For your safety, keep your Bitcoin holdings as private as possible.

[sokani]

One fact we have to look at is that, crypto currencies investment isn't really discreet because of KYC and AML policies that have users information and data and anyone with high tech computing power and influence can steal information and sell to the highest bidder.

This has nothing to do with KYC. Some persons use their hands to cause their own problems. They post their wealth online or live a flamboyant lifestyle, which makes them targets for robbery attacks, and that's why it's advised that people should be discreet with their investments. While for others, due to the key positions they occupy in crypto firms, it makes them targets for criminals. Their identity is already public knowledge, and the best they can do is to live in a place that has less crime and better security.

I was even thinking if it's possible that using dual space apps on our devices to hide our crypto currency apps and platforms Incase it falls into wrong hands, could be a secure method to stay safe with the increased rate of wrench attack ongoing. Could it help?

Not a bad idea. It can help protect small amount on your hot wallet. But don't forget that large amount should be kept on cold storage or hardware device.

[iBaba]

You will be shocked it is even worst here in Nigeria just that we don't have a means of collation reports for incidences and thefts regarding crypto. This is another awakening call for we all to be careful about how we go about telling people of how much bitcoin we own. Most times in bars and clubs when people get high they begin to disclose most of their assets and boast about risking their lives and that of their family members. Our success can be overwhelming a times but self control can help reduce risks of becoming victims to most of the ugly incidences.

You saw what Ahmed XM did recently? Displaying a wallet worth is it millions or billions of USDT? I don’t know how true it is since I do not have access to verify what’s truly there. I understand he was doing all of that so he can get more clients, students and others with interest in bitcoin and crypto in general but for another thought I was like man, what are you doing, I just hope that does not pose any security threat or risk to him.

I don’t know what’s going to be his response but if given a deep thought I think it wasn’t just a great idea couple with the fact that the country is currently in financial crisis and people are digging different ways and avenues by hooks or crooks to get huge money and buy luxury cars and homes.

[Dareo]

-snip-

Actually many people only think about the investment aspect but we don't give much importance to the security aspect. Especially when people are sharing their wealth with a large number of people, the risk is increased unknowingly. Be it crypto or any other asset, too much of publicity is not always good, Personally I think its better to be a little careful and restrained. The less people know about your financial situation the safer you can be. Ultimately it's our own responsibility to ensure our own security.

[HajiBagi]

I have seen a number of related topics about attacks on cryptocurrency holders and the importance of keeping a low profile about it. Most of these cases happen in the US and Europe, I don't think that I have heard about attacks on cryptocurrency holders in Nigeria, but that doesn't mean that we shouldn't learn something from the experiences of these victims, I heard that some victims were killed in the process. I wouldn't be surprised if incidents like these attacks enters Nigeria, because our local criminals are also observing how their foreign colleagues are dealing with cryptocurrency holders.

To protect ourselves against such violent attacks we shouldn't go public with our cryptocurrency information, if nobody knows about what you have they will not attack you. If you must tell someone let it be who you trust. Never brag about how much you are worth whether cryptocurrency or not in the public space because you will be giving free information to robbers to attack you.

If you did not let anyone know that you have bitcoin or holding bitcoin it will be difficult for you to be attacked and force to transfer your bitcoins, why will someone attack you when he doesn’t have any information about your investment, we are the reason why some things used to happen to us, many of us can not keep quiet and live a low key lifestyle without telling people about how we get our money and where we keep it, many of us always use our investments as a topic when we are with our friends and family.

We should always remember that not everyone around is happy with our success, some people will want to get close to you just to hurt you or ruin your life, those people were attacked and forced to transfer their investment are the ones that link their information and if they investigate very well it will be the plan of someone who is very close to them, we should be careful with people around us.

