How do you keep your Bitcoin safe as a beginner

[Nasdel4]

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?

[zabzob]

Here are a few options, in order from safest to least safe:

1) Safest is an airgapped wallet or signing device, whether a purpose-made hardware wallet or an offline laptop

2) After that, a hot wallet on a laptop running a secure OS like Linux. Sparrow and Electrum wallets are good options. Make sure to verify any software before installing

3) Less safe, but still acceptable for small amounts is a phone wallet like Blue Wallet

4) Very unsafe and not recommended is keeping your funds on an online wallet like an exchange or other web-wallet. This is a very bad idea because you don't have sole custody of your keys.

Whichever option you go with, be sure to make a reliable backup of your seed phrase so you can recover your coins if necessary. Be sure to keep the backup in a safe place where it will be secure from flooding, fire, etc. and where others can't find it.

Which option you go with will depend on your tech savvyness and budget. For example, a hardware wallet is very secure but can be expensive.

[ruykeri]

If someone is new to Bitcoin, then before buying Bitcoin for a lot of money, he must have an idea about all the small things about its security. Because if he cannot keep it safe after buying Bitcoin, then those Bitcoins can be controlled by someone else, in which case it is good for everyone to know some important things.When someone new wants to buy Bitcoin, then he should not buy a large amount of Bitcoin at once, but first spend a little money to build all kinds of knowledge and experience about security and buy Bitcoin and learn there using a wallet through mobile. As a result, knowledge about Bitcoin security will be gained and the risk will be low.
Another very important thing is that the seed phrase must be stored very carefully so that no one can access it.And when someone thinks that he has gained enough experience about security, if he wants to hold Bitcoin for a lot of money, he can use a hardware wallet for additional security.

[Nasdel4]

Here are a few options, in order from safest to least safe:

1) Safest is an airgapped wallet or signing device, whether a purpose-made hardware wallet or an offline laptop

2) After that, a hot wallet on a laptop running a secure OS like Linux. Sparrow and Electrum wallets are good options. Make sure to verify any software before installing

3) Less safe, but still acceptable for small amounts is a phone wallet like Blue Wallet

4) Very unsafe and not recommended is keeping your funds on an online wallet like an exchange or other web-wallet. This is a very bad idea because you don't have sole custody of your keys.

Whichever option you go with, be sure to make a reliable backup of your seed phrase so you can recover your coins if necessary. Be sure to keep the backup in a safe place where it will be secure from flooding, fire, etc. and where others can't find it.

Which option you go with will depend on your tech savvyness and budget. For example, a hardware wallet is very secure but can be expensive.

Thank you so much sir, I really appreciate your help and advise

[amihada]

Keeping Bitcoin safe can be a challenge for beginners, but if you consistently learn about its security, sooner or later you will be able to keep your Bitcoin safe and reduce the risk of losing your assets. Always use a trusted wallet with a good reputation. You can try hardware wallets like Ledger or Trezor because they are known for their security and store private keys offline. However, as a first step, you can also use Electrum and don't forget to increase extra security such as activating 2FA.

You should also ensure that the private key is stored in a safe place, never share the PK with anyone because it will risk losing assets, you should also always be careful with suspicious emails or messages (Phishing), as much as possible to avoid accessing the link or entering personal information without ensuring the authenticity of the source.

[348Judah]

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

You need to learn more about wallet security, after which you must been well taught of the bitcoin network, know the necessary privacy control measures, what you should do and not, learn more about wallets, their types and safety, then you may now advanced to how to avoid various kind of scam that are happening in the crypto networks today, because this will help you in so many ways, you may also choose to read further on this about wallet security.

wallets security and privacy mega threads
https://bitcointalk.org/index.php?topic=5509759.0

additional security to your seed phrase
https://bitcointalk.org/index.php?topic=5230920.0

[EluguHcman]

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.

Confuse no more. Hardware wallets are crypto storage devices that are not directly connected to the internet while cold Wallets is the reference source of it off-line storage system.
It is recommendable for advanced wallet securities against hackers who targets victims online.

Multisig wallets are type of wallet with more than one private key required to sign in to process transactions in the wallet.
It is best recommended for companies or organization where the wallet access keys does not give approval of one person to facilitate transactions without the permission of other signer (s) who are assigned to control the wallet.
It strengthens safety where trust on one controller of the wallet is skeptic.

[CryptSafe]

As a Bitcoin holder, you must prioritize your asset safety because that is what would guarantee how long your assets would last under your care. If you fail to keep your keys safe, you might end up losing your assets to scammers or hackers, and when lost, they can never be recovered or reversed.

