Spread the words out there

[lovesmayfamilis]

Therefore, it is not enough to simply buy a wallet; you also need to learn to “use your head” (recognize and critically evaluate attempts to fool you).

Yes, there's a good analogy: a monkey with a grenade. People who own a car need to learn how to drive it and know the rules; otherwise, they turn into a monkey with a grenade who, with improper actions, can cause harm, but in this case, of course, the only one who is harmed is themselves. However, sometimes the loss of a large sum of money affects more than just the owner of the wallet.

[Peanutswar]

Even you have the greatest security in terms of wallet but the user are not into security, and they are still vulnerable and prone to attacks. Tons of scammers and hackers out there keep innovating to compromise other peoples wallet and drain it instantly. Just one mistake from the user to give a full authorization or seed phrase to a wrong website, the hacker immediately stole their funds within a blink of an eye, you cant do anything because in crypto space transaction there's no reversal feature. This could be a charge to experience. Learn from the mistakes and other people's mistakes with their funds to prevent losing yours.

Also I do not recommend putting all of your money in a single pocket if you have funds to buy a hardwallet why not take it two and use that other wallet for your other long term investment. Make a plan how to distribute your funds if you arent using them all at once.

[Obim34]

If anyone is trying to confuse you to drop your private keys for your own sake they are trying to fool you, even if they claimed to be part of the team of that same hardware wallet that you are using. Private keys, Recovery seeds, they are not meant to be shared even with the team of your hardware wallets.

Seed phrases don't need supports
They don't need any fixes.
Not Ever.

Common sense should be normal, if it says private keys, doesn't that mean it should be just for the owner to have only access.

There is nothing technical about the response of refusing to give out details that are boldly written to be private.

Even with the best wallet structuring, hardware or software, the best safety lies in how we expose them or secure our keys/phrases.

[Mhizlove]

Self custody is the safest solution if you know what you're doing. Multisigs with multiple devices are usually the strongest way to keep your assets safe (especially if they're different OSes or mix hardware or airgapping with online machines).

I get you but you see self custody isn't all about strong tools only rather it's about how disciplined you're, if the backup been used isn't save or the setup is not understandable by some persons then the mistakes that you want to avoid will still happen at the end because the setup is not being understood. And again you see, the security do not  suppose to be that complex for the owner of the wallet or let me say the user, even if the system is simple it can be managed and it can be more safer than the one that is complicated and at the end will bring confusion.

[FinneysTrueVision]

Hardware wallet users are some of the most targeted people by hackers and scammers based on all the reports we see of fake emails being sent by impersonators of Trezor and Ledger. You would expect the bad guys to have some success eventually, even if they fail 99% of the time.

Hardware wallets are still very useful because they make it significantly harder for attackers to steal your funds. A malicious download on your PC is not the end of the world as long as your private keys are offline. It is still possible to be social engineered, but being aware of the warning signs will mitigate that possibility to a great extent.

[Vvang]

Hardware wallet users are some of the most targeted people by hackers and scammers based on all the reports we see of fake emails being sent by impersonators of Trezor and Ledger. You would expect the bad guys to have some success eventually, even if they fail 99% of the time.

Hardware wallets are still very useful because they make it significantly harder for attackers to steal your funds. A malicious download on your PC is not the end of the world as long as your private keys are offline. It is still possible to be social engineered, but being aware of the warning signs will mitigate that possibility to a great extent.

Hackers really can't do a lot unless they use social engineering scams to get the coins stolen, users have to willingly give up their seed phrase and they call that a winner? Thats not a win to hackers but scammers, hackers do the hard jobs, they should be penetrating the hardware wallet security, so I won't call them hackers because obviously they hack nothing.

[MagnificentX]

That’s why no wallet can be 100% safe , because when you are careless as the owner or user of a particular noncustodial wallet , you have already increased the chances of losing your assets because any wrong move towards that wallet will lead to loss of assets. Like being careless with your private key or seed phrases , because even in scenarios where you wrote your seed phrases on piece of paper , it doesn’t mean is safe from physical attacks.

