Post
Topic
Board Nigeria (Naija)
Re: Consider all this before starting your Bitcoin journey.
by
Charles-Tim
on 12/06/2024, 14:14:51 UTC
5. Secure your Bitcoin.

Make sure say you protect your Bitcoin very well, [color]you need to use wallet way you know say they very good like trust wallet, Binance[/colour=red] e.t.c and make sure say you keep your password only to yourself.

Binance is a custodial exchange. Not you key not your coin. Trust wallet is close source. If the public do not know the code, no one can verify if such wallet has backdoor or vulnerable like spyware.

Cold wallets are the safest wallets. Example are Electrum on an airgapped device, airgapped hardware wallets et cetera. For small amount, use can use online wallet like Electrum, Sparrow or Bluewallet.