Post
Topic
Board Bitcoin Discussion
Re: How is the safest of the 'safest ways' to store Bitcoin?
by
Henrobakkara
on 28/01/2022, 08:39:43 UTC
greetings to all, when I read an online news I was surprised by this news

Quote
Caucasians rob Italian citizens of money and Bitcoin in Bali with a total value of IDR 5.8 M.
 
Then, one of the perpetrators took the victim's six cellphones and another cellphone containing the victim's bitcoin account by asking the victim for a password.

"And if they are not notified, then the perpetrator will kill the victim's wife by sticking a knife to the victim's wife's neck. And then the victim will tell the cellphone password," he said.(english translation )
https://www.cnnindonesia.com/nasional/20211228141520-12-739596/bule-rampok-uang-dan-bitcoin-wn-italia-di-bali-senilai-total-rp58-m

the digital era requires us to save our money on smartphones, now more and more people are traveling with cellphones that contain digital money or even the bitcoins they buy. is there a safe way for us to stay safe from robbers when we have bitcoin assets on our smartphone, thank you
There are a couple of things we can do and I am guessing this attack might be informed as in, someone knows the victims had Bitcoin that is worth something because I don't think it was random hence the need to keep quiet about your cryptocurrency HODLing in the first place.
Another thing is that you can have a separate smartphone you don't take around for your crypto transactions if you are going to install all the wallets and apps in there and most especially if you have such amount of Bitcoin is to store on a Hardware wallet. Though it is almost impossible if such attacks happen for you not to give out the info cos of the safety of your loved ones.