I agree with this. Even a hardware wallet can be emptied by scammers or hackers as long as the owner is careless. In my opinion, the security of the wallet depends on the owner even if it is a non-custody wallet as long as the owner is not careful then the funds in that wallet can be taken by the scammer/hacker. I think that's the reason why others hold or keep their funds in a custody wallet or an exchange platform for safekeeping when it's really not the recommended way of storing crypto funds.

Despite this weakness, self custody still remains unmatched. Even exchanges and thind party platforms are not safe from hacks. The stories about major exchange hacks are all there for us to read. For self custody, the bitcoiner just needs to be well educated about major bitcoin risks and how to avoid them. He should know that he is not supposed to give out important information about his wallet to anyone.  Carelessness can be costly.  If he knows what he is doing, then there is nothing to worry about.

This thread would even do so much good if newbies are really ready to read and not just post here on the forum, just the few minutes I have gone through the posts on the thread and seeing experiences people have had, I can boldly say that this is a very precious knowledge being distributed for free. A lot of new bitcoiners really fall for calls claiming to come from wallet team going far to the point of giving them crucial details about their wallets.
Self custody needs to be learnt and practiced because the keeping of one's own self is the beginning of success in life and I believe that idea is applicable to every ramifications of life. Man as a being is his biggest enemy and if man fails to keep himself, then his downfall begins even faster than he'll know it.

[Hypnosis00]

From the word private keys, that meant to be self-kept by the owner itself, not by the wallet's company, nor the people behind that wallet development. So if you still fall on those people that turn out as scammers, the problem is definitely YOU. There's no safest and most secured wallet if the owner itself does not know how security and privacy works for him and for his coins.

This is why people should never rush into entering an investment where there is no sufficient amount of knowledge gained from research. Because that would only mean one thing, you do invest not to secure what you have but because you want to fill out the greed that have developed out from hearing or seeing those successful stories from bitcoin investment.

[yixichloro2xx]

The job of self custody is to give the user total freedom and control over their assets. But it comes with full responsibility. Another thing is that once your key phrase is exposed, your assets might get stolen and there's no way you can ever recover them back. Scammers often look for ways to get you, they don't your device instead it is your mind first. Fear, trust, and urgency are their weapons. As a crypto holder you must be calm , don't trust any requests or link you see online and they should treat seed phrases like cash or life documents.
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[uchegod-21]

That’s why no wallet can be 100% safe , because when you are careless as the owner or user of a particular noncustodial wallet , you have already increased the chances of losing your assets because any wrong move towards that wallet will lead to loss of assets. Like being careless with your private key or seed phrases , because even in scenarios where you wrote your seed phrases on piece of paper , it doesn’t mean is safe from physical attacks.

I agree with this. Even a hardware wallet can be emptied by scammers or hackers as long as the owner is careless. In my opinion, the security of the wallet depends on the owner even if it is a non-custody wallet as long as the owner is not careful then the funds in that wallet can be taken by the scammer/hacker. I think that's the reason why others hold or keep their funds in a custody wallet or an exchange platform for safekeeping when it's really not the recommended way of storing crypto funds.

Despite this weakness, self custody still remains unmatched. Even exchanges and thind party platforms are not safe from hacks. The stories about major exchange hacks are all there for us to read. For self custody, the bitcoiner just needs to be well educated about major bitcoin risks and how to avoid them. He should know that he is not supposed to give out important information about his wallet to anyone.  Carelessness can be costly.  If he knows what he is doing, then there is nothing to worry about.

This thread would even do so much good if newbies are really ready to read and not just post here on the forum, just the few minutes I have gone through the posts on the thread and seeing experiences people have had, I can boldly say that this is a very precious knowledge being distributed for free. A lot of new bitcoiners really fall for calls claiming to come from wallet team going far to the point of giving them crucial details about their wallets.
Self custody needs to be learnt and practiced because the keeping of one's own self is the beginning of success in life and I believe that idea is applicable to every ramifications of life. Man as a being is his biggest enemy and if man fails to keep himself, then his downfall begins even faster than he'll know it.

With all the experiences being shared here on daily basis, no newbie is supposed to fall victim to most of these cheap scams and self custody issues because of ignorance. It is quite unfortunate that majority of the newbies we have here are not interested in the knowledge being shared here, but so desperate to rank up  and start earning through this platform. With that mindset, they miss out on some of the security and safety tips being shared. I love your mindset, be an exceptional newbie and stay safe.

