Recently moved to BTC from PayPal.

05-12-2018, 12:48 PM

Bassdrop Wrote: Awesome!

These tips are all focused on the second part (not losing it):

• Don't give out your private key
  
• Don't lose your private key
  
• Triple-check addresses before sending any money, and use copy&paste or QR codes wherever possible rather than typing it out (doublecheck the currency too, as there's lots of similarly named coins and some share wallet address formats)
  
• Don't delete old wallets/addresses you're not using anymore in case someone you gave the address to a while back sends money unexpectedly
  
• Enable 2-factor authentication on any exchanges/etc. you use
  
• Keep any bitcoin you're not planning on using imminently in a paper wallet (don't keep it stored on exchanges as they're targets for hackers.. MtGox & Coincheck both had ~$500mil stolen)
  
• Generate your paper wallet address using a computer that isn't hooked up to the internet.. keep wallet backups in a safety deposit box or something
  
• Don't fall for any of the scams.. there's an absolute shitload of Ponzi schemes, etc. which claim to give you a large return in a short amount of time.. they're essentially all scams.
  

I'd keep PayPal as well since there's a lot of people/companies/etc. who still don't use/accept BTC.

Good luck! :money: :money: :money:

Thank you for these awesome tips. I too just moved to Bitcoin recently. i hope that I am too late