Topic: Can bitcoin be stolen? - page 3. (Read 1537 times)

The security of your assets depends on how secure you can keep them because it's you who can secure them and keep them safe from hacks and exploits. If you can't do that well, your assets will be at risk no matter where they are kept.

When it comes to Bitcoin, you are supposed to use wallets that are safe and mainly aren't connected to the internet, and it is best if you can keep your public and private information secure and don't share them anywhere publicly if you know your wallet has enough funds for someone to try and brute force it.

So, you can't say that Bitcoin can be hacked, but the wallet and storage that you use can be hacked or exploited if it's not secured and that is your responsibility to keep it safe.

Computers are not the best place to save the seedphtase of bitcoin because keeping it online it is possible for it to get hacked by hackers,  so it is better for it to be stored in safe place offline which only the user can have access to it . The reason why hacker's succeed in getting into people's wallets is because they have opportunity to get information which enabled them to login the wallets .the way we handle our information is what we determine if hacker's can get to our wallet.

Of course they always find a way to "hack your Bitcoin". After all, most people store their coins on centralized exchanges and/or custodial wallets. Self-custody is the way to go if you want to secure your Bitcoins against hacks and/or theft as much as possible. But be aware that you can also become a victim if you're careless enough to expose your private keys or seeds. Following the necessary security precautions is a must to prevent unauthorized access.

You should buy yourself a hardware wallet for complete peace of mind. Or if you're planning on passing down your BTC to future generations, use a paper wallet instead. Just remember there's nothing in this world that's 100% safe. As long as you don't keep your guard down, there should be nothing to worry about.

No, hackers always find a way to find their victims and hack their Bitcoin wallets. It is crucial to protect your Bitcoin assets. There are various methods to achieve this, including investing in a hardware wallet, refraining from clicking on suspicious links that are sent to you or that you see on social media, and avoiding logging into your wallet from a device that is not your personal computer.

At every point in time where there is a good development,there's also a bad improvement,its a digital world we all know and as many cybersecurities institution are upgrading their security tactics and system,hackers on the other way are trying to improve in their theft,they are looking out for ways to oppress and top up their illicit knowledge on crypto users.
  Hackers have caused investors to not only lose their life savings, but also their trust in cryptocurrencies, which results in ultimately in the decline in the system.Hackers can access cryptocurrency users and thier wallets and steal their Cryptos.

all digital assets can be stolen if the security level of your wallet is not accurate / safe, you need extra security if you have digital assets such as BTC and friends,
where you are required to keep your seed phrase as neat as possible and not easily guessed by people, and it is better not to tell people that you have bitcoin or other crypto

   Yes Bitcoin can be stolen, if necessary measures. are not put in consideration to protect and control your private keys. The security of your Bitcoin wallet depends on how safe your private keys are kept because scammers use different methods to steal people money from their accounts which are knowing your wallet address, exchange hacks, crypto jacking and social engineering schemes and others,and so you need to protect your private keys.

I've never had the opportunity to hold any Bitcoin, but if I don't get it wrong from what I've learned here, your private key or seed phrase is what secures your bitcoin, which can easily be hacked by fraudsters when using centralized exchanges to keep your bitcoin, which is the reason they keep emphasising that we shouldn't store our bitcoin in exchanges. A digital asset is bitcoin, so remember that there are scammers involved in anything related to cash This is why there are so many talented fraudsters on the internet

IMO it is good we store our bitcoin in a non-custodial wallet, as this will ensure its safety. But remember that even when using a non-custodial wallet, you still own your private key, therefore misplacing your private key it will permanently prevent you from accessing your bitcoin.

It's very difficult to say that Bitcoin is completely safe because I think there are still many cases of Bitcoin theft. Apart from that, I also think that as long as she is online and in the digital world, nothing will be safe. In fact, we know that many cyber companies continue to improve their security because they know that hackers will continue to develop. However, we are only required to protect our assets as best as possible.
Has a crypto wallet ever been hacked

Of course it can be stolen

It can be safe from hackers, because there are some settings you will give to your crypto wallet, and all your coins in that wallet are safe from hackers and there is no way scammers can have access to your wallet without your notice, because all the details they need to access your wallets are with you. Bitcoin can be stolen when you exposed your seeds phrase to people, because once you
exposed your personal details to people, it will be easy for hackers to withdraw your coins from your wallet. If you have not give your wallets a solid safe, you better do that before storing your Bitcoin inside the wallets so that you will be comfortable with your holding whenever other people are crying for the stolen of their Bitcoin.

Yes agree. Before investing in Bitcoin, it is important to first learn knowledge about Bitcoin thoroughly. Specifically regarding wallet security, the most important thing is that because digital wallets there will always be hackers there, no matter how sophisticated the security is. If you are negligent in maintaining it, your assets will be lost, let alone hacked, even if you make a mistake in the transaction, they cannot be returned. And what is no less important than saving seed phasing offline is never put a lot in one wallet but in several wallets as you said.

Actually, all investment fields have their own advantages and disadvantages. There is no type of investment that is without risk. It all depends on each individual in managing risk. So the only thing you can do is prevention. Each of your wallets must have strict security, including using a hardware wallet, a password that you think is strong and unique, and don't forget to always activate 2FA. Perhaps the latter continues to try to be careful of suspicious or phishing sites sent via email.

