How to Keep Your Bitcoins Safe? avoiding scam, theft and fraud (2024 Updated)
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Күн бұрынStart trading Bitcoin and cryptocurrency here: bit.ly/37o4biw
There are numerous types of Bitcoin scams out there. Here’s how to avoid them.
If you want a more detailed review about how to identify scams and avoid fraud or theft, keep watching the video. Here’s what I’ll cover:
0:00 Intro
0:47 Is Bitcoin safe?
1:45 The most important Bitcoin safety tip
2:42 Storing large amounts of Bitcoin
2:55 How to avoid losing your Bitcoins
3:56 Why to backup your private key
4:23 How to avoid Bitcoin theft
4:53 Rules for a strong password
6:01 Using 2FA
7:03 Using secure networks
7:55 Using secure sites
8:11 Avoiding Bitcoin scams
10:21 Ponzi schemes
10:55 The Bitcoin Scam Test
11:13 Additional safety tips
12:24 Recap and conclusion
Here’s how to avoid the various types of Bitcoin scams:
- Never expose your private key / seed phrase.
- Use the Bitcoin Scam Test before using any unknown service.
- Make sure you’re not logging into a phishing site.
- Have strong unique passwords to all related accounts.
- Enable 2FA on related accounts.
- Use a VPN or secure network to connect to your Bitcoin accounts.
That’s how to avoid scams in a nutshell.
For the complete text guide + the Bitcoin Scam Test visit:
bit.ly/2ORhccJ
Join our 7-day Bitcoin crash course absolutely free:
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Learn ANYTHING about Bitcoin and cryptocurrencies on our KZfaq channel:
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See anything we haven't covered? Leave us a comment in the comment section below
@99Bitcoins 3 жыл бұрын
CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers. Stay safe 🙏🏻🙏🏻🙏🏻
@Dadusak 3 жыл бұрын
great video
@hello2jello4mellow34 4 жыл бұрын
Thank you for all your generous good advise!
@ronallan8680 6 жыл бұрын
Your videos are Amazing!
@koobzworks 3 жыл бұрын
5:32 that is definitely NOT a strong password lmao
@kamw8860 4 жыл бұрын
Thank you!
@BitcoinBitz 7 жыл бұрын
good points thank you
@rachelabrahams8217 4 жыл бұрын
thank you for the video i havea better understanding of bitcion
@ocgmail42 6 жыл бұрын
Thank you guys so much! Love your site and videos !
@fardikd9465 3 ай бұрын
Thx
@1018Stacey 6 жыл бұрын
Nate, I really enjoy each and every video. I learned a lot of info!
@saraspadeeputchay3848 3 жыл бұрын
What are you learning
@eddieandavis5624 3 жыл бұрын
Sure you did
@alikabeer8976 19 күн бұрын
Thank you
@jamessmithtanakae5070 4 жыл бұрын
Thanks, almost got something valuable
@retreatbookings1636 6 жыл бұрын
Very clear explanation. Definitely among the best I have found as a N00b to crypto!
@sundararajv.sundaram9873 4 жыл бұрын
I Love it a bit coins is a very interesting going to the happy future life don,t miss it
@robertball6301 4 жыл бұрын
I will buy bitcoin after my ledger nano s is delivered. Stay safe and good luck to you sir. :)
@aminugodwin4041 3 жыл бұрын
Appreciate
@bellleanerd425 3 жыл бұрын
Nice, really cool
@hopealex1539 3 жыл бұрын
Bitcoin is the future investment in now will be wisest decision to do especially with the current rate
@jonesisahalex4851 3 жыл бұрын
Am also into bitcoin but am afraid I've lost so much trying to work on my own, seriously I need a nice broker, I'm scared of more losses
@7rathagreat Жыл бұрын
So cooL
@kalarajesh9307 2 жыл бұрын
Hey using vauld app is vulnerable?. Also they give fixed deposit option on our cryptos coins . It mean that coin is in not in my account? Pls reply
@aimanali9265 3 жыл бұрын
Do we use the same methods with XRP coins and other coins? Or is this for bitcoins only?
@AK-nk9ky 4 жыл бұрын
Thanks for your videos. Could not find any link to recommended VPN you mentioned in the video.
