It's still a chaotic process when it goes to making defenses tight.
But then...
Still safer than banks
Topic: how is cryptocurrency safe? (Read 570 times)
For sure safer than banks
It's still a chaotic process when it goes to making defenses tight.
But then...
Still safer than banks
It's still a chaotic process when it goes to making defenses tight.
But then...
Still safer than banks
Crptocurrency’s are safe, if u don't share yr private key with anyone
Cryptocurrencies are not safe until your wallet and wallet credential are not safe. So keep in mind don't share your private key of secured wallet with any one. don't put your currency into un-secure wallet.
Crypto currencies are far more safer unless you mess up with login details or share it with some one or get with phishing website
Keep your coins in a hardware wallet like Trezor for example.
The price of these devices were going up nearly as fast as transaction fees back in December so I hope they get stuck with them
and are forced to sell them of for under $20 each because that's about all they are worth really and then I might pick one up.
For now I use pen en paper and cheap pen sticks to run Jaxx and Exodus wallets, cheap pen stick is a must have.
The "cryptocurrency" carries some well-known risks—the price could drop precipitously, and scams have been reported. But there's also another, more technological danger: One crashed hard drive or online hacking incident can wipe out an owner's stash of Bitcoin, leaving them with essentially no recourse.
That's because of some basic differences between Bitcoin and a conventional currency such as dollars or Euros. Bitcoin and other cryptocurrencies, such as Litecoin and Ethereum, are wholly digital forms of cash stored in so-called wallets. Like other files, Bitcoin wallets can be stored locally, say on a hard drive stuffed under a mattress, or in the cloud.
And like dollars, Bitcoin can be lost or stolen.
That's because of some basic differences between Bitcoin and a conventional currency such as dollars or Euros. Bitcoin and other cryptocurrencies, such as Litecoin and Ethereum, are wholly digital forms of cash stored in so-called wallets. Like other files, Bitcoin wallets can be stored locally, say on a hard drive stuffed under a mattress, or in the cloud.
And like dollars, Bitcoin can be lost or stolen.
Why no one can track down the hackers who stole around $500million worth of NEM from japanese exchange. how do you keep your cryptocurrency?
Cryptocurrency is safe, and what makes it so is the ability for addresses to change after very transaction, and also you are able to store you balance offline on a hardware wallet to avoid the online ones, online wallets have a 2FA which sends you a verification SMS containing a password each time you or somone logs in from a different IP to your wallet, and if you are keeping your crypto offline than the only way a person could hack you is by sending a virus or a keyloger to your computer.It turns out, if a virus got to the computer and hackers hacked with it my account and brought tokens, then I can not do anything?
How then to secure yourself?
Never leave any significant amount of crypto currency on an exchange. Especially if they aren't ensured. If they get hacked or steal your coins and claim they are hacked you lose. As soon as you make the trade get your coins off the exchange . Keep your coins in a hardware wallet like Trezor for example.
All managers and investors are eager for their cryptocurrency to be safe. Want to be so according to me the most important thing is to control the trading floor in a rational way, each asset one. Stock market is under control; They have strict rules between stocks. Avoid the case of investment fraudulent property. Speculation with counterfeit property will waste the money of investors, while the money can provide funding for valuable engineering projects.
Why no one can track down the hackers who stole around $500million worth of NEM from japanese exchange. how do you keep your cryptocurrency?
Exchange broken has nothing to do with cryptocurrency safety. It is the same as asking how gold is safe after a bang has been robbed. It is better to keep your cryptocurrency in the hard wallet or on a distributed exchange, probably.
Now there are various ways which are adopted by several cryptocurrencies to track the transactions conducted by users. Also, the users are asked to provide KYC details while getting themselves registered. BitNautic is one such ICO that I'm aware of which has a genuine policy of getting their users listed and provides proper security. For further details, you could visit the BitNautic website.
Why no one can track down the hackers who stole around $500million worth of NEM from japanese exchange. how do you keep your cryptocurrency?
Cryptocurrency is safe, and what makes it so is the ability for addresses to change after very transaction, and also you are able to store you balance offline on a hardware wallet to avoid the online ones, online wallets have a 2FA which sends you a verification SMS containing a password each time you or somone logs in from a different IP to your wallet, and if you are keeping your crypto offline than the only way a person could hack you is by sending a virus or a keyloger to your computer.It turns out, if a virus got to the computer and hackers hacked with it my account and brought tokens, then I can not do anything?
How then to secure yourself?
Why no one can track down the hackers who stole around $500million worth of NEM from japanese exchange. how do you keep your cryptocurrency?
Cryptocurrency is safe, and what makes it so is the ability for addresses to change after very transaction, and also you are able to store you balance offline on a hardware wallet to avoid the online ones, online wallets have a 2FA which sends you a verification SMS containing a password each time you or somone logs in from a different IP to your wallet, and if you are keeping your crypto offline than the only way a person could hack you is by sending a virus or a keyloger to your computer. 
Why no one can track down the hackers who stole around $500million worth of NEM from japanese exchange. how do you keep your cryptocurrency?
You cannot compare cryptocurrencies with exchanges. Both have entirely different system of working. Cryptocurrencies can never be hacked, unless an idiot or a careless wallet owner let that happen due his own foolishness. Cryptocurrencies use blockchain technology. Every day new blocks are being added to the blockchain. So if anyone who wants to hack it, he will have to hack all the wallets on the blockchain network which is impossible to do.