[AakZaki]

The job of self custody is to give the user total freedom and control over their assets. But it comes with full responsibility. Another thing is that once your key phrase is exposed, your assets might get stolen and there's no way you can ever recover them back. Scammers often look for ways to get you, they don't your device instead it is your mind first. Fear, trust, and urgency are their weapons. As a crypto holder you must be calm , don't trust any requests or link you see online and they should treat seed phrases like cash or life documents.
‎

Because once you let your guard down the consequences can be permanent and irreversible. There is no customer service, no third party and no authority that can recover assets lost through their own mistakes.
It is therefore important to establish security habits from the beginning, such as keeping key phrases offline, not taking pictures of them, not typing them on internet connected devices, as well as not sharing them with anyone for any reason.

Consistent self education is also a major bulwark, as most attacks succeed not because of weak systems, but because of human negligence. By understanding the risks and being disciplined, you not only protect your assets but also maintain the financial independence that is at the heart of self ownership itself.

[nakamura12]

Despite this weakness, self custody still remains unmatched. Even exchanges and thind party platforms are not safe from hacks. The stories about major exchange hacks are all there for us to read. For self custody, the bitcoiner just needs to be well educated about major bitcoin risks and how to avoid them. He should know that he is not supposed to give out important information about his wallet to anyone.  Carelessness can be costly.  If he knows what he is doing, then there is nothing to worry about.

This is true. I prefer using self custody wallets than using third party wallets or am exchange platform to store crypto funds. That way, you are the only one responsible for the funds you have and if you are a responsible person and also have knowledge about keeping your wallet safe and secured then you won't have to worry about your funds being stolen or hacked. Being updated on news would also help us to know which schemes people have to empty a wallet that they do not own.

[Youngrebel]

You can get the best hardware wallet in crypto space, completely airgapped and still lost all your Bitcoin and crypto assets.

Self Custody has a weakness.

That weakness is YOU

The weakest link in Self Custody isn't the wallet itself but the person using it.


Many people keeps going for the best options available and still ended losing their coins, the victim who lost $300M days ago is using a Trezor wallet, and still got destroyed through social engineering attack.

People knows that crypto wallets have private keys and recovery seeds but they failed to take them very seriously like their lives depends on it.

Private keys can't be repaired, because they are never faulty.

If anyone is trying to confuse you to drop your private keys for your own sake they are trying to fool you, even if they claimed to be part of the team of that same hardware wallet that you are using. Private keys, Recovery seeds, they are not meant to be shared even with the team of your hardware wallets.

Seed phrases don't need supports
They don't need any fixes.
Not Ever.

This is sounding like the victim released  his wallet address to those scamers. These people are just full of different tactics and styles that they use in Luring victims to fall prey. But funny how people still fall victim of these things regularly.  You never can tell though who can fall and who cannot. Infact sometimes  we get lost and carried away that we forget and just let something out that are supposed to be secrets. More reason why we need to be carefull of the kind of people to talk to.

[freedomgo]

Even if you get the best wallet, the safest hardware wallet, but if you don't know yet how valuable having full self-custody is, you will never be successful in your investment.

A lot of investors chose the safest wallet and give high importance to it, but don't even know that self-custody should be given the most valuable concern because no amount of bitcoin that will consistently grow and remain safe if the investor itself is not aware how crucial it is to safeguard the privacy and security of the private key at its utmost.

If there's no full self-custody with your bitcoin and its private keys, do not bother to expect profits and success then.

[Asuspawer09]

There was no wallet that is going to be safe from all of the attacks it doesn't really matter in the end if the wallet is the best in the world or the most secure if the user's is the one that is going to make the error it is still going to get drain or get hack by the scammers or hackers out there, It can be the other way around since your wallet might not be the best wallet out there but as long as you know what you are doing and know how you can protect yourself from this kind of things there was really a very low chance that you are going to get compromised, I would say that having the knowledge or experience, knowing what to do, being aware of it, knowing how to prevent it is better than having a secured wallet, probably it is going to be around 80% then having a good wallet is just 20-30% security depending on the wallet.

