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When you put your Bitcoin in cold storage (Hardware Wallet), you'll write down 12 or 24 words, a seed phrase, to access the funds. NEVER, EVER tell anyone this, don't show anyone this, don't write it down in your phone, or in your computer, or on your fridge or take a photo of this. I'd hesitate to ever read it out loud, as your phone could be listening to you! Ever get ads on instagram about something you were just talking about? Strange, huh?!
Instead, write it down in CAPITAL letters, in your neatest handwriting and clearly legible. Then store it somewhere safe, preferably protect it from potential water and fire damage, or insects too. After that, you can etch a copy in steel or similar fire proof material (put it in a fireproof envelope), for a more durable long term solution. Why not even get a safe for your house. But pay in cash and maybe don't drive your own car, it's got a licence plate linked to your address., use one of those rent by the hour cars. Never have the safe delivered, no matter how convenient it may be. Now someone knows where you live and that you've something worth putting in a safe. Also bolt it into the wall, you'd be surprised people don't do this. Learn from others lessons, don't be a lesson yourself! Increase your security 1% at a time. No need to over do it at first, and over complicate it. But constantly iterate and improve on it over time.
Remember! This is the only access to your Bitcoin. Do not lose this or give it to someone, unless you trust them. There is no Bitcoin Hotline you can ring to get access to your funds in the event of someone getting hold of this seed phrase.
Don't Trust, Verify!
DON'T TRUST ANYONE! NOT EVEN US HERE AT BITCOIN BIZ HUB!
We'll never message you and ask for your Wallet Seed Phrase a.k.a. Private Key a.k.a Wallet Passphrase a.k.a 12 or 24 words. Don't give them to anyone. Not even your Mom! Sorry Mom!
When you get good enough at security and best practices you can share them with certain people for inheritance planning. but until then, treasure them. Keep em secret, keep em safe!
And for the love of God and all that is holy... don't type them in to a computer or smartphone. They should only be typed in to your hardware device or signing device.*
*Unless it's a hot wallet (no hardware device), but best to double check and ask someone like us before you do this! Don't worry as we said, we won't ask for the seed phrase, so don't give it to us. But happy to answer any questions you have, or point you in the right direction.
When it comes to using your passphrase, the keys are in the device. Your 12 or 24 word seed phrase is what unlocks your hardware device and allows you to send and sign bitcoin transactions.
Think of them as the keys to unlock your treasure chest. They are entered into the device... and ONLY THE HARDWARE DEVICE. Most hardware devices will have buttons that allow you to scroll through the alphabet and press 'enter' on each letter until you have selected the word you are looking for. Then the same with the next word and so on and so on.
Only after entering all of your words, (usually 12 or 24 words) will you be able to send bitcoin to another address and sign the transaction into the bitcoin blockchain. This is why these hardware wallets are also called signing devices.
Remember to keep these words safe and secret. Don't enter them into any computer, only into the device itself! This is the most important thing to remember!
Practice good security!
Well technically it's a $10 wrench attack (Inflation Adjusted).
This is as simple an attack as it sounds, but it's pretty effective. Bad guy hits you with a wrench, or other hard object, until you give them your Bitcoin. Check the story in the link for more details on these types of attacks and what you can do to protect yourself. Stay Safe Out There!
Major Issue - Please Read:
Google Authenticator App has been know to sync to Google Accounts, meaning that if your Gmail or Google Account gets compromised, then so can your Two-Factor (2FA) for accounts. A bad actor having access to your Gmail account and now your 2FA can get into your accounts with ease. This feature has not been end-to-end encrypted, which may pose a potential account security risk to users who turned it on.
Make sure the 'cloud' icon is greyed out. If it is 'coloured green/ blue' it is likely syncing to your account. Make sure to 'Grey" it out to turn off. Or use an alternative 2FA method such as a Yubikey or similar device.
Not everyone is who they seem!
Artificial Intelligence and hackers are getting better and more convincing. Phone Caller ID can be changed to make it look like someone you know is calling, when it is not actually that person. Emails can be changed to have the header and footer changed within them, so that it appears someone is emailing you, when it in fact isn't i.e. "Johnson Solicit0rs" rather than "Johnson Solicitors". Deep Fake voice calls can now be used to sound like your loved ones (i.e Eleven Labs). Hear these examples in more detail in the video below.
Rule #1 - Don't Freak Out!
Hackers and Scammers prey on human emotions and rely on getting you to act quickly, often calling you, instead of letting you call the person you might need to in order to complete the action. For example your "solicitor" may call you, when it is in fact the scammer. 'YOU' should be the person to instigate the call to someone or politely hang up and call them back on their official number. Especially, if you are unsure or they are causing you to TRUST and not question their actions or asking you to act quickly. Take Your Time! They rely on urgency and emotion! Don't Trust, Verify!
Junseth's World Episode 74 - Interview With A Social Engineering Hacker
This minecraft kid says the quiet part out loud!
He spills the beans on how they are Social Engineering people and preying on them to hand over their Passphrase/ Seed phrase/ 12 & 24 words. Definitely worth a listen. Be Safe!
Junseth's World Episode 75 - Interview With Ryan The Scammer
Another minecraft kid bragging about scamming.
He spills the beans on how they are Social Engineering people and preying on them to hand over their Passphrase/ Seed phrase/ 12 & 24 words. Definitely worth a listen.
Be Safe Out There!
Real Life examples of Social Engineering and AI Deep Fakes. Must watch! Don't Trust, Verify!
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