Topic: Security Should Be Your First Target as a Newbie - page 2. (Read 755 times)

True, I see plenty questions people asking For investment, but often they have no idea of securing their investment.

We have seen already nothing is truly safe as some fiascos lately, such as ledger — it's questionable after ledger recover. Non-custodial wallets? Atomic wallet got hacked. Exchanges? They get hacked all time.

Security of a wallet is the main priority for every newbie to take note of and to know for the security of their funds in the wallet. Without proper measures on security, you will end up losing your money to hackers or scammers who will easily take advantage of your ignorance. Before buying bitcoin or venturing into an investment in bitcoin, know how to protect your money because this is the basic foundation that need to be known before joining the cryptocurrency space.

Take note of new scams and ways these scammers are using to lure their victims into scamming them of their money. New methods are always coming out when the existing ones got rebuked or known by all, so it’s very important to always be on watchout for new scamming method.

The negligence of beginners in terms of security and their failure to acquire the necessary experience and knowledge to secure their wallets, devices, and platforms on which they trade makes them easy targets, and they unwittingly offer their funds on a silver platter to scammers. Security is a very important matter, not only for beginners but for everyone involved in the cryptocurrency space, regardless of their level of experience. Prioritizing security must be the first goal, above all else. A single mistake made by any crypto holder can lead to catastrophic results and loss of the capital that he has collected and invested for years in the blink of an eye. Scammers never cease to evolve their schemes and methods of fraud and exploit every trending event to spread their traps. Therefore, Any person, whether a beginner or more experienced, should not underestimate the importance of security issues. They should learn security methods through courses, reading, learning, and gaining awareness of common fraud methods to know how to protect themselves if they encounter one.

Most newbies think that their security on the internet is very trivial, in fact there are quite a lot of newbies who don't have any basic knowledge about the best security when doing activities on the internet.
In terms of Bitcoin, there are many private wallets that can be the safest place to store them, such as Electrum and unstoppable wallets. Apart from choosing a safe wallet, you must also store your private key in a safe place, don't store it carelessly so that the assets you store don't just disappear.
The last thing that is no less important is a lesson about the schemes that fraudsters always use in the crypto world, beginners must also learn that because beginners in crypto are easy targets.

Anything that doesn't have to do with buying Bitcoin and Hodling them in your self custodial wallet isn't Bitcoin investment but most newbie aren't enlightened about this ad they think those ponzi scheme platforms promising them high ROI is associated with Bitcoin investment. If the Bitcoin aren't in your wallet that you own the private key to, you don't own the Bitcoin and that's the number one thing everybody interested in investing in Bitcoin should know.

Security shouldn't be ignored or you'll be regretting later, many people are losing their Bitcoin to hack (exchange and wallets hacking) and scammers because of them been ignorant and not taking security very serious. As a newbie before buying Bitcoin you should consider which wallet you'll be using to store your bitcoin as keeping them in an exchange shouldn't be an option as they are the worst form of storing Bitcoin.

Hardware wallets are the most recommended ways of keeping your Bitcoin safe but we have alternative means like using airgapped device to store you Bitcoin. You can use Electrum wallet and you'll have same security when paired with an airgapped device. And for those using 2FA security for the wallats, making use of those 2FA apps from centralized companies like Goggle Authenticator is not different from having no 2FA security features as those extra 2FA are weak because they can easily be recovered or hacked into as google uses a centralized server to store those backups and they don't have the best records when it comes to data privacy.

I disagree with you on this point, reason being that this is applicable to only literates whom really cool down to fully understand a venture before engaging in it.
Most easy to get people whom are not that exposed to demand the pros and cons of bitcoin  are convinced by only hearing about the positive aspect and how bitcoin can make them rich soon. They tend to be intrigued by it and purchase it optimistically. They might even consider trading as another avenue to maximize their profits and take a few YouTube courses to get started. The possibilities of linking their main wallet to the platforms are very high as they were not properly informed. After hitting a rock, that's when their brains will calm down and they start seeing the pitfalls of their investment. That's when they will either abandon the project and run away, or start learning the security features.
So there is no overload of security update for everybody. people need a constant reminder of the dos and don'ts of bitcoin investment.

When these two features are taking serious, one can be able to be sure about the safety of their assets. The major reasons why people get hacked is as a result of their security lapses. Some people are not well informed about measures to protect themselves from cyber attack. Newbies are always the end target and some individuals who do not prioritise the safety of their assets ends up being scammed as a result of links clicked which was sent by hackers to them and unknown to them, it was a phishing link to gain access to their details to undo them.
Most times, it is nice one be sensitive to safety and security to protect themselves and their assets when it comes to digital technology.

