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Author Topic: Be aware of private key thief’s  (Read 283 times)
Taskford
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August 16, 2022, 11:03:39 AM
 #21

1.) Be careful with people who introduce you to crypto currency because some of them might steal your keys and you will not know that is why we have plenty of cases were people funds go missing without a trace , and also be careful who you give your phone for those keeping there keys online saved in there email e.t.c that is why it has been advised to stop saving your keys and passwords online but people still fall victim be alert.

2.) when you  have a problem with an exchange don’t reply to people that chat you outside the exchange and start requesting you to fill forms , I learned and research a lots when it comes to security, seek coaching and do more research before perform transactions.
         BE ALERT



This is common things happening to newbies so they need to be aware on people's agenda especially if they don't know them personally, much better if they only go on proper person in charge if they encounter an issue so that they will be scam by random people hiding an agenda towards helping you. I guess newbies should know that anyone sent you a pm randomly is suspicious person so better ignore them to avoid such any unfortunate incident that might happen to them.

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August 16, 2022, 08:07:31 PM
 #22

If you want to make sure that your Bitcoins don't get lost, you need to create a full backup of your wallet with your Bitcoin private keys. In addition, you'll need to create a hard copy of them somewhere that you are sure not to lose. But, the most important thing is to avoid your private keys getting into the wrong hands in the first place.
Never mind, wallets are now generating seed phrase, should we still be using private key backup? Whenever I read private key backup, I still always think seed phrase is better. But OP is not wrong at all, there can be some hackers that might demand for private key from people, be it seed phrase, seed, master private key or private key to a single address, people must protect it because it can be used to steal coins, only what should be given to someone or people should only be the bitcoin address.

You shared two opinions about the Privacy of Crypto assets. We really need to save our private keys far away from online because when it will be shared to someone or be havked you guys lose whole assets. So make sure your private keys are secured.
If you protect your private key, is for the security and safety of your coins, not for privacy. To have privacy, you will have to run your own full node wallet with Tor. But you are right, for your coin not to be stolen, the private key or the seed phrase has to be protected.

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August 16, 2022, 09:06:05 PM
 #23

It is good to understand or see newbie who is interested in securing and privacy. Most newbies come with earning at the forefront. Keep learning and you would be surprised on how much you have learnt before the year ends.

1.) Be careful with people who introduce you to crypto currency because some of them might steal your keys and you will not know that is why we have plenty of cases were people funds go missing without a trace...

If someone introduces you to bitcoin and maybe help you to sign up on custodial and non consortia wallets or even exchanges, it's cool you keep calm and avoid putting in much money. After you understood everything,  you can abandon the wallet and download a new one with new keys or phrases.

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August 17, 2022, 11:00:10 AM
 #24

1.) Be careful with people who introduce you to crypto currency because some of them might steal your keys and you will not know that is why we have plenty of cases were people funds go missing without a trace , and also be careful who you give your phone for those keeping there keys online saved in there email e.t.c that is why it has been advised to stop saving your keys and passwords online but people still fall victim be alert.
Many people are hesitant to put their full trust in those who introduce them to cryptocurrency. They are extremely careless and allow those who introduce them to cryptocurrency to know full details about their wallet, including private keys and where they keep the keys; this act has exposed many beginners, resulting in the loss of their entire investment. Always be cautious and never give anyone your private keys.

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August 17, 2022, 03:39:23 PM
 #25

I would like to think that these kinds of warnings should be general knowledge and redundant, alas, they are not and should be repeated frequently. These are not just advice for crypto but for general life. What amplifies this issue is that a lot of people are still internet illiterate so to speak, and that should be the first step in educating people on how to handle themselves online i whatever situation.

In spite of the fact that this is a piece of basic knowledge and redundant for people with experience in the market like yourself, I would argue that it would be necessary for newbie entrants into this market. OP has pointed out common mistakes in newbies, so I think it's still worth repeating for newbies to see and learn from, it will help a lot for newbies.

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August 19, 2022, 11:26:22 PM
 #26

In the online world, including in the crypto world, there are so many scammers, thieves, and also hackers. That is why we always say about being careful in whatever we are doing in crypto. However, if it is about personal data and information. We must use and save it very secret in order to secure our assets. In this case, there are so many cases in which people are scammed and also hacked because they can get private keys or other important data to access the assets. Many people are also trapped being scammed because they trust too much on someone new because of the high promise of investment. This is a very common happening. That is why, once more, be careful and wise in every activity in crypto, moreover related to securing the secret data, never trust anyone.

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