How do you keep your Bitcoin safe as a beginner

[9ja Amaka]

Many precautionary measure for you to keep your bitcoin safe because you cant get them back if your wallet was compromised. The suggestion of taking privacy very serious is because there is no restoration of bitcoin once stolen. However, i do not think there is any perfect way to safeguard your bitcoin, if by chance you slack, your wallet can be tampered. My best advice for you is to learn the ongoing method of security that many bitcoiner, most of them here have suggested for you, while you also go out in the internet and learn more ways that you can practice to keep your wallet safe. Every little fraction of bitcoin matter, dont say because the bitcoin you hold do not amount to any huge value. It will in the future, so keep it safe and secured.

[qwertyup23]

For the pros and experienced investors in the house, what are your advice for keeping Bitcoin safe as a beginner?

If you are a beginner investor, it is essential to know the following in order to protect your BTCs from being scammed or stolen:

• Avoid entertaining any PMs or messages from random strangers asking you to download any suspicious links or wallets;
• Avoid entering into random Telegram channels or investing group;
• Never invest in a project promising you guaranteed returns on a specific date with high interest rates (ponzi scheme)
• If you have the means, purchase a hardware wallet to keep your BTCs stored;
• Watch videos on YouTube or read materials that teaches you how to keep your seed phrases; and
• Read forum threads and comments about relevant guides by utilizing the search bar on the upper-right hand corner of this screen

Those are some of the things that I have learned and encountered in the past throughout my journey. Like what I also have mentioned, avoid replying to any random PMs from unknown persons asking you to join any of their channels or asking you to invest in a certain project. Remember, keeping your BTCs safe means that you are also responsible enough to NOT fall into any of the known scams in the crypto world.

[2Pizza410000BTC]

As someone who just got into Bitcoin and is still yet to know more about Bitcoin, one thing I keep hearing especially in this platform is about security. I get that losing or misplacing your seed phrase or wallet means it's all over.

But many options are there making it really hard for us that are just starting, like the hardware wallets, mobile wallets, cold storage, multisig, it all gets really confusing fast.

For the pros and experienced investors in the house, what are your advice for keeping Bitcoin safe as a beginner?

As a newbie, to keep his Bitcoin investment safe, he must keep his Bitcoin seed phrase safe where no second or third person can see it except that person. If he can keep the seed phrase of the wallet he is holding safe, then his investment will be safe, but it does not end here. How he stores his seed phrase is his personal matter, not just his, but everyone's personal matter because many people engrave it on something made of metal and then store it in a safe place, while many people write the seed phrase in a notebook and store it, but it can be according to their convenience. However, I have written the seed phrase of my wallet in a notebook and stored it in a very safe place where no one except me will have access.

[Zanab247]

I believe you know that security is very important to every one in this community. If you ignore security show that it will be hard for you to enjoy your reward, because no matter coins you store in your unsafe wallet it will make you regret for ignoring security because scammers will surely have their way in the wallet.

You can keep your BTC safe by creating electrum wallet which is the wallet I have used since I joined this community, and it hard for scammers to steal coins from people wallets but it is very solid compare to other wallet that is easy for other scammers to have their way to people coins.

[Humblevirus]

As someone who just got into Bitcoin and is still yet to know more about Bitcoin, one thing I keep hearing especially in this platform is about security. I get that losing or misplacing your seed phrase or wallet means it's all over.

But many options are there making it really hard for us that are just starting, like the hardware wallets, mobile wallets, cold storage, multisig, it all gets really confusing fast.

For the pros and experienced investors in the house, what are your advice for keeping Bitcoin safe as a beginner?

Proper knowledge is the key to keeping our Bitcoin safe. When you have deep knowledge about Bitcoin and Bitcoin security, I think it’s not hard to keep your Bitcoin safe. So as newbies, I would advise them to learn properly before starting their Bitcoin investment. When you have the right knowledge, you will know the best wallet to use and the proper processes to keep your Bitcoin safe. Some people have used the right wallet to store their Bitcoin, but because of the knowledge they lack, they later end up losing their Bitcoin—whether through scammers or other means.

