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Cryptocurrency All-in-One For Dummies
book

Cryptocurrency All-in-One For Dummies

by Kiana Danial, Tiana Laurence, Peter Kent, Tyler Bain, Michael G. Solomon
January 2022
Beginner to intermediate
816 pages
21h 49m
English
For Dummies
Content preview from Cryptocurrency All-in-One For Dummies

Chapter 4

Keeping Your Bitcoin Safe

IN THIS CHAPTER

Bullet Understanding two ways you can lose control of your Bitcoin

Bullet Making a choice: custodial or private wallets

Bullet Finding out the password rules

Bullet Protecting your computer

Bullet Avoiding phishing attacks

Bullet Passing Bitcoin on to your heirs

You’ve probably heard stories of people “losing” their Bitcoin; thousands of people have done so. In fact, in 2017 researchers estimated that somewhere between 2.8 million and 3.8 million Bitcoin had been lost for good…perhaps more than 150 billion dollars’ worth at current value. But many millions of dollars’ worth have also been stolen from owners.

This chapter helps you to understand how these losses can happen and what to do so they don’t happen to you!

Understanding How You Can Lose Control of Your Bitcoin

Bitcoin actually can’t be literally “lost.” In Chapter 1 of this minibook, we explain that there really ...

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Publisher Resources

ISBN: 9781119855804Purchase Link