Protect your Bitcoin, no trust anybody.

[Cityhunter34]

Op you don try well well for bringing this matter to our notice at least e go help us to dey more vigilant about our Bitcoin, because if to say you no talk am like this now some people dey always forget to check their wallet and e dey very wrong. I think without being told like this we supposed no say to check our Bitcoin every day dey very important because checking it from time to time go really help us to protect our Bitcoin very well just like me I normally check my wallet everytime. However, make we try as much as possible to always take our Bitcoin serious because once you lose am e no go fit come back to your wallet again.

[Salahmu]

I have a friend that doesn’t want to check his wallet because he doesn’t want to sell at a loss, and he thinks checking it up all the time makes him do so, especially when the market is red. He doesn’t want to see it when he is at a loss, but I don’t find this a big deal because from the start of the investment you’ve already taken the risk, so you should take everything that comes to it regardless.

People like that are very many and even if they no all the risk involved before they started the investment but in some cases if they continue checking there wallet they would start having some cold feeling about there investment, so anybody that told you that they don't like checking there wallet you shouldn't blame such person because he has his reason why he decided not to especially those people who that have not been long on there investment.

I don't even like the idea of checking Wallet to no if your Bitcoin is safe or not because is only when you store your Bitcoin on the Centralized exchanges you would be worried about your investment but if is on self custodian wallet you shouldn't be afraid of being hacked because the reason of self custodian wallet is so that you will fully have control over your Bitcoin and nobody else can access it, so why the need of being scared?, unless the person has exposes his private key or phrase that made him to start monitoring his wallet, secondly you should no that even with regular checking on your Bitcoin wallet it cannot prevent a third party from claiming everything inside if they have access to it, so I see constant checking as a waste of time because if you have taken good care of your private details you shouldn't be worried about anything.

[Adams0001]

I also believe say one of the best ways out there to take protect your Bitcoin na to no put trust in yourself say you don sabi everything. Wetin I mean be say make we constantly update our knowledge about how to take stay protected online because aside the scams and hacks out there some of the loss of Bitcoin na still human being fault. Therefore stay updated with latest information on wetin dey sup for the community. If you nor understand anything ask questions nor isolate yourself...na lonely target be scammers best victim.

Exactly less knowledge can also cause the loss of bitcoin because some people might have the bitcoin on their wallet but it might be they bought that bitcoin on an exchange wallet, which many didn't know the difference between wallet and exchange wallet. Because it is mostly on the wallet that you will need to provide your seed phase, but on the exchange wallet, they can just simply convert it to USDT and send it to their exchange wallet if they know your pin or have access to your fingerprint or face verification, so it will be easy for them to do. That is a short period of time, but when you have knowledge, you will always have a better solution to keep your bitcoin save, so the best thing to do is to always focus on having more knowledge about cryptocurrency and its security.

Na lack of knowledge they make some people dey fall victim, because they didn't understand and they engage there self on it that is why anything you want to do you need to understand how he works  and get the necessary information you need to get so that you are wallet will be self from hackers, technology improves everyday and na so we go dey make our brain dey progress to learn thing everyday. Some people prefer to self there bitcoin in exchange and is not advisable because you can lose anytime when the exchange is not functioning anymore, some are too careless to self there secret phrases because they think they when they write it in paper they can probably lose it and that is how there money will go so they say is good for them to invest in exchange that can do forget password when they mistakenly forget there  exchange account.

And hackers can easily gain access to your exchange and wallet because if you don't show anyone your private key, they can hack your wallet and sell all of your coins except the ones you lost, and someone can obtain and save your passphrase and logins. So bitcoin is genuine, and if you intend to profit from it, you will secure your wallet in which you will save your coins. Some people change their wallets every month so that no one can gain access to them, even by mistake, and park their money. You can trust anyone in cryptocurrency because scammers are everywhere, just be cautious with whom you reveal your privacy.

