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Nickel Bitcoiner
Nickel Bitcoiner
Posts: 25
Joined: Tue Aug 21, 2018 12:32 pm

How to stay safe from bitcoin theives

Sat Aug 25, 2018 6:28 pm

Bitcoin is now a growing trend which causes theives to rob millonaires who hold a high valued bitcoin not only online, but also in person. There are cases that theives robbed the house of a bitcoin holder and beat him after. So I read this ways to keep your bitcoin safe and I want to share it to the users.

One is to create a multisignature wallet. It requires a several private keys to authorize bitcoin tansaction. You can choose how many devices or people you want to share the wallet with. It also addresses the structure which lets you splits those private keys across multiple devices or among multiple people.

Second most common way to keep your bitcoin safe is not to be boastful. Don't share on social media that you're holding a bitcoin or how many money you owned. It will keep you an easy target to theives.

So these are the ways that i've read. Feel free to add.

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