20 Dec You are the biggest threat to the security of your Bitcoin. Your first priority is addressing the weakest link in the chain, yourself.
With the recent ATH we’ve been seeing a lot of posts about security and operations of everything from RH to PayPal to exchanges, hot wallets, and cold storage.
The bottom line is that you have to educate yourself about Bitcoin before you start throwing money at it.
First you need to understand under what conditions you actually own it, versus simply being exposed to it. Then, you need to understand how Bitcoin works. I see posts all the time that demonstrate fundamental misunderstandings of simple things, like it’s existence being ONLY on the blockchain
Then, you need to understand the difference between custodial wallets and non-custodial wallets.
And for the love of all that’s holy, if you decide to own/use a non-custodial wallet, you need to understand how to operate it and store your seed phrase safely.
99% of the risk of losing your BTC, or other debacles, can be mitigated by educating yourself adequately.
Read the sidebar. Go to r/BitcoinBeginners. Ask questions. Don’t let yourself be the reason you have a problem.