Want to Get Into Crypto But Don't Know How? Here's How to Start Safely and Securely
Want to Get Into Crypto But Don't Know How? Here's How to Start Safely and Securely
Earlier this year, The New York Times ran an article about an early Bitcoiner, Stefan Thomas, who had accidentally locked away the private keys to 7,002 BTC (over $400 million) on a device that would lock up and encrypt the contents forever if given incorrect passwords 10 times.
As of last January, he had tried eight passwords, to no avail.
After the article came out, so many people would randomly mention to me "the guy" who had lost access to his bitcoin, and I'd have to correct them -- no, there were many, many, many people who had done such a thing.
As the crypto markets have continued to rise over the long-term (at the time of publication in January, the value of his bitcoin had been $220 million), reaching a total market cap of $2.6 trillion up from $0 a dozen years ago, there have certainly been a lot of people looking to get in.
If you're interested in buying crypto, read on to find out how not to become one of those people who have lost the keys to their coins.
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