This is because your hardware wallet keeps your private keys safe offline from online risk and threats like hackers, but Trust wallet is more secured mobile crypto wallet .
It is still necessary to follow the wallet security to ensure proper fund security, therefore you have to write down your recovery phrase and attach your passcode to your wallet .

Trust wallet is the best alternative because it gives comprehensive support for different Blockchain and crypto asset .
 
The reason why hardware wallet is better than i mobile phone is that phones will often be stolen, hacked it can be in possession of anyone at any time.
An offline Trezor or Ledger cannot be hacked,it can only be stolen physically .

Offline wallets that is stored in a safe can't be accessed via the internet or WiFi, and that is the only way to hack mobile wallets.

The only fool-proof way of storing password keys is in the brain, which can only be hacked through drugs and hypnosis.
 Memory is capable of making mistakes . Time, sickness, ageing,trauma and disease can erase even the best kept memories.

   Creating and maintaining many cryptocurrency is a good way to keep your asset safe, splitting your assets into multiple hardware wallet keeping one in a cold device completely is having an extra layer of security, which is you don't sign approval with any of the whole device . Having multiple crypto wallet prevents you from losing all your funds to attackers ,and in other for you to have a crypto tracker portfolio, you have to trade three different cryptocurrencies .

In other for you to take proper care of your wallets you need to hold most assets in self-custody wallet because Self-custody is extremely important keeping control over your crypto asset .

Use different crypto wallet for different purpose .
Creating many wallet addresses connected to the same seed phrase and private key is like having multiple bank accounts with same like login details which  is not good, especially regarding the ability to become stronger against hackers and implementing access controls.

For example when you divide the company's assets into multiple crypto wallets with different seed phrases is advisable. Putting all together in a wallet can make seeing your company's crypto finances difficult, Instead, consider maintaining at least three crypto wallets,one for receiving payments, another for paying expenses, and a third wallet that acts like a savings account.
Using a different account helps you track your crypto finance ,also helps to implement proper financial control and having a clearer way of managing your crypto wallet,also securely managing your wallets' seed phrase .

  The only way is to use Cloud backup in other to completely avoid data loss during any disaster .

Cloud backup storage is an online backup that is used  for storing of data base in case of any environmental disaster.
Cloud backup also has its own risk  but trusting it means proper enycption of the seed phrase before storing puts it at a lower risk because it's always targeted .

It is important that any computer  system that you use to view your seed phrase should be free from malware .
 Cloud storage is without trouble strong and healthy it has risks largely due to its quality and by how much potential access could happen in a way that is not planed or showing a desire to cause harm be granted to data stored there.

There is a potentially very great in number to place in a particular position so that they are in order of options and tools available to perform encryption.

Password managers can be producing a result that is wanted and without trouble for some secrets, but their operation must also be well-known in order to give the safety that they are needed to provide.





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How to use Cloud storage to back up your Seed Phrase.

Read this article if you want to better understand the strengths and potential pitfalls in storing your seed phrase in the Cloud.

Vault12 Crypto Security

January 18 2024


One of the many ways that you could choose to back up your crytocurrency seed phrase would be to back it up to the Cloud. Although Cloud storage is not risk-free, proper encryption of your seed phrase before storing it there lowers the risk and makes it an option that you might consider.

TL;DR (concentrated takeaways)

If you rely on Cloud storage for backing up your seed phrase, you must encrypt it first - else it is extremely poorly protected. Cloud storage is a target!

It is critical that any computer that you use for encryption, or for viewing your seed phrase, be free from malware.

Although Cloud storage is convenient and robust, it has risks largely due to its complexity and by how much potential access could accidentally or maliciously be granted to data stored there.

There is a potentially overwhelming array of options and tools available to perform encryption.

Password managers can be effective and convenient for some secrets, but their operation must also be well-understood in order to provide the safety that they are meant to provide.

For anything that you encrypt, you must keep and store a backup of the decryption key (too)!

