Aswear u no get option...

I say make I talk am for pidgin English, so you can under that I meant it when I said that you ain't got options😁

You must consider using a private wallet in the right way.

As far as am concerned, I shall continue to help you dodge stray bullets that are coming your way.

If you can recall, we had a 1-hour live session on CryptoNiche Hangout on how to create a multi-signatory wallet for yourself.

If you can recall, I continue to tell you the importance of being a custodian of your own money.

Recently, I noticed something that shocked me.

I say make I share am with you for learning purposes.

When people tell you something like 'not your keys, not your crypto.'

It means that except you have a private key to a wallet, the money that resides in it is not yours.

One of my dearest students, during a conversation, told me about how much Bitcoin he has accumulated during the bear season by following my advice.

Honestly, I am proud of him.

But....

He broke my heart, I felt a sharp pain in my head when he said.....

Engr, I now have close to 0.3 BTC in my Trustwallet.

I was like, WHAT?????

In your Trustwallet?

He said 'Yes sir.'

This is when it was down on me that I had failed in my responsibilities. In his view, Trustwallet is trustless and secured. Lol

I should have published a newsletter and addressed this challenge once and for all.

But it is not late.

If you are using Trustwallet multicoin wallet, you are aware that it comes with private keys or seed phrases, right?

Lol

As long as you are holding your Bitcoin and Altcoins in Multicoin wallet, you are not much different from those who are leaving their life savings on crypto exchanges.

You are not much different from those FTX and Mt. Gox lovers.

Dear friend, make I kuku clear you finish.

You cannot use that multicoin private keys to restore your wallet on any Bitcoin standard wallet.

Why? Because the private keys to that Bitcoin are not with you, it is with Trustwallet.

Additionally, you have created a single point for failure for your assets.

What happens when you lose access to your multicoin private keys?

Bitcoin, Gone?

Kaspa, Gone?

Cardano, Gone?

Everything is Gone and they are all Gunners?

Are you an Arsenal FC fan?

E shock you abi?

I am standing on the podium of knowledge, experience, and light.

And I am sharing my knowledge with you right now, take it and prosper. I have no bad intentions to downgrade Trustwallet.

Multicoin Wallets like Trustwallet offer easy UI and more flexibility, but they are disasters that are waiting to happen.

It is not for people like you, you have come to light, and you should not remain in darkness anymore.

Let me ask you; what will happen to your money if Trustwallet stops operating as your custodian?

It means that you have nowhere to go.

The idea behind multicoin Wallets is to tie you down with rope, and you will never be able to leave Trustwallet easily.

My advice, go and learn how to create proper Bitcoin Wallets.

A proper private keys can be used to gain access to your wallet regardless of the client. It allows you to switch to any wallet service provider of your choice.

Do this for other coins that you have invested in.

Now you can see that you have no option but to do the right thing.

If not, I will continue to press your neck until you do what is right.

If you doubt me, I will send another newsletter to you as a reminder.

Right now, go online and search for information on how to create a wallet in the right way.

I will make a few tutorials about it if you make a request now by replying to this letter.

Ojeniyi Ayobami Abimbola is your guy who teaches crypto in simple Nigerian English language.

I wish you a fabulous weekdays.

I love you plenty!❤️

2 comments

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