Written by 1Bitcoin.ca, July 14th 2023

It is important to follow proper safety and security practices to ensure you do not lose your Bitcoin. This article will outline a few easy but helpful tactics that you can use to your advantage.

Understanding Common Scams

There are many scams that involve people attempting to take your Bitcoin away from you. Always be cautious when dealing with others. You can view a list of the most common scam tactics by clicking here.

Don’t Trust, Always Verify.

Always verify who you are talking to. 1Bitcoin will always contact you via official email addresses that end in @1Bitcoin.ca. We will never ask you for your private keys. Do not blindly trust anyone you met online. 1Bitcoin is not affiliated with any third party platforms, foreign investment schemes, or ‘trading’ opportunities. It is also important to verify that any company you are dealing with is properly registered and regulated.

Not Your Keys, Not Your Coins

One of the most important philosophies in Bitcoin is that if you do not fully control the private keys to your Bitcoin, you don’t truly own your Bitcoin. You can read more about this topic by clicking here.

Stay Vigilant and Alert

Always be on the lookout for people trying to take advantage of you. Never give anyone your delicate personal information, or access to your computer. Giving someone access to these things opens the door for you to be taken advantage of. Always remember, if something sounds too good to be true - chances are that it is not true.

Contact a Bitcoin Expert

If you are unsure of the situation you are in, immediately reach out to a 1Bitcoin team member and we will be able to assist. You can contact us via the live-chat available on our website, or via email at help@1bitcoin.ca