Can Your Bitcoin Wallet Be Hacked? How Can You Secure It? - page 9.

Pmalek

legendary

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Quote from: ?? on ??

Most likely, any wallet can be hacked. But still I prefer to use hd and licensed wallets like ownr and trust.

Ownr is a closed-source wallet and it's a multicurrency client. If your intention is to store bitcoin, you don't need a multicurrency wallet for that. There are many wallets that belong to the bitcoin-only, non-custodial, and open-source categories that you can use instead.

Trust wallet is also a multicurrency software wallet. It's a closed-source app just like the Ownr wallet. That means that the wider Bitcoin community has not had a chance to inspect the code and check how it works.

marlo1001

full member

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Lets be honest, only paper offline generated wallet cant be hacked. Thats the truth of life, any electronic device could be hacked in theory

Swordsoffreedom

legendary

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Leading Crypto Sports Betting & Casino Platform

The most secure wallet is the physical wallet, It is less likely to be hacked if you use it with precaution. Each physical or cold wallet is protected or encrypted by random private keys. The only reason hardware wallets can be hacked is to lose your private key.
There are also some noncustodial online wallets, paper wallets, and desktop wallets that are also safe to use unless you follow the rules. Desktop wallets are often attacked by viruses, so these wallets should be used offline. So, the recommended way is, Don't use any exchange service to hold your coin for long term, use a hardware wallet and keep your private keys secure.

seoincorporation

legendary

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I just read the full article, and i think you should change the name to 'What's a bitcoin wallet?' You spend a lot of lines talking about what is a bitcoin wallet, and only some words talking about if it can be hacked.

Any bitcoin wallet can be hacked, and if you have the most secure wallet software then your windows can be hacked, and that way the attacker could take your coins. Even if you don't have that computer online, someone can physically access that computer and take the coins.

So, any software is vulnerable nowadays.

aysg76

legendary

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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/

Hackers are always trying to find a way to hack into your online wallets and have access to your funds but if you have proper backup and knowledge of how to secure your funds in wallet you are less liable to be hacked.You can use hardware wallet like Trezor which almost zero probability of hacking and your funds are secure.You can follow some following steps to avoid getting hacked :

1) Don't share your private keys with any other person asking you for keys

2)Avoid clicking on phisshy and scammy links or emails which can install malware in your software and you loose access to your wallet and funds.

So our security is our prime responsibility and we can't rely on any third party for such things.

Pmalek

legendary

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Quote from: DatKing on April 05, 2021, 09:42:20 AM

I don't think your Bitcoin wallet can be hacked as long as you don't show any of your private information related to the wallet.

Don't be overconfident. There are various ways in which a software wallet can get hacked, and that's true for non-custodial and open-source wallets as well.

The most common way to lose your funds is downloading and installing a fake wallet. Electrum, for example, is a frequent target of various attacks and scams. You have surely heard about the notifications that were shared by malicious Electrum servers in the past that requested users to download newer versions of the Electrum client. In reality, they downloaded a fake phishing app infected with malware.

Other ways involve getting infected with a clipboard hijacker that changes your address to that of the hacker. There are RATs, crypto-stealing malware, password stealers, or keyloggers. These were produced to find and copy sensitive information such as private keys, passwords, wallet files, etc.

DatKing

member

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I don't think your Bitcoin wallet can be hacked as long as you don't show any of your private information related to the wallet. It should be really one of the hardest things for the hackers when it comes to crypto wallets. Decentralized systems are more secure than centralized ones.

isaac_clarke22

sr. member

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Just don't hodl your money in an exchange or something that you don't handle the security of your private key.
There is no perfect security as everything in digital is made by someone else's code and it is just a matter of exploit of that code that can lead to potential hack and of course, the loss of your BTCs.

PS: OP just seems to promote his/er site to get clicks/visits judging from the post history. I didn't click the link anyway. Roll Eyes

masterrex

full member

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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/

Well, I'm not an expert on that topic but I have a friend and Engineer that was very capable and knowledgeable on that topic and he said that there is no such thing as perfect on the internet all are systems subjected to vulnerabilities thats why there's a frequent update to fix those vulnerabilities and because of that reality I conclude that even most of the crypto wallet today are also vulnerable to hacking including those Bitcoin wallets. so stay safe by making your password strong while stored your phrase and private keys in a secure place that was the basics.

bekti3

member

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Merit: 15

Quote from: ?? on ??

Anything online can be hacked, even well-known exchanges are recently attacked and stolen funds. The best way to secure your funds is thru a hardware wallet where you get to keep your seed phrase and funds offline. It's one of the best investment one can make for security.

when I heard the word "hacked" I was very worried about my internet security system and checked it right away, hope it doesn't happen to me. although no system is safe, one must still be careful. especially regarding digital wallets which are currently very vulnerable to being hacked, sometimes we feel safe, but in fact, we are not.

Beparanf

hero member

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All account and wallets can be hack as long as you are connecting it online. No matter how knowledgeable you are on security measure in crypto, there's always a point that you will commit error that might lead you to possible hack.

You have less chance of hacking if you are storing your Bitcoin via hardware wallet and check it rarely. Never use Web wallet and don't input your private key online

fauzan123

full member

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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/

Cold wallets are a more secure, long-term residence for your Bitcoin. They’re also called ‘hardware wallets’ because they often come in the form of a USB-drive-shaped device that can plug into your computer or link to your computer or phone via Bluetooth technology. Hot wallets, however, generally live online, which makes them more vulnerable to hackers.

btcsmlcmnr

full member

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You live with the present and expect for things in the future. Bitcoin was created in 2009 and for the present it achieves some good adoption. Price? Bitcoin price can make people who don't invest in bitcoin or hate bitcoin get mad.

Their madness is from their jealousy with bitcoiners and bitcoin investors.

Bitcoin give you an own bank if you want. With a non custodial wallet and good security for your device, your wallet backups, you are free from governments and hacks.

ECOS_CloudMining

copper member

Activity: 342

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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.

lovesmayfamilis

legendary

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✿♥‿♥✿

If the owner of the wallet knows how to use the wallet and knows the security measures, this will not happen. Cases of hacking and theft of bitcoins are often described here, but all this happens due to the carelessness of the owners.
Therefore, it is irresponsible to blame anyone for theft. Before investing your money in cryptocurrency, you need to study all the risks, as well as all the ways to protect against these risks. And only then make a decision, as well as be responsible for your bitcoins

4king

newbie

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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/

Topic: Can Your Bitcoin Wallet Be Hacked? How Can You Secure It? - page 9. (Read 1621 times)