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Pro-tip: If you ever attain significant wealth, and actively plan to use crypto out in the wild, have 2 burner wallets.

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by COINS NEWS 179 Views

DO NOT walk around with your 6 or 7 figures wallet on your phone. For the love of God buy a hardware wallet, or other form of cold storage.

Reason for the 2 burner wallets: If anyone out in the world knows or even thinks you may have Bitcoin or crypto on your person, they'll know what it's potentially worth. They hold you up, they know what they're doing, and demand passphrases. You give them one that is an obvious burner, with low amounts. They get wise and ask for your whole balance. Enter fake wallet number 2. You get off easy. Hell, make a 3rd one. But 2 should suffice.

*edit: grammar

submitted by /u/Stidwack
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