“Step-by-step guide to securing your wallet”

[VivaMan]

It's very good to secure your  Bitcoin wallet to avoid losses or scams e dey even more important than buying it.

Alot of people dey lose funds not because Bitcoin was hacked, but because their wallets dey poor in secure.

I want to briefly explain practically, steps beginners and experienced  users can fellow to keep their crypto very secured.

1. Choice of choosing the right type of wallet
We get different types of wallets:  wallet types security level best for exchange wallet for low temporary storage, we also have mobile wallet medium for daily transactions, hardware wallet for    long terms holding etc.


2. Never store large funds on exchange
To dey keep Bitcoin on exchange dey risky because exchanges can be hacked, or accounts can be frozen , you don't control the Private keys, use exchange for buying and selling not for long term storage.
3. Ensure your seed phrase is well secured
Your seed phrase is one of the  most important thing way you need to keep very secure , contains 12- 24 words which is the main key to your wallet, eventually if someone knows it , they can easily steal all your Bitcoin, and note say transactions can't be reversed. The best way to protect this,  is to write it on your jotter,  save multiple in your phone.
Try to avoid
Saving in notes app, or uploading to Google drive.


4. Detecting scammers
Scammers pretend to be real phishing fake websites that look like real crypto platforms.
Keys to avoid this:
Before you log in ,
Double check the URLs, check the website very well, avoid links from random Whatsapp or telegram groups.
To detect some common scam :
Urgent account warning
Pretending to do giveaway
Puzzle games.
5.keeping your system cleaned
Make sure you update your phone always to avoid viruses, try to install antivirus software, no download wallet software way u no dey sure of , lastly try make you avoid cracked applications.
6. Strong passwords is the key
If you use week password, it can easily be exposed, so try to use strong and good password, it might contains latter's and numbers to make it stronger, examples Vivi Man 2386.
7. Testing with small transactions
Before you go send big amount, test with small amount firstly, with this you will verify the address very well, note that crypto transactions are irreversible. So if you mistakenly send to the wrong address is gone, so be careful.

8. Avoid common scams
Fake investment platforms
Whatsapp impersonating
Fake app

9. Have a backup plan
Always have thought of if your hardware wallets breaks what can be done, or what if you phone got spoiled, so you actually needs to always have backup, which means securing your seed phrase storage etc.

In conclusion
Bitcoin security na mostly all about discipline and be aware.
To be on the safer side you need to use
Hardware wallets
Protect your seed phrase very well and lastly be extremely cautious of scammers.
Of a truth no body is above mistakes but with this tips some common crypto security mistakes can be avoided.

[Exitoral]

This is a very good information, especially for beginners. Thanks for sharing. But there are a few things I want to point out.

Your seed phrase is one of the  most important thing way you need to keep very secure , contains 12- 24 words which is the main key to your wallet, eventually if someone knows it , they can easily steal all your Bitcoin, and note say transactions can't be reversed. The best way to protect this,  is to write it on your jotter,  save multiple in your phone.

You said seed phrases should be written in jotter and save multiple copies on your device. What if your phone is stolen. I don't think it is a wise idea. I don't even buy the idea of writing it in a jotter too. My advise is to have a password manager. Know one password for many passwords. That only one password you know should be stronger than the great wall of china.


Saving your cryptocurrency, most especially bitcoin should be stored in hard Wallet. It is more safer there than any were else. I am talking from experience. I had my funds locked in Luno and I couldn't access it.

Every other thing you pointed out is classic.

[BIT-BENDER]

Saving your cryptocurrency, most especially bitcoin should be stored in hard Wallet. It is more safer there than any were else. I am talking from experience. I had my funds locked in Luno and I couldn't access it.

Every other thing you pointed out is classic.

There is a man who has by now giving up on his search, he saved his Bitcoin in a hardware wallet but misplaced the device of storage he has done his very best in searching for the device and gave up I am sure according to his experience he will have a different story from yours.
I am not saying that hardware wallet isn't safe but that your means of storing your Bitcoin can't be safe unless you the holder prioritise safety, security and being careful.

[New Judgement]

This is a very good information, especially for beginners. Thanks for sharing. But there are a few things I want to point out.

Your seed phrase is one of the  most important thing way you need to keep very secure , contains 12- 24 words which is the main key to your wallet, eventually if someone knows it , they can easily steal all your Bitcoin, and note say transactions can't be reversed. The best way to protect this,  is to write it on your jotter,  save multiple in your phone.

You said seed phrases should be written in jotter and save multiple copies on your device. What if your phone is stolen. I don't think it is a wise idea.

I don’t even think it’s a good idea to store one’s seed phrase on a phone. It’s a bad habit and it shouldn’t be encouraged for any reason. I don’t think op understands the implication of that decision.

I don't even buy the idea of writing it in a jotter too.

Why don’t you buy the idea of writing your wallet phrase in a jotter? The best way to protect your wallet phrase is to write it down in a paper (it could be your jotter or notebook) or any other material you know you can write it down and store it comfortably, but it must not be online. So writing in a jotter that only you can access is not a bad idea of storing one’s seed phrase.

My advise is to have a password manager. Know one password for many passwords. That only one password you know should be stronger than the great wall of china.

Even if you are going to set a password for your wallet, you will surely need to have your wallet seed phrase written down and stored safely somewhere only you can access. Having a strong password on your wallet or device does not take away the danger or risk of losing your wallet and assets if the seed phrase are not written down correctly and stored securely.

[sokani]

This is a very good information, especially for beginners. Thanks for sharing. But there are a few things I want to point out.