[GIF-JOBS]

-snip-

Actually many people only think about the investment aspect but we don't give much importance to the security aspect. Especially when people are sharing their wealth with a large number of people, the risk is increased unknowingly. Be it crypto or any other asset, too much of publicity is not always good, Personally I think its better to be a little careful and restrained. The less people know about your financial situation the safer you can be. Ultimately it's our own responsibility to ensure our own security.

But this security is not in people's thoughts, they don't think about it, they just think that if they tell others about their wealth, then others will understand how rich they really are or something like that, here they basically do this because of a bit of a luxurious mentality, like those who are luxurious, they present their wealth in front of us, as a result of which they enjoy it happily. For this reason, there are many who talk about their wealth in front of people, but they don't have any headache about the risk that is created as a result. This is a completely unnecessary thing which only creates unnecessary risk, so those who are responsible and aware never do such things, responsible people keep everything as secret as possible to ensure their own safety.

[Somto9Light]

-snip-

Actually many people only think about the investment aspect but we don't give much importance to the security aspect. Especially when people are sharing their wealth with a large number of people, the risk is increased unknowingly. Be it crypto or any other asset, too much of publicity is not always good, Personally I think its better to be a little careful and restrained. The less people know about your financial situation the safer you can be. Ultimately it's our own responsibility to ensure our own security.

Not a little careful, extremely careful. As a matter of fact, security and safety of one’s asset and investment is even more important than the size of that investment, because even if one manages to reach a state of overaccumulation in the shortest period of time but compromises the safety of his portfolio, then everything is almost as good as useless because he can lose them all at any time and start from square one, which is why safety should come first before any other thing, and if any investor prioritizes any other thing over safety and security then he’s making a big mistake.

[Somto9Light]

Actually many people only think about the investment aspect but we don't give much importance to the security aspect. Especially when people are sharing their wealth with a large number of people, the risk is increased unknowingly. Be it crypto or any other asset, too much of publicity is not always good, Personally I think its better to be a little careful and restrained. The less people know about your financial situation the safer you can be. Ultimately it's our own responsibility to ensure our own security.

Anything that deals with Bitcoin, one has to be careful about how they share their privacy with other people, because scammers are just roaming about looking for who they will lure money from and if one is not careful and cautious, they will easily be scammed. That is why people are advised to protect Bitcoin by all means and prevent whatever thing that will lead them into making mistakes that will ruin their plans and their chances of accumulating more Bitcoin.

[ASloveapg]

Actually many people only think about the investment aspect but we don't give much importance to the security aspect. Especially when people are sharing their wealth with a large number of people, the risk is increased unknowingly. Be it crypto or any other asset, too much of publicity is not always good, Personally I think its better to be a little careful and restrained. The less people know about your financial situation the safer you can be. Ultimately it's our own responsibility to ensure our own security.

Anything that deals with Bitcoin, one has to be careful about how they share their privacy with other people, because scammers are just roaming about looking for who they will lure money from and if one is not careful and cautious, they will easily be scammed. That is why people are advised to protect Bitcoin by all means and prevent whatever thing that will lead them into making mistakes that will ruin their plans and their chances of accumulating more Bitcoin.

I agree with you, those who are usually careless can easily be deceived or can be attacked because of their carelessness. Both security and privacy are very important in Bitcoin investment. We have to be careful about our own security. Why should I unnecessarily tell others about my wealth? What is the benefit to me as a result? There is no benefit, but it is only becoming known among people that you have wealth, which increases your risk, but people do not understand this easily. That is why we have to weigh our decisions, those who actually tell others about their wealth do not have a heavy mind, they do not think about all the things, and in the end this leads them to terrible situations, which are completely unexpected.

[TokenTikas]

Why should I unnecessarily tell others about my wealth? What is the benefit to me as a result? There is no benefit, but it is only becoming known among people that you have wealth, which increases your risk, but people do not understand this easily.

Bitcoin was created so people can handle their transactions while keeping their privacy and staying secure, but many people ignore this privacy and still share details of their investments with others. This kind of sharing is not really a good practice because it is better to keep important matters private. Anyone who openly shares their private information with others should understand that if they later face problems, it will be seen as a result of their own carelessness because they placed themselves in that situation by not protecting their privacy properly.

