Guide your seed phrase from the onset of creation.

[khaled0111]

Sorry, but I didn’t get your point. Are you saying that your friend created a wallet and is not willing to back up its seed until he buys bitcoin and receives his first transaction?
If this is the case, then what he is trying to do doesn’t make any sense. Why would you create a wallet if you don’t even know when you will need to use it? Besides, every one knows that if you create a wallet, the first thing you should do is to back it up (back up its seed or the wallet file) even if you are not sure whether you are going to use it or not. Backing up the wallet seed doesn’t require much effort or space, so I don’t see any reason why not to do it!

[NurseHub]

There is no much work to do when you have to create your wallet and safe guard them basically all you need is to, write em down manually and then splitting them to different locations where they can be safe and if you don't want much work you can definitely use stainless steel back up as a better way to secure the wallet. but it's as important as having a bitcoin to having a good safety or security towards your wallet or coin.

[SOKO-DEKE]

As for someone who wants to invest after getting the basic knowledge of Bitcoin the next thing I always expect the person to know is how to provide proper security for their Bitcoin investment or other crypto investments. I always expect someone to understand how to secure their funds before investing, so they do not regret it later after all their effort.

Some people lose their investment not because of anything else, but because they don’t know how to provide proper security for their funds. A seed phrase is everything when it comes to someone’s investment, because it is what can access a person wallet. Without it, there is no access to the wallet or the funds.so, it is expected to be kept hidden in a secure place where only the wallet owner can see it,and it should also should be written on waterproof and on thing fire can't distroy.

[Callido]

A very huge misconception there that could get your funds risky of loose because, any loopholes of the wallets security keys in an onset could destroy your entire efforts because scammers getting reach of your security keys in an early time can always hold it and keep tracking your wallet address until they catch you up and steal your funds.
Sound warning to beginners.

When creating a wallet, you are asked to write down your seed phrase which the software do not allow to screen record or screenshot, they make it compulsory to write it down except those with extra device, following due instructions from the wallet creation process, all you do after writing down each phrase is to store the paper somewhere safe, it is no big deal only that people don't follow instructions.

Losing your investment is by choice and not because there is no guidelines available to help you secure your wallet.

[Localhostspeed]

There is no much work to do when you have to create your wallet and safe guard them basically all you need is to, write em down manually and then splitting them to different locations where they can be safe and if you don't want much work you can definitely use stainless steel back up as a better way to secure the wallet. but it's as important as having a bitcoin to having a good safety or security towards your wallet or coin.

It's not everytime it's recommended to split seed phrase in different locations because locations itself has its own challenges. There are places where there is war and natural disasters, saving your seed phrase in two different locations with this kind of method can make you lose your coin completely. If you have 6 seed phrase in one place and the other one in another location flood came and washed it away, you will blame yourself for using two different places.

You can do back and keep the funds in one location but that location should never be the only option you depend, keep the one you wrote on a piece of paper. It's better to do back up like this. However, if you are living in a place where natural disaster and war doesn't affect, then you have every reason to use 2 different locations to save your seed phrase and it must be engrave on a metal steel that is corrosive resistant, that's the best way to back your seed phrase.

[Hazink]

There is no much work to do when you have to create your wallet and safe guard them basically all you need is to, write em down manually and then splitting them to different locations where they can be safe and if you don't want much work you can definitely use stainless steel back up as a better way to secure the wallet. but it's as important as having a bitcoin to having a good safety or security towards your wallet or coin.

That thing which you consider not to be much hard work is actually a big one for some people. Some don't even know the proper way to safely import and save their private key. Some could write it down but won't know how to safely protect it's easy for some of us who already know our way around, but it's not same for those who are too ignorant of everything.

[EL MOHA]

That thing which you consider not to be much hard work is actually a big one for some people. Some don't even know the proper way to safely import and save their private key. Some could write it down but won't know how to safely protect it's easy for some of us who already know our way around, but it's not same for those who are too ignorant of everything.

I think what you actual meant seed phrase and not private key because usually it’s not advisable to have your private key as your back up because it’s could get mixed up while trying up recover. This is the main reason or difference between the private key and seed phrase with seed phrase easy to actually understand than the alphanumeric on private key

There is no much work to do when you have to create your wallet and safe guard them basically all you need is to, write em down manually and then splitting them to different locations where they can be safe and if you don't want much work you can definitely use stainless steel back up as a better way to secure the wallet. but it's as important as having a bitcoin to having a good safety or security towards your wallet or coin.

It's not everytime it's recommended to split seed phrase in different locations because locations itself has its own challenges. There are places where there is war and natural disasters, saving your seed phrase in two different locations with this kind of method can make you lose your coin completely. If you have 6 seed phrase in one place and the other one in another location flood came and washed it away, you will blame yourself for using two different places.

I think it should have been extra backing up of the entire phrases in another location, this time around it is actually to protect against natural disasters which cannot sometimes be prevented from earth quakes and others, yes there is a suggestion of using metal steel but even that isn’t totally free from this type of problems

[boyptc]

I don't see any problem if he's got an old wallet that he had secured for so long and will use it when he finally buys bitcoin.

