Post
Topic
Board Nigeria (Naija)
Merits 3 from 2 users
Re: Useful information for Nigerian newbies
by
Cryptoprincess101
on 31/01/2025, 21:21:36 UTC
⭐ Merited by CryptopreneurBrainboss (2) ,Igebotz (1)
What happens if you don't stake your Bitcoin address on the Bitcointalk forum, especially if your account is compromised or hacked?
Is it a gone, gone situation?

Staking your bitcoin address in the forum is just like a kind of evidence or proofs that will help in your account recovery should it get hacked, or you lost access to your account. It will help to authenticate that you are the rightful owner of the account if it gets compromised in the future and just as Charle-Tim said, if you are staking your bitcoin address that means you will need to protect the security access to that wallet address such as the seed phrases and the private keys because that is what you will need to access that particular wallet address in the future if your account get hacked.