Be careful with online services You should be wary of any service designed to store your money online. Such great features also come with great security concerns. Because the private key is so important, you should store a backup of it somewhere. Use many secure locations Single points of failure are bad for security. For maximum security, make sure to encrypt it as well. Whenever you hear that Bitcoins were stolen, it wasnât because there was a problem with Bitcoinâs technology, but because whoever was holding those Bitcoins wasnât careful enough bitcoin safety tips. At the same time, Bitcoin can provide very high levels of security if used correctly. For this reason, make sure to always double check that the address youâre sending the money to is correct. This might have continued to work well if the Bitcoin itself was stable. Think about your testament Your bitcoins can be lost forever if you don t have a backup plan for your peers and family. Whenever you get an email from any Bitcoin service make sure that: The senderâs email is from the domain of that service and not some closely-ooking alteration. A top benefit for customers paying with bitcoins is that they leave no data behind that can be used in identity theft.