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#msg63146976Next time, if you want to make more contributions, you can just go through this board and
wallet software board, a compilation of threads that help newbies on how to safely secure their wallet against scammers, the thread you just share is a minor one compare to the rest where important tips have been discussed.
Don't save your bitcoin on centralized exchanges, online platforms, cloud storage, and anywhere you don't have the private keys or the seed phrase. The reason for this is that, if you don't have your private keys or seed phrase, then you don't own the bitcoin, the custodial platforms can decide to prank you for maintenance and then they run away from that spot, many cases have been discussed.
If you must save your wallet on any place, it should be a hardware wallet. With such simple device, your bitcoin is not connected to the internet, you can have a seed phrase during set up which serve as the main access to your bitcoin and make sure that the seed phrase is properly kept in a safe location inscribe in any metallic plate that can serve as fire resistant. It's as simple as that.