On the surface, the peace of mind given by Cloud providers gives by taking responsibility of long-term digital file storage looks like making the Cloud the perfect place to store your seed phrase. However, news reports cover with alarming frequency tales about information being stolen from various Cloud storage repositories, whether due to inappropriate permission configuration, software vulnerabilities, or even insider theft by employees with authorized access to computer systems, networks, or recycled hardware.
Cloud security can be excellent, but it is not perfect - especially the parts that rely on human diligence. This is why it is necessary for your sensitive information to be stored in the Cloud and be encrypted before being placed there, If someone were to gain unauthorized access to your Cloud files, but those files were strongly encrypted, he would not be able to read the contents.
Cloud storage is great but has risks, but encryption offers some protection.

Advantages of Cloud backup of your seed phrase

.Convenience.
.Reduces risk of physical loss or media failure.
.Reduced risk from natural disasters
.Good security controls when carefully applied.

 

   Wealth creation in Bitcoin is very technical,any slightest mistake everything, that is your wealth will be gone ,and so there are other necessary measures to take to secure and create your crypto wealth .

* Long-term investment-; Engaging yourself in a long-term investment is very ideal,by  buying little by little and accumulating it for about 5 years -10 years using a DCA strategy method as a long term plan that will not affect your monthly expenses when pulled out using this method has the ability of capitalizing on future growth..

* Short-term -; This has to do with Day trading by buying and selling  cryptocurrencies within the same day to make profit .
* Buying low and Sell high, and apply common sense.
* Arbitrage.
* Use safe storage , research and stick to the fundamentals.
* Stick to the major currencies

Bitcoin create wealth for people because of its value since it is able to be exchanged and used in replacement of Fiat currency .
 

   Don't mind our government since they have decided to kick youths out of power and turned the system to government to the government of the OLD, where they have refuse the youths to handle their future that is with them now, when we were much younger, they said we are the leaders of tomorrow,but here we are not they have refuse to leave our tomorrow for us ,they kick us away and threw us away like a piece of rubbish, don't even want us to come close to they ,this is what our parents has done to use ,but The God of the Youth and of the 11th hour surprised them ,he answered our prayers and made a way for us by bringing Bitcoin to our rescue. May God name be praised forever. Man propose but God dispose.

Bitcoin has been a source of income and help as means of livelihood for Nigerian youths, Bitcoin digital currency has created a great impact in the universe mainly among the youth because of its mode of operation has given users strong trust and confidence in investing in cryptocurrency (Bitcoin) ,it's decentralized operations,value, volatility e.t.c make it unique and unbeatable by any other cryptocurrency.

   Online poker is the edge of causing a great change,driven by the process of Blockchain technology and cryptocurrency ,this changes is ready to reshape the way players  come about transactions, in order to ensure fairness and feel the game.

Online poker is profitable when you win often but has become difficult and challenging with rakeback programs losing value. The capability for getting your income from poker as a digital movement from one place to another is huge, a good run ends you with a lot of money for your monthly expenses .

Playing poker and winning can be a full-time great means of livelihood ,and as a full-time poker you can come with your own set of challenges.

   Telegram group of investments that promise 10 times of interest are not true but scams.
Telegram is not a safe platform for keeping Bitcoin ,if your Bitcoin is being stored on telegram wallet it is risky because it can be stolen and hacked easily by hackers since telegram is being used for illegal activities which also include drug trafficking and money laundering .

Telegram draws unwanted attention from scammers since they always want to take advantage of members , scammers poses a very big problem in the crypto community   these days, in other for you to avoid them, you need to avoid unknown files and links whenever you get them and don't click on them without carefully checking on them ,also check wallet address before sending .

A fake telegram apps can easily recognize Blockchain address from mere chats and then replace the users address with that of the scammers.

Steelwallet are not affected by X-ray machines in the airport ,it is an electronic device , it's like
a small PC,  the security personnel can not start dismantling your PC or laptop during inspection which is not done or normal.

Steelwallet is more of a backup tool offline , which is used to store your recovery words, steelwallet preserve your seed from fire,water, electric shock e.t.c. Aside from the steelwallet you have to get another means of backup for your seed

 

   Gambling has to do with risking the loss of something on a thing that might happen the valuable or money one can lose or gain in a bet having an unknown certainty and way of becoming really showing dislike.

Gambling is risky and it brings about more downside instead of benefits when reached as a way of getting money . Some person's can be having short time success ,one being not able to know the way of gambling shows that trusting on it as a regular source is not wise.

