Can Your Bitcoin Wallet Be Hacked? How Can You Secure It? - page 8.

pixie85

hero member

Activity: 2184

Merit: 531

Quote from: Iranus on April 05, 2021, 04:38:27 PM

The online wallet is likely to be hacked at any time. Also online wallets can be infected by viruses when connected to the internet. Care should be taken to prevent hackers and viruses, updated antivirus can be used and it should be verified when installing any software. Offline hardware wallets can be used to prevent hacking instead of using web wallet or desktop wallet.

No, not really.

If by online wallet you mean a desktop wallet on your computer then it can be infected by a virus but it's almost impossible for it to be hacked. Maybe if you were using wifi, but in normal circumstances nobody is going to literally break into your computer that's hidden under some random ip address in a random network.

If by online you mean a custodial wallet like blockchain.com then it can be hacked.

online73

full member

Activity: 644

Merit: 101

Ecowatt.io

Hello everybody. Hacking my wallet is quite possible, I think that any wallet can be hacked. But if you adhere to certain rules, which, in my opinion, even schoolchildren know and which can be easily found on YouTube, but unfortunately, sometimes even strict rules cannot save us from the insistence of burglars, who almost always know how to get to your money. Only strict discipline while observing the rules in handling your finances can save our money from burglars.

livingfree

hero member

Activity: 2884

Merit: 579

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: TastyChillySauce00 on April 06, 2021, 03:38:52 AM

Quote from: livingfree on April 05, 2021, 04:31:32 PM

Web wallets should be used by a newbie just as a wallet temporarily which they'll send the funds from there to a better wallet if their plan is to hold it for a very long time.

There were a lot of series and news that exchanges have been hacked and many users have been badly affected by it because they trust those platforms as a web wallet.

And we also need to be careful using any wallet and make sure that you keep private keys offline or in a written form.

If using web wallet, might aswell use the available exchanges' wallet that are 100% more reliable and too big to scam your pennies like popular exchange platform. The code of that web wallet might be published in github and reviewed thorougly by the community but we don't know the real code that's in the production and it could contain logging or such.

Still I wouldn't use them as a cold wallet or a wallet that will hold my funds longer time.

Mostly, they're closed-source so you won't see their codes and it's not advisable to use them as your wallet which you won't use for a long time. You can use them as is.

But using them like how we use hardware wallets, I wouldn't do that.

bosede1

member

Activity: 714

Merit: 16

Bitcoin wallet can be hacked both the level to which it can be hacked and how simple the process will take depends on you. If you take security precautions with you wallet you are safe but if otherwise then you will pave way for the hackers

Murtaza345

jr. member

Activity: 546

Merit: 1

Yes it's big issue to hack Bitcoin wallet, because there are many big hackers in the market,and you should aware from them . But in second way many good securities available which can apply and secure your Bitcoin wallet like ,2fa private key and more good securities which can secure your wallet.so firt and man thing is that you should always aware from them and always check your security ,than you can save your wallet.

DarkDays

legendary

Activity: 2030

Merit: 1189

Quote from: 4king on March 26, 2021, 09:56:49 AM

There are many people in 2021 that have decided Bitcoin is the future - and they aren't wrong either!

One question a lot of people are asking is whether your Bitcoin wallet can be hacked or not - well, can it? And is there a way to secure these funds? https://4king.com/can-your-bitcoin-wallet-be-hacked-how-to-secure-your-funds/

If you're not careful, and end up sharing your keys with others you will definitely be at risk. The danger is even higher for wallets on any exchange, but even still cold wallets can only protect you if you're not a complete idiot to get hacked because you're not fully protected. The only way to be secure is to never share your details with anybody - not even your mom. It's just that simple.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: TastyChillySauce00 on April 06, 2021, 03:38:52 AM

Quote from: livingfree on April 05, 2021, 04:31:32 PM

Web wallets should be used by a newbie just as a wallet temporarily which they'll send the funds from there to a better wallet if their plan is to hold it for a very long time.

There were a lot of series and news that exchanges have been hacked and many users have been badly affected by it because they trust those platforms as a web wallet.

And we also need to be careful using any wallet and make sure that you keep private keys offline or in a written form.

If using web wallet, might aswell use the available exchanges' wallet that are 100% more reliable and too big to scam your pennies like popular exchange platform. The code of that web wallet might be published in github and reviewed thorougly by the community but we don't know the real code that's in the production and it could contain logging or such.

