Quote from: Chiomaobi on June 12, 2024, 02:28:04 PM

Quote from: Charles-Tim on June 12, 2024, 02:14:51 PM

Quote from: Chiomaobi on June 12, 2024, 02:05:57 PM

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. Trustwallet is close source. If the public do not know the code, no one can verify if such wallet has backdoor or vulnerable like spyware. That aside, Trustwallet is one of the worst bitcoin wallet even if it is good as an altcoins wallet in term of convenience.

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 or Unstoppable wallet.

I heard about Electrum but I'm using trust wallet I was thinking is the best since I have nothing to fear when it comes to misplacing my phrase since they had an option to back it up with my Google account so is save there and since I started accumulating my Bitcoin it has not given me any problem.
It was recommended to me by my mentor well I will check out Electrum and see things for myself.
Thank you.

TrustWallet is never the best wallet to use for holding bitcoin because it is a custodial wallet, which doesn't give you 100 percent access to your bitcoin. The Electrum wallet is one of the best wallets to use for holding bitcoin because it gives you total control of your bitcoin, and nobody will have access to it unless you keep your private key open for another person to see it. I think you need to change your mentor before he leads you to lose your bitcoin one day. Also, try to do your research to find out something by yourself so that you will not rely on your mentor for everything. I want you to know that backing up your seed phrase in your Google account is like someone who keeps his bitcoin on a centralized exchange because he or she can lose it at any time. If someone has access to your Google account, that person will access your wallet because he will have access to your seed phrase. You can back up your wallet seed phrase or private key by writing it down on paper, and you should keep it in different locations only known to you so that someone else will not have access to it.