Words to the wise and the newcomers.
I've been in Bitcoin since 2014 and I have learned enough to maybe be of help. We always hear the now old adage, "not your keys not your coins." That's sadly accurate as a vast majority of exchanges are scary to trust. So if you have a considerable amount of Bitcoin, and sometimes get a bit anxious about losing it in bout of stupidity or bad luck, then you are like me. Here is what I did to stop losing sleep over mucho dinero disappearing.
- Get a hardware wallet. I like Trezor the best. I have had a Keepkey and a Ledger Nano as well. But this is a matter of personal taste in terms of interface preferences.
- Write down your keys (obviously), and put them somewhere safe and sneaky. Also memorize them if you are so inclined.
- If you have a fireproof safe, cool. If not, get a small one that can handle at least an hour of blazing fire action.
- Get a fire proof bag/pouch, put a copy of your keys in there and put said bag in the safe.
- The get something like Cobo Tablet - Indestructible Steel Bitcoin Crypto Cold Storage Seed Backup ... and put that in the bag as well just in case a possible fire chars your little piece of paper.
- Get a few little usb drives, password encrypt a text file of your keys on to each with a password you will not forget. Make it something simple or common to you as these drives will be hidden where no one will ever find them ... except you if there is a worst case scenario.
- Hide these away from your home. Maybe at grandmas house inside the grandfather clock. You know what i'm talking about. And hide one in your car.
Now there is no reason to worry. And yes, it sounds paranoid and takes a little bit of effort; but it's way better than losing 100's of thousands or millions of dollars. And you will fall asleep much faster as you watch the BTC ticker.
Hodl and stack on, brothers and sisters.
-fist-
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from Bitcoin - The Currency of the Internet https://ift.tt/2U9rANG
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