Post
Topic
Board Bitcoin Discussion
Re: The Harsh Truth: Losing Your Keys Means Losing It All Are You Ready?
by
jackpotmaster
on 24/07/2025, 15:31:47 UTC
It thus requires discipline.

Been wise is you considering the optimal way of keeping your Bitcoin safe, since the journey you are about to begin will take years, it's wise to go the best possible way and that to me is buying a hardware wallet.

Many won't accept this because they want the cheapest way possible which is considered free, but free crypto wallets are software based and mostly not always secured like hardware wallet even when they are non custodial.
People need to be careful, knowledgeable and disciplined in practice.

Hardware wallets are good wallets but there are open source and close source and the advice is always towards open-source hardware wallets.
People need to choose good hardware wallets, purchase it a right way, and use it a right way. In addition, using it a right way includes making a wallet backup properly.

[LIST] Open Source Hardware Wallets
[GUIDE] How to buy a Hardware Wallet the right way.
How to back up a seed phrase?

The best way to secure it is in a physical way and preferably in different places at ones - on metal plates or something that wouldn't be destroyed by time, fire, and so on, imo..
Yes that is right but it does not apply to most people. Most people don't even have fire detectors or insurance on their house or apartment. Why do they need this kind of protection for the small amount of wealth that they have in Bitcoin when they don't even protect their other belongings first? The level of security and backups that you should have depends entirely on the quantity that you own, but if you want to be overprotective you must look at your other life aspects first.