Things you need to know about your Readcash wallet and funds.

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Written by
4 years ago

Recently there are many posts about stolen Readcash funds in their Readcash wallets. I feel pity those who lose their funds because I know the efforts you have to put in to have rewards. It is never as easy as it may sound especially to some people. So I have decided to write an article about my thoughts about the Readcash wallet and some tips I personally use to prevent loss of funds.

You need to take very good care of where you stole your seed phrase. This seed phrase protects your fund. When your password got stolen and they try to log in your account to a different device, they need your seed phrase before they can have access to your wallet. So stealing your password alone is somewhat nonsense for them if they want to steal your fund. The only time they can have access to your account is if they know your seed phrase. Even you need to out your seed phrase when you decide to use another device. That's how secure your fund is unless, again, if you seed phrase is stolen.

How can they steal your seed phrase? Where can they find them?

One way to steal your seed phrase is when they have access in your account IN THE DEVICE YOU CURRENTLY USE. Meaning, when they borrowed your phone or laptop or tablet and you are logged into Readcash, they can easily steal your seed phrase. They'll just click on the "backup my account" and they will be redirected to your seed phrase. They'll write it down or take a screenshot and send it to their phone. But then again, they still have to know your password to log it into their device. In other words, they steal your seed phrase but they need your password. They can also just immediately withdraw the funds if they borrowed your device without needing your seed phrase given the fact that you're already logged in and that it's the device you use.

Another way is using a phishing scam. They will send you a link that's a replica of Readcash and you sign in and put your seed phrase when asked and boom they have your password and seed phrase. When I say replica it means, it looks exactly like Readcash but when you look at the website address it is completely different. So be careful when you log in. Always look at the URL address. It can also be through an app. Some apps can get pieces of information on your phone. So if you think that an app is suspicious, never download and sign in. It jeopardizes the security of your account.

What I'm trying to point out here is that you should always be careful in securing your account. You are responsible for that. You need to be cautious. Rewards are not just points you gain. They are converted into real money. And you worked hard for it. Be as careful as to how you secure your physical wallet. Your purse.

In other words, you need to take good care of your password as well as your seed phrase. Your password is your access to the website, your seed phrase is your access to your wallet in a different device.

You can read these articles to find out more about how you secure your funds:

https://read.cash/@Read.Cash/stolen-money-multiple-devices-etc-88bdeb06

REadcash also stated that if you believe your seed phrase was stolen, get in touch with them, they will assist you on how you can create a new one. But mind that if you create a new one, your old wallet will be lost. Better to have a new wallet so you are sure you're the only one in-charge. Just be careful this time.

Again, I feel sorry for those who lost their funds. I hope it won't happen to you again.

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4 years ago

Comments

Hmm... maybe this is what happened to my funds but it could be a bug too

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4 years ago

Bug? What do you mean??

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4 years ago

It was a bug but my find returned after a while. I was just shocked that it was gone when i opened it in the morning

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4 years ago

Oh I see.. That's nice to hear sis... :)

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4 years ago

Very well said, thanks for all the reminders. This is exactly the tactics of people want to stolen your money.πŸ‘πŸ‘

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4 years ago

Yeah that's why you should be very careful hehe...

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4 years ago

No money is lost.

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4 years ago

pwede naman kung ibang tao ang seed phrase nila.. or kung ginamit yung phone nila para mag withdraw. Pero aside from that impossible na. Hopefully namali lang sila ng intindi.. Pero may faith ako sa security ng Readcash....

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4 years ago

Kahit po nakuha ng ibang tao yung seed phrase or ibang tao ang magwithdraw sa phone, di pa rin nawala yun. Ninakaw po yun. In that case, di na po kasalanan ni read.cash yun, nasa atin na po yun.

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4 years ago

Diba pag ninakaw yun ibig sabihin nawala siya?? haha Kasi imposoble namang ninakaw na pero anjan pa din. Syempre nawala na. hahaha (Pilosopo Spotted noh haha) Oo naman bat naman magiging kasalanan ng readcash if sariling kapabayaan natin yun.

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4 years ago

Di po nawala, napunta lang sa iba. Hahaha.

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4 years ago

haha nawala sayo napunta sa iba. Iniwan ka na niya ahahaha teka hugot ata yun hahaha

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4 years ago

Hahaha Relationshit status na ah

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4 years ago

ahahahahaha... ika nga, same sh*t different day!! hahahha

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4 years ago

Kaya ekis na sakin yan ngayon, paka independent muna ako bago ako maghanap ulit

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4 years ago

hahaha. ako naman on the contrary happy naman ako sa husband ko hehe. oo hintay hintay ka lang hehehe

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4 years ago

πŸ˜₯πŸ˜₯

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4 years ago

why? have you accidentally lost your fund too?

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4 years ago

Mine was only delayed..it later came in

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4 years ago

Sometimes it takes hour before it appears in recipient wallet you used. I withdraw my funds and it takes hours. But that's fine hehe..

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4 years ago

It's better than getting lost. 😁

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4 years ago

Indeed hahaha

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4 years ago

Salute!!

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4 years ago

Me 2 tym Los my fund in my wallet... Just i remember what I do before list my fund I reset my browser.... After that yes I recover my acount but not my fund even I put my seedphares. Is use less.. Still lost it end never comeback.. Thank u for the info and godbless u keep it up girl..

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4 years ago

you reset it kaya it created a new wallet unless nilagay mo yung seed phrase mo sa unang wallet mo. ang password kasi access sa platform in general. Pero yung access mo sa fund mo or wallet mo, is yung seed phrase... Kung nag reset ka, tatanungin ka import mo yung seedphrase mo or na new wallet ka na. pag new wallet,bago na yun. wala na yung old wallet mo at yung laman nun andun lang yun. palutang lutang nalang yung wallet na yun sa ibang dimension ahahhaa

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4 years ago

Thanks for showing more light on this

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4 years ago

you don't have to be worried as long you know your seed phrase is secure.. :)

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4 years ago

Yes, that's true

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4 years ago

thank you for sharing

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4 years ago

no problem... :)

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4 years ago

Very interesting articleπŸ–€πŸ–€ safety purpose

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4 years ago

Yeah we need to be careful of our seed phrase. Without our seed phrase they will never has access in our fund

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4 years ago

True i am glad you know that we cant trust each other with our seedphrase its just like a Private part

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4 years ago

yeah.. they can see your body but they won't be able to touch it. haha

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4 years ago

πŸ˜‚πŸ˜‚πŸ˜‚ I will neva let that happen

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4 years ago

ahahahaha

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4 years ago

Thanks for sharing such important information

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4 years ago

Readcash already wrote something about this too.. :)

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4 years ago

Thanks for sharing info.

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4 years ago

No problem.. Anytime po

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4 years ago

Thank you so much for this information. 😊

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4 years ago

you're welcome! :) hope this helps

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4 years ago