Topic: Preventive measures not to lose your btc - page 3. (Read 852 times)

You can be extra careful and wrongly be a victim of what you don't know. I have seen and read threads here how wallet were been swept of all the Bitcoin they have in their wallet and not because they didn't follow all these information, they were downloading a file they think they need but on the process, the software application has an embedded malware that you don't see with a naked eye, even during installation you don't see it, when using it you don't see it but it's there in your computer. Sometimes, even your anti-virus don't detect this things because the hackers are smart to drive tested this malware with different anti-virus so people don't get notifications when they signal any malware.

With all what OP has discuss, even if you are been careful, you need hardware wallet as possible so you don't get any access to the internet. As long as your Bitcoin wallet don't hit the internet, the possibility of hack attempt will be very low, you don't need to worry about malware, you don't need to worry about Ads vulnerability, you don't need to worry about seed phrase attempt because you are not connected to the internet. The only thing you need to worry is the wallet and seed outside the internet which shouldn't be a problem if you handle it with care.

One of the things that i have discovered os that, scammers will only use the information you allow them to, so concealing your vital information is what makes the difference in the whole hack/scam incidences.
At some level, scammers are the most gullible and the only victims are ate greedy will always fail victim to, sometimes, if you look closely you can easily detect their schemes and easily avoid them as soon as you discover them.
So for that, I agree with almost all the points that you outline in this write-up, most importantly the part where you said, you should not entertain strangers so much most especially those that make offers.

Unfortunately many people don't care with your advices because you can see there are a lot users still participating in Bounties. Here, people don't care about privacy, security, moral etc, as long as they get worthless shitcoins, they're fine to submit their ID card, cheating or doing anything in order to get a lot shitcoins. While people in this section I believe they're aware with that.

This should be printed in gold. Social media ads have led a lot of people to their greatest loses in life. May people believe things they see on especially Facebook and these  scammers have a unique line of conviction that if they were scam, Facebook would've stopped them from advertising and  banned their account.

People should be aware that most ads and promotions on Facebook aren't scrutinized by Facebook team itself, Facebook is there to make money and those ads gives them the funds, so you believe their lies at your own peril.

Their best tactics is to redirect you to their WhatsApp  channels, or their telegram accounts were they've the freedom to convince unsuspecting individuals by  giving them impossible offers to activate the greed in them and make them vulnerable.

Its important we research properly the possibility of any offer being valid before we jump right into it. Do not neglect any loop holes you discover or any red flags you detect, as soon as an offer looks too good, or the discussion isn't adding up. its a scam and you need to be on your heels.

I would like to add, don't download random software or games from sketchy websites.  Who knows what nasties could be hiding in those free or cracked apps.  Better to stick with legit app stores where at least there's some screening. 

Next, be sure to regularly update your device software and apps and  developers constantly release patches to squash bugs and plug security holes as theyre discovered.  Updates are usually annoying, but putting them off leaves you vulnerable so grit your teeth and just do it.

Also secure your home Wi-Fi with a strpng password - no birthday or anniversary dates! If you really want to lock it down set up encryption like WPA3.  And for public Wi-Fi, just assume it's crawling with hackers sniffing for passwords and private details.   

Finally, put some guard dogs on your devices.  Antivirus and anti-malware software can catch infections before they take hold, so they're worth investing in.  Most gadgets nowadays have decent built-in protections but an extra security blanket never hurts.

Popularly known as the scammers zone, it's very likely that one third of the people using telegram are mainly for scamming purpose and that's why so many people term it so and even shy away from its use especially when you join these so called crypto groups that actually gives you update on things or coins that are certain for profits come this bull season which to some extent are mostly false .

A friend of mine is a victim of this. I have talked to him about it but he doesn't want to learn. But recently I took my time to let him know how possible it is that some malicious websites use data and even see your password from the backend and use it to try access other of the sites you visit or wallet .

These type of information is hardly used by people that doesn't know you in person. It is the people that know you in person that will use this information to act very fast and maybe target you offline and rob you.