[Bitcoin.com97]

For our safety it’s best we keep our Bitcoin holding as private as we can , we should learn to keep our wallet address and transactions secret, except to one trusted person , the world we are ,is cruel, most people are wicked and they are not far from us , It could be our close friends, it will be best if most people avoid sharing their transactions publicly, stay vigilant and protect your asset .

[Nwada001]

For our safety it’s best we keep our Bitcoin holding as private as we can , we should learn to keep our wallet address and transactions secret, except to one trusted person , the world we are ,is cruel, most people are wicked and they are not far from us , It could be our close friends, it will be best if most people avoid sharing their transactions publicly, stay vigilant and protect your asset .

The world is a cruel place; even the people who are considered to be trusted can still be the ones to betray you. We should keep our bitcoin involvement quiet from neighbours and even those family members – even the trusted ones. We should still know the amount of information we give them about that. Some of the high-level crypto thefts that happen around the world always somehow have loopholes that could be traced down to people close to the holder exposing some details or being among the theft group.

[Joy- maker]

I believe non of us here is hearing this type of news for the first, where people are been force by robbers to transfer their cryptocurrency holding to their own wallet.

What mavel me the more is the fact that, after hearing news of this such people still end up flaunting there cryptocurrency investments online. Telling people the amount they are holding in Bitcoin and other cryptocurrencies.

if only you can keep your cryptocurrency investment private, I am pretty sure that such harm won't come to you. You can never be in a position were you would be force to transfer your cryptocurrency investment to another wallet that is not yours.

[GiftedMAN]

For our safety it’s best we keep our Bitcoin holding as private as we can , we should learn to keep our wallet address and transactions secret, except to one trusted person , the world we are ,is cruel, most people are wicked and they are not far from us , It could be our close friends, it will be best if most people avoid sharing their transactions publicly, stay vigilant and protect your asset .

If everything about our Bitcoin holding and other investments should be kept as a secret then we should also learn how to be secretive and don't go about preaching Bitcoin to everyone we see because they will also assume that we must have Bitcoin before we encourage them to invest.  Life should be private, investments should be done in private and your Bitcoin holding should never be a topic of discussion with anyone unless you are willing to face the risk involved.

[Powerjumboo]

Privacy when it comes to bitcoin investment is very important, not just securing assets with the best measures but also securing oneself from dangers and attacks from criminals.

This story is a really touching one, no one knows how long these couples must have accumulated that huge amount of bitcoin, only to lose it to thieves maybe out of carelessness. But this also bring to the notice of other holders the essence of privacy in every aspect.

Of course, privacy is very important in Bitcoin investing because if we cannot protect the privacy of our investments, then we will bring our own dangers. Although such an incident has not happened to us so far, but we should always be careful, just because such an incident has not happened to us, we cannot always destroy privacy. I keep my investments as confidential as possible and I do not disclose my investment details to anyone.

[PremiumcryptoHub]

Bitcoin holdings should always be kept private and I think that not only the invested wallets of Bitcoin holders on this forum are safe rather every investor in our country should remain anonymous. However after reading your post, I understand that terrorists have forced a French couple to transfer $980,000 worth of Bitcoin, actually this is not new because I mentioned the same thing before, that terrorists took access to a 21-year-old boy in Ukraine after he told them about his father's Bitcoin holdings. In fact everyone should be more careful after seeing these incidents of scammers stealing Bitcoin from different couples or boys and all of us on this board should commit that when we invest, we should not share it with anyone but rather do it quietly and for the long term.

