After acquiring the basic knowledge about Bitcoin, the next important lesson should be how to access trustworthy wallets and how to secure the wallets from attack. Lack of security knowledge is like buying a gold bar and dropping it in a market square. Most people who call Bitcoin a scam lost their money due to a lack of knowledge of how to secure their funds. Some people don't even know the difference between custodian and non-custodian wallets because they don't want to learn. It is better not to invest in anything you don't have a means or knowledge of protecting.

Investing in bitcoin is easy but knowing right wallet to use becomes a problem to newbies. It is good to keep your funds safe in a noncustodial wallet, this is why the knowledge is needed before investing, so that you don't end up making silly mistakes that will jeopardize with your bitcoin investment.

Some newbies feels that exchange is more secured that a noncustodial wallet because they think that the exchange knows the best way to keep their coins safe than they can do. I was discussing with a friend this evening that has bitcoin but he doesn't have the deep knowledge on it, which part of what he doesn't know is the best wallet for safety. He told me that he prefers to leave his coins in Binance because, they wouldn't release his coins to anyone without his authentication on his phone. That is there is any illegal activity his account will be locked compared to when he is in self-custody of his bitcoin. I had to explain to him that Binance is also vulnerable to attack just the way if he doesn't secure his wallet and that Binance can even deprive him of his funds. Immediately i directed him how to create an electrum wallet, which he did and transferred his bitcoin into his electrum wallet.

Anyone who understands the phrase “ Not your keys, Not your coins” will have no trouble choosing the right wallets and method of storing their seed phrase. The phrase “ Not your keys, Not your coins” instills the philosophy to bitcoiners that custodial wallets are risky and should not be used for hodling. Even with all this information, some people still prefer to leave bitcoins in their local exchanges, they do not realize the implications of trusting a third party with their bitcoins.

And on the time that you had already lost your coins or had been locked up or scammed then this is the only time that you would really be making some in-depth review which they should have done it earlier or a must

thing that they had done initially and not on after effects.Its true that it is really that too easy to say about HODL but newbies would really be normally be leading themselves into those very known app stores and
just simply type "Bitcoin wallet" but doesnt know if its a custodial wallet or not. This is the importance of self research or study on which trying out to do on the things that must be done specially this is talking about the safety of our money or coins because you cant really just make yourself that make out that choice without having  those considerations.

Always be skeptical about into those places that not been known on.In speaking about non-custodial and open source then i would just simply trust "ELECTRUM" in the end of the day
if we arent speaking about hardware wallets.Even into these kind of storages i dont really have that trust.

Hold and just use the right wallet where to put our crypto. Many people have fallen into the wrong wallet due to the number of crypto wallets that can be found on the internet and it is really confusing which one is legit and can be trusted.
Yes, hold wisely and don't rush doing this instead, spend time doing research just to make sure that we are using the right wallet where to store our coins, or else, we're just throwing it away to these scammers. Avoid learning from making mistakes first...

It very essential to know how to secure our wallet especially when we are hodling.  We must use wallets that are not compromised and wallet apps that is verified secured.  We should not just blindly choose a wallet  from any site without checking their validity.


That should be the case since keeping our coins in exchanges can face uncertainty since we do not have the full access or the key of the address where our coins is being held.  Verifying the apps to use whether it is safe for use should be the first thing to prioritized before using them to keep our coins.

Hodling is one way to make you profitable in the crypto market. But you should only hold only those coins with high potentials, and bitcoin is a perfect example. Acquire knowledge about bitcoin and understand how it can make you profitable before you decide to buy and hold. And once you have bitcoin, make sure to secure your wallet away from those hackers waiting to attack. Keep your own privacy and never let others know that you are into bitcoin investment so that they won’t be eyeing on you.

Just hodling Bitcoin is not a guarantee that your bitcoin is safe but being knowledgeable will help to keep bitcoin safe. One who lacks understanding about how scammers operates can easily for into the hands of scamners,  all what has been in the wallet for long time can just go in vain. Their is no need hodling when one lacks understanding how bitcoin should be invested in a secure way.  Securing hodling will yield to having a positive result in every hodling.

Wow, I didn't know that there are this much Bitcoin apps on Google Play store. The way I have come to think about it is that, anyone who is not part of a crypto community would be lost on which of these apps to follow and invest in. Personally there should be more tools to check the legality of any Bitcoin wallet. However, to save you stress, the thing I do is just use the one that is most popular and the one that most other persons have confirmed that works perfectly fine and use it

Exchange wallets or custodial wallets are not a big deal as long as they are official wallets because over time, as they move deeper into the market, they will find better knowledge about wallet security and wallet. They will switch when they learn about the difference between custodial wallets and non-custodial wallets. What's more scary is that they use fake wallets that are still on playstore and will lose their money at the first time, which will make them shocked and have negative thoughts about this cryptocurrency industry.