[Tungbulu]

3. Avoid Using Public Wi-Fi.
When you won login your wallet no they use public wifi because through like that person fit get access to your wallet. Public wifi no they secure e they give access to thieves to get your information.
I been don hear story way them use through like this get person information to en wallet so please be guided.

E get how hackers go run their WiFi wey be say immediately you connect to them, they have easy entry to you phone and them fit authorize anything without your consent.

Avoid free things totally when you dun begin they accumulate Bitcoin because na free things they purge. Airdrops, giveaways, bounties and the rest avoid them all or better no use your phone wey get your sensitive information to they run this things.

All those swapping tasks wey need you to connect to unknown wallets or Dapps, avoid them all or your name go be sorry when hackers hack you.

Even though you no get money for your wallets yet, avoid them because wallets can get compromise and you won't be known until you fund your wallet and it gets wiped out completely.

No be lie, but some people never believe say this kyn thing dey possible and Na why them dey easily fall victim, them think da na just to click on shady links or to give out your phrases be the only way wey person fit compromise him wallet.

Although at first I been no actually believe say person fit just remotely access your phone without your permission, but then again, I come remember one experience wey I been get one certain time. I no know if we go remember this popular Flash Share App wey we been dey use to transfer apps and files from one phone to another, just before Xender come replace am, I remember say e get one feature wey that Flash Share get, this feature when activated, e fit enable the next person to fit access the files wey dey inside your phone, and not just that, e fit also download the files as long as you dey connected to him device.

Technology dey advance everyday and if we no dey extra careful and dey security conscious at all time, we fit go loose guard full time and sort go be our name. Inasmuch as accumulation of Bitcoin dey very important towards achieving your financial and investment goals, the security and safety of that asset wey you dey accumulate supposed be your number one priority because if you compromise your wallet, all the efforts you don put into accumulation don become total waste and you go go back to square one.

[EL MOHA]

I don't even like the idea of checking Wallet to no if your Bitcoin is safe or not because is only when you store your Bitcoin on the Centralized exchanges you would be worried about your investment but if is on self custodian wallet you shouldn't be afraid of being hacked because the reason of self custodian wallet is so that you will fully have control over your Bitcoin and nobody else can access it, so why the need of being scared?, unless the person has exposes his private key or phrase that made him to start monitoring his wallet, secondly you should no that even with regular checking on your Bitcoin wallet it cannot prevent a third party from claiming everything inside if they have access to it, so I see constant checking as a waste of time because if you have taken good care of your private details you shouldn't be worried about anything.

I am also one of those people that do not like checking my wallet and I even advice newbies like me not to check their wallet all the time just to avoid the anxiety that comes With Check ones wallet when the Market is down, the two reason why most people even check their wallets is because they might have done this things wrong, either they might have been using an online wallet and are afraid of been hacked and if it is so then there is no way the check of wallet will save you all you need to do is to actually do away with the wallet and create a new one and then move your funds there.

Another reason most of these people regularly checking up on their wallet are simply those who invested an amount which is definitely not something that they can turn their attention away from. This is also bad and no amount of checking can save this Kind of investors because they will eventually sell.

The best way to protect your wallet is to make sure it is offline that is the best possible security solution and the if you will like to be actually checking the wallet for incoming transactions do not check from the real wallet rather have a watch only wallet so you don’t go and bring the wallet online while checking for transactions

[iBaba]

Op you don try well well for bringing this matter to our notice at least e go help us to dey more vigilant about our Bitcoin, because if to say you no talk am like this now some people dey always forget to check their wallet and e dey very wrong. I think without being told like this we supposed no say to check our Bitcoin every day dey very important because checking it from time to time go really help us to protect our Bitcoin very well just like me I normally check my wallet everytime. However, make we try as much as possible to always take our Bitcoin serious because once you lose am e no go fit come back to your wallet again.

The protection of our bitcoin assets as digital assets owners is one of the most important things we must hold on to ourselves and protect it strongly. There's no way we can protect our assets without deliberately learning ways and methods to go about protect the bitcoin or another cryptocurrencies.

