one, thus rather than trying to browse safely, move your money to an offline wallet, just buy a hardware wallet and move all your money there.

"Use a strong password" and "don't forget your password" isn't bad advice, but it is your seed phrase that is most important, if you forget your password, you can easily get your wallet back with your seed phrase, but if you lose your seed phrase, you lose your money.

letteredhub

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Quote from: ArikeTobi on February 13, 2024, 05:39:35 AM

Quote from: SmartGold01 on February 12, 2024, 06:09:01 PM

1. Do not engage in deep conversation with stranger who is only interested asking you about your total bitcoin holding or even regularly asking you about the platform you invested.

Dont even engage having a short one with them, the more you give a listening hear the more they begin to detect your area of weakness to know where they can strike.

Since we can't be certain that all strangers are scammers although that's the first category you will have to place a stranger online until proven otherwise, but for the part of not giving a hearing at all is kind of mean in my own disposition I will position myself in the asking of questions and must be critical questions instead of leaving the stranger to be doing the asking. And only when you are not comfortable with the replies you're receiving which by common sense you're supposed to know when to exit from a shitty talk.

Quote from: ArikeTobi on February 13, 2024, 05:39:35 AM

Quote from: SmartGold01 on February 12, 2024, 06:09:01 PM

2. Do not be fooled with their sweet words where they keeps asking you to invest and make money your interest within 24hrs to gain about 100 percent of your investment. Note; this is purely scam otherwise no other investment platform or anyone to be trading and giving you back 100 percent of your capitals.

If you're not greedy, you wont be enticed by anything you see from online, most of these flashy things are harm in disguise, its important to first deal with your ability of not been contempted.

when you listen to the stories of those persons that have fallen to online scam, many persons the stories aligns with greed. They became shortsighted from seeing where all was heading to because all their focus was on how they can make the profit from what was offered to them. If was can deal with our greed we have for sure solve 75% of our problems online that could lead to us losing money.

mvdheuvel1983

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Quote from: KingsDen on February 24, 2024, 05:53:18 PM

Quote from: Z390 on February 14, 2024, 04:30:52 AM

There is nothing that anyone can tell me, social media is one of the easiest place to lose your crypto assets because it's been bombard with lots of fake links and fake giveaways, Twitter is the first one on my list, this is the most targetted social media by scammers and for scammers, sorry to say this Elon, your ass isn't doing anything to prevent it.

Social media is the most crowded place in the internet. Scammers target where they will get so many victims on a single launch and social media is the best place to achieve this.
Secondly, no matter how often people are scammed on social media, many people will keep trooping in and get scammed. Apart from twitter, telegram is another place of scam and scams. I deactivated my telegram for a reason and I don't know when last I used my twitter account. Those place that doesn't add to my finance but rather take away my time and resources, I tend to avoid them. But then social media is just unavailable.

Social media may have a lot of scammers in it but that doesn't take away the level of good information that follows in and out of the places you mentioned, not just twitter and telegram I think Facebook is another place where people easily get scammed too because of the links they are directed to join but anyone who's is mostly interested in cheap and quick money giving things are the ones that are easily scammed by scammers so i think people won't stop scamming until people are tired of going for cheap things.

Zigabel

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Quote from: Awaklara on February 26, 2024, 12:45:00 AM

Quote from: Benedictare on February 26, 2024, 12:06:02 AM

talk less about your achievement in Bitcoin.

I see a tendency when someone gets an achievement in Bitcoin and crypto, they share it on social media or with people they hang out with.
This is indeed risky when someone finds out about our Bitcoin ownership, especially as it increases our security risks. We can become targets of crime if we are too open on social media or to other people about our Bitcoin ownership.
We just need to be quiet and don't share anything on social media. it's for everyone's safety.

The problem isn't usually with sharing but with what you shared, some of the stories we share could be inspiration to others in their Bitcoin journey but the problem with this sometimes is letting them know the amount and the size of your portfolio, telling a story without figures could still do the same thing you have wanted to story to do when shared with figures, sometimes to show evidence so it doesn't look like you are manipulating things, you may want to show screenshots which is fyn but in this always make sure to cover vital information on the screenshot which shouldn't be accessible to the public.

Keeping limits to how much you share will go a long way because at times sharing actually brings investors and the kind of audience you desire to you but it still doesn't mean you wouldn't be mindful about what you share and to the kind of audience you make this information available to.

KingsDen

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Quote from: KingsDen on February 24, 2024, 05:53:18 PM

Quote from: Z390 on February 14, 2024, 04:30:52 AM

There is nothing that anyone can tell me, social media is one of the easiest place to lose your crypto assets because it's been bombard with lots of fake links and fake giveaways, Twitter is the first one on my list, this is the most targetted social media by scammers and for scammers, sorry to say this Elon, your ass isn't doing anything to prevent it.

Social media is the most crowded place in the internet. Scammers target where they will get so many victims on a single launch and social media is the best place to achieve this.
Secondly, no matter how often people are scammed on social media, many people will keep trooping in and get scammed. Apart from twitter, telegram is another place of scam and scams. I deactivated my telegram for a reason and I don't know when last I used my twitter account. Those place that doesn't add to my finance but rather take away my time and resources, I tend to avoid them. But then social media is just unavailable.