[ZeroVinsonN]

This is the world we are living in where people's lives are in danger because of what they have access to, we should always strive to keep our bitcoin holdings a secret from people, the mistake alot of people make is to assume that everyone around them wants the best for them but there are alot of people out there with the 'crab mentality', they can't win so the make sure to drag down others who win win down with them.
Know who you trust with your sensitive information, they might not be the ones to try and bring you down but while you trust them you do not know who they themselves trust and they might end up trusting the wrong person with your information.

[ejikeme24]

-snip-

Actually many people only think about the investment aspect but we don't give much importance to the security aspect. Especially when people are sharing their wealth with a large number of people, the risk is increased unknowingly. Be it crypto or any other asset, too much of publicity is not always good, Personally I think its better to be a little careful and restrained. The less people know about your financial situation the safer you can be. Ultimately it's our own responsibility to ensure our own security.

You're right alot of investors doesn't Care about the security aspect not knowing that it is even more important than the Bitcoin we are accumulating, if we don't have a tight security those things we are accumulating becomes a waste because someday you will end up handing over all your assets to scammers, so as an investor it's good to be security cautious because there's nothing bad as Lossing our investment that we have been building for years even to someone who doesn't know how you struggled to build it.

[Lida93]

You will be shocked it is even worst here in Nigeria just that we don't have a means of collation reports for incidences and thefts regarding crypto. This is another awakening call for we all to be careful about how we go about telling people of how much bitcoin we own. Most times in bars and clubs when people get high they begin to disclose most of their assets and boast about risking their lives and that of their family members. Our success can be overwhelming a times but self control can help reduce risks of becoming victims to most of the ugly incidences.

Due to how some bad police officers do harras and forcefully search into the phones of young Nigerians and taking advantage of them by using the legal uniform to steal from the people. As a result I have made it a habit to keep advising the young men to always keep their essential gadgets that has to do with cryptocurrency related informations and apps at home  while they can have other gadgets with common apps just to prevent falling prey into hands of bad police men and other attackers. Living a private is being underrated by a lot of people but not until they get bursted by their own loud mouth.

[coinlary]

Another important point is that in addition to personal privacy, if someone has a significant amount of Bitcoin, it is very important to keep it in a secure personal wallet instead of keeping it on an exchange, use a strong password, enable two-factor authentication (2FA), and store the seed phrase in a safe and secret place. Here, security must be ensured from all sides, and this is also related to personal security. The fewer people who know about your crypto assets, the safer you will be.

Privacy is somehow complicated. It cannot be fully achived  once your satoshis has a trace to an exchange  but your privacy  will stilll be maintained against general public, all you have to be concerned about is the exchange as they have your data and can give it up willingly at anytime apart from getting it exposed to data breaches.

Best option for wallet security  is to just use cold storage. With cold storage, all you have to worry about is keeping your seed phrase safe . Not sure the 2FA you're referring,  although some  wallet offers the traditional 2FA  feature but you can use passphrase as a close alternate, 2FA handling by the wallet devs is also a bit complicated .

[Padi24]

For our safety it’s best we keep our Bitcoin holding as private as we can , we should learn to keep our wallet address and transactions secret, except to one trusted person , the world we are ,is cruel, most people are wicked and they are not far from us , It could be our close friends, it will be best if most people avoid sharing their transactions publicly, stay vigilant and protect your asset .

If everything about our Bitcoin holding and other investments should be kept as a secret then we should also learn how to be secretive and don't go about preaching Bitcoin to everyone we see because they will also assume that we must have Bitcoin before we encourage them to invest.  Life should be private, investments should be done in private and your Bitcoin holding should never be a topic of discussion with anyone unless you are willing to face the risk involved.

Yep, this aspect of being secretive is also very important just as most people were going around bragging about the little stash of bitcoin they have in their portfolio, all this things is what we need to avoid,  most people think that there's no effect in doing that but if they should know the level of risk that is associated with that, probably they will keep their mouth Short they won't even allow people to find out that they are into bitcoin investment no to talk of knowing the stash of bitcoin they have in their portfolio so as a Bitcoin enthusiast you need to be secretive it's for your own safety.