Casino games are formed to give the house a built-in-edge, to cause the chances and sizes of becoming real large amount of money given out, each game you play has a statical possibility .

The study of the mind about gambling is that People tend to lose money during gambling because we play against the odds and the house always have an edge , which means that with time we tend to lose more than win, which we don't really accept this truth.

   
1.Barry Silbert is the founder of Digital Currency Group, which invests in popular cryptocurrency and blockchain companies.
Digital Currency Group has invested in 218 blockchain- and cryptocurrency-related companies.Other portfolio companies include Genesis, a liquidity provider—an entity that funds a pool with cryptocurrency—for cryptocurrency buyers and sellers in the over-the-counter market. Digital Currency Group also invests in Grayscale Investments, which manages the Bitcoin Trust (GBTC), an investment vehicle that holds $15.6 billion in bitcoin as of Feb.19, 2023, which gives investors exposure to its price movements without requiring them to hold any directly.
2. Michael Saylor is the CEO of MicroStrategy, which is investing heavily in Bitcoin.
The co-founder and CEO of business intelligence firm MicroStrategy, Michael Saylor, believes that cryptocurrency is the next biggest investment. MicroStrategy increased its bitcoin holdings in 2022 by purchasing 8,813 bitcoins at an average price of $32,670. The company holds a total of 132,500 bitcoins as of Feb. 19, 2023.


3.Cameron and Tyler Winklevoss are believed to be the first Bitcoin billionaires, reportedly holding about 70,000 coins.
Cameron and Tyler Winklevoss are investors in several cryptocurrencies and blockchain-related businesses, most notably the privately-owned Gemini exchange. They are believed to be the first to reach billionaire status by investing in Bitcoin, reportedly holding about 70,000 coins, according to Forbes.4

The Winklevoss twins launched the Gemini exchange in 2015.7 The company allows investors to buy, sell, and store their digital assets. Gemini launched bitcoin futures on the CBOE Options Exchange (CBOE) in December 2017.8



4.Elon Musk's company Tesla purchased $1.5 billion in Bitcoin in 2021 but is down to $191 million as of its 2022 annual filings.Elon Musk is the CEO and co-founder of Tesla (and other companies). Tesla engineers and builds electric vehicles and clean energy products. As an innovative company standing at the forefront of technology, it should be expected that it would own cryptocurrency—Tesla purchased $1.5 billion worth of bitcoin in 2021 to begin accepting it as a form of payment.9 As of its 2022 annual report, the company has converted 75% of its digital assets, reducing its holdings to $191 million.
5. Michael Novogratz founded Galaxy Digital Holdings, a broker-dealer and cryptocurrency and digital asset management firm.

Galaxy Digital focuses on digital assets; in the third quarter of 2021, it purchased $62 million worth of non-fungible token (NFT) related companies.10 NFTs are digital assets that use blockchain technology for security and ownership identification. They became popular in 2021 after digital art secured by NFT technology began selling for millions of dollars.

Galaxy reported about $2 billion in assets under management in its third-quarter 2022 results, with $875 million of those assets used in its fund products.

Source:https://www.investopedia.com/articles/people/091516/top-5-investors-investing-bitcoin.asp

   Crypto Bitcoin is the toughest asset one can get in this century Bitcoin continue to be as a superior investment over real estate due to its unmatched liquidity that's completely liquid accessibility , transparency ,when you buy Bitcoin,it has a low maintenance, high potential reward , volatile , Bitcoin is both asset and currency , limited supply/inflation hedge , completely portable , Bitcoin is increasingly seen as future money being the forerunner in the space.

Real estate investment need a good capital upfront  and can be less liquid than Bitcoin , making it a long-term commitment , high risk maintenance , it's tried and true means of building , stable and tangible .

   Investing in tokens are good investment for someone that wants to have a long term investment .
Tokens used to provide a users to use a platform or reward users for their been part in the platform.

Exchange tokens give encouragment for users to use the exchange, and they are also used to reward users for their loyalty. They are often used to fund development and marketing efforts, as well as to provide liquidity to the exchange. The performance of these tokens nevertheless have significant impact on the success of the exchange and how investors perceive the exchange. As such, exchanges operators will monitor the performance of their tokens and take steps to ensure that they remain attractive to users.