It is better we avoid anyone offering us money or an opportunity to earn money over the internet. But the newbies in the cryptocurrency industry will never know this. You will be surprised how newbies believe people over the internet that they would change their lives. If such investment opportunity is genuine the stranger would have first of all enriched his or her own family before remembering a random person in the internet. Although some of these scammers are smart, they do not immediately begin to scam someone or to make scam attempt immediately they start communicating with the personal social media. Sometimes they take weeks and months in order to build trust and some kind of fake relationship between them and their suspected victim. But when they have the opportunity they will strike and defraud their victims. The more newbies understand that there is no free money anywhere the better for them to escape scam.

Awaklara

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Quote from: Benedictare on February 26, 2024, 12:06:02 AM

talk less about your achievement in Bitcoin.

I see a tendency when someone gets an achievement in Bitcoin and crypto, they share it on social media or with people they hang out with.
This is indeed risky when someone finds out about our Bitcoin ownership, especially as it increases our security risks. We can become targets of crime if we are too open on social media or to other people about our Bitcoin ownership.
We just need to be quiet and don't share anything on social media. it's for everyone's safety.

Benedictare

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Always make sure that your software is up to date and don't allow your computer to always fail,backup your entire wallet , don't forget your password , secure your Bitcoin wallet with a strong password you should be careful with online services , browse safely,only keep the amount you are willing to forfeit ,talk less about your achievement in Bitcoin.

Sebas.tian

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Quote from: SmartGold01

1. Do not engage in deep conversation with stranger who is only interested asking you about your total bitcoin holding or even regularly asking you about the platform you invested.

2. Do not be fooled with their sweet words where they keeps asking you to invest and make money your interest within 24hrs to gain about 100 percent of your investment. Note; this is purely scam otherwise no other investment platform or anyone to be trading and giving you back 100 percent of your capitals.

3. Sets your telegram account where someone from same group can't contact you because telegram is the head of scammers, they can clone or impersonate someone you know and scam you without the knowledge of the real person.

Whenever you encounter such conversation with a stranger in the internet, ensure you don't give out your real information because that is where scammers use to find out the type of person they are dealing with and they can do anything to hack your Bitcoin in your wallet. Some newbies always fell victim to scammers easily, because they believe so much on their fake promises they made which are not truth and it can lead anyone that will obey such words to lose all his coins because their sweet words are to deceive investors, and to have access to their wallets. You have the full right on your telegram to choose who will be your friends and who not to be your friends, and the moment you discover that the person on your telegram is acting like a scammer, you have the right to block such person or block the group chat to avoid scam.

hd49728

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Not your keys, not your coins!

Quote from: DiMarxist on February 25, 2024, 03:19:10 PM

Op if I can memorize my seed phrase or the private key and know it the way I know my mobile phone digits

It is harder to remember your wallet's seed phrase or private key than remember your mobile phone number.

Quote

then I would be the happiest person on earth because at that I don't need to save my phrase in different places again but probably in one of particular place because even at that I might forget some characters.

Happiest person only if you don't forget it and lose your wallet and bitcoins.

Your memory can be lost, your brain can be damaged by physical attacks, accidents, health problems and this method is very risky one.

How to back up a seed phrase?

Quote

If not, I know my phrase i know my password for off... Then that should be a plus to me for the safety and security of the wallet.

Your password is a second layer to block access to your wallet. If you forget your seed phrase, are you sure you will remember your wallet password?

When something happens with your brain, memory, you can forget all of them, wallet seed phrase, private key, wallet password.

Claymore2

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It's wise to keep a separate device for crypto, like a dedicated laptop, to protect your wallet from exposure. While it might cost more, it's a smart way to safeguard your Bitcoin. We've heard horror stories of hacked PCs with significant Bitcoin holdings. Be cautious of untrusted links, consider investing in a hardware wallet, and always back up and prioritize security in the crypto world.

Benedictare

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Always make sure that your software is up to date and don't allow your computer to always fail,backup your entire wallet , don't forget your password , secure your Bitcoin wallet with a strong password you should be careful with online services , browse safely,only keep the amount you are willing to forfeit ,talk less about your achievement in Bitcoin.

DiMarxist

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Quote from: SmartGold01 on February 12, 2024, 06:09:01 PM

8. Do not memorized your seed phrase or private key or even store it where someone that knowns about what you are doing. Possibly avoid someone peeping through your phone and device while at home or office, there could be some spy camera watching over you.

Op if I can memorize my seed phrase or the private key and know it the way I know my mobile phone digits then I would be the happiest person on earth because at that I don't need to save my phrase in different places again but probably in one of particular place because even at that I might forget some characters. If not, I know my phrase i know my password for off... Then that should be a plus to me for the safety and security of the wallet.
Op aal what you said is correct and it is good to take those steps to protect your wallet as early as possible. And these preventions are not only in cryptocurrency but also to the fiat currency banking system too. Many people know all these things but they neglect them and when they are scammed before they would onow that such things existed for to them used as earlier o prevent the wallet. You try for the update.

Topic: Preventive measures not to lose your btc (Read 861 times)