I've said this countless times already... alot of newbie's should be able to read Thier way through in the forum as that'd only do alot of good than harm...
Secondly, I believe anyone won't just jump into doing something he ain't really conversant with... For that reason, they'll always want to learn through, from the experiences of the gullible ones...
lastly,.. if it's not secured, then it's not worth the time and investment... Bitcoin has proven itself over a decade and more.
Sandra 🧑🦰
Topic: Security Should Be Your First Target as a Newbie - page 5. (Read 744 times)
Well said! The safety of the fund is important since if the fund is lost, the whole thing is pointless. I believe that there are different wallets and platforms with their different offers for security, all should be weighed and used appropriately. I prefer to use smartly combined passwords, email and SMS altogether and I've never been scammed whatsoever. It's also advisable that the gadget of your wallet is not the gadget that receives codes for your account verification.
Even before anything, as part of the measures for safety, the choice of wallet matters so much. The non-custodial wallet with open source is arguably the best, and if one must trade with a centralized exchange, trusting it with little funds is better and all possible security features are advised to be put on.
Even before anything, as part of the measures for safety, the choice of wallet matters so much. The non-custodial wallet with open source is arguably the best, and if one must trade with a centralized exchange, trusting it with little funds is better and all possible security features are advised to be put on.
Not just newbies, it should be the priority for everyone.
I would summarize this into further get a wallet that can never be attacked by malware but newbies can ask if is this possible.
Yes, it is and called air-gapped wallet aka cold storage which means the wallet is installed in a device that will never get connected to the internet so there is no possibility of exposing your recovery seeds via that machine.
Here is my post about how to do it with electrum
I would summarize this into further get a wallet that can never be attacked by malware but newbies can ask if is this possible.
Yes, it is and called air-gapped wallet aka cold storage which means the wallet is installed in a device that will never get connected to the internet so there is no possibility of exposing your recovery seeds via that machine.
Here is my post about how to do it with electrum
Download the latest version of Electrum from https://electrum.org/#download and then verify the signatures before installing it.
[GUIDE] How to Safely Download and Verify Electrum
Then copy the downloaded file to your air-gapped device and install it, then restore your wallet with your seeds "Standard Wallet -> I already have a seed".
Then go to "Wallet -> Info" and get your "Master Public Key"
After this go to your device which is connected to the internet create the "watch-only" wallet (Standard Wallet -> "Use a Master Key)
By this method device will be never connected to the internet so you no need to worry about your seeds being exposed to malware or anything.
[GUIDE] How to Safely Download and Verify Electrum
Then copy the downloaded file to your air-gapped device and install it, then restore your wallet with your seeds "Standard Wallet -> I already have a seed".
Then go to "Wallet -> Info" and get your "Master Public Key"
After this go to your device which is connected to the internet create the "watch-only" wallet (Standard Wallet -> "Use a Master Key)
By this method device will be never connected to the internet so you no need to worry about your seeds being exposed to malware or anything.
Security of your Bitcoin investment is one of the biggest challenges that most newbies face, to the point that some of the newbies who have fallen victim to the various security attacks be it on personal Bitcoin wallet attacks, where newbies get exposed to phishing that steals security keys and thereafter taken control of the wallet, or exchange hacking that leads to lost of wallet balance on the exchange, etc.
This scenario has a large-scale negative impact on the overall motivation of newbies in the industry, but as a member of Bitcointalk we have the privilege to access good information that helps shape our understanding and approach to security safety, even though we still have a few security challenges but it has been reduced to the barest minimum if only you as a newbie can play your own role to safe guide your investment.
Let me share with you Newbies a few elementary security guides that helped me through the journey
The first tip is that your first primary assessment should be to build knowledge on the best security method to use with your wallet.
1: type of wallet to use: make sure you make the best choice when it comes to your choice of wallet to
store your Bitcoin.
2: level of security of your wallet, what is the level of the wallet security and how well does the wallet allow you to add another level of security of wallet e.g. multig 2fa, etc?
3: avoidance of greed tendency e.g never being involved in anything such as investment unless just to buy Bitcoin and hold, because doing so will allow you to always be 8n control of your wallet, since most other investments may require you to transfer your Bitcoin to third-party platforms that may or will become scam or victim of security crisis like exchange hacks.
The above tips may look theoretical and lack technical analysis, but they help a lot and I advise you to apply them as a newbie in other to have a good start in your Bitcoin journey.
This scenario has a large-scale negative impact on the overall motivation of newbies in the industry, but as a member of Bitcointalk we have the privilege to access good information that helps shape our understanding and approach to security safety, even though we still have a few security challenges but it has been reduced to the barest minimum if only you as a newbie can play your own role to safe guide your investment.
Let me share with you Newbies a few elementary security guides that helped me through the journey
The first tip is that your first primary assessment should be to build knowledge on the best security method to use with your wallet.
1: type of wallet to use: make sure you make the best choice when it comes to your choice of wallet to
store your Bitcoin.
2: level of security of your wallet, what is the level of the wallet security and how well does the wallet allow you to add another level of security of wallet e.g. multig 2fa, etc?
3: avoidance of greed tendency e.g never being involved in anything such as investment unless just to buy Bitcoin and hold, because doing so will allow you to always be 8n control of your wallet, since most other investments may require you to transfer your Bitcoin to third-party platforms that may or will become scam or victim of security crisis like exchange hacks.
The above tips may look theoretical and lack technical analysis, but they help a lot and I advise you to apply them as a newbie in other to have a good start in your Bitcoin journey.
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