There is nothing such as “a good investment”
As long as investment is concerned , all investments either by buying Gold , Investing in Buildings, company, big jets etc.. all come with a particular level of risk(losing some or all your capital) , in fact all investments in its nature is risky , Your concerned shouldn't be whether its good or not but rather the level of risk .

You can start testing the depth of the water by putting in one leg(investing small capital which you are willing to lose ) and see how far it goes.

   Our government is making good money from flood because foreign countries keep sending relief materials to us both in kind and cash including materials of any kind you can think of including food stuffs, yet the government will not release it ,the keep hording it for politics. Majority of things being sent as relief materials are not given to the victim, instead they take them to their various home ,the most painful aspect is that the onces that are not taken homes or shared are kept in some of the politicians warehouse that will eventually go bad . What a country,and the victims were looking for food to eat, they even have to chase them from the camps and shut them down before time leaving the victims homeless.

      Technology has become very important in our daily lives,the power of technology is not to be under estimated for it has changed a lot of lives and the world at large.


   Technology has created employment to the unemployed by the help of using their phone online to get a job , and connect job seekers and employers through SMS notification towards any available job, which they inturn send their experience and skill.

   Technology has become a digital tool in solving our daily problems and productivity issues efficiently and be more adaptive to learning and changing the society in general.

   Technology bings about increase in networking , bringing skills to youths skills can be learned from wherever you are through online learning, education has become easy , new age carrier social network can be used to get job through extensive virtual grapevine.

   Technology create a wise new joyful world for youths and young people where they can be masters of their own future wherever and whenever they want.

   Personal safety is a notion that we need to have in other to be peaceful with ourself and a very small comfort ,it is important to be safety conscious when you take some precautionary measures in order to minimize risk to yourself and discourage people within you to commit crimes ,reduce danger, accidents and all form of injury, because personal safety is centered upon the importance of practicing situational awareness,  it is also important because it protect you from harm and ensuring your well-being wherever you find yourself .

   Too much alcohol nor only dey affect men e also dey affect women too,e go make dem no fit conceive to born another Pikin, breast cancer , unintended pregnancy and STI,e also dey spoil the intestines wey go make hard for the body to digest food and collect some important nutrients,e also dey affect the brain even kill person sef.

    Me sef ,e dey sweet my belle me say the plan wey our leaders get for we youths no come to past ,since dem no want us to survive for the country,all aspect for youths to survive dem block am ,but God pass dem na him make e open our eyes put for Bitcoin,upon that dem still try their best to stop am but God pass dem and no gree for them to succeed, na him make dem say God no go fit fail you but man can fail .THANKS BE TO GOD.

   Stablecoins are cryptocurrencies whose market value is tied up to another currency or to external references. They are more useful  than being more volatile cryptocurrencies as means of exchange . Stablecoins are fasten to the U.S currency that is dollar also to a commodity like gold.

   Stablecoins try to get price stability by maintaining to keep for later use asset as collateral or through algorithmic formulas which are suppose to control supply.

   It aims at providing and offering a choice to high volatility of most popular cryptocurrencies including Bitcoin.

   Like other traditional banks ATMs ,the same is also applicable to Bitcoin, charges are been attached to every usage.

   Bitcoin ATMs fees are being charge when you use it to buy or sell Bitcoin that is the total value of transactions made which can be at the range of 10% to 23% and the fees can vary because of different geopolitical location and it also has to do with the particular Bitcoin ATM provider you are making transactions from .

      The digital scarcity of Bitcoin makes it worthy and always praised and because it is digital ,it is not influenced or affected to physical wear and tear.

   As we all know Bitcoin is young and not tested and shown to be good as an investment , but speculators in cryptocurrency are using it as store of value also as a limit against correction and recessions.


   Gold is scarce too,but it's total supply can change value frequently because of mining activities and it's very durable which does not gradually destroy or get weakened or degrade over time. For long, Gold has been an asset that keeps value over a long period of time and used as limit against market downturns .

   The reason why Bitcoin is better than gold is because of its operation on decentralized network, which makes sure that no single entity can control or manipulate the currency , which gives it an edge over gold and free from government and centralized authorities.