To many of those web wallets available and we don't know which of them is truly secured since everyone of them is vulnerable from attacks. So for choosing best the best wallet better to use those wallet which are regulated and applied for a license on your country since this one ca. give proper security to their users.

Shasha80

sr. member

Activity: 1876

Merit: 318

I have used all kinds of Bitcoin wallets, and I admit that they are the easiest to hack if we use an exchanges wallet. So I never store large amounts of
Bitcoin on exchanges, I only store Bitcoin on exchanges for trading only. I keep the rest in a hardware wallet which is proven to be the most secure,
and as long as I use a hardware wallet, I have never lost or been hacked. Therefore, I highly recommend storing Bitcoin in a hardware wallet.

Banprox

jr. member

Activity: 266

Merit: 4

Quote from: 4king on March 26, 2021, 09:56:49 AM

There are many people in 2021 that have decided Bitcoin is the future - and they aren't wrong either!

One question a lot of people are asking is whether your Bitcoin wallet can be hacked or not - well, can it? And is there a way to secure these funds? https://4king.com/can-your-bitcoin-wallet-be-hacked-how-to-secure-your-funds/

Yes, i also appreciate that bitcoin is the future. Because this is the best Crypto currency. Bitcoin wallet can be hacked if your wallet private key lost or found by someone else. You need to keep your private key in the safest place. Don't put it in anywhere that can be hacked. Write down it in your diary and keep your diary in Locker.

jrrsparkles

sr. member

Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

There are some ways and basic things needs to follow when you want to become an crypto investor which are like having the knowledge about crypto addresses, wallet types, private keys and how to store them safely but not digitally.

The best ways are storing cryptos in a hardware wallets or create an airgapped wallet then use another device with watch only address and broadcasting the transactions.

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

Quote from: livingfree on April 05, 2021, 04:31:32 PM

Web wallets should be used by a newbie just as a wallet temporarily which they'll send the funds from there to a better wallet if their plan is to hold it for a very long time.

There were a lot of series and news that exchanges have been hacked and many users have been badly affected by it because they trust those platforms as a web wallet.

And we also need to be careful using any wallet and make sure that you keep private keys offline or in a written form.

If using web wallet, might aswell use the available exchanges' wallet that are 100% more reliable and too big to scam your pennies like popular exchange platform. The code of that web wallet might be published in github and reviewed thorougly by the community but we don't know the real code that's in the production and it could contain logging or such.

hmw

newbie

Activity: 1

Merit: 0

Just few weeks ago I was able to recover my $80k which was stolen from my blockchain and that really brought me back to life again, agent James helped me . All you need to do is provide evidences of your loss and send to [email protected] to help you work on the recovery process.
You can't do it yourself because Blockchain and most cryptocurrencies network are very complex and even miners can't reverse transactions that have been processed.
So, that's all I can advise you do right away.
Many people have lost bitcoins this year also. It's best you utilize this opportunity to help yourself out before it's too late.
Also, work on using better passwords with mixed characters to reduce risks of hacking.

Questat

hero member

Activity: 2982

Merit: 610

Quote from: nelson4lov on April 05, 2021, 04:47:20 PM

Quote from: ECOS_CloudMining on April 05, 2021, 07:57:25 AM

Remember to use the password of the BTC wallet only there. Don’t utilize the same key in social networks, in e-mail and also don’t write it in notes on your phone. Two-Factor authentication can help you.

True that. Since mobile phones can get lost or stolen, it's not ideal to store those seeds and private keys on them. Not to mention that these notes apps can easily be compromised. Back in 2017, I know a guy that lost over a million dollars simply because he stored some of his wallet access details in his Evernote account which was later compromised and funds drained afterwards. Best to keep details like that in a safe location that's offline too preferably a hardware wallet with top security.

In that case, we have to anticipate that, and having a backup file could help. That should we gonna do and we can just be confident enough were exposing our Bitcoin to others will lead to some interest in it.

We can't really escape from this but it is for us then on how to manage our accounts. If we are too careless, the more it helps hackers to successfully steal our cryptos. We have to remember that they are smarter than us and any leaks to our keys will get easy for them to get in and control.

nelson4lov

hero member

Activity: 2212

Merit: 805

Top Crypto Casino

Quote from: ECOS_CloudMining on April 05, 2021, 07:57:25 AM

Remember to use the password of the BTC wallet only there. Don’t utilize the same key in social networks, in e-mail and also don’t write it in notes on your phone. Two-Factor authentication can help you.

