Bitcoin is not safe. It's at risk.
With proper education and proper storage system to keep your bitcoin safe, your funds are safe (if not more secure) using other financial channels.
Topic: How safe is Bitcoin? ✅ - page 20. (Read 7306 times)
The lack of security has raised concerns about the risk of owning these virtual currencies as hackers continue to breach the exchanges, forcing one bitcoin exchange in South Korea, Youbit, to file for bankruptcy
Talking about security and maintaining security, Bitcoin is safe as long as we know how to maintain our credentials, account details, private keys and personal data to be safe. Personally I have to say the choice of online wallets and hardware wallets. But don't forget this hacker always tries to try to hack your wallet. So you can save your wallet as you like it, actually I have to suggest don't click on anyone's link to share you other people and don't click the wrong link.
Regular backups of a bitcoin wallet are essential to protect against computer failure, theft and human error, but never store them online, especially if the backup is not encrypted. Finally, always use the latest version of bitcoin software, and use a password that is at least 16 characters long.
In discussing security and safe guarding Bitcoin is the length of we know how to keep our accreditations, accounts points of interest, private keys and individual information to be sheltered. Our numbness won't be a reason on the off chance that we won't guarantee the security of our Bitcoin yet in discussing how safe is Bitcoin as ventures then I could state there is no certification of the wellbeing becauase it is extremely hazardous extraordinarily now that the cost is continually fluctuating so better reconsider before joining.
I think bitcoin has quite a bit of runway left. It is still here to stay and the future of crypto will be many cryptos, not just one
The best way to keep your bitcoins safe, is to use a hardware wallet that have stronger cryptography that web wallets.
If you store your coins in exchanges you are most likely to lose them, because exchanges receive the most cyber attacks.
If you store your coins in exchanges you are most likely to lose them, because exchanges receive the most cyber attacks.
yap I agree with this ... the treasure must be properly guarded
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?
In my opinion, I think bitcoin's safety relies on your hand. You have all the power and the rights to do whatever you want to do with your bitcoin and if you are going to be careless and irresponsible with it, you might put your bitcoin into the risk of being stealed. You should find a good storage so that you don't have to worry anymore about having it stolen by somebody. 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?
it seems to me that bitcoin does not carry anything harmful to our society, I'm very attracted to the fact that we can remain invisible to the state, that we can not afeshire with our own means, that they can be uncontrollable from people who want to cash in on them.
There has been a lot of topics about securing your Bitcoin but I think the most proven thing that a person could do to secure his/her Bitcoin is to stash it into a hardware wallet. Hardware wallets are the best because the only person who could access the wallet is only the person who owns it. No other hackers could get into it and no way that a thief could by pass it. The only for it to be expose is for the owner to tell its password or its private key. So get a hardware wallet and secure your Bitcoin.
if in my opinion bitcoin if in say safe also still not 100% gan. because sometimes there are still traps. or app or and blue can then cause the more assets we have to get lost in a short time
of course bitcoin is very safe because if it is not safe then no one will invest here and the most important thing is if we become aware then no one can harm us.
Bitcoin is most secure in case you put in a tough wallet. The way you cope with and preserve your bitcoin secure is a huge aspect to. research and get to recognise the way to save you losing your Bitcoin due to the fact the internet is a very unstable area.
Bitcoin is the safest investment among all the cryptic currencies. But it can be dangerous due to lack of security. Everyone don't know to keep their wallet safe and that's why they fall in the hands of hackers. Otherwise it is a rare case of loosing bitcoin. So whenever you invest in business must know to keep it safe.
The best way to keep your bitcoins safe, is to use a hardware wallet that have stronger cryptography that web wallets.
If you store your coins in exchanges you are most likely to lose them, because exchanges receive the most cyber attacks.
If you store your coins in exchanges you are most likely to lose them, because exchanges receive the most cyber attacks.
i think so, there are so much hacker who will hack any exchanges that have so much assets
The Blockchain transaction system is very safe, but all responsibilities are borne by the user, so the point of insecurity is personal responsibility, in this case cyber criminals look stronger because they move anonymously, this is still an important problem if bitcoin wants to be considered a legitimate payment instrument . no institution is responsible for the flow of individual transaction funds after confirmation.
First, no investment is “safe.” Companies can fail, interest rates can change, credit ratings can tank, regulations can shift and demand can drop off all before the sun sets today. Second, the price of bitcoin is extremely volatile. Volatility begets risk, and “risky” is the opposite of “safe.”with all these I think its not 100% safe
Not totally safe. But the safer than others.
Btc took place in the world's one of the safest currency.
While bitcoin is not exactly nascent, there have been leaps and bounds in the crypto world ever since its inception. Unfortunately, because the technology is still evolving many are the hidden, unknown and yet to be discovered challenges or harmful tendencies that may be exploited to ruin people. However, it is usually the duty of the holder to make sure thereare safety measures set to protect the user from invaders and attacks on their wallets, especially when online- like using a metamesk additional protection. Never access your wallets from a public computer. Never use weak or traceable passwords. Avoid using passwords that have links to your birthday, anniversary or events about you. Never, ever, click on unsolicited mails. Its very dangerous. Bookmark your trusted sites. When these precautions are dutifully observed, more often than not, you are protected by over 95%. Stay safe and bitcoin will be as safe as keeping your transactions with your bank safe and private.
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