That's why if that friend of yours have been watching the market and he does nothing, that wallet is nothing and if he has kept the seeds then he knows what he's doing.

I guess that he's doing the usual things like us on how we're creating new wallets and using it for the bitcoins that we've bought.

[OcTradism]

I don't see any problem if he's got an old wallet that he had secured for so long and will use it when he finally buys bitcoin.

That's why if that friend of yours have been watching the market and he does nothing, that wallet is nothing and if he has kept the seeds then he knows what he's doing.

I guess that he's doing the usual things like us on how we're creating new wallets and using it for the bitcoins that we've bought.

It's not too difficult or challenging to create a new wallet to use if you already knew how to download, verify (if possible), install and create a wallet before. It's safer if you create a new wallet to use for funding it with bitcoin you are going to buy rather than using a very old wallet. As you can not know that old wallet was compromised by someone else or not.

To be safe, create and use a new wallet, it saves your bitcoin fund better and can help you sleeping more comfortably without headache, concern about potential risk of wallet compromisation.

It's better for privacy and anonymity by avoid using an old wallet.

[laijsica]

I would just say to write it down in multiple places because not all places will be destroyed at the same time. Avoid writing it down in a blank space on your phone or computer. Even in a hidden location online. Experienced thieves look for opportunities to steal your assets. They can hack your device by checking your wallet address and transaction history.

[AVE5]

There is no much work to do when you have to create your wallet and safe guard them basically all you need is to, write em down manually and then splitting them to different locations where they can be safe and if you don't want much work you can definitely use stainless steel back up as a better way to secure the wallet. but it's as important as having a bitcoin to having a good safety or security towards your wallet or coin.

Engraving seed phrase on metal or steels is one of the most difficult means of storing seed phrase due to the construction processes of the words in the hardened objects. To ease the stress of undergoing this process yourself and if you must have a durable storage material that can't be easily destroyed naturally, then you'll have to buy the storage steel or metal device.
It's not easily gotten as when you save it online or on the paper as you may think rather, it's recommended the best safe method to backup your wallet securities safe.

It's not everytime it's recommended to split seed phrase in different locations because locations itself has its own challenges. There are places where there is war and natural disasters, saving your seed phrase in two different locations with this kind of method can make you lose your coin completely. If you have 6 seed phrase in one place and the other one in another location flood came and washed it away, you will blame yourself for using two different places.

You can do back and keep the funds in one location but that location should never be the only option you depend, keep the one you wrote on a piece of paper. It's better to do back up like this. However, if you are living in a place where natural disaster and war doesn't affect, then you have every reason to use 2 different locations to save your seed phrase and it must be engrave on a metal steel that is corrosive resistant, that's the best way to back your seed phrase.

So at what time is it needed to recommend splitting seed phrase since you said it's not everytime splitting seed phrase is recommended? And at some points, it's like you're not stable from the point of your direction.
However, splitting seed phrase for backup to different locations is as important as noted that a particular location where the seed phrase is stored can be attacked by disaster or otherwise that you can't get reach to it anymore while the other locations will serve as alternative for your recovery.

[Rustam Meraj]

You have given very important warning that new crypto users need to take note of, security should be handled first, as seed phrase is key to your money, and you should never buy Bitcoin without getting this key. Reason is that once scammer has your seed phrase, even when wallet is empty, they can watch your wallet and steal any money you add later, as crypto transactions are impossible to undo like bank transactions, rule is easy, make wallet, save seed phrase offline, and then buy Bitcoin.

[Stepstowealth]

As soon as you successfully creates your wallet account, immediately then take orderly and secured control of your seed phrase.

Many people most likely do not consider security so much at the earlier stages of their investment, and that comes back later to affect them when they start considering it because they have had loopholes before that they could not even remember to fix and correct. If newbies to investment can take early security more seriously because they have the orientation on its importance, these sort of related scams will be reduced to minimum, even possibly go on extinction.

On orientation, knowing that you can be cautious about exposing your important info like seed phrase to scammers online that you forget that there are scammers offline as well and be careless.

[SuperBitMan]

There was a thread I saw when someone talked about writing down our seed phrase on metal and I think I agree and accept that very well because writing down your seed phrase on paper is very risky because paper can be destroyed easily, but metal cannot be easily destroyed, mental can't be destroyed with water or fire so is a very safe way to store your seed phrase, but paper can be destroyed with water and fire, so if you are to guide your seed phrase very well consider writing it on metal, if you have metal in your room you can write it down there secretly without anyone knowing and it will be more safe for you.

[The Cryptovator]

As soon as you successfully creates your wallet account, immediately then take orderly and secured control of your seed phrase.
I met an enthusiast who hadn't buy bitcoin for the first time and said he'll properly guide his wallet and seed phrase when he'll finally buy bitcoin.