@99Bitcoins 4 жыл бұрын
These are the best VPNs we recommend: 99bitcoins.com/best-vpn-services/
@Marc-gm5cm 4 жыл бұрын
so it's preferable to open a BTC wallet instead of a coinbase wallet
@RK-bj8ho 3 жыл бұрын
Is it safe to keep seed phrase on password mangers app
@fatihhendrix7706 2 жыл бұрын
but to keep tether on a cold wallet
@klimpo2846 4 жыл бұрын
it's not a question which I worry about now I just hope btc will be safe itself
@MrIlyaReznikov 3 жыл бұрын
Nate, Thank you for the great videos. I was not clear on your point with six confirmations. Can you please explain this in more detail? Or maybe you already have the video on that? If yes, please send the link here
@Tennouseijin 3 жыл бұрын
In regards to links in e-mails I have better advice. Just don't click 'em. If the e-mail seems to come from a website you know, say, one where you have made an account, then just have that website bookmarked, and use the bookmark. Or type in the website's name in your browser, it'll likely auto-complete the correct address. If the link has some important 'extra stuff' after the website name and the slash, for example the e-mail mentions a unique offer tailored just for you, which the link should lead you to, then just copy that part of the address, and paste it at the end of the website's address you got from your bookmark. This approach is IMHO both more convenient, and safer, than trying to spot 'suspicious typos' in the website's address.
@sonyazepeda1301 3 жыл бұрын
My main concern can i get identity theft... On bit coin
@elakarczewska9042 4 жыл бұрын
Do you recommend installing Brave browser on Mac OS?
@99Bitcoins 4 жыл бұрын
Sure, it should work just fine and you could potentially earn a little coin by enabling ads.
@elakarczewska9042 4 жыл бұрын
@@99Bitcoins Thank you, Nate. :) I've heard about BAT rewards. Sounds fun.... I may download Brave.
@Commando303X 3 жыл бұрын
You've not mentioned paper wallets.
@savannaliwanu2054 2 жыл бұрын
Investing in bitcoin is the best investment anyone can do this, because it has made a lot of people millionaire. I pray that anyone who reads this will be successful in life
@NuNuRokd 4 жыл бұрын
Now if the have the phrase or key, they also need to know what kind of wallet you have? Or what mobile app your using right?
@uniquechannelnames 4 жыл бұрын
No they don't need to know that. They can generate your wallet with that seed phrase
@CG-kf5vh 3 жыл бұрын
Thank you Nate. I recently bought the BC Vault but I’m having second thoughts now. The company that makes it is in Serbia. The software isn’t open source and the vault uses only passwords. Do you know anything about this hard wallet? Thanks
@kunalparmar4081 3 жыл бұрын
Why there is so much fuss on valuation of Bitcoins or any other currencies, isn't currency meant for value exchange?
@drakesanders5271 2 жыл бұрын
Use password generator
@Angie-zv9xj 3 жыл бұрын
What if you have already been scammed. Is there no way at all to get the money back?
@sutharigangannauma2426 4 жыл бұрын
Can you give me a good company adress sir.because I am m new
@rikschoonbeek 7 жыл бұрын
Nice work! I'm curious about your current view on HitBTC. Can you update the review on your website?
@janeoliver2718 7 жыл бұрын
I have a single question,say that I buy a random coin how do I store it on a paper wallet?,I do not care about digital etc just paper, Paper wallet! let's say I have 1 bitcoin and I want to buy 10 random coins for example, how do I get that 10 coins and put it on a paper wallet as a paper wallet in which I have a bitcoin I want to buy some coins and I want to put them on a paper wallet. PS: I use google translate.
@mehons4783 4 жыл бұрын
Use a paper wallet random key generater, it can be found by googleing crypto paper wallet generater.
@sovashadow 3 жыл бұрын
imagine being updated for a year that hasn't happened yet... lol
@mimicity4536 4 жыл бұрын
Is blockchain a 3rd party wallet
@99Bitcoins 4 жыл бұрын
Yes, blockchain.com operates a web wallet. What this means is, a wallet you open with them is contained within their website, meaning the site controls your private keys. This is risky, as it gives the site operators or anyone who hacks it control over your coins. For this reason, it's usually recommended that you only store coins within a personal wallet under your full control. A hardware wallet is best for this purpose, as it protects against the most common online / malware forms of attack.
@haroldgaleano6728 3 жыл бұрын
the scammers also contact you after your coins were stolen (under a different company) and claim that they can recover it for an upfront fee....
@cherdariasimmons22 3 жыл бұрын
Smfh
@mehons4783 4 жыл бұрын
If you don't have money for a hardware wallet, You can keep your bitcoins on a paper wallet!
