I hope everyone, especially newbies, can get some solid nuggets of wisdom from this thread. I have learned some new things as well.
Aside from common security practice, i would never share wallet private key/recovery words with multiple persons just to save some TX fee. I've seen some people claim they do such thing when they got caught operating multiple account.
Those 3 usually refer to same thing. But FYI, some of those actually is spyware where they collect and sell your data. Here's an example, https://www.tomsguide.com/news/avast-avg-data-collection
This is the first time I've heard of people sharing their private keys just to save on TX fees. Yes, I may have not mentioned it, but sharing these is a big no-no. Thanks for this link. Gives us something to think about.
Anyway to your points I would like to add another thing that encryption technology should be used to store the data so that no one can take the encrypted data x x.
Are you referring to something like BitLocker? As far as I can tell, people can steal encrypted data but will need more time and effort to decrypt it. We need other ways to protect our devices to avoid that. I believe there are several ways to reduce the time required by doing additional attacks such as social engineering to trick users into inputting their password for the decryption process, planting a keylogger on a computer, and so on. If I remember correctly, some crypto wallet stealers use keyloggers to steal our funds so encryption won't help much. CMIIW.
That doesn't mean you should stop using passwords to secure your wallet though, that would be stupid.
This sounds like a great idea, but will encryption technology be a challenge for those who are not tech-savvy? Or is it something easy to learn?
This particular one is underrated but my advice is never login your wallet details into another person's phone. Don't import your seed phrase into another persons phone and never even dare try it with your private keys because I have seen a situation where friends became enemies, one import a wallet on the other and later deleted the wallet not knowing the friend screen recorded everything and later has access to the phone.
In addition, avoid browsers that don't allow adblock. There are instances where some browser that are not strong auto download things that may cause your device to install malware you are not aware. Be careful and be vigilant.
It is underrated and yes, should be high up there with never sharing your private keys and seed phrases. I've never read this one from articles. I'm glad you mentioned it.