The need to research about the protection of our assets perpetually is paramount hence the essence why I'm always interested and glad to add a voice to topics of this nature. I know say some people go dey wonder now say why we they emphasize on this matters all day, but na probably because say the person never really get much digital assets he's holding. Even at that, I advise say make that kind person learn how to put interest on these things and learn the best ways to protect their assets electronically. You no put much money today, no mean say opportunity no go come wey you go put big one tomorrow and by then, you might not have the luxury of time to gain sufficient knowledge about protecting your assets.

[Marykeller]

I'm going to put this up here because there's lesson to be learnt. I learnt the hard way.

If you're in crypto, don't give out your phone to people ever so often, if possible, never do it. Even if it's a family friend. As long as there's crypto or wallets/exchange accounts on it, don't give it out.

There was a supposed hack that happened in 2021. I recently got to learn that it wasn't a hack and was simply a close family friend playing the long game. He learnt the password by being around too much and used that opportunity to unlock the device, get seed phrase and wiped the wallet a month after so there wouldn't be suspicions.

I see similar attacks on X every now and then too. So the TLDR version is: Don't let another person know your seed phrase no matter how close you are except it is indeed your family and the wallet is a retirement/inheritance wallet and not being active used.

Exactly. Peso wey you no d give your phone no go know how to get your seed phrase, talk more of hacking into am.

If your phone contains all your crypto assets, by right your sense suppose tell you sae, it is time to hold your phone judiciously, never to allow anyone to operate on am easily. Even if they should, you should give a close marking of they are doing with your phone.

Em get one proverb that says, where peso assets dey, na where their mind dey. I can't have my crypto assets on my phone, and I begin to consider someone handling my phone. That's not going to happen. Thank God sae everyone d use android as phone. Anything you want from my phone, you have it download by yourself or I send am give you through Xender. That saves the headache

[Zigabel]

All this things wey u talk enh OP, e correct come legit but another thing be say e dey okay make you find person trust oh, den give am small details because make mata no com happen say u no fit access ur wallet based on say u no dey in a good condition e comw be like say u get funds but dem no fit use am help u and if e com happen say u no dey again, ur funds don go for ever and nothing wey be say u go fit so again like dat .

No dey take am say na something wey be say u go hide too much but e no mean say u go just show any careless person as dem fit pose danger to u, u fit sef get plenty wallet share am, so dat if o e cast, u still get small for anoda place wey b say u fit fall back at.

[White pawn]

Bitcoin needs to be protected, it's very essential because Bitcoin is a decentralized digital currency, and has the potential serving as an hedge over inflation and currency.
When an individual takes steps to protect Bitcoin,it brings about trust and stability to Bitcoin network.A secure environment encourages more people to participate.

There are some factors that surrounds truth issues on Bitcoin

1. Security Education: It's crucial for individuals to educate themselves about the best security practices for their Bitcoin wallets. This includes understanding how to use hardware wallets, enabling two-factor authentication, and being aware of phishing attempts.

2. Private Keys: Taking full responsibility for your Bitcoin by managing your private keys is essential. If you lose access to your private keys, you lose access to your Bitcoin. It's important to store them securely and never share them with anyone.

3. Avoiding Third Parties: Using decentralized exchanges or peer-to-peer platforms can reduce reliance on third parties, which can be vulnerable to hacks. However, it's still important to do thorough research on any platform you choose to use.

4. Caution with Information Sharing: Being cautious about what information you share regarding your Bitcoin holdings and transactions is vital. Scammers often target individuals who disclose too much information.

5. Secure Internet Practices: Avoiding public Wi-Fi for accessing your Bitcoin wallet is a smart move, as these networks can be insecure. Using a VPN can also add an extra layer of security. Additionally, using strong, unique passwords and changing them regularly is a good practice.

6. Monitoring Accounts: Regularly checking your accounts and transactions for any unauthorized activity is a proactive way to catch potential issues early. Setting up alerts for transactions can also help you stay informed.

By implementing these practices, you can enhance the security of your Bitcoin and contribute to a more trustworthy environment for all users.

