Topic: Bitcoin wallet is not safe (Read 174 times)
In my own opinion, as of our technology today, everything in the internet can be hacked by any computer genius or something.
Many people believe that electronic wallets are safe, but in fact, Bitcoin accounts and trading floors are frequently hacked.
True, these kind of wallet is not literally safe to store bitcoin or any other coins, that why you dont have to put all your bitcoin in one wallet alone try to separate them or for added protection store all your bitcoin to an offline wallet.
If you are afraid that your bitcoin whos at the hands of a trading or web wallets might be hack then go offline wallet. Offline wallet are the safest when it comes to storing large amount of bitcoins.
As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.
This is why the government wants to regulate bitcoin, they want to protect the investors from such acts. The government cant push the owners to pay its user when things like this happen because its not regulated.
It is a well established fact that online wallets are unsafe for storing large amounts of btc. The user can also choose to use hardware wallets--which tremendously increases security. But security of bitcoin really just boils down to how the user values its safety.
PS. don't store coins on exchanges.
PS. don't store coins on exchanges.
Electronic wallets are not secure. We often hear about attacks and thefts. The safest are offline wallets.
Since Bitcoin is a decentralized platform, it puts the responsibility on the users to secure their money. You should not trust any centralized authority such as an exchange to take care your money. Those online exchanges and wallets are absolutely susceptible to hacking, just like anything you do online. Therefore you must understand methods such as offline wallets to safeguard your coins.
Many people believe that electronic wallets are safe, but in fact, Bitcoin accounts and trading floors are frequently hacked.
As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.
It is true that most of Bitcoin wallets are not safe and once we lost a Bitcoin, we cannot retrieve a single one of it. Because it was decentralized, we can't blame someone else. We are the one that will take care of our Bitcoins so it was our responsibility to make our transactions safe and the blame will be on us once we lose some bitcoins. As a bitcoin enthusiast, I always make my moneys or my bitcoins in a safe place or sometimes I converted my bitcoins to fiat to prevent hacking. As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.
A hardware wallet is as safe as you can get. I recommend that you get one if your are too concerned over the matter of reliable security. Nobody has guaranteed the absolute safety of any wallet. What you can do is choose the best one which is easier to maintain and harder to get hacked.
Many people believe that electronic wallets are safe, but in fact, Bitcoin accounts and trading floors are frequently hacked.
As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.
As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.
You are confusing two things:
1. bitcoin wallets
2. exchange wallets
Saving stuff on an exchange wallet is never recommended unless it is for trading. When you are done you should move it to your personal (preferably hardware) wallet as soon as possible.
Personal bitcoin wallets are only as safe as you make your system.
The security about the wallet, of course it depends on the person. If it's careless or less observe to the level of security in detail on pick a wallet site, it surely will be easily to be hacked.
So far I personally, never experienced my wallet got hacked.
Just stay cautious, use a trusted wallet that has been used by many people so far in our place and it has been proven very safety.
So far I personally, never experienced my wallet got hacked.
Just stay cautious, use a trusted wallet that has been used by many people so far in our place and it has been proven very safety.
If you use Blockchain, then you are safe. There is very good protection, especially if you connect all the ways to protect.
Many people believe that electronic wallets are safe, but in fact, Bitcoin accounts and trading floors are frequently hacked.
As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.
wallet account security is the nature of the attitude of someone who has it because usually if exposed to hacking or phishing it because someone less precise and less secure in keeping the wallet. so I guess that's the fault of every one myself, because many people are still safe using the wallet. As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.
Many people believe that electronic wallets are safe, but in fact, Bitcoin accounts and trading floors are frequently hacked.
As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.
As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.
The only thing we can do is to ensure the safe keeping of our private keys and our information so that out money will be safe. Private keys are unique form in which impossible to memorize even by the thieves therefore the only thing we can do is to hide them that it can be stolen by anyone and ensure that the 2FA if there it is must be activated too.
Many people believe that electronic wallets are safe, but in fact, Bitcoin accounts and trading floors are frequently hacked.