Interesting, an enthusiast hadn't bought Bitcoin yet. I believe he is a beginner; if so, he has to learn about the wallet system properly. Understanding how the wallet system works and how it could be drained makes it pretty easy to secure wallet funds. It would be better if he could purchase a hardware wallet, but still it's very important to secure the seed phrase in multiple safe places. Shouldn't store any online storage at all.

A very huge misconception there that could get your funds risky of loose because, any loopholes of the wallets security keys in an onset could destroy your entire efforts because scammers getting reach of your security keys in an early time can always hold it and keep tracking your wallet address until they catch you up and steal your funds.
Sound warning to beginners.

If he has sufficient funds, then, as I said above, he must have to purchase a hardware wallet. Of course, you have to use an open-source wallet, either a hardware or software wallet. By tracking your address, they can't hack it, but compromising your seed phrase is quite dangerous; that would drain the wallet, no matter what kind of wallet you have been using.

[uchegod-21]

I have read stories where people complain that their wallets were emptied immediately they funded it. It is usually surprising and shocking at thesame time how it is possible for something like that to happen. These things can happen when the wallet is compromised. Simple errors or negligence by the owner of such wallet can put the wallet under attack. Once a scammer gets the slightest chance to invade any wallet, he can monitor the wallet for years and attack immediately he finds out that the wallet has now been funded.

No one should joke with his wallet whether funded or not. If they ever share their seedphrase online or to anyone, they should know that such a wallet is no longer safe, it has been compromised.

[Hyphen(-)]

As soon as you successfully creates your wallet account, immediately then take orderly and secured control of your seed phrase.
I met an enthusiast who hadn't buy bitcoin for the first time and said he'll properly guide his wallet and seed phrase when he'll finally buy bitcoin.
A very huge misconception there that could get your funds risky of loose because, any loopholes of the wallets security keys in an onset could destroy your entire efforts because scammers getting reach of your security keys in an early time can always hold it and keep tracking your wallet address until they catch you up and steal your funds.
Sound warning to beginners.

Yes you are right, the best thing to do is to find the best way to keep your seed phrase safe as soon as possible because it is the key component of your wallet and without your seed phrase, you are not the owner of your Bitcoin or any assets in the wallet. Delaying to save the seed phrase in the right place might make it easy to get by any scammer because you might decide to keep it saved in your phone and since your phone is active online it might be very risky because tibia your phone and it is having access to internet.

[NurseHub]

There is no much work to do when you have to create your wallet and safe guard them basically all you need is to, write em down manually and then splitting them to different locations where they can be safe and if you don't want much work you can definitely use stainless steel back up as a better way to secure the wallet. but it's as important as having a bitcoin to having a good safety or security towards your wallet or coin.

That thing which you consider not to be much hard work is actually a big one for some people. Some don't even know the proper way to safely import and save their private key. Some could write it down but won't know how to safely protect it's easy for some of us who already know our way around, but it's not same for those who are too ignorant of everything.

Of course lack of knowledge is the biggest enemy of man, it might be hard for some at some point to safe guard their secret phrase but however writing it down will only be hard for some especially when they don't know what the consequences could be or if actually writing it down is something important.

So at what time is it needed to recommend splitting seed phrase since you said it's not everytime splitting seed phrase is recommended?.

I wanted to exact same question, because personally I know at the point of creation security or securing your secret phrase should be a top priority not when you're done and likely to forget it that you start struggling to fix things right.

[Zigabel]

I would just say to write it down in multiple places because not all places will be destroyed at the same time. Avoid writing it down in a blank space on your phone or computer. Even in a hidden location online. Experienced thieves look for opportunities to steal your assets. They can hack your device by checking your wallet address and transaction history.

Writing it down on different places sounds safe , mire like an offline storage of your seed phrase, we know that online storage can bee risky but the writing it down also does comes with its risk, one of which is been exposed to some one without your consent, if you have it on multiple books or sheets of paper, someone could stumble on them and if they have an idea what it is, they have gotten an unauthorised access to your wallet and assets.

If you Must write it down, make sure to prioritize the safety of the materials on which these phrase are written, that way, you will be able  to have that extra layer of security you seek or if you can afford it, you could get the metal plates where you can have it engraved just like those that is used by most cold storage users but again you will make sure to secure it and limit access to it as much as possible, maybe have kept in a safe.

[Franctoshi]

As soon as you successfully creates your wallet account, immediately then take orderly and secured control of your seed phrase.
I met an enthusiast who hadn't buy bitcoin for the first time and said he'll properly guide his wallet and seed phrase when he'll finally buy bitcoin.
A very huge misconception there that could get your funds risky of loose because, any loopholes of the wallets security keys in an onset could destroy your entire efforts because scammers getting reach of your security keys in an early time can always hold it and keep tracking your wallet address until they catch you up and steal your funds.
Sound warning to beginners.

You're in charge of that crypto because it's only you who got access to the seed phrases to the wallets, when you are creating your wallet, that's exactly the same time when you start safeguarding your private keys to ensure you have total control of your funds without another person, scammers getting access to your funds.