Episode Details
Back to EpisodesMost People Store Their Bitcoin WRONG - And One Mistake Could Cost You Everything (Bit Coin, Wealth & Investing)
Description
Most People Store Their Bitcoin WRONG - And One Mistake Could Cost You Everything
Myles lost Bitcoin in the Mt Gox hack. He didn't even know it had happened until weeks later. The only reason he didn't lose everything was pure luck.
Right now over $14 billion in cryptocurrency is locked in failed exchanges worldwide. FTX, Celsius, BlockFi, Voyager - the story is always the same. People could see their balance on an app and assumed that meant they owned it. It doesn't.
This episode explains exactly what happened, why your Bitcoin probably isn't as safe as you think, and the three steps to fix it this week.
In this episode:
- Why leaving your Bitcoin on an exchange like Coinbase is one of the most dangerous things you can do - and the real story of what happened at Mt Gox
- The three steps to storing your Bitcoin properly - off the exchange, into cold storage, and backing up your seed phrase the right way
- The product Myles uses to back up his seed phrase on titanium - and why paper is never good enough
If you've got questions and don't really have anyone to talk to about Bitcoin...
-- Book a free call: [LINK]
-- Follow Myles on Instagram: [LINK]
-- Check My Personal Website: [LINK]
Most people around you - family, friends, colleagues - don't really get it yet. And the internet is full of hype merchants who just want your attention.
Book a free call with Myles. It's a genuine conversation, not a sales pitch. No agenda, no pressure - just a calm 15 minutes to talk through where you are and how to think about this properly.
You can a Book a call with Myles here with this link. No Sell. Totally free.
Secure your Bitcoin properly
I came across MicroSeed because I was looking for a simple way to back up a seed phrase properly. Something small, discreet, and durable without needing loads of extra kit. Most options felt overcomplicated or a bit clunky. This didn’t.
It’s a solid, no-nonsense way to secure your Bitcoin and actually take self-custody seriously.
If that’s something you’ve been meaning to sort out, you can check out MicroSeed and use code MYLES for a discount from https://microseed.io/shop/
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