When it comes to dealing with digital Assets like Bitcoin and cryptocurrency, It is very important to ensure that the security of our funds is met or put measures in place to safeguard and store our funds safely before we even think of making any investment. We should avoid the clinking of links, either from our emails or any platform we are dealing with, or expose the wallets that we store our cryptos on any online platform. Lastly, we must ensure the use of the most secure wallets out there to save our funds,  Nano wallet, electrum wallet, etc.

 If newbies can include security in their process of learning BTC and crypto as their major target in the community, I guess it will help them to enjoy the benefits that is attached to those that value security in their wallets. If you acquired the BTC knowledge without having the knowledge of how to make your coins secure in your wallet, show that all your efforts of learning BTC and crypto will be in Vail in the future because it will be very easy for scammers to create way to your wallet and withdraw all your coins you have labour for many years.

 As a newbies never you share your wallets personal details to anybody, and ensure you write down all your seeds phrase in a place you will be the only person that can access such place because the day someone access the place, your coins will be at risk.

During my reading of many previous comments on this topic, I noticed that many members, including some experienced members, limit the concept of “protection” to protecting their wallets and do not pay sufficient attention to the principle of protection with regard to their privacy.
 It is very important for users, including newcomers, to be aware of the basics of privacy protection, from which they learn how to preserve their private data and how to use it on the Internet.
Protecting personal data (including navigation data and other identifying data) is no less important than protecting wallets and the savings on them.  Even if it seems less important, access to this data can cause unexpected risks.

The suggestion you have given is equally acceptable not only to us and everyone should take care of this and make arrangements otherwise someone else could have easily got the fruits of such hard work. The entire management should be well aware of all the security related issues Security is something we all avoid because we do not have measures against it only when we are exposed to danger so we should be forewarned Finally I would say that knowing the details about Bitcoin and how to store it is very important for newbies like us.

You are right but sometimes those old members already have information that guides their decisions and they can stay safe in the face of all of this, but the newbies, due to lack of information are mostly left to learn from their own mistakes which sometimes is not good enough.


Nonetheless, I have included them in the discussions also and if you'll read a few comments above you already know and see where i mention that.

The suggestions given by you are very important but not only these suggestions are for new investors but also the old ones should pay attention to these things because at any time anyone can face this hacking so those who are involved in crypto are always different phishing.  Stay away from the site and use the most secure wallets.

I don't think that one should start caring so much about security as soon as when they 100 sats, and IMO it is not such a sin for a newbie to have his coins deposited in exchanges. Learning is a curve that must be transited, one cannot simply jump to the top. So, if there are still veterans who deposit their savings in exchanges, why reprehend someone who has just started learning, when the risk is so low because of the value of his coins, and the potential lesson so valuable?

some beginners I know actually keep their assets on exchanges. they buy it and leave it on the exchange. Those who don't really understand wallets and their security feel that just having a wallet like Trust Wallet is enough. that's what I see from some beginners around me.

For those who are familiar with this forum, you probably already know the important things they have to do to store Bitcoin and crypto assets in their wallet. even security for wallets is also studied so that the security system functions.

Wise people always promote good values so that other people's crypto assets are always in a place with a much higher level of security by providing several recommendations that can be used to keep their assets safe. But what happened, when they explained safe places to store assets, the advice went in from the right ear and then out of the left.

That is the phenomenon that is still happening out there, they prefer to ignore the security level of assets for the reason of making it easier to sell them. People like this often become victims of exchange hacks because their bitcoins are stored in Exchange wallets.

Sometimes it's useless, and a waste of time to tell newbies, and people (who 1st time know bitcoin) learn the security. They just nodded, and even pretended to understand just to make you happy if the lesson was to be accepted.

I just experienced telling my cousin about security (how to use non-custody and create a wallet offline), but in fact, he still keeps his bitcoin on exchange until today. So when I ask him why? he just tells, to make it easy if the price rises up to sell it and make the profit. That's why until today we still hear people just lost their bitcoin by keep it online. because their hearts are made of stone, and Their heads are filled with shrimp brains.

Newbies should the develop proper security consciousness habits right from the time they have even as little as 100 satoshis. It will help them in the future as they accumulate more and more bitcoins at that time being security-conscious would be a second nature to them I need the would not fall victims easily when there is a security breach.

Here is a good place to start by looking at the Security and Privacy encyclopedia by OcTradism

This happened a long time ago even before I discovered this forum, and this have served as a bitter lesson for me and have taught me how important wallet securities are and how it is impossible to recover wallet seeds because those wallet developers already made such warning that they do not have access to your wallet keys and won't be able to help you to recover them if you lost control of it.
So this ops advice can really save some ass around here who may make such dear mistakes like mind but if they ever come across threads such as this, it will help the lot to avoid every possible roadblock that may result or as a result of one conflict or the other.

Sorry for your lost mate. It must have really been a very painful and demoralizing experience. Security is very important and should be paid serious attention, otherwise you would just be working for someone else without even knowing.