Topic: How safe is Bitcoin? ✅ - page 12. (Read 7215 times)
As safe as blockchain technology
Latest news today, Russia is to set rules to criminalize cryptocurrency on specific transactions related to criminality. There are reports where cryptocurrency is used as payment to drug syndicates. So how safe is bitcoin now?
When we talk about bitcoin, it is talking with a large about of money that is why many become interested in this and also many form of fraud are being establish in order to stole bitcoin to other person. Bitcoin is safe but the holders should be responsible for tge security of this. Many forms of stealing are used like phising emails, signing to untrusted websites that says that they giving free bitcoins but they will get your personal info to get access to your account. We should be careful on choosing what sites we are entering.
It is secured and you don't have to worry that much about hacking for as long as you have securely accessed your account and did not visit sites that could be phishing your account. The risk that I think which is really getting into every investors mind is the volatility of coin which could really create loses.
Bitcoin is well known for its safety. The biggest dangers are mainly hacker attacks on third party services, through which one accesses his bitcoins. These are above all the various crypto exchanges on which the users have created accounts or the bitcoins stored locally in wallets.
Basically, either the exchange itself is directly attacked, so that data can be stolen there. The biggest known incident was the hacker attack on Mt.Gox about 4 years ago, when a huge hack of Bitcoins was looted. This was also the reason for the decrease of Bitcoins 2014.
Today, the exchanges have improved to prevent such occurrences, because it can come to hacks and the trade is severely restricted or even stopped completely. This often leads to strong price fluctuations, mainly caused by so-called panic sells.
An equally large attack surface offer individual mistakes that can easily be prevented. Individual mistakes are the responsibility of individual users and are often:
- insufficiently secured user accounts due to weak passwords
- Login on a phishing site
- send the private keys to a scammer
If a stranger has once gained access to your own accounts, he can quickly transfer the entire balance to another wallet and due to the anonymity, it is no longer clearly comprehensible. For such a kind of total loss helps therefore only a careful handling with your personal user data.
But as long as you follow to the usual security rules and pay attention to secure passwords, which you should also change from time to time and do not use the same password on many other pages, an accident normally cannot happen.
The high demand and high competition between exchanges has also contributed to the improvement of safety standards.
How make you sure to safe your Bitcoins?
Bitcoin is safe if we know how to keep it:Basically, either the exchange itself is directly attacked, so that data can be stolen there. The biggest known incident was the hacker attack on Mt.Gox about 4 years ago, when a huge hack of Bitcoins was looted. This was also the reason for the decrease of Bitcoins 2014.
Today, the exchanges have improved to prevent such occurrences, because it can come to hacks and the trade is severely restricted or even stopped completely. This often leads to strong price fluctuations, mainly caused by so-called panic sells.
An equally large attack surface offer individual mistakes that can easily be prevented. Individual mistakes are the responsibility of individual users and are often:
- insufficiently secured user accounts due to weak passwords
- Login on a phishing site
- send the private keys to a scammer
If a stranger has once gained access to your own accounts, he can quickly transfer the entire balance to another wallet and due to the anonymity, it is no longer clearly comprehensible. For such a kind of total loss helps therefore only a careful handling with your personal user data.
But as long as you follow to the usual security rules and pay attention to secure passwords, which you should also change from time to time and do not use the same password on many other pages, an accident normally cannot happen.
The high demand and high competition between exchanges has also contributed to the improvement of safety standards.
How make you sure to safe your Bitcoins?
- Never disclose personal passwords to others, save them where no one else knows and obtain this key.
- Do not leave many bitcoin on the exchange because it is easy to be hacker attack to take away many assets, only to a few when the trade
Bitcoin already improved in terms of security or against fraudster. So its up to you if you will scammed or hacked by someone for being irresponsible or careless. In this market you should not trust anyone, make sure that you are the only one who knew your private keys. Keep it where no one can access it. You can use hard wallet or any upgraded folder.
The safety of Bitcoin lies in the care of the holder of particular wallet. Remember, this is decentralization and there is no central authoritative body in control of Bitcoin. Keep your login details safe from hackers and phisphing by avoiding the saving of details in your email.
As well agree on it we should be able to take more on the responsibilty of what we can be able to do for like more secure on what we do here cause there is a possibility for hackers that they can do on like on some previuos cases of victim for their clumsyness here so safetiness are depends on the person .
The safety of Bitcoin lies in the care of the holder of particular wallet. Remember, this is decentralization and there is no central authoritative body in control of Bitcoin. Keep your login details safe from hackers and phisphing by avoiding the saving of details in your email.
I think Bitcoin wallet already safe, but main problem is human errors that make their wallet information exposed, in the end they will lost their wallets.
I think bitcoin is very safe because all the transactions can be seen by everyone and when shipping all uses very large peer to peer technology so it will be very difficult to do theft on bitcoin because everything is open and everyone can see it.
Individuals can keep your bitcoin on online wallet and on offline wallet. In any case, you should keep your private to a sheltered place with the goal that nobody stealth or hack your wallet. Your bitcoin is sheltered as long you keep it in a protected place. Besides, you can make your wallet more secure by simply introducing antivirus and spyware so you can guarantee your wallet is absolutely sheltered.
We can use hard wallet. then you can safe bitcoin. It's my option.
bitcoin is very safe because it use the blockchain system that right now is the best platform that i know from the security, the weak part is int he user, how they save their private key and password and activity in the internet is the weak part, there are many phising site and anything else that makes their bitcoin gone stolen by thief
there is a cold wallet technology that allows you not to be afraid of phishing site. bitcoin with the right organization is safe, but the loss is always possible due to the human factor. 
bitcoin is very safe because it use the blockchain system that right now is the best platform that i know from the security, the weak part is int he user, how they save their private key and password and activity in the internet is the weak part, there are many phising site and anything else that makes their bitcoin gone stolen by thief
I think bitcoin is also safe for us to survive in the long run, because bitcoin is also a positive investment for everyone, so we also believe that bitcoin is also very safe.
Very good and interesting all this information.
The basic rule of security of storing your assets is to use cold wallets that must be on a separate hard drive without access to the Internet
Yes, now is the time to save bitcoin because it will start to grow and you will be in a bigger plus, so now you have to save it)
Bitcoin is safe. but you need to remember a few things
- use offline wallet (despite that online is more convenient)
- keep the keys to your wallet in a safe place
- make a backup of your wallet and key and keep it in a protected place
- use offline wallet (despite that online is more convenient)
- keep the keys to your wallet in a safe place
- make a backup of your wallet and key and keep it in a protected place
Bitcoin is safe you you want to make it safe by keeping your bitcoin in reputable wallet and not leaving your coins on the exchanges, otherwise hackers will be able to have access to your coins and transfer everything you have. So the choice to make bitcoin safe or unsafe is that of the users.
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