As a beginner, it is advisable to start with a wallet that you can easily understand and navigate all through because not all wallets newbies or beginners can be able to understand. You can start with Electrum, BlueWallet, although Trust Wallet is the simplest and easiest to use, but the transaction fee is way too high and a bit not very secure compared to the others.

While using the easier wallets, you can devote time to learn more about the sophisticated wallets, so you will be conversant with them, so you do not have issues while using them.

[bitbollo]

Even if as guide could appear somewhat to long to read, I will have a look also on https://glacierprotocol.org/ Glacier Protocol
This is the state-of-the-art guide for creating a cold wallet. That's all.
There are many suggestions online so you can find many suggestions for having your perfect setup - likewise with multisign or bip38 addresses.
AH! OLD FASHION IT'S ALWAYS THE BEST Maybe yes... but in general one of the BEST advantage of bitcoin is also to have may options available for creating or storing your keys.

[DubemIfedigbo001]

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.

As a beginner, you need to take security off funds very seriously because social engineering attacks can wipe out your funds in a jiffy.

Cold storage is easy to setup and use. Use this guideline to Create a new electrum wallet offline and use this guideline  to setup a watch only version of your wallet where you'll be able to create transactions in the watch only wallet and sign the transactions offline from your cold storage and broadcast it online.

This is very easy as long as you've a computer system
Don't forget to download Electrum from it's official site

Again keep your seed phrases safe offline, you can engrave your keys in a metallic sheet so it can be proof of natural occurrence like fire or flood but make sure to do it yourself and not contract it to a third party so that your funds wouldn't be stolen.

[pawanjain]

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?

If you were an expert I would suggest you using an airgapped device but if you are a beginner I would recommend going for a hardware wallet instead.
Hardware wallets have a good security and are beginner friendly to use. You can use majority of the funds in there and create a hot wallet on mobile for regular usage.
Download a non-custodial wallet like Electrum or Mycelium on mobile and store low amount of funds in it for regular usage.

[dkbit98]

what are your advice for keeping Bitcoin safe as a beginner?

It all depends how much coins you own and what you want to do with them.
You don't need hardware wallet, cold wallet or multisig setup if you have small amount of coins, but you should use that for larger amounts.
Easy solution for everyone is to have encrypted phrase backup, maybe with something like Satochip Seedkeeper cards.

[Su-asa]

As a beginner in the crypto space, you need to learn how to secure your wallet before you start to buy bitcoin, first of all you need a secured wallet and after creating your crypto wallet, then you write down your recovery phrase which is tuuyr seed phrase. Write them down in two to three different places just in case you misplace one. After that, you need to back up your wallet and also remember to keep it updated. Always use your personal wifi, don't use some random wifi on the street. Remember not to link on random links because some of them are phishing link scammers can use it to get access to your device.dint login your crypto wallet in a random device except your own.

[AGogi2003]

If someone is new to Bitcoin, then before buying Bitcoin for a lot of money, he must have an idea about all the small things about its security. Because if he cannot keep it safe after buying Bitcoin, then those Bitcoins can be controlled by someone else, in which case it is good for everyone to know some important things.When someone new wants to buy Bitcoin, then he should not buy a large amount of Bitcoin at once, but first spend a little money to build all kinds of knowledge and experience about security and buy Bitcoin and learn there using a wallet through mobile. As a result, knowledge about Bitcoin security will be gained and the risk will be low.
Another very important thing is that the seed phrase must be stored very carefully so that no one can access it.And when someone thinks that he has gained enough experience about security, if he wants to hold Bitcoin for a lot of money, he can use a hardware wallet for additional security.

Sure, as and investors and get interest on investment you need to know how the investment goes before buying it and keep, and now that us about bitcoin you need to have the knowledge and experience about the coin then know about the security and know the best wallet to save your coin that know one who get access to it accept you and the love once that you share with if you are not more again. Some beginner don't like talking about the security all there mind is what they will get returned when the price increases and they don't know that even you know everything about bitcoin and know how to used DCA method well if you don't know how to hold your coin in a better wallet you will lose everything that you are keeping for profit.

Bitcoin is among the best investment that someone will try to do and be profitable without too much of risk involves. If you know how to safe your coin you have safe from scammers and you will just be waiting for your profit in bitcoin for the long term when the price increases.

