Bitcoin (in fact every crypto currency) is easy to lose - either directly via theft or indirectly by losing your password. Here are some common mistakes for new bitcoin users and how to prevent losing bitcoin.
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Ethereum: https://etherscan.io/address/0x58d98516363D2A5f93CE6aB4A4a909599C3EEC3a
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Exchanges:
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@boxmining many of my friends lose their Bitcoin by losing their key..so many Btc just lost like that. Thanks for the video bro..very helpful
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Sorry for the not relevant comment here, but I was just trying to buy Genesis mining 2-year contract after your YouTube review .. I read on their website add ( no maintenance fees / pure mining) .. I entered your promo code, before I proceed I liked to skim the terms of the contract first just before completing the purchase .. I found it clearly mentioned (((The Customer 'me' will be solely liable for the maintenance of the relevant technical equipment (software/hardware) that is required to receive the above service.))) !! So if they forgot to amend the legal contract , that would be a big shock so how we trust their accuracy ! And if it is a misleading on purpose the shock will be bigger. Actually I read only today about them when I found your referral video .. and actually not many alternative businesses -except few poping out of the blue - so I don't know what to do .. I thought to email them .. but I liked to know your opinion about that .
Sorry again and thank you
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I think the biggest cause of lost bitcoins would be keeping your Bitcoins/Altcoins on an exchange. An offline wallet is always best!
Exchanges can go down, keeping an offline wallet ensures you can backup your private keys and your Bitcoins.
Here's a link to some resources for offline wallets for those interested:
https://en.bitcoin.it/wiki/How_to_set_up_a_secure_offline_savings_wallet
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You defiantly need to be educated in BTC if you are new to the game! I have not had any problems in my year I been researching but I well of early could of!
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