Why I stopped sharing my hotspot after becoming a trader

Using your own mobile hotspot is usually safer than jumping on public Wi-Fi, but letting others connect while trading Bitcoin or any other financial assets can bring some serious security and liability issues. Here’s why you should think twice about sharing your hotspot when you’re trading, saving, or moving BTC: 1. The biggest threat is network compromise, or what some call the 'bad apple' effect. This means the person using your hotspot could be carrying malware, spyware, or even have a packet sniffing tool running on their device, whether they know it or not. 2. You’ve got the Man-in-the-Middle (MitM) risk lurking as well. This can accidentally expose your personal info to others or lead you to fake phishing sites that attackers set up to steal your login details. 3. Legal issues can pop up too if you share your hotspot with strangers or even friends who might be engaging in shady activities. If they get caught doing something bad, you could be linked to it because of your IP address. 4. Don’t forget about potential bandwidth loss and higher data charges. Even if it seems minor, it could slow down your transactions or mess with the timing of your trades. * Do you still share your hotspot without realizing the risks? * What other stuff did you stop doing once you became a trader and started seeing real profits and losses in the market?

Interesting how a little bit of kindness just to hotspot a friend or strangers is now i big security risk, and from all that you have outlined is obvious that we face alot of risk with sharing hotspots with others. I never take this serious until i read this thread so know more about thia malwares and other tools used to access our personal informations just by connecting to your hotspot.

How about with family? Some family members are even more dangerous than friends and even strangers. We also need to be cautious with family members IMO, especially when you notice them having a dubious character. Some family members do not recognize that you are family and place no importance on family bonds; they will do to you even worse than strangers will, so caution is also necessary.

Sometimes it's better to say no. Especially if you are worried about safety, even if that person asks for your mobile hotspot, there are some reasons you can make up just for them not to connect. Just like me, I am always telling that I don't have "unlimited" mobile data, where it's true. It's just a pay-as-you-go mobile data, where it is extremely expensive if it is used for non-useful things. Especially in the cryptocurrency market, where hacks, malware, scams, etc., are extremely common.

Good thing I’m really not used in sharing my hotspot. I just think that it’s invading my privacy, even when I’m still not a trader in the crypto market. I just don’t like it, maybe because I have also advanced thinking that he can easily access my personal account if ever, and now that I read your post, then I guess I actually have done the right thing. However, regardless though, even if you aren’t a trader yet, still sharing your hotspot is  still risky as it is. You don’t need to do that, and you aren’t obliged to share it to others, knowing privacy and security are way more important than being kind.

i don't share my hotspot.  why don't you have one on your phone?  if you have connectivity, why do you need mine? ill flat out tell them, no, the moment i let you on, any garbage you got on your phone, is now on mine / looking at mine and i have too much to lose. if they get bent over it, again, why can't you use your bandwidth? why mooch mine? what he said hits spot on.  made the mistake of letting a friend us my wifi once because his would not connect,  next thing i know im getting all kinds of shit on my phone because of the sleazy sites he went to on his. you also have to remember, many of these 'free' apps and stuff,  the stupid crap you click without reading, says share this, share that, share camera, phone use, files, bla bla.   yah yah yah agree just gimme my free stuff !!   the moment you shared with him,  YOU just agreed to that spy scumware as well by proxy, because YOU gave him permission to be on your stuff.... with all his stuff. can i borrow your phone, i need to make a phone call.   what's wrong with your phone... umm i don't want them to know it's me... oh HELL no you are not dragging me into your garbage.... literally the same thing sharing wifi. Aaron

I think it's more likely you're the one able to transmit a virus by hotspotting than from someone connecting to you. There's another big problem that you have to consider whether anyone can packetsniff insecure connections to your hotspot (particularly if you haven't set a password or the connection is insecure for some reason - like one of you having bad random number generation).

im not trying to pick on you here but want to make a point. you think it works one way.  but you don't KNOW .....  that right there is the road to hell, paved with good intentions. i don't understand a lot of the phone tech anymore, and it changes every other damned week.  this good, haha ok boomer, that was so last month  type thing    we don't know if we are safe or not because the tech keeps changing.  not to mention opening it up for just a second to let him 'discover' it because im too fkn stupid to know where to dig to find the password to my wifi / hot spot bla bla lets those who ARE evil and just lurking in too. id rather be safe than think i am only to find out someone got in and drained my account. then again that's another topic all on it's own.  WHY you carrying your life's savings around with you on your phone?  you should ice that where it's safer.   everything we do is a calculated risk and we daily are having to weigh, am i willing to take it, to do this or that. at the end of the day, you don't have internet on your phone?  there ARE apps you can use the phone part for internet you know?  like the old cell modem days. just saying aaron

At the first place why you need to open your hotspot at the public places you have your own data connection so unless you want to connect other people right there also most of the hotspot now have their security and not an open password that could easily access. At the same time is avoid connecting to the public wifi because you dont know if its secured and if you are active person outside such as doing trading you must have this and not just reply on free connections.

No, I do not share my hotspot with friends or those whom I don't know. If I activate my hotspot, that is for my other devices and I always password-protect it. I don't want something bad that I don't know happens in front of me. I don't show my trading activity in public because that can make people question what I do. Besides that, I do not talk about trading to others if they don't know trading.

If you are at a public place, log in your exchange accounts, open your cryptocurrency wallets is risky practice and it makes no sense to share your Mobile Hotspot to other people in such public locations. You can use it very personally and privately for yourself and don't share it with anyone especially strangers. Make sure you set up a very strong password for your Mobile Hotspot too. More important, make sure that you only use your hot wallets with very small funds in such public locations with their given Wifi or with your mobile hotspot. More helpful reminders and resources for learning about privacy and security https://www.lopp.net/bitcoin-information/privacy.html https://www.lopp.net/bitcoin-information/security.html https://bitcoin.org/en/protect-your-privacy https://bitcoiner.guide/privacy/

I will never share my internet connection to stranger, after all it's 2025 and internet connection is very cheap, why should I need to. You can be in a middle of isolated land and could still connect to internet using starlink. If they can't connect to internet, it's on them. My device security comes first.

At this point,I can say that this is where boundary comes in and protecting it maintains discipline, safety and reliability as a trader.It’s unsafe to share your hotspot when you trade.If someone insists,kindly decline telling them that it’s for security and trading stability.Sharing hotspot is unsafe,it makes you vulnerable to hacks and cyberattacks.

There is so much 'free' internet today, all the hot spots, coffee shops, restaurants, business' car washes, gas stations, you name it, you can drive and literally pass hundreds of hot spots to surf while you are in range.  I don't understand why sharing a hot spot is even a thing anymore really, unless you are way out in the boondocks, chances are iinternet access is open already. Aaron

Be it your close friends or family members, trust should never be given completely, most especially that you want to give the maximum protection of your account. Even before when I wasn’t into trading yet, this is already my stance about sharing hotspot. I don’t do it not because I don’t want to, but because my privacy and security are more important to me. Prevention and high caution should always be done first and foremost. If that is your stance, then people around you will also know their place.

The reason isn't whether it's cheap or not, but sometimes differing internet speeds can lead someone to ask us to share our internet with them because they need a fast connection. I've experienced this several times when customers wanted to make transactions via QR code because their internet was disrupted and asked me for a hotspot. For those who aren't tech-savvy, this may sound unreasonable, but we must be more vigilant about the security of our important accounts.

This should be a reminder and a principle as a trader because you have to be security conscious and attentive.If you must share your hotspot,you should only do that after trading hours.Don't compromise your network security, because protecting your hotspot means protecting your business environment and trading account.