Knowledge about Bitcoin really needs to be learned, remembering that this is actually the main key to our success, because if it has been hacked then we won't be able to sue anyone, this usually happens because of our own negligence by clicking on a link that allows other people to enter. . On the other hand, we can place our assets into several wallets, so we can minimize risk, There have been many incidents where assets were lost due to hackers, therefore it is important for us to be in forums like this to exchange information and learn knowledge about Bitcoin.

of course BTC can be stolen and there are more than 6 ways of getting fxxxxx up. (Excuse the language, but I need to say it because it is very serious)

1) Phishing: Scammers trick you into giving up your wallet info with fake emails or sites. (Your fault)
2) Exchange Hacks: Sometimes hackers break into crypto exchanges and steal Bitcoin. (Not your fault)
3) Malware: Bad software on your computer can swipe your Bitcoin details. (50% of your fault)
4) Scams: Watch out for too-good-to-be-true offers; they might just run off with your Bitcoin. (Your fault)
5) Public Wi-Fi Dangers: If you're using public Wi-Fi, hackers could intercept your Bitcoin transactions. (Your fault, dont use PUBLIC FREE WIFI)
6) SIM Swapping: Hackers take over your phone number and get into your crypto accounts. (Not your fault)
7) Lost or Stolen Devices: If someone gets their hands on your device with your Bitcoin wallet, they could transfer your coins out. (50% of your fault)

Yes, Bitcoin can be stolen through various means. Here are some common methods:

Hacking and Cyber Attacks: Malicious actors may target cryptocurrency exchanges, wallets, or individuals through hacking attempts. If they gain unauthorized access, they can transfer Bitcoin from one account to another.
Phishing: Phishing scams involve tricking individuals into revealing their private keys or login credentials. Fraudsters often use fake websites or emails that appear legitimate to deceive users.
Fraudulent Wallets:Some malicious wallet applications or online platforms claim to offer secure storage but are designed to steal users' cryptocurrency. It's essential to use reputable and well-established wallets.

To protect your Bitcoin and other cryptocurrencies, it's crucial to follow best security practices:Use hardware wallets for long-term storage.

Enable two-factor authentication (2FA) on your accounts.
Keep private keys secure and never share them.
Use reputable and secure wallets and exchanges.
Be cautious of phishing attempts and verify website URLs.
Regularly update software and firmware for wallets.

But always remember that the decentralized nature of blockchain and the security measures in place make it challenging but not impossible for theft to occur. Being vigilant and adopting secure practices can significantly reduce the risk of Bitcoin theft.

The core Bitcoin blockchain is as safe and reliable as it can be. The problem is not the blockchain, but rather the person using the blockchain. What hackers gain access to is the private key or seed. That secret info can be leaked by mistake or on purpose. It's up to the person himself to keep such info safe from prying eyes.

By following good security practices, no one will be able to gain unauthorized access to your BTC. Unfortunately, most people store their coins at centralized exchanges which are prone to failure. This makes it easier for hackers to steal someone else's Bitcoins. Hopefully, DEXs and non-custodial wallets gain traction to put an end to this problem once and for all. As long as the Bitcoin blockchain remains "impenetrable", there should be nothing to worry about.

Indeed, if we do not protect our private key or have a strong backup password, bitcoin can be stolen. If our wallet is not secure, hackers can steal our coin using many methods. We need to be careful when selecting a wallet to hold our bitcoins; we cannot store a bitcoin in a wallet that we don't trust because we may still loose it depending on the wallet we choose. We should stay away from any links we come across online as clicking on a link sent to us by scammers can give them access to our wallets. If we allow someone close to us to have access to our wallet while we are holding bitcoin, we still could get scammed. Instead, we should learn about bitcoin and keep it to ourselves, including those who have interest in it.

Bitcoin is an online currency that may be stolen in many different types of methods. To keep our bitcoin safe, we need to protect our private key and use a strong password that is impossible for someone to figure out.

Not only crypto assets but also fiat money are stolen in the online environment. Who do you blame here?
Most of the times we destroy our own security because of our own reasons. If you can't keep the keys to where you keep your assets, there is definitely a chance of theft. I would say if you have a lot of assets then definitely use a hardware wallet.

Every Bitcoin wallet owner has a private key, when you don't control your crypto key, it means you also can't control what happens to your assets. Stolen Bitcoins are usually the result of storing them in unsafe places such as hot wallets connected to the internet or online. The Mt.Gox hack is probably an example of poor security and the biggest cryptocurrency theft.
When you have the status of a Bitcoin owner, you need to pay attention to "Not your keys, not your coins", always keep your assets safe by storing them in a place where you can control the private key. Several cases that occurred in the past can be a lesson for anyone who still has Bitcoin. Hacking cases can be prevented by storing your assets in a safe wallet and storing your private key or seed phrase offline.

A Bitcoin can be hacked at any point in time because of revenge of seed phrase or making your seed phrase open to the people that is the easiest way a bitcoin wallet can be stolen in your wallet so it is advisable to keep your private key very intact so that no one can penetrate to your wallet The only way yeah it's gone can be get lost is through making your seed phrase open to everyone