How NOT to lose bitcoins

in #bitcoin8 years ago

Bitcoin (in fact every crypto currency) is easy to lose - either directly via theft or indirectly by losing your password. Here are some common mistakes for new bitcoin users and how to prevent losing bitcoin.

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@boxmining many of my friends lose their Bitcoin by losing their key..so many Btc just lost like that. Thanks for the video bro..very helpful

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Sorry again and thank you

I think the biggest cause of lost bitcoins would be keeping your Bitcoins/Altcoins on an exchange. An offline wallet is always best!

Exchanges can go down, keeping an offline wallet ensures you can backup your private keys and your Bitcoins.

Here's a link to some resources for offline wallets for those interested:
https://en.bitcoin.it/wiki/How_to_set_up_a_secure_offline_savings_wallet

You defiantly need to be educated in BTC if you are new to the game! I have not had any problems in my year I been researching but I well of early could of!