Guys,after going through the pain of loosing my BTCs HAckers I keep learning more and more about the Cryptoworld.Watever amount of Cryptocurrenices you have secure them in your HArdware Wallets,its your money guys keep them safe,let them not drain out for these lazy hackers !
Invest safe and stay safe !
You don't need a hardware wallet for maximum security. 99% of people getting ripped off are keeping all their BTC on a web wallet or in an online trading account.
Following these rules will eliminate most Bitcoin rip-offs:
- Stop using web wallets
- Don't keep all your BTC in your trading account (if you trade)
- Store your Bitcoin using a method where you have possession of your private keys. You can use the bitcoin-core client if you're willing to download 150GB of data. Or you can use one of the thin clients. Electrum is a good example: Make a new wallet with a deterministic seed phrase, print it and keep it somewhere safe. If your computer is stolen or destroyed you can regenerate the wallet from the passphrase.
- Stop using Windows. The Windows world is full of viruses and trojans that can steal your wallet.
- Use a Linux computer with whole-drive LUKS encryption for Bitcoin.
- Practice good internet hygiene. Don't download porn or torrents on the same computer as your Bitcoin. Keep your Bitcoin on a separate computer. Bitcoin is money and it's serious business.
- If you're a profitable trader move your profits from the trading site to your secure wallet. Don't keep all your eggs in 1 basket.
I agree with you these are the most important things one should take care of while holding BTC. The biggest problems what I find the newbies is that they put all their eggs in one single basket which makes all their eggs prone to anger if the basket breaks. Instead create multiple private keys and store your btc in different wallets. Keep nothing more than 0.2-0.5 BTC in one wallet even that is quite a lot for some people. Understand that BTC cannot really provide anonymity to your funds anyone can trace money in your account just through your addy. split up your holdings.