[Ojima-ojo]

First thing to do is to make surely you have a wallet that is secured and grant your the control and access, for me I prefer to hold my Bitcoin in a blue wallet if I am using online wallet, since I have no offline wallet yet to start with, but at most I prefer to hold my Bitcoin off the exchange to avoid losing them or having no control to my Bitcoin whenever I may want to move them Around.

[348Judah]

Keeping our bitcoin safe do with understanding how the bitcoin security and privacy works, because this will be what will lead to making the right choice of wallet category to use and how to maintain high measure in preventing scam occurrence, most of the mistake made are done by those with little or no experience of Bitcoin network and it's security measures, but when we know much of these, to fall a victim will be very difficult.

[knowngunman]

As someone who just got into Bitcoin and is still yet to know more about Bitcoin, one thing I keep hearing especially in this platform is about security. I get that losing or misplacing your seed phrase or wallet means it's all over.

But many options are there making it really hard for us that are just starting, like the hardware wallets, mobile wallets, cold storage, multisig, it all gets really confusing fast.

For the pros and experienced investors in the house, what are your advice for keeping Bitcoin safe as a beginner?

Perhaps, you're just getting started and that's why you perceived it as hard and confusing. Trust me, it's more simple and easier to understand than reciting ABC. You don't need to make use of all these wallets you mentioned at once. You should consider some factors before making your choice in selecting a wallet to use. Convenience and easy accessibility shouldn't be overlooked.

I don't know how you intend to manage your asset. Either for daily spending or long term holding. This should help you choose the appropriate wallet too. Hardware and cold storage are good for long term holding since they possess high security and not vulnerable to online attacks. Multisig is not that popular since we assume it is best for partnership holding. Mobile wallets are the most convenient and most vulnerable to attack. They are best for small holding and daily transactions.

Whatever the choice you make, protect your keys.

[Justbillywitt]

As a beginner that want to keep your bitcoin safe, do not to keep your bitcoin in an exchange wallet. Download your personal wallet and set up your account and store your seed phrase securely were only you can access. That is just the only way to keeping your bitcoin safe. The choice of wallet to use is yours to make. And that your wallet should be in a separate device you don't move around with all the time. It should be a device you only use when you are at home.

[Peanutswar]

I cannot say im good already with the crypto space but continuously learning, as of now if you dont have the capability to buy your hardware wallet or the cold wallet we have the hot wallet right there and one of the trusted is with the use of the Electrum, which you can download directly to their platform could be an mobile application or with the use of their desktop application if your goal is to store only but of course sooner or later you have the capability now to buy your own hardware wallet this will be ideal because there's a device confirmation before the transaction comitted this will avoid unessary transactions too, also like we keep saying is dont store most of your funds into an exchange because we keep saying the "Not your keys, not your coins" if you have the full utiliziation of the account or wallet its not yours so better store into a wallet if you are not actively trades a coin.

[Cookdata]

As a beginner that want to keep your bitcoin safe, do not to keep your bitcoin in an exchange wallet. Download your personal wallet and set up your account and store your seed phrase securely were only you can access. That is just the only way to keeping your bitcoin safe. The choice of wallet to use is yours to make. And that your wallet should be in a separate device you don't move around with all the time. It should be a device you only use when you are at home.

There is nothing will makes me to like centralized exchange wallet. Sometimes I do ask why people prefer to exchange as wallet when it's meant to trade and do one or two things. It's not a place to keep coins unless you are holding a coin that is going to be sold or you have other plans to use the exchange in short period later. I see some exchanges want people to stake their coins by given high APR, I don't understand the use of trying to convince people reward to keep coins stake on exchange wallet.

There are plenty of ways exchange can decide to keep your and you have no right to fight for it unless you contact their support to it to be reviewed, such doesn't happen with your own wallet, your seed is your Bitcoin.