Your seed phrase is one of the  most important thing way you need to keep very secure , contains 12- 24 words which is the main key to your wallet, eventually if someone knows it , they can easily steal all your Bitcoin, and note say transactions can't be reversed. The best way to protect this,  is to write it on your jotter,  save multiple in your phone.

You said seed phrases should be written in jotter and save multiple copies on your device. What if your phone is stolen. I don't think it is a wise idea. I don't even buy the idea of writing it in a jotter too. My advise is to have a password manager. Know one password for many passwords. That only one password you know should be stronger than the great wall of china.

It's not an ideal practice to store your seed phrase electronically. Whether in your phone, laptop, cloud storage, email, note app, password manager, etc. It's not advisable. A hacker can hack and steal your seed phrase remotely by deploying malware to your device. The best practice is to keep it offline. That's to write it on a clean sheet of paper or metallic steel plate and keep it somewhere safe.

[Mhizlove]

Let's not forget that security in bitcoin is not about fear but about awareness, person no need to too Sabi about tech self, but na patience and sense you go need. Alot of people do lose money because why, they rush into it, they easily trust strangers online or they have the feelings that nothing will happen but in this space, little mistake can cost you big loss.

So beyond all the steps, the most important thing is the mindset, always verify, don't ruch and don't feel that you're too smart to check all over again to be sure, because this careful routine will help protect wallet more than anything.

[Kelward]

In summary di best guide to securing your Bitcoin wallet from hacks and scams after you don download di original wallet because fakes de for play store you need to know say na you de in total control, if you make any mistakes you fit to lose your coins forever. Dat one mean say di total security of your wallet de for your hands and if anything happen to am as a result of your negligence it means say you are on your own.

Most importantly as you download your Bitcoin wallet make sure say you copy your seed phrase because that na your personal key to access your Bitcoin for another device and any other person wey get access to your seed phrase fit to move your coins from another device. If you lose your coins di wallet provider no fit to help you to recover your lost coins.

Not your keys not your coins so make you no leave your Bitcoin for inside exchange except di ones wey you want to trade, always leave your Bitcoin inside your none custodial wallet.

[Exitoral]

Saving your cryptocurrency, most especially bitcoin should be stored in hard Wallet. It is more safer there than any were else. I am talking from experience. I had my funds locked in Luno and I couldn't access it.

Every other thing you pointed out is classic.

There is a man who has by now giving up on his search, he saved his Bitcoin in a hardware wallet but misplaced the device of storage he has done his very best in searching for the device and gave up I am sure according to his experience he will have a different story from yours.
I am not saying that hardware wallet isn't safe but that your means of storing your Bitcoin can't be safe unless you the holder prioritise safety, security and being careful.

Your example of who misplaced his hardware wallet is valid, but that is just one in no cases. No one has lost his hardware wallet again. That person is just careless. I know you already pointed out that hardware wallet is safe. But you will make a beginner who will eventually read this don't buy the idea of storing his bitcoin assets in hardware wallet.  

This is a very good information, especially for beginners. Thanks for sharing. But there are a few things I want to point out.

Your seed phrase is one of the  most important thing way you need to keep very secure , contains 12- 24 words which is the main key to your wallet, eventually if someone knows it , they can easily steal all your Bitcoin, and note say transactions can't be reversed. The best way to protect this,  is to write it on your jotter,  save multiple in your phone.

You said seed phrases should be written in jotter and save multiple copies on your device. What if your phone is stolen. I don't think it is a wise idea.

I don’t even think it’s a good idea to store one’s seed phrase on a phone. It’s a bad habit and it shouldn’t be encouraged for any reason. I don’t think op understands the implication of that decision.

Why don’t you buy the idea of writing your wallet phrase in a jotter? The best way to protect your wallet phrase is to write it down in a paper (it could be your jotter or notebook) or any other material you know you can write it down and store it comfortably, but it must not be online. So writing in a jotter that only you can access is not a bad idea of storing one’s seed phrase.

If you are of the idea that seed phrases shouldn't be stored on the phone but written down, what of fire outbreak if it eventually happens or the paper or jotter gets missing. How then will you recover the seed phrase. You see why i don't like jotting it down. If you want to even do that, you have to jot it down and put the paper in different places which exposes the risk of it being in the wrong hands.

Even if you are going to set a password for your wallet, you will surely need to have your wallet seed phrase written down and stored safely somewhere only you can access. Having a strong password on your wallet or device does not take away the danger or risk of losing your wallet and assets if the seed phrase are not written down correctly and stored securely.

That is were the password manager comes it. There are password manager's that still allows you to jot things inside.

[Agbe]

Anyone who been dey here for long would know how to keep him money saved in non custodial wallets. Though e dey good to remind others who never know how to do am. I only recommend blue wallet and electrum wallet for people to use and dem dey good well well. Di good thing to do na to avoid clicking any link you see in the social media platforms cos na there dem dey start di move to scam or hack.

[BitBakerr1]

Anyone who been dey here for long would know how to keep him money saved in non custodial wallets. Though e dey good to remind others who never know how to do am. I only recommend blue wallet and electrum wallet for people to use and dem dey good well well. Di good thing to do na to avoid clicking any link you see in the social media platforms cos na there dem dey start di move to scam or hack.

Yes person way done Dey here for long suppose done no how to keep en wallet safe from thieves, but as you just talk e good make we always Dey remain ourselves always about how to keep our wallet safe because some times we go done forget and since no body Dey above mistake person fit just make mistake any time so reminding ourselves is very important.
Yes oo make we just dey avoid to click any how link way we see for social media because e Dey very dangerous some of those link na ways to us hack person wallet or get access to person wallet so make we Dey very careful and again you see using public wi-Fi make we try they avoid am too and no Dey use person system use login your wallet.