@UtsukShah9 2 жыл бұрын
Comment section praising whatever coin is literally the most ironical thing I've ever seen for such a video
@fredlandry9330 3 жыл бұрын
i got scammed 15 times before landing on this video thanks
@saraspadeeputchay3848 3 жыл бұрын
How do you got scam
@kimjw001 3 жыл бұрын
FEB 2021: 7500 BTC = USD 280,000,000
@Ken.- 3 жыл бұрын
An 8 character password could be cracked in a few days.
@amtjewells8432 4 жыл бұрын
What is a demo account? Somebody is asking me to sign up for a demo account to begin that when I have funds I will start the real trading.What are the loopholes about this type of trade?
@Ken.- 3 жыл бұрын
Demonstration means not real.
@billbobby2646 3 жыл бұрын
A thumb drive with a fingerprint / voice print / iris scanner. If you believe you can conceive. A trillion-dollar idea.
@whatshot8613 3 жыл бұрын
hello nice video i wish i saw this video before i lost $321 even i did 2FA even,and never share private key,all stolen without any confirmation on my phone after that i lose trust on blockchain
@iwantosingwell 5 жыл бұрын
very informative. thank you. Is there any updating on this topic on your videos or is it still enough to know what this video contains.
@Fredrickarm 3 жыл бұрын
And every time you make a transaction with bitcoin you pay a miners fee. I don't think I'm cool with that
@robertball6301 4 жыл бұрын
I was skeptical when I first learn about bitcoin, and I watch and listen carefully these few years. I hear you, "Don't invest more than you can afford to lose." :)
@eddieandavis5624 3 жыл бұрын
Yes that is the best advice ever
@williamscharles7983 3 жыл бұрын
OMG I CAN’T THANK YOU LESS MISTCYBER, YØU DID IT
@NuNuRokd 4 жыл бұрын
I didn't watch the video yet so this might get answered..... Mobile wallets make me very nervous. Can I just buy say $500 in bitcoins and just print it out on a piece of paper and put it in a safe. And if the price of Bitcoin skyrockets to $100,000 I can re insert it into a digital wallet?
@andysamburg164 4 жыл бұрын
You can insert you bit coin in your wallet or now a days u know crypto is on its high bruh and its also safe you have to try Walahala wallet walahala.com it has privacy or phrasing option also and they have also their android application or they also provide demo account walahala.com/downloadDemoWallet
@MightyCole1 2 ай бұрын
Dude that british guy who losrt 7500 bitcoins just lost around $500 million (currently)
@tbd62 3 жыл бұрын
I don’t understand.. first you say that bitcoin transactions are irreversible but than you also say to wait 6 confirmations to be sure that the transaction is irreversible, like wtf? Can someone explain.
@AlexRavar 2 жыл бұрын
Yea....I'm with you on this one. If it's irreversible, why should I wait for 6 confirmations to "ensure" that it's irreversible?
@tinabrain4646 3 жыл бұрын
Omg. I'm so so glad I watched this. I am bombarded with these mails. And I don't even know how they have my address in the first place. And I been wanting to reply. because I want to invest. But not knowing who to trust. Thank you so much . I'll keep watching
@ochogwulydia8458 3 жыл бұрын
I was confused and not knowledgeable about this until mistcyber was recommended to me and I wasn’t disappointed I got the service I requested for
@fredflintstone4087 2 жыл бұрын
How could a person invest in a crypto IRA that does not allow you to hold your private key in your own cold wallet? This breaches the number 1 rule for big money and I would assume that big money is the key to investing in a crypto IRA. Could you please, please make a vid on this or direct me to one that covers how to safely do this. I already know of one crypto IRA that allowed their client’s funds to be stolen and hold their private key could have limited their loss.
@JJ-zt1dg 3 жыл бұрын
Bitcoin been stolen and bank account been stolen, are totally different issues. They are not same. You can retreat your bank money with law, but Bitcoin once you lost it will be final. No way to PROVE you own it. I like the concept but It can't let me sleep well.
@snxpe 2 жыл бұрын
7500 bitcoins are now worth $315M 😂😂
@timothygreg9897 3 жыл бұрын
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
@prosperemmanuel4197 3 жыл бұрын
People are scared of investing because of the high rate of scam in the business
@ochogwulydia8458 3 жыл бұрын
I was confused and not knowledgeable about this until mistcyber was recommended to me and I wasn’t disappointed I got the service I requested for
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