Bitcoin and the other digital currencies remain a sought-after target for cybersecurity criminals because they can easily hide their tracks and remain unregulated by a central bank or a government. Since cryptocurrencies are not backed by a physical commodity, investors who have been hacked lack any legal or criminal recourse.
One of the largest issues is that the criminals are hard to catch since they are anonymous and the heists are prolific. As the number of initial coin offerings (ICOs) have risen, the incidences of hacks into the exchanges such as Coinbase or the personal wallets have mirrored them.
Topic: How safe is Bitcoin? ✅ - page 21. (Read 7306 times)
I have not heard of any case where Bitcoin is not secure, so I think it's secure, and we do not need to feel anything.
Bitcoin is very safe
Why i said so is because of its decentralized structure that makes it hard for manipulation.
Why i said so is because of its decentralized structure that makes it hard for manipulation.
Yes Bitcoin itself is save as the PENTAGON.
But your own bitcoin might not be save of you're careless with it. Storing your bitcoin on exchanges wallet is quite not save because they're most often time attached by cyber attacks but rather storing your bitcoin in bitcoin blockchain or rather hard wallet is advised.
But your own bitcoin might not be save of you're careless with it. Storing your bitcoin on exchanges wallet is quite not save because they're most often time attached by cyber attacks but rather storing your bitcoin in bitcoin blockchain or rather hard wallet is advised.
Bitcoin is safe invesments are not it is always at risk ,So only risktaker can invest on crypto we should be aware on the consequences upon investing or trading.
Bitcoin is safe actually. There are hackers and scammers that are trying to access your accounts and to transfer your wallets to other wallets. You must need to secure your account or else it will be hacked and you will suffer on it. Try to use backup email address that will able you to recover your account and wallet in case that it is hacked. You can add also your phone numbers in case of emergency. Avoid clicking phising sites or unsecured sites.
Bitcoin is safe invesments are not it is always at risk ,So only risktaker can invest on crypto we should be aware on the consequences upon investing or trading.
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?
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?
very very safe for me, because I feel the storage of my bitcoin wallet is very neat and safe.
Recognized or not, the Bitcoin fever is sweeping the world. Cryptocurrency that is decentralized and not regulated or guaranteed by the central authority is widely used for transactions in various countries. To be able to spend Bitcoin, the owner needs a special line of code called "private key". This line of code is stored in a "wallet" or digital wallet. When it will be used, the owner accesses the code and uses it for transactions. The private key can be stored locally on the computer or printed with the printer. The problem arises because this line of code can be stolen or lost. If that happens, all Bitcoin associated with the private key will disappear forever from the owner's hand. Cases like this have occurred in recent months.
Well, there are many ways to make the bitcoin safe and for me it depends on the users how they can make their wallet safe,and base on my experience, i lost some of my token because I am not aware on some site that don't need to open and lesson learned, if we are not aware we don't need to click it immediately.
There are several security measures to securing and guiding your bitcoin wallet. One of the best way is to get hardware wallet, leave your bitcoin to grow for more than 5years and then it will turn a boom.
Bitcoin uses anonymity, this is already a big plus for most people, since they feel independent of the government. And the security issue is, first of all, personal actions that must be done by everyone individually for themselves.
I think it depends on person how they secure it but basically online wallets and desktop wallet are bad for security if you are keeping lots of Bitcoin then hardware wallet are the best option and always secure your account with 2fa to avoid any hacks or loss of funds you have in the exchange.
Yes, bitcoin is safe as every wallet has its own private keys and no one can have access of it. There is no third person to keep any sort of check so there is no point of any fraud or dishonesty. Hacking of bitcoin account is also not possible. Transactions made are also totally secured. So it can be concluded that bitcoin is safe overall.
I think we should split the bitcoin and put it in many wallets. if you have a lot of bitcoin. You should store them in a hardware wallet. Limit log on online wallets when there is no such use. Not using public Wi-Fi networks is very vulnerable to hacker attacks.
I install antivirus for the best extra precaution.because my bitcoin is safe in my online wallet.
And how do you know that your antivirus is reliable? I have Kasper installed in my system, as I don't trust any other anti-virus software. And I would advice everyone to avoid McAfee antivirus like plague.
I think it is safe just if you careful about your bitcoin wallet. If you don't share or lose your privet key then your bitcoin is safe. Nobody can hacked your wallet. If you so much wrried then you can use hardware wallet. Its very safe.
Use a hardware wallet or paper wallet. This way people cannot hack your account.
With Bitcoin, if you hold your own private keys, you are in control of your own money. Nobody can freeze your "account". But you are responsible for your own security.I guess it comes down to whether you trust paypal or yourself more. Sadly for most people the answer is probably that they trust paypal more than themselves to keep their money safe and accessible.
I think bitcoin is very risky, if you are not careful or you make a mistake you can lose your coin in an instant
You can be sure that the safety of your bitcoins is 100% guaranteed. For the secure storage of access keys to accounts, years-proven cryptography with the division into public and private keys is used.
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