If you really want to get secure you should learn how to do it, have some knowledge about it, know how you are going to protect yourself, and ofcourse find a secured and great wallet that works for you. Because of if are aware of the scam, you could easily spot it from a mile away and could easily avoid it, you know if there are red flags that is happening, and prevent something.

[EarnOnVictor]

You can get the best hardware wallet in crypto space, completely airgapped and still lost all your Bitcoin and crypto assets.

Self Custody has a weakness.

That weakness is YOU

The weakest link in Self Custody isn't the wallet itself but the person using it.
-Snip-

You have a good point, people should take the most blame for the careless use, but you can't also totally exonerate the hard wallets as if they are perfect, they aren't. With some news of the hardware failure of hard wallets, I've thought it twice about using it, provided I even have the reason for using it.

Besides, I wonder why people would store so much money like $300m worth in a single wallet. That's a risk they should also check, aside from other carelessness that you've iterated.

[Lucius]

Spread the words out there is on the one hand good advice, but it also has its downside. If you do it online anonymously, you are doing something good in a safe way, but if you talk about it to your friends, acquaintances, or relatives, then you are drawing attention to yourself, considering that everyone who owns something valuable today is exposed to risk.

If someone asks you if you know anything about how to buy cryptocurrency, which wallet to use, or anything related to it, tell them that all the knowledge is available online. It's really funny to me that people invest in cryptocurrencies, but don't know how to use the internet or search engines.

[Big Dirams]

You can get the best hardware wallet in crypto space, completely airgapped and still lost all your Bitcoin and crypto assets.

Self Custody has a weakness.

That weakness is YOU

The weakest link in Self Custody isn't the wallet itself but the person using it.

Well you're making sense OP, while we are being conscious and careful with the security of our assets we should also not that we can lose our assets by the mistakes we make ourselves so you're right we can be the weakest link if we are not aware of our own mistakes. The only good thing about it is that we can prevent this from happening since it's in our control.
Being careless can be costly but many people neglect it and think it will always go well, they don't learn until they make mistakes and lose money.

[Cookdata]

Hardware wallet users are some of the most targeted people by hackers and scammers based on all the reports we see of fake emails being sent by impersonators of Trezor and Ledger. You would expect the bad guys to have some success eventually, even if they fail 99% of the time.

Hardware wallets are still very useful because they make it significantly harder for attackers to steal your funds. A malicious download on your PC is not the end of the world as long as your private keys are offline. It is still possible to be social engineered, but being aware of the warning signs will mitigate that possibility to a great extent.

This hardware challenges is particularly from ledger hardware wallet, you can't hack a hardware though, not that have seen one because the private keys are store offline in a hardware wallet but doesn't mean isn't possible, there is speculation about possibilities Bluetooth connections via short wave range since you still need connection through some medium. Unlike an airgap device you can only make connect only with a QR code or through micro SD card.

Unfortunately, ledger wallet had their customers email.l compromised, they claimed the email was leaked by a third party and because of their negligence, these emails are on the internet and now once in a while, you see phishing link from impersonators trying to be ledger company. Some people even went ahead to send mail, as in physical mail to ledger users to scam a QR code from their Legder hardware for updates. Some of them fell for this simple scam because of ledger mistake.

[Moreno233]

Well you're making sense OP, while we are being conscious and careful with the security of our assets we should also not that we can lose our assets by the mistakes we make ourselves so you're right we can be the weakest link if we are not aware of our own mistakes. The only good thing about it is that we can prevent this from happening since it's in our control.
Being careless can be costly but many people neglect it and think it will always go well, they don't learn until they make mistakes and lose money.

It is always painful to learn the hard way which is through experience. One of the benefits of this forum is the knowledge it shares to people who care to learn, they can never do things in ignorance. I still remember those days people think that CEX are the safe place to keep their asset, they spend time protecting their login details to exchanges without knowing that keeping money in exchange is already a big risk. Through this forum, a lot of us have learnt the importance of self custody and are more confident in security than ever. The phrase "not your keys, not your coins" is a very good emphasis on self custody.