seedphras
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🔐 Do you have crypto? Then you need to protect it.
The market does not forgive those who are distracted. Here are the 3 basics to know:
1️⃣ Use a secure wallet
Start with a non-custodial (e.g., Metamask, Trust Wallet)
If you invest significant amounts, consider a hardware wallet
2️⃣ Never share the seed phrase
Not even with friends, not even as a joke
Write it down offline. Better on paper, in multiple copies
3️⃣ Watch out for phishing
Don't click on strange links
Always check that the site is the real one
🧠 Crypto is freedom, but it requires responsibility.
🔁 Follow me to learn how to manage it without getting scammed.
$BTC
#CryptoSicurezza #SeedPhras #Phishing #CryptoMindset
The market does not forgive those who are distracted. Here are the 3 basics to know:
1️⃣ Use a secure wallet
Start with a non-custodial (e.g., Metamask, Trust Wallet)
If you invest significant amounts, consider a hardware wallet
2️⃣ Never share the seed phrase
Not even with friends, not even as a joke
Write it down offline. Better on paper, in multiple copies
3️⃣ Watch out for phishing
Don't click on strange links
Always check that the site is the real one
🧠 Crypto is freedom, but it requires responsibility.
🔁 Follow me to learn how to manage it without getting scammed.
$BTC
#CryptoSicurezza #SeedPhras #Phishing #CryptoMindset
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Losing 1.2 billion dollars for a forgotten password?
In 2023, Rain Lõhmus (co-founder of LHV Bank in Estonia) explained on national radio that he lost access to a crypto wallet he created during the Ethereum presale in 2014.
As a result: more than 250,000 ETH have been sitting in his wallet for over 10 years, with no withdrawals.
With ETH around $4,700, the Estonian banker’s wallet represents over 1.2 billion dollars today.
Moreover, on-chain data shows that his wallet has only received small crypto transfers and has never sent ETH.
In other words, the money is there but inaccessible.
The lesson to take away from this story is to know that your seed phrase (recovery phrase) is the important element of your wallet that you must protect at all costs.
If you lose it, you lose everything.
If someone sees it, they can empty all your cryptos.
Here are ultra-simple good practices to apply to protect yourself:
👉 Never store your seed phrase online (email, Google Drive, iCloud).
👉 Write it down by hand and store it in 2 safe places (or engrave it on metal).
👉 Do not share it with anyone (not even your friends).
👉 Test the restoration of your wallet with a small amount before putting significant sums in it.
👉 Prefer a hardware wallet for your significant amounts (and enable 2FA on your accounts).
And don't forget:
Not your keys, not your coins.
#Seedphras
In 2023, Rain Lõhmus (co-founder of LHV Bank in Estonia) explained on national radio that he lost access to a crypto wallet he created during the Ethereum presale in 2014.
As a result: more than 250,000 ETH have been sitting in his wallet for over 10 years, with no withdrawals.
With ETH around $4,700, the Estonian banker’s wallet represents over 1.2 billion dollars today.
Moreover, on-chain data shows that his wallet has only received small crypto transfers and has never sent ETH.
In other words, the money is there but inaccessible.
The lesson to take away from this story is to know that your seed phrase (recovery phrase) is the important element of your wallet that you must protect at all costs.
If you lose it, you lose everything.
If someone sees it, they can empty all your cryptos.
Here are ultra-simple good practices to apply to protect yourself:
👉 Never store your seed phrase online (email, Google Drive, iCloud).
👉 Write it down by hand and store it in 2 safe places (or engrave it on metal).
👉 Do not share it with anyone (not even your friends).
👉 Test the restoration of your wallet with a small amount before putting significant sums in it.
👉 Prefer a hardware wallet for your significant amounts (and enable 2FA on your accounts).
And don't forget:
Not your keys, not your coins.
#Seedphras
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