Topic: Security Should Be Your First Target as a Newbie - page 3. (Read 744 times)

Well, you're correct. Newbies are more vulnerable and without proper guidance they won't know that security is important and should be taken seriously besides making money, because if that is not done, all you have made in months could be drained in seconds.

The thing is that,  if i have hard this ops advice in the early days of my involvement with bitcoin i would have safe a lot of money that I lost in this space, at the start I never paid close attention to the wallet and private keys and it security importance to my funds and access and control of the wallet, I had sent bitcoin to a wrong wallet that I have no access to the wallet and that affected my motivation a lot of time and I wish I know what I know now back then, so I think newbies need this the most because the advice from ops will help them to avoid losing their first wallet.

Newbies need it the most. You know why, they have this background knowledge of bitcoin and the first that rings inside their head when they hear of bitcoin is mad money. The success stories is what they all want to hear but security is even the hardest thing to do before holding bitcoin. At any time your security is cracked, your coins are gone forever.

This can be circumvented by using a new wallet every time you want to connect your wallet to a new website related to investing or claiming something. So if a hack occurs, the new wallet will be affected without any effect on the main wallet where you store your Bitcoin.
it might be quite complicated and cost more. but it will be safer than taking risks which could result in greater losses for us. Moreover, many beginners prefer to use mobile wallets such as Trust Wallet. some may already consider wallets to have enough security to prevent hacking.

Thank you for sharing these valuable security tips for newcomers to the Bitcoin industry. It is unfortunate that security challenges can have such a Negative impact on the motivation of newbies but with the right knowledge and precautions these risks can be minimized.



I completely agree that choosing the right type of wallet is good It is important to research and understand the different options available such as hardware wallets or Software wallets and choose one that suits your specific needs and preferences.

The level of security offered by the chosen wallet is also a vital consideration. Features like multi-factor authentication can provide an extra layer of protection so it is worth exploring wallets that offer these security measures.


I appreciate your emphasis on avoiding potential scams and being cautious with investments. It is wise to stick to buying Bitcoin and holding it securely in your own wallet, rather than risking it on third-party platforms that may be vulnerable to security breaches.

these tips may seem basic they are indeed essential for newcomers to build a strong foundation of security knowledge. I will definitely take your advice to heart and apply these principles to safeguard my Bitcoin investment. Thank you sharing your insight.

This is the major challenge alot of people face when it comes to cryptocurrency, I don’t think this post should be mainly focused on educating newbies alone but the general public. Everyone into cryptocurrency will find it useful in securing their assets because security has been the biggest threat as scammers are everywhere looking for ways to steal people’s money. Newbies are easily the best target because they have no experience of any kind and lack the appropriate knowledge to safely sefe guard their wallets. Lots of newbies have been victims to hacks and scams and as time is evolving scammers are also evolving coming with new tactics and strategies to deceive people and steal their assets thats why I don’t joke with any post regarding scams and hacks so i can learn of new tricks scammers have come up with.


Some newbies who were unfortunate to suffer asset theft in their early days are likely to give up on pursuing their cryptocurrency journey because they believe the industry is crawling with scammers and there is no method to safeguard yourself from them. All they are lacking is appropriate bitcoin understanding and guidance.  We are fortunate enough to receive information from this forum at no cost to us. All the knowledge you require on bitcoin and cryptocurrencies can be found here, and this forum is a great resource for beginners who are struggling to protect their holdings.



This is where the majority of beginners make mistakes; they are never too eager to learn which wallet is best or what security precautions to take. The safety of your money should be your top priority when making cryptocurrency investments, especially if you plan to hodl. The first thing to do before doing anything else is to acquire the necessary knowledge.


Exactly, avoiding any kind of investment other than holdling bitcoin will reduce the possibility of being scammed and losing your money. It is extremely dangerous to store your bitcoin anywhere you don't have access to the seed phrase or keys since you can easily become a victim of fraud. Newbies should never forget these terms Not your keys not your bitcoin.

I expected to see more comments from the ops that point towards the direction you pointed to right now and in as much as that be privacy is the mother of all security,  because ot mostly through privacy lick that security breize are experienced,  first of all we all have to be minimal in the amount of information that we put out to the public and how best to protect yourself at all time, and after we achieve that, one still need to protect his/her security details and keep improving on them at all time to be able to stay ahead of possible hack, phishing or whatever attempts on your privacy.
Many times also we overlook a lot of things to the point that we aim at only what we stand to gain instead of the purpose and protection of what we aim to gain in the long term, so even before investment,  we must have to pay close attention to things that protect our investment in the long term.

I think this applies to everyone, and I have noticed one problem that comes with crypto in general... most users never want to DYOR on best security practices, like not clicking  on unknown links especially for the cyber social, don't share private keys with anyone unless they are your spouse or something...and we never want to go into details to know of what to look for when it comes to choosing a wallet (either going for custodial or non custodial wallets and their pros and cons), could it be the bad habits we pick up of not reading manuals in real life and out of the box we believe we can figure it out as we go and ignore all the research required

Newbie here means-Fresh and straight out of the fiat world

You are very correct and just like i made it clear in my other comment that, when i said newbies i am not refering to forum beginner even thiugh that may be intentional but steal relevant to them altogether and at that could be best we have a full time awareness of what the security risk are to both newbies and the entire members who may still need such information as a wake up call to them, to help improve they security level at all time and how best to make our ways around it.


