Following proper safety and security practices is essential to ensure you do not lose your Bitcoin. While Bitcoin is an incredibly powerful technology, it also places responsibility directly on the user. This is why security considerations should begin before you even decide where and how to Buy Bitcoin in Canada.
This article outlines a few simple but effective tactics you can use to protect yourself and your Bitcoin over the long term.
Understanding Common Scams
There are many scams designed to separate people from their Bitcoin. These often involve impersonation, fake investment opportunities, or promises that sound too good to be true. Always approach unsolicited messages, emails, or online contacts with extreme caution.
A core principle in Bitcoin is: Don’t trust—verify.
1Bitcoin will only contact you from official email addresses ending in @1bitcoin.ca. We will never ask for your private keys. Verifying who you are speaking with is a critical step in protecting your Bitcoin.
Not Your Keys, Not Your Coins
One of the most important concepts in Bitcoin security is understanding custody. If you do not fully control the private keys to your Bitcoin, you do not truly own it—you are relying on a third party.
This is why many Canadians choose to work with professionals who help them acquire Bitcoin and move it into proper self-custody immediately, rather than leaving it exposed on an exchange. This is especially important for larger allocations, such as those managed through Bitcoin for High Net Worth Canadians.
Stay Vigilant and Alert
Never give anyone access to your personal information, private keys, or computer. Doing so removes all security barriers and exposes your Bitcoin to theft. Remember: if something sounds too good to be true, it almost certainly is.
If you need to rebalance, liquidate, or move funds, always ensure you are working with a reputable and properly regulated provider—particularly when it comes time to Sell Bitcoin Canada.
Contact a Bitcoin Expert
If you are unsure about a situation or believe you may be at risk, reach out immediately to a qualified Bitcoin professional. Acting quickly can make all the difference.
At 1Bitcoin.ca, we assist individuals, families, and organizations with security reviews, onboarding, and long-term custody planning. This level of discipline is especially important when Bitcoin is held at scale or on behalf of a business through Corporate Treasury Bitcoin Canada strategies.
You can contact our team anytime via live chat or email—we are always here to help.
