Topic: Preventive measures not to lose your btc - page 3. (Read 660 times)

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

It doesn't make any sense to disclose the amount of bitcoin you are holding, the bitcoin you are holding is your secret, and it should be known only to you. Don't share it with people. Even people you see physically shouldn't know the amount of bitcoin you are holding in your wallet, not to mention a stranger whom you know nothing about. So even if you are encouraging people to invest, never tell them the amount you are holding, no matter how they force you. Don't tell people what you are holding just to convince them to invest in bitcoin. 

Anyone asking you to invest in a specific platform, and you will be earning a specific amount of money within a specific period of time without any risk attached to you, is just trying to scam you. Whenever you see posts like that, just ignore them. If a platform like that is real, they will never share it with people; they will only invest alone.

If you want to invest, then get yourself a non custodial wallet, accumulate your bitcoin, and never invest on any platform.

Telegram is just full of scammers. I never respond to any message I receive on Telegram because I know the messages are from scammers, people asking you to invest in a specific platform, once providing signals, and once asking you to claim an airdrop. So I don't just disturb myself by replying to any message from Telegram.

Most people that do connect their wallets to random websites are the ones who are hunting for airdrops, they don't know that a higher percentage of airdrops are just scams. I don't really encourage people to participate in airdrops, but if you will, then always create a new wallet and never connect the wallet where your investment is to any website.

You have really given nice advice, it's not applicable to only password, if you have multiple gmail accounts, then always have at least one gmail account that you don't use to register for things online, that should be your personal gmail account. Don't use your personal gmail account to register for things online, and you can also use different gmail accounts to register on different websites with different passwords that you know you won't forget.

Thank you my sis for the correction, though I have actually thought of that after I posted and just I can't defect where is the best for the post. I was open for any correction if here I posted was wrong place then willing to move make change with immediate effect. However I will moved now to the beginners and help section.
Have a good moments.

That deep conversation and sweet talks and words are likely a romance scam which is popular to the oldies but goodies. They're easy to trust people and even if a random stranger comes to them, they are not going to ignore them if they find some interesting words that they say. One attracting words they'll use is about making easy money and even if we've been reminding a lot of people to avoid such, there will always be those gullible people that will fall for these scams. An experience is what they need but sadly, even some of them have experienced these scams and fake investments, they never their lesson. I've read how many times with these stories that they've fallen to a stranger online that have asked them to invest on specific platform that's not even known, and obviously those fake platforms have been made specifically for their victims.

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.


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.

OP, your guide would be a good guide in the beginner section.
I’ll add one point: during a bull market, manipulative reviews from public people will begin to appear with advice on certain investments or actions. People who want to be on time everywhere can take hasty and reckless actions that they will later regret. Be clear-headed in your decisions, and do your research before considering any investment.

Nice write-up, however let me summarise it this way:

1. Don't be greedy: It is only greed that will make someone want to invest in a project that promises out-of-the-world returns. Most people who were scammed were attracted by the huge profit these platforms offer. Anyone who can control his quest for quick profit will likely not be the victim of these scammers.

2. Be private: Some people talk too much. You will hear people talking about their investment in Bitcoin in public. Some of them go as far as showing their addresses on social media just to show how big or rich they have become through Bitcoin. So many people have not just suffered online attacks but physical ones because they expose themselves. There are cases where some crypto holders were attacked in their homes by armed robbers.    

3. Keep learning: Scammers and hackers are devising new ways of carrying out their nefarious activities, this is why it is important to keep learning about how to keep your wallets safe from these criminals.

4. Be careful with Social media: Social media is a free playing ground for scammers this is why it is important not to give out any personal information to any stranger. We should always be aware that nobody can be trusted on these platforms.

This should be the first red flag to let you know it's false marketing and the go-to line of scammers. What business promises a hundred percent of returns in your investment after a day? Jeez! That's bastard money if you do the math! If there's one thing common about humans, it's greed. Not everyone will be keen to share their knowledge with the public, rather they will prefer to keep making the money for themselves. I feel if most investors were not so gullible and impatient to take in profits, there will be less of these incidences.
 Scammers are being innovative but some are so desperate so you'd be able to tell by some moves they make. Most times the best thing to do before indulging in an investment you've not heard of before is to make your research.

100% Agreed. In addition, By allowing you to play a crypto game, within few seconds, some micro wallet payment platforms suck your hardly earned dust coins you earned through faucets and offer walls by wasting, time, data, and electricity. Don't waste your coins on gambling, there're some people I know who collect coins by browsing other faucets and use them on own faucets.