So I am sorry if I have too much emphasis on the term newbies even though that is not what I mean in reality,  since security is everyone and we should all take it seriously at all times.

This applies to not just newbies but everyone who holds crypto currency. Security is very important as anyone could be susceptible to a hack. Besides these important points you have highlighted, it is important to avoid exposing your secret phrase

Hmm, Well said Op safety and security should be the top priority of every member whether He's new or experienced (I'm sure experienced ones realize this factor). I used to say safety can be like ABC Always Be Careful, don't compromise with having the latest updates, never cross the safety borders, better to avoid clicking on everything.

That's it the platform choice should be reliable and its reliability can be checked by its service nature whether it is sourced or not because it will explain the most of story.

Not many are privileged with the opportunity of being presented with the knowledge shared here on bitcointalk forum even though not all bicoiners and not everyone has joined the forum but we are among the few lucky ones that are opportuned to be here and this forum have taught me a lot personally even though i have not really made any investment yet which i will soon enough. Newbies who lack the knowledge will easily become a victim of scam. I have no bitcoin but i have made myself familiar with bitcoin and it’s security.

This forum is a very educative forum which has helped not just newbies but a lot of people i believe in reducing their chances of being scammed.

You have a shared a very useful tips though it may not seem like it but when ignored can do alot of harm and cost us our assets.

This is the part where alot of newbies are are being easily manipulated, they are always eager for gains so they would want to invest in whatever that would bring profit without knowing the risks associated with this investments.

Security is the basic foundation of your bitcoin journey. If you don’t have a good security of your funds in your wallet, you will lose everything to scammers in a blink of an eye. When you’re introduced into bitcoin and told about the basics of it, what you need to do first is to know how to secure your funds in your wallet, if this step is not well taken, your bitcoin journey will be horrific and will lose interest instantly in this financial technology when you lose your hard earned money to scammers.

Asides from security, what I take serious is privacy. If there’s no privacy they won’t be any assurance to security. As you’re securing your funds, don’t expose anything to the public. If your funds are not private, it can attract hackers to try and infiltrate your wallet which is very risky also. Having a good security and total ownership of funds is important in bitcoin and safeguarding your assets from the eyes of preys and hackers is also very important. If you don’t attract them, you won’t have a case of -attempt to jailbreak into your wallet.

If you're going to use them as your long-term wallet, that's how things can be wrong. It's okay to use them with negligible amounts and there is no doubt that many of us here still use them as their personal wallets. We just have to learn from what has happened in the past and we need to use the wallets that we trust the most. And that's not just enough because we also need to back up them for reasons that we may not see as for now. We always need to remember that simple phrase about ownership of keys.

People do stupid things with their wallets that's why they lose their funds, they sign some access to their wallets themselves, if we can find data (which doesn't exists) about how many people lose their recovery seed the numbers won't be much compare to those who expose their wallet to hackers because they want to take some free coins from strangers, so many people are not contented with what they have.

Till today people are still giving out their recovery seeds through raindrop scam, they are been sent free NFTs and they are want to claim the free money, I can share my wallet screenshot it's fill with fake giveaways, and free NFTs that are also malicious, newcomers don't know this.

Now when I teach people about crypto beginner its a must to reveal to them what fake tokens look like, also fake airdrops too, because this is the only way to safe them, if I just recommend a wallet and turn my back they will find a way to claim shit freebies, they will think its for free for using the wallet, something that some told me after his wallet was drained.

You are right mate. It is nice one takes security of their assets very serious because if they fail to do that maybe hackers would help them do it better after stealing their assets. I really see sense in your opinion of updating your wallet app and other apps you have on your phone but it does not just end there, have you wonder why sometimes even after updating app it seems one just made it easier for hackers to invade their gadgets. If you may know updating of your android version too is also a measures of staying safe because once done, the security features would be strong and tallies with your updated app security features which makes your gadgets more secured and protected. So it is not all about updating app alone, updating your android version too is advisable too.

This is one of the biggest problems but not the most. Most newbies get confused about which wallet they will use. They get confused between wallets and exchanges. Most newbies think Binance, kucoin, and coinbase are their wallets. They don't understand that those exchanges do not give full control to their Bitcoin. They do not provide the private key of your Bitcoin.

The 2nd thing is securing their wallet. Most of the time you do not need special security if you have good common sense. All they need to know what never store your seed phrase online and never share it anywhere. Simple steps!

While security is crucial, IMO it's essential to avoid overcomplicating things to the point where your funds could become easily inaccessible. It's essential to keep security measures manageable and well-documented because complicating your security setup with numerous layers and tools can result in confusion and potential loss of access. Personally, I may be wrong but I more feared about that, than by an attack coming from someone on internet, a malware or a theft by someone at my home. In addition, people more often lose their funds from scams and phishing than from hacking.

Even without taking a cyber security course/studies, we as individuals can also carry out research on how best to take care of our security while on the internet and also what exactly we should and should not do while interacting with others on the internet or in our offline dealing.


Indeed the need for security improvement at regular intervals is key to staying safe in the online world as it is the responsibility of the user to keep themselves safe and protected against possible attacks.

Aptly written. We shouldn't play lightly with our security on the internet not just our wallet security. There was a thread here where one user said everyone should take a cyber security course. And we should never stop learning about the lastest and most recent wallet security to safeguard our crypto assets.