A friend of mine kept his private key carelessly. When I cautioned him about it, he simply told me that people around him doesn't know what seed phrase is. How sure is here, even if they don't know today, they might know tomorrow.

Another thing newbies needs to know about is having a mentality that they can earn free money online from strangers. This has always been a strategy for scammmers to get advantage of newbies. Newbies should understand that their is no free money from strangers online,  you can only work and get your money by your own self. If a stranger is trying to assist financially just know it is just a way to get something big from you. Even the free airdrop people do generate money from before is something beginners need to avoid because lot of airdrop project that is in the market are considered to be scam.
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One of the reason why people fall into scam like this is when they have the mentality that money can be generated from crypto quick and their is no way to resist it when they come across scammers because they already think money can be made in cryptocurrency.

The most effective method to prevent oneself from getting entangled in prolonged conversations with unfamiliar individuals is simply by completely disregarding them. This is crucial because certain scammers possess remarkable cunning and can craft compelling relationships with individuals solely to obtain their confidential information. Some scammers employ persuasive tactics to engage with individuals, thereby swiftly establishing deep connections. However, refraining from responding to their messages serves as the optimal strategy to evade falling prey to their deceitful schemes, safeguarding oneself from potential harm and exploitation.

Many individuals who become ensnared by these types of scammers are often those who are seeking fast money within the cryptocurrency industry. However, a person with sound judgment will entirely steer clear of anything that guarantees substantial returns in just 24 hours. If anyone encounters such an individual promising significant returns, the questions one should ask oneself are: Where will this person acquire the funds they promise to return to you? Therefore, it's crucial for everyone to understand that there is no free and quick money available anywhere, not even in bitcoin investments. Profits in bitcoin investment typically require a long-term approach before substantial gains can be realized.


Telegram has become a hotbed for scammers lately, making it imperative for individuals to exercise caution when engaging with others on the platform. There was a time when I almost fell victim to a scam on Telegram, but by the grace of God, I was saved from being defrauded. Now, I'm extra vigilant and wary of suspicious activities. However, I've also managed to strike up meaningful conversations with individuals who claim to be acquaintances. It's crucial to remain skeptical and verify identities to avoid falling prey to fraudulent schemes.

Using the same password for multiple accounts poses a significant security risk. When individuals employ a single password across various platforms, they make themselves vulnerable to potential scams and cyberattacks. This is because if one account is compromised, all other accounts using the same password become equally vulnerable. Therefore, it is prudent for individuals to refrain from utilizing identical passwords for different registrations or platforms. By doing so, they can enhance their online security and reduce the likelihood of falling victim to fraudulent activities orchestrated by malicious actors.

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.

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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.

I guess it's also good to have a separate machine that you used for crypto let's say a laptop to your every day used. So that if you have a wallet on that machine, it will not be exposed. Of course it will be expensive, but it's a good practice not to lose your Bitcoin. We have heard horror stories of members here that their pc was hacked because it was facing and they have a lot of bitcoin stored in that machine. Definitely, do not click links that you don't trust, and don't trust but verify. Buy hardware wallet, and again back up everything and learn to practice security and safety here in this sphere.

A good reminder.

Don't store wallet file, wallet backups online like Google Drive, Dropbox, Azzure and any messenger application. They are not your homes and data can be breached, your accounts can be hacked.

Store your wallet, its backups offline, airgap is best.

People also have another bad practice, automatic save passwords when they log in accounts or wallets. It's potential nightmare in future if they are not aware of risk and continue to practice it and use a password for too long time.

There is one mistake that I see most newbies make. I don't know if other experienced crypto enthusiasts make such mistakes, but it's about storing their wallet phrase or private key online. Some software Android wallets usually ask users to backup their secret phrases to Google Drive or the cloud, and some inexperienced crypto users usually fall for this nonsense feature initiated by those wallets. TrustWallet has such a feature, as does OperaminiWallet. 

