Original archived Re: You can lose your Bitcoin
Scraped on 26/06/2025, 07:30:12 UTC
Of course you can lose your bitcoin, that is why it is good to use a strong password and be careful of scammers.
Using a strong password does not protect you from this scam, if you give a scammer your seed phrase they'll steal your bitcoins, your password is only for
local security against physical attacks, on your own device.
Backup your wallet regularly
You don have to back up your wallet "regularly", all you basically have to do is make a good back up for your wallet and keep it in at least two places, you can decide to either back it up on paper or on steel.