This is true, you absolutely cannot trust a wallet you create Online on a centralized exchange service. You can pretty much say with 100% accuracy that if you don't posses and know the private key(s)/mneumonic seed to your wallet, then you do not own the coins that are within that wallet. When you open an account on an exchange, you might give them your info and create a user name and password, but all that doesn't matter on the blockchain... they know your private key to your wallet on there, so therefore they own your coins and you can't access them without the authority of the centralized party.
Think you are somewhat mistaken. The NEM balances are definitely being monitored and there are even some suggestions that they have already started making their moves, though seemingly to random addresses and not sold on exchanges, from sources such as these:
https://www.reuters.com/article/us-japan-cryptocurrency-cybercrime/exclusive-coincheck-hackers-trying-to-move-stolen-cryptocurrency-executive-idUSKBN1FJ28Y
Elliptic, which was engaged to track them down, is probably going to trigger the net and report AFTER these guys are caught.
https://www.reuters.com/article/us-japan-cryptocurrency-cybercrime/exclusive-coincheck-hackers-trying-to-move-stolen-cryptocurrency-executive-idUSKBN1FJ28Y
Elliptic, which was engaged to track them down, is probably going to trigger the net and report AFTER these guys are caught.
This doesn't answer the question of it being a "safe currency" to accept for business transactions or to store wealth. Reason being is that all of the coins that were associated with the crime can/are traced throughout the coins life and carries some taint to them. Sure you can send your coins through mixers, but that is also pretty sketchy and you would have to trust the mixing sites, or the people you are mixing with in the first place... and that doesn't even guarantee you anything because you are probably mixing your coins with other tainted coins.
I'm going to keep an eye on it myself
Anyone talking like Bitcoin is unstoppable is not a trader...they are either a gambler or just a plain fool
I've hear people talking about anonymity with Bitcoin, but now here we have the exact opposite, should they comply
Education is the passport to the future! He who prepares today, owns tomorrow! But remember, Imagination is more important than knowledge. For knowledge is limited, whereas imagination embraces the entire world, stimulating progress, giving birth to evolution.
Anyone talking like Bitcoin is unstoppable is not a trader...they are either a gambler or just a plain fool
I've hear people talking about anonymity with Bitcoin, but now here we have the exact opposite, should they comply
Education is the passport to the future! He who prepares today, owns tomorrow! But remember, Imagination is more important than knowledge. For knowledge is limited, whereas imagination embraces the entire world, stimulating progress, giving birth to evolution.
The safety of cryptocurrency depends on where and how it is stored. Keeping your cryptocurrency in centralized exchange and wallet where you do not have access to your private key is a recipe for hackers to easily have access. The owner of the cryptocurrency have a duty to ensure the safety of his cryptocurrency by ensuring he store or keep Is token or coin in wallet in which only him and him only have full access to the private key. He can do this by storing the cryptocurrency in cold wallet like ledger. He can also hold in decentralized exchanges or paper wallet. In summary the safety of cryptocurrency largely depends on the owner.
Why no one can track down the hackers who stole around $500million worth of NEM from japanese exchange. how do you keep your cryptocurrency?
It should be you who knows how to keep your bitcoins and wallet safe. You must trust a trusted wallet and make surr your bitcoins are in safer place. Technology is widely used and available right now. Many intelligent people can hack if they wanted to. You just have to secure your coins with all your might.
Crypto currencies are safe. As a example when we consider bitcoin, they use block chain technology. In block chain there is a interaction between wallet to wallet and they make a chain. Day by day block achain is become larger. If anyone wants to hack block chain they have to hack all wallet in the world. There is no one could do it.
There is a phrase like that
"Impossible is nothing. It just takes time"
Take Your Own Precaution (TYOP) and leave it to time.
why is it that hackers in japan cannot be trackdown what the used of their it system their?? so it means that some of their govt information are not safe at all or maybe they their is what you called inside job ahahaha anyways all things are impossible especially for those aim is to make someone suffer inorder for them to live will, it is between the good and the evil they will make their own way to make someone's life miserable for now block chain technology is safe and we should hope and pray that they cannot find their way do destroy it..hackers are devilmade
and experiencing a high technology now ohhh keeping my fingers crossed
Thats not the question you should be asking.. It is you that protects his investment and all depends mostly on you. Use 2FA pick passwords longer then 10 digits and dont leave all of your coins in unsafe exchanges and you should be fine
If the bankrupt has been done by the any bank you will loose all the money you have added in your savings account as well but bitcoin saved means that will be remain same in all the places buddy. It go down in sometime but that will not remain same for years of time but bitcoin will grow as the market volume of the bitcoin increases.
If you have banks it will not be controlled by you alone. So you will find the bitcoin keep safer in the desktop, hardware, vaults and paper wallets. This is only can be controlled by no one can touch your wallet unless you have shared or lost the private key and wallet.dat file.
If you have banks it will not be controlled by you alone. So you will find the bitcoin keep safer in the desktop, hardware, vaults and paper wallets. This is only can be controlled by no one can touch your wallet unless you have shared or lost the private key and wallet.dat file.
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