Post
Topic
Board Bitcoin Discussion
Re: UK government friezes £6million of crypto in the last 6 months.
by
Doan9269
on 31/03/2025, 16:20:07 UTC
https://www.youtube.com/watch?v=Df0_Q_CV4GM

The UK government is continuing its crack down on crypto. One guy had an account with £1.5 million in it frozen. I believe it was in a Coinbase wallet. Obviously this is going to increase during the next 12 months, and it emphasises the fact that you should keep your crypto in a secure wallet, and where you are the only person that knows the private key and the seed.

For those that are yet to be informed, here's another opportunity for them to learn and be aware of the kind of wallet that they could use for their safety and have with them the full control over their wallet, a centralized exchange should be the worst and least means of storage we should use, i have a few suggestions on bitcoin wallets we can go for, which are non custodial wallets for our safety while exchange should only be taken for trading and exchange of currencies and not for their storage.

bitcoincore
https://bitcoin.org/en/bitcoin-core/

Creating Electrum Cold Storage
Creating a cold storage wallet

Hardware wallets
https://en.bitcoin.it/wiki/Hardware_wallet

    Open Source Hardware Wallets
https://bitcointalk.org/index.php?topic=5288971.0