[Agbe]

1. Don't share your secret phrase and password to anyone.

It is nice advice but we have to think the both side of the matter. Even physical assets owners dey will give their children and others. And when someone e do kick di bucket, dem dey share di person properties give him or her relatives. So when you say make we no share our secret phrase, e good oh but we have to think twice. If you have bitcoin in your wallet and you are investing for long term then protecting dem no the ultimate price to pay with all your ways. Op though the crypto world na big one wey nobody fit know and heard everything. And I never hear say family members like children, father or even mother scam there person in the cryptocurrency ecosystem but I fon hear say, scammers don scammed people and hacked them. Even from your story na hacked and not stealing by family members. E dey good to protect our wallets. But be wise this one no be motivational speaker but just advise be wise

[Juicyhome]

We've had series of threads relating to the security of your crypto asset and it is the primary thing every investor should do first before talking about increasing the quantity of his Bitcoin stack or looking out to diversify his crypto holding.

As long as the matter of your asset security is concerned, thier are people and systems you shouldn't trust and they include;
1. Trusting any other person with your seed phrase
2. Trusting people too much to let them know how much of a coin you're holding.
3. Trusting the security of the asset you left in an exchange when you're a long term holding.
4. And using same account you use for aidrop for storing of your asset.
If you do any of this things, it shouldn't surprise you when you wake up the next day seeing your funds all gone or walk on the street and then you're attacked and your funds all taken from you.

As long as the matter of safety and security is concerned, you're the primary custodian of your safety. Even when you want to inform the people close to you of the asset you're currently holding so in the event that something happened to you, your funds won't be useful, you are risking your life and they might facilitate the process and steal all your crypto from you.

in as much as we are trying to protect our funds in our holding wallet or whatsoever, you must have a trusted family member that you trust that can access it. In case you have emergency he or she can get funds from there to sort you out. Nothing that's not risky in life but you must learn how to trust people even if is just one person.  Because in life no one can predict. many has lost their fortune because they don't trust anybody with their finance and when they  are no more the funds will go like that.

In 2019 my service year, I invest in ETH saved it in my trust wallet. Years later I lost my phone and I couldn't access my wallet because I didn't write my secret phrase anywhere. I was so pissed up. Then i recalled I sent it to my cousin brother the very day I opened the trust wallet. I called him and he sent it back to me that's how I was able to login to my wallet. Imagine not having a trusted cousin I would have lost my money.  We have to be vigilant and apply wisdom.

[Bright0515]

Yeah bro well-done with this ur experience at least u sef Dom carry this experience of ur friend learn because Dem talk am say experience naim be the best teacher and Dem still talk am say knowledge is power like this now as u Dom know that one u Dom get power there.
But I get one small problem for this your talk and I just feel like say make I share my own experience too then I conclude too.

I experience a situation were my friend father na one big man for navy so them post the man go outside country and before the man go him buy land for different locations for him community so him keep the documents go, so after 5 years him come back find out say him wife Dom marry another person so out of all him family him carry all him papers I mean documents give him son of just 18 years tell am say him no trust am but na him future and him younger siblings future Incase him no come back from him work from outside duty as a soldier.

So why this long story no man fit predict tomorrow to talk say make u carry ur hand keep ur seed phrase and password without any one for ur house or ur children even family members to know no be good one.
That one fit lead to lose of assets so anyhow e be one person must know maka tomorrow
Na my contribution be that.

[Odohu]

1. Don't share your secret phrase and password to anyone.

On the basis of privacy and security, I agree with you on the need to keep the secret phrase out of sight from anyone. But on the basis of being able to grant someone of trust access to your Bitcoin should there be any emergency, I think it is necessary we put this into our decision. Some people will build a good Bitcoin portfolio only for the entire funds to be lost when something happen to them simply because they failed to bring someone of trust on the know of their wealth and access to it. It is important we also have people we can trust that will be able to access our wealth in case of any emergency because some of those things does not give warning when it wants to come.