Post
Topic
Board Bitcoin Discussion
Re: MY NEW WALLET SEED: How can I use this to backup my Bitcoins ????
by
mk4
on 08/01/2020, 06:01:54 UTC
You got to treat those 12 words like they are the keys to life itself, nobody should
know them.
Can a BitCoin expert please confirm this:

This is for Online exchanges ONLY  Huh   I assume nothing can ever hack my bitcoins I have on a USB drive not connected to any network Huh

Aight I'm just going to answer this assuming you're really serious, even though o_e_l_e_o has said that you're pretty much a known troll.

Exchanges, at least the centralized ones, aren't going to give you 12 word seeds. Mostly only non-custodial[1] wallets do.

Also, your bitcoin being "unhackable" even if it's only on a USB drive completely depends on how you set it up in the first place. You might have done the backup on a malware/virus-infected computer, and your seed might have been exposed.


[1] https://cryptosec.info/cryptocurrency-wallets/#noncustodial