[HajiBagi]

If someone is new to Bitcoin, then before buying Bitcoin for a lot of money, he must have an idea about all the small things about its security. Because if he cannot keep it safe after buying Bitcoin, then those Bitcoins can be controlled by someone else, in which case it is good for everyone to know some important things.When someone new wants to buy Bitcoin, then he should not buy a large amount of Bitcoin at once, but first spend a little money to build all kinds of knowledge and experience about security and buy Bitcoin and learn there using a wallet through mobile. As a result, knowledge about Bitcoin security will be gained and the risk will be low.
Another very important thing is that the seed phrase must be stored very carefully so that no one can access it.And when someone thinks that he has gained enough experience about security, if he wants to hold Bitcoin for a lot of money, he can use a hardware wallet for additional security.

The most important things are those things you just mentioned, and I agree with you. The first thing for a newbie to think about before buying Bitcoin is security, because if you can't secure your wallet, you can't hold bitcoin, because they will scam the person. It is very important to secure your wallet very well because if your seed phrase is stolen or linked to anyone who knows what it means, your wallet is in danger. As an investor, you should always protect your wallet and be careful when it comes to online stuff.

Another important thing for a beginner to know about bitcoin is how to buy bitcoin. Bitcoin is not an investment in which you will invest today and profit the next day because a quick profit is one of the reasons why many people started buying bitcoin. There is no greediness in Bitcoin because it will lead you to unexpected results in the end. Invest with an amount you can afford to lose and hold for the long term.

[tabas]

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?

So for you to not get confused, since everyone has already told you about wallets, what to use, and how to store your private keys or seeds. This is what I can tell you. Never ever store your bitcoins into any exchange. Whether it's said to be the most trustworthy exchange and government approved or whatsoever, never put it there if you're not going to trade it and you'll just hold it for longer term.

[I_Anime]

First priority privacy, don’t enclose your bitcoin investment to anyone so that you won’t endanger yourself and your assets.

Then try by almost to do your own research , like knowing more about privacy and how to keep your bitcoin wallet safe and same time , know about most common and popular scam in the crypto space so you will know how to avoid them .

[Darker45]

I'm not saying you shouldn't explore hardware wallets, cold storage, multi-sig, and so on, but for somebody "who just got into Bitcoin" I think it's enough to focus on self-custodial and open-source wallets. As a matter of fact, that's already a fundamental consideration even when experimenting sending and receiving funds, saving backups, restoring wallets, and the like.

As to keeping your seed phrase safe, start from the very basic as well. Write it down clearly on a piece of paper. Save multiple copies. Keep them in different safe locations. I don't see any reason why you would misplace it. A seed phrase isn't something that you'd just put anywhere. It's the key to your funds. Your spot and location must be carefully chosen.

[SilverCryptoBullet]

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?

Learn about blockchain, wallets, importance of private keys and mnemonic seeds as well as roles of wallet backups for your fund safety. You can access your cryptocurrency by your original wallet but if there is something with that original wallet like technical issue broke it down, or you lost that device, you will need to recover your wallet on another device. You only can do it if you have wallet backups to use for recovery.

Learn about wallets to know that only open source and non custodial wallets are safe, so recommended to use.
Best wallets https://learnmeabitcoin.com/beginners/wallets/#best-wallets
Recommended wallets https://www.lopp.net/bitcoin-information/recommended-wallets.html

Cold wallets like hardware wallets are best if they are feasible with you.
[LIST] Open Source Hardware Wallets.
[GUIDE] How to buy a Hardware Wallet the right way

[Just Say]

First priority privacy, don’t enclose your bitcoin investment to anyone so that you won’t endanger yourself and your assets.

Then try by almost to do your own research , like knowing more about privacy and how to keep your bitcoin wallet safe and same time , know about most common and popular scam in the crypto space so you will know how to avoid them .

Yes, it is reasonable that the first priority is privacy, so it is necessary to know about the role of wallet backup in keeping the invested wallet funds safe. Therefore, everyone should follow the right rules instead of getting confused, because keeping Bitcoin safe as a newbie can be challenging due to lack of knowledge. From this stage, if we can use cold storage or hardware wallets and strong two-factor authentication, then maybe the security of fund linked wallets can be almost guaranteed.

Even then, the method of removing unnecessary Bitcoins can also be effective for depositing Bitcoin as a newbie in the crypto world, because we can keep as much Bitcoin as we need in a hot wallet and the rest of the assets, i.e. this digital gold, must be moved to cold storage, however it should be known that the key to your funds is the recovery phrase.