lovesmayfamilis
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Activity: 2702
Merit: 5354
✿♥‿♥✿
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January 19, 2026, 11:44:20 AM |
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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.
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Peanutswar
Legendary
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Activity: 2156
Merit: 1792
Alliance Of Bitcointalk Translator | ENG to FIL
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January 19, 2026, 12:22:04 PM |
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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.
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Obim34
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January 19, 2026, 04:12:28 PM |
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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.
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Mhizlove
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January 19, 2026, 07:37:02 PM |
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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.
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FinneysTrueVision
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January 20, 2026, 06:25:22 AM |
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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.
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Vvang
Jr. Member
Offline
Activity: 57
Merit: 24
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January 20, 2026, 07:02:10 AM |
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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.
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MagnificentX
Newbie
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Activity: 8
Merit: 0
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January 20, 2026, 07:30:59 AM |
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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.
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Hypnosis00
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January 20, 2026, 08:09:39 AM |
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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.
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yixichloro2xx
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January 20, 2026, 10:14:41 AM |
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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
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January 20, 2026, 05:55:06 PM |
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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.
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AakZaki
Legendary
Online
Activity: 2478
Merit: 1604
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January 20, 2026, 10:50:00 PM |
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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.
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nakamura12
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Today at 06:16:57 PM |
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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.
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