As a crypto enthusiast who doesn't want to lose your crypto asset, always make sure to keep your secret phrase out of any online space. 

I remember when I started my cryptocurency journey with the first wallet I created. I sent my private key to my brother via telegram and asked him to make sure he kept the information safe. Little did I know that my wallet could even get hacked through such foolishness. 

Another most popular way that some people have lost their assets is by greed to make huge profits from fake investment schemes that ask them to invest their coins and earn a huge profit, as you have talked about. It should be deeply taken into account by newbies.

Great input, even not newbies must know all of these.
It all starts with limiting your exposure or privacy practices, we should be mindful of our online presence and the information we share especially since people now are everything in social media.  We should avoid disclosing the amount of Bitcoin we hold publicly, and always be cautious about sharing our wallet addresses and posting on social media using our real accounts.

With this thread, it raises awareness for those people who don't know how to protect their Bitcoin holdings.
To avoid scams in crypto we should have this knowledge and awareness.

I've come across one before whose behaviour appears shabby to me, and I had to stop responding to his message. They message you as if they want to help you, then continue to ask you sensitive questions that could lead them into your account. I was fortunate to have already learned about security and privacy from the forum, even though the person assumed I was still new to the crypto space and even offered to assist me in opening an electrum wallet in order to obtain my private key, thinking I had no knowledge of wallet security. I had to snub him and stopped responding to his message in the end.


Telegram is a hub for scammers, and they continue to hoard a large number of them. They use a variety of techniques to lure their victims on a daily basis. Information is essential in the crypto space; you cannot proceed with something you are unsure of until it is clarified. There are far too many useful and false information floating around the community; simply identify the true ones and discard the false ones.

Good write by op, this guidelines will also help to enhance newbies and they ways of interacting with people online especially this forum since scammers do all things possible for newbies to fall prey. However here is my little addup..

As newbie always stick to this forum by asking questions on some important things when a random person gets into your pm asking for investment, maybe wanting to introduce you to a particular site. What they should do is to expose that site here for people that are professionals to look into the site if such site is legit or not, with this you can reduce the rate at which they could have got scammed.

OP, Your ost is definitely good, but it's weak in delivering the message due to the poor representation, usually, the replies look good without any heading and sub-heading, but the OP should be composed properly because your post is not a 3 to 5-lined paragraph.


Really shocking.. But why?

Trading can multiply the amount you currently hold if executed properly and I'm sure experienced people will prefer to trader rather than just holding in every kind fo market situation.

All of the prevention measures are important to adhere to, but personally, I am more concerned about number 7. The most successful scams are from people who know about the amount you have in your portfolio. These scammers can be people who are very close to you and understand your persona. This is why they can identify the best possible way to scam a person. All investors should avoid telling anyone, including their siblings, parents, or partners, what is in their portfolio. I know how exciting it can be to see your investment increasing, and you feel like sharing it with your close ones, maybe to motivate them to start investing or to make them understand that you have been elevated. Avoid it! Let's avoid it!

These two reasons why many newbies have been becoming victims of phishing websites. They think that it's okay to connect their wallets especially metamask to any of these websites.

Many airdrop people are connecting their wallets into the new projects adding liquidity as the reward will even be bigger. They add volume, using their own gas fees just to contribute.

But they have no idea if the project will become successful or just a decoy to attract more victims. That's why when it's come to this, I agree use new wallets.

You know the problem with this sign ups and referrals is that most of the paying airdrops this days are retroactive airdrops and most of this referrals and having to use gas fees to engage for daily activities are the Reason why people still believe in this things. Take for example this year most of the airdrops that have rewarded there users are the retroactive ones and this keeps pushing newbies into engaging in them. My advice is always similar to yours; always use a burner wallet and disconnect your wallet from DApps after every engagement.

As for seed phrase we should prioritize the use of passphrase because it is a second layer to the initial seed phrase and back them up separately offline. Use wallets that can allow you to have multiple addresses and prioritize the use of different addresses for different transactions because it helps against address poisoning sometimes