In view of what happened with Atomic Wallet and the negligence of several people in our community…
I share 3 ways to secure your crypto stash, thinking about the future and the worst probabilities ![]()
Because only then can we plan. Accepting our sun and our shadow, our light and also our darkness.
Most people buy their first cryptos through exchanges like Ripio, Buenbit, Buda, Coinbase, Binance or even more mercenary companies like Xapo or Paypal.
Your family will not be able to access that account if for some reason you are not around, then that money becomes the company’s and ceases to be yours.
Most people only effectively have the money they spend to buy things they don’t need, and leave the rest in the bank or with stockbrokers.
Thus it technically ceases to be their money, so most people don’t really have any idea how to keep money away from institutions, but rather in cash and buried.
It’s safe, if you know what you’re doing
So you must first read and ask all the questions you have about wallets, starting with what you can already read because we talked about it:
https://criptonautas.co/wallets
https://comunidad.criptonautas.co/search?q=wallet&expanded=true
1. Manage at least two wallets
What you have long-term in hardware, Trezor or Bitbox.
And your daily change in something like Cake, Moneroujo, Monero GUI, Sparrow, Electrum, Samourai.
https://criptonautas.co/wallets
We avoid Coinomi, Trust Wallet and Atomic Wallet
Because they are products created to offer something practically useless, which sells a lot. And with some people, years ago, we used them for trading (but NOT ANYMORE!)
And we broke while I was a Trojan horse in a nefarious company about which we have absolutely nothing more to add.
Hello! It’s 2023, you’ve been in the community for 3 years.
When are you going to react? There is only one time and it is now
Spend time with your wallets
And start right now, send a minimum amount to another address to test. On a network you want to use and haven’t used yet.
Then change the fee, review the available options, learn to do swaps. Change now, when there are no peaks and not when everyone is trying to do the same (!)
The more urgency you have, the less accurate and conscious your movements will be.
2. Store the seedphrase (encrypted)
Because it’s useless to use a super wallet if you have no way to recover access.
All of them can break, can be incinerated, you can forget them.
Without backup, you rely on only one option. And to reach that level of independence, you must start little by little.
The recovery can then be divided into parts, you can know it or not know it, store it in washers or several other options.
Think about the relative risks you run. Who would try to keep your money? Would the State pursue you? An exchange? Your competition?
Imagining these situations does not make them real and they should not affect us, other than to act on what we consider relatively prudent in the coming months and years.
According to what you evaluate as relative risks, you can choose the best option among those you have.
The only way you can secure what is yours is by evaluating yourself, evaluating your environment, and analyzing several possible scenarios.
Just as no one can tell you what to buy or what to sell, neither can they tell you how to take care of it
3. Keep your backups safe
And above all, your mood, because no one will wish you good things if you are talking all day about the things you bought or will buy with crypto.
No one is interested and that only exposes your ambition, and that you have something that perhaps someone else wants to steal.
It is key to stay out of it, beyond sharing info in trusted places.
And above all, to recognize and accept that we can all have a lot and a little (in a matter of days, even in banks).