True that. Since mobile phones can get lost or stolen, it's not ideal to store those seeds and private keys on them. Not to mention that these notes apps can easily be compromised. Back in 2017, I know a guy that lost over a million dollars simply because he stored some of his wallet access details in his Evernote account which was later compromised and funds drained afterwards. Best to keep details like that in a safe location that's offline too preferably a hardware wallet with top security.

lionheart78

legendary

Activity: 2954

Merit: 1153

Anything that is connected to the internet and with poor security can be hacked. There are lots of cases reported on the internet regarding Bitcoin wallets being hacked. Most hackers use sophisticated programs that can breach the security of wallet apps. Most of this cases are a result of careless browsing, opening pages, and downloading a file from the internet. Installing anti-virus, anti-malware and internet security is the normal way of securing our Bitcoin wallet. It can be heightened by avoiding unknown and unsecured sites, downloading unverified files, and as much as possible keep our BTC wallet stored in an offline system not connected to the internet.

Iranus

hero member

Activity: 1792

Merit: 534

Leading Crypto Sports Betting & Casino Platform

The online wallet is likely to be hacked at any time. Also online wallets can be infected by viruses when connected to the internet. Care should be taken to prevent hackers and viruses, updated antivirus can be used and it should be verified when installing any software. Offline hardware wallets can be used to prevent hacking instead of using web wallet or desktop wallet.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: 4king on March 26, 2021, 09:56:49 AM

There are many people in 2021 that have decided Bitcoin is the future - and they aren't wrong either!

One question a lot of people are asking is whether your Bitcoin wallet can be hacked or not - well, can it? And is there a way to secure these funds? https://4king.com/can-your-bitcoin-wallet-be-hacked-how-to-secure-your-funds/

Nothing is unhackable but you can make use of those decentralized wallets which you do possess its keys or no one is really aware on those sensitive information
and the rest will depend upon on you on how you gonna keep those keys safe out on other peoples awareness.In link then those are just those generic or
typical basic steps but still there are people whom do failed to do so or just simply neglecting.They do whine or cry after they had lost their money
because they've been hacked.

livingfree

hero member

Activity: 2884

Merit: 579

Hire Bitcointalk Camp. Manager @ r7promotions.com

Web wallets should be used by a newbie just as a wallet temporarily which they'll send the funds from there to a better wallet if their plan is to hold it for a very long time.

There were a lot of series and news that exchanges have been hacked and many users have been badly affected by it because they trust those platforms as a web wallet.

And we also need to be careful using any wallet and make sure that you keep private keys offline or in a written form.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: 4king on March 26, 2021, 09:56:49 AM

There are many people in 2021 that have decided Bitcoin is the future - and they aren't wrong either!

One question a lot of people are asking is whether your Bitcoin wallet can be hacked or not - well, can it? And is there a way to secure these funds? https://4king.com/can-your-bitcoin-wallet-be-hacked-how-to-secure-your-funds/

The reality is that anything given enough time can be hacked, however given all of the publicity that hackers get most of the time people lose their money to scammers, basically they make a mistake and inadvertently they give their coins, private keys or seed words to other people and that is how they lose their money, this is the equivalent of giving all of your financial information to another person and hope such person does not take advantage of that circumstance, however you can reduce your chances of being scammed significantly by just using your common sense.

fiulpro

hero member

Activity: 1890

Merit: 831

Quote from: 4king on March 26, 2021, 09:56:49 AM

There are many people in 2021 that have decided Bitcoin is the future - and they aren't wrong either!

One question a lot of people are asking is whether your Bitcoin wallet can be hacked or not - well, can it? And is there a way to secure these funds? https://4king.com/can-your-bitcoin-wallet-be-hacked-how-to-secure-your-funds/

I do think that for the people who are already holding Bitcoins right now they understand the whole struggle already. The thing is , bitcoin itself is very secure. What you have to worry about is your :
Mobile
Wallet
Use a trusted wallet!
You have to understand and make the right decision about the wallet and then you have to move forward and secure your mobile also. Personal errors are very common and can cause a havoc.
Do not click weird links that you know nothing about and have never heard of it. Do not go on sites which might seem dark, do not open 📖 weird mails and honestly there are a lot of things that you should not do but it all starts and ends with having a personal security with respect to your electronic devices. Therefore I do think it would be more of a valid lesson to not only read about the security of a bitcoin wallet. But rather also work on general security.

Topic: Can Your Bitcoin Wallet Be Hacked? How Can You Secure It? - page 8. (Read 1621 times)