Post
Topic
Board Announcements (Altcoins)
Re: BitBay |Decentralized Marketplace|Smart Contracts|IoT Tech|Markets Open
by
rocoro
on 06/12/2014, 13:59:39 UTC
So i've created the 2 private keys and loaded all my coins into my wallet.

Being a noob to crypto and internet security in general, what steps should I take to make sure I never ever lose those coins now?

Should I encrypt something or backup something? I really have no clue!

Thanks!


There's two ways to lose your coins:

- Theft by someone else
- Clumsiness by yourself  

I believe the second one is a much more common culprit than the first one. You first need to protect yourself against your own foolishness. Had-drives go corrupt and USB drives get lost very easily.

Forgot #3...

Buying shitcoins,  giving away your btc.