Why you NEVER should accept help to create your Crypto Wallet account

Explained in a non-techincal way

Photo by FLY:D on Unsplash

Initial advice: This is not technical or philosophical writing. I want to address a practical topic that would help people to be aware of real risk. Your kind comments would be read and answered quickly.

Cryptocurrencies are not easy to understand, even for tech people. Thanks to smart guys any person can have Bitcoins or any other altcoin easy and secure, but there are some important security concerns to address. This time I will show you how easy is to be stolen if your accept help from someone else to create your wallet.

First, it is important to introduce some short but important concepts about Cryptocurrencies.

1. In a strict way, Your money is not in your wallet. The information about how many coins you have is stored in many places around the world in a replicated way. There is not possible to download coins, even in an offline wallet or hardware.
2. There are two keys, one private and one public. The public one allows other people to send you Cryptos. The private key allows you to send Cryptos to others.
3. Bitcoin is decentralized, which means that there is no authority or system admin. Then, if your lost your private key, or access to the place…