Post
Topic
Board Beginners & Help
Re: How do you securely manage and store your Bitcoin wallets?
by
Baofeng
on 12/11/2023, 23:15:18 UTC
As a newbie to the crypto space I will like to ask this,
"How do you securely manage and store your Bitcoin wallets?"

I know threads on this have been created during past times and there were mainly about not sharing your private keys and seed phrase to strangers. I was wondering if there are more tips on how to secure one's wallet since Bitcoin transactions are irreversible.

For my fellow newbies, this is the link to the post that talked about how how to avoid scammers.
https://bitcointalk.org/index.php?topic=5473830.msg63146976#msg63146976

Of course the number rule is that you don't share your mnemonic phrase and private key to anyone. Second, buy a hardware wallet to store your bitcoins. And as far as your mnemonic phrase, write it down, make a back-up but don't used your email to store it or cloud or anything that is connected to the internet. Even if it is password protected, hackers are very smart and you just don't know how easy for them to break that password.

And if you wanted to go beyond, you can create an offline wallet: https://electrum.readthedocs.io/en/latest/coldstorage.html. Or you can read this guide: [Guide] Secure air-gapped crypto wallet storage method