Core principles
- Keys = coins: Anyone with your private keys (or seed phrase) can spend your funds.
- Backups before deposits: Confirm you can recover from your seed (and passphrase if used) before sending significant value.
- Minimize attack surface: Keep long-term keys offline; separate devices/roles.
Seed phrase & backups
- Write the seed clearly; avoid photos/cloud storage. Consider metal backup for fire/water resistance.
- Store backups in at least two separate, secure locations. Periodically verify legibility and completeness.
- If you use a BIP39 passphrase, back it up separately and treat it like a second factor.
Device & environment hardening
- Use a hardware wallet for savings; keep firmware updated from the official vendor site.
- Enable PIN on devices; lock down phone/PC with automatic updates and reputable antivirus where appropriate.
- Use a password manager; enable 2FA (authenticator app or hardware key) on exchanges and email.
Phishing & social engineering
- Never type a seed phrase into a computer or website. The correct place is your hardware wallet (or paper during creation).
- Bookmark official URLs; beware look-alike domains, fake support, and DMs.
- Verify downloads and addresses; send a small test transaction first when practical.
Spending safely
- Double-check the destination address and network. QR codes can help avoid typos.
- Prefer RBF for flexibility; confirm support in your wallet.
- For large or critical payments, consider multisig or require co-signers.
Recovery drills & lifecycle
- Practice restoring from seed on a spare/temporary device (offline) to verify your backups.
- Rotate or migrate wallets after device loss, suspected compromise, or life events (move, divorce, inheritance planning).
- Document a simple inheritance plan so trusted parties can recover if needed.
Educational content only; not investment advice.
See also: Wallet types · Fees & mempool · Back to “What is Bitcoin?”
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