In the previous lesson, we discussed how Bitcoin has real-world value — not just as a concept, but as a practical tool for saving, sending, and protecting your wealth in uncertain times.
We explored how to get Bitcoin, learned what kind of wallets exist and how to choose your first wallet, and how transactions work.
Now it’s time to rethink safety and see what it really means in the new financial reality.
Bitcoin was designed to put you in full control of your money. It doesn’t rely on banks, governments, or third parties. That’s what makes it powerful — especially in countries facing inflation, currency controls, or political instability.
But this freedom comes with a trade: you are now responsible for your own security.
That means:
- There’s no customer support if you send funds to the wrong address.
- There’s no password reset if you lose your seed phrase.
- And there are no fraud reversals like you’d get with a credit card.
In Bitcoin, you become your own bank — and that means your safety depends on your habits, not a middleman. You are the helpline.
In a world where anyone can create a fake token, scam website, or phishing link in seconds, understanding how to identify and manage risk is not optional — it’s essential.
Fortunately, the most dangerous mistakes are also the most preventable.
By the end of this lesson, you’ll be able to:
- Identify the major risks and threats when using Bitcoin.
- Understand foundational safety principles: DYOR, Verify Don’t Trust, and key protection.
- Apply basic strategies to secure your Bitcoin and make informed decisions.