Better safe than sorry.
When it comes to your coins, keep it quiet.
Have you ever heard the saying “Silence is golden”? In the context of cryptocurrencies, staying quiet about your funds won’t bring you gold, but it might just save your coins.
Beware of stranger danger.
Let’s say you’ve invested a lot of money in cryptocurrencies, or that your investments have paid off and your cryptocurrency funds have multiplied. Obviously you’re pleased about it, so you decide to share your success story with other people by posting a status or comment about it on Facebook or Reddit.
A random person might see your post and then decide that they want your funds, and they start using a variety of malicious tactics to get them. These might include cyber attacks or even physical violence. (You’d be surprised how much information can be mined from your social media, including your physical location.)
Use common sense.
Even in the offline face-to-face world, a bit of restraint can make a difference. It’s easy to have a few beers and start being more talkative. Making friends is one thing, but the contents of your Trezor wallet might not be the best topic, just like you wouldn’t talk to everyone about your bank account balance or your salary.
Don’t be an easy target.
Trezor hardware wallets, either One or Model T, are perfectly safe, heavily protected storage for your coins and private keys. However, keeping a low profile will protect you from other people even trying to steal your funds or harm you. Physical violence and blackmail are things even Trezor cannot protect you from.
What to avoid?
- While publicly advocating the benefits of crypto is perfectly fine, boasting about how much you actually own is not a good idea.
- Avoid talking about your account balances with people you don’t trust. (Sometimes, you should keep quiet even with people you trust.)
- Avoid posting about your personal funds on social media and on internet forums.
- Never post your recovery seed online or show it to anybody else.
- Use a fresh receiving address for your incoming transactions. If you aren’t careful, your address can be used to track your balance and transaction history.
last updated 30.10.19