Electronic wallets = bitcoin wallets are safe as long as you are holding the private keys and you'll never log in to a phishing website that contains the same interface and can deceive new investors who are not aware that they are existing.As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.
From the very beginning you must understand that this is all about decentralization. And transactions on bitcoin are irreversible so if ever you mistakenly sent your bitcoins to someone then there's no way to retrieve it unless the receiver will send it back to you.
Only one wallet cant be hacked - is offline walet. Any other can behacked, it makes no difference how many factor of auth you will use, tough 10fa.
Other question is it worth?
Other question is it worth?
Many people believe that electronic wallets are safe, but in fact, Bitcoin accounts and trading floors are frequently hacked.
If you using trading platforms as your wallet and then complained about its not safe., then you really need to learn more about how to protect your wallet. Trading platform are not really safe, that's why we have wallets such as Electrum and Bitcoin Core to begin with. Don't put all your funds in a trading platform, moved it to a wallet that you have total control of your private keys.
As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.
Then it will defeat the purpose of bitcoin being decentralized if there's a regulatory body in between. Bitcoin is irreversible and it has no name associated with it. If you are looking for safety, then deal with banks. I guess you should read about Satoshi's Whitepaper, so you will understand how bitcoin was designed and what its purpose.
The only way to keep Bitcoin wallet safe is to keep your information secret .2FA should be turned on. Email varification enable should be kept. So, hopefully the wallet will be safe
you are naming things that are all over the place and none of them are a bitcoin wallet!
first "electronic wallet", i have no idea what that even means. we have no such thing.
second "bitcoin accounts". it is obviously not a bitcoin wallet. an account is what you create on sites like coinbase and they store your money and they can steal it just as easily.
third "trading floors" if you mean something like exchanges that is obviously not a bitcoin wallet either and they can and have been and will be stealing your bitcoins whenever they can.
a bitcoin wallet is what you control the private keys and you generate them. and as a result the safety of it falls upon you. if you do it in a safe manner, meaning cold storage then there is no way that someone can steal it. but obviously if you neglect security you will be at risk.
first "electronic wallet", i have no idea what that even means. we have no such thing.
second "bitcoin accounts". it is obviously not a bitcoin wallet. an account is what you create on sites like coinbase and they store your money and they can steal it just as easily.
third "trading floors" if you mean something like exchanges that is obviously not a bitcoin wallet either and they can and have been and will be stealing your bitcoins whenever they can.
a bitcoin wallet is what you control the private keys and you generate them. and as a result the safety of it falls upon you. if you do it in a safe manner, meaning cold storage then there is no way that someone can steal it. but obviously if you neglect security you will be at risk.
Many people believe that electronic wallets are safe, but in fact, Bitcoin accounts and trading floors are frequently hacked.
As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.
If you store your bitcoin in an exchange or online wallet then you gave the access to use your bitcoins so they may take your money at any time or someone can steal your money easily because those funds are not secured by private keys.You can use 2fa authentication to save your holdings from hackers.As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.
But it is not advisable store your bitcoins in an online platdorm unless you want to trade it soon.So pick a wallet with private key so you have full control ober your bitcoin and your bitcoin will be safe until your private keys are safe.
Many people believe that electronic wallets are safe, but in fact, Bitcoin accounts and trading floors are frequently hacked.
As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.
As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.
How about i tell you that my bitcoin wallet is regulated by our government and central bank? If that is what you think about the safety of your bitcoin wallet, maybe because the wallet you are using is coinbase wallet. Try to explore and read mo research where to find regulated wallets for the safety of your bitcoins.
The problem with the trading platforms, even with Bitcoin is that it is third party services that are built on top of Bitcoin. Bitcoin is a currency and the protocol behind this code is rock solid, but the code behind these third party services are fulnerable.
Solution : DO NOT store large quantities of bitcoins in these services. Use offline paper wallets or hardware wallets and only transfer coins to these services, when you want to trade.
Solution : DO NOT store large quantities of bitcoins in these services. Use offline paper wallets or hardware wallets and only transfer coins to these services, when you want to trade.
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