Topic: How safe is Bitcoin? ✅ - page 23. (Read 7306 times)
Everyday, cryptocurrency is getting safer and safer with each mistakes and hacks being analyzed and better protection is being developed. Too bad that other exchangers needs to be hacked first before we learn from it though.
It's how safe the user is. If you follow the rules and use a clear mind, you'll be safe.
Bitcoin is an international platform. And it's absolutely safe. But in this forum, the work is completely online. Because of this there is fear of hacking in it. But some companies are working to make Bitcoin more secure.
They are different ways of saving bitcoin, which can be wall secure, by using Blockchain wallet, secondly bitcoin is a digital asset which every one need to secure by using a strong password.
I do not think bitcoin is safe, except for hackers. Many hackers now have the crypto attacked. not only bitcoin their attack but also different coins and even tokens.
If everyone will just follow the basic rules and regulation of bitcoin, everything will become safe. If everyone will not become so much wanting to have a lot of money, then it will be safe. The reason why many of us are thinking that it is not safe, it is because many people are saying that they scammed by someone and I think the reason why they scammed is because they are asking for so much money.
I use a blockchain wallet on my phone to store my BTC. I find it pretty good. I will keep it for the long term and only take profits next year. I consider it an asset 
I think every type of precious commodity needs some kind of protection. So is the case with our hard-earned Bitcoin. Bitcoin security has become a major concern for many of us. People are always worried that their coins might not be exposed to the risk of hackers or being stolen by someone. So it's always better to use some of the leading wallets to store our coins. Bitcoin is practically safe as long as we know the precautions before accessing our Bitcoin and transact with people we know.
Although there are safe wallets that are introduce to keep our wallats safe but still we don't how safe it is because there a still complaints from some investors of the hacking incidents of using wallets that they think safe to use.
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?
For me i can assure that bitcoin is safe. It is more safer than banks because banks can be hold up destroyed by calamity can also steal but not like bitcoin it us more safer because it is safer. Nothing can hacked you account because its security system is more on personal only..it only you between you and bitcoin. So that nothing can get your account.. you can only scamed when the bounty manager or we must say the blockchain manegers can get away all the tokens invertments but aside from that you can start up again. 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 is always best to ask ourself: in regard to what.
So to compare it, on it's own it is not possible to determine weather smth is safe or not.
So to compare it, on it's own it is not possible to determine weather smth is safe or not.
I think every type of precious commodity needs some kind of protection. So is the case with our hard-earned Bitcoin. Bitcoin security has become a major concern for many of us. People are always worried that their coins might not be exposed to the risk of hackers or being stolen by someone. So it's always better to use some of the leading wallets to store our coins. Bitcoin is practically safe as long as we know the precautions before accessing our Bitcoin and transact with people we know.
It's perfectly safe, because I have not heard of any case about insecure bitcoins because they're well secured and right and blockchain technology is growing well, so for big investors there's cold storage, the safest.
The following are the Best option available as per the Internet and you will also see my answer to those
1. If you are using Hardware Wallet - Safe until you loose the wallet or the Private Key
2. If you are using Paper Wallet - Safe, until you forget where you kept it or loose the paper
3. Desktop Wallet - Safe. until your desktop is compromised. For ex: spyware, malware or virus/
4. Smartphone Wallet - Safe, until you loose it
So, What is the Safest way?
It depends on you if you keep cash and jewels safe in your pocession or in your House. You can do the same for any Wallets stated here.
1. If you are using Hardware Wallet - Safe until you loose the wallet or the Private Key
2. If you are using Paper Wallet - Safe, until you forget where you kept it or loose the paper
3. Desktop Wallet - Safe. until your desktop is compromised. For ex: spyware, malware or virus/
4. Smartphone Wallet - Safe, until you loose it
So, What is the Safest way?
It depends on you if you keep cash and jewels safe in your pocession or in your House. You can do the same for any Wallets stated here.
We know that bitcoin is a purely digital currency but it can be kept secure in analog form. Paper wallets can be used to store bitcoins offline, which significantly decreases the chances of the cryptocurrency being stolen by hackers. So the blockchain is perhaps the main technological innovation of Bitcoin that made to protect and safeguardthe bitcoin.
Bitcoin in general is very volatile making it unpredictable. For some it's not safe or risky. But specifically, your bitcoin is only as safe as you educate yourself about it. Educate yourself more to minimize the risk.
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 may be known for its safeness but the thing is that you are the one who gets to decide if your bitcoin will be safe on your belonging. You need to find a good storage for your bitcoin so that it will be safe for sure and to make sure that everything will be fine. If you are going to be careless, you should not expect much from bitcoin's security. 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 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?
Save your private keys and addresses in a secure place. Write it in a piece of paper or print it out just to make sure. Also, be wary of weird url addresses to avoid getting scammed. Make sure to check legitimate wallet addresses to avoid losing coins or tokens.
Bitcoin itself is very secure. I can't remember a single case when people taking advantage of the vulnerabilities of Bitcoin, stolen coins. Also, I can not remember not one case when because of a bug in the Bitcoin code (in the code of the Bitcoin!), people lost or frozen their coins accidentally (because of the bug, not because of human negligence). I can't say the same thing, for example, about Ethereum. Most of the fraud associated with Bitcoin occurred due to the imperfection of the code and all kinds of vulnerabilities of Bitcoin storage location: wallets and exchanges. And the remaining part of the fraud associated with Bitcoin took place on human stupidity and negligent attitude. My advice: carefully choose the place of storage of their Bitcoins. Do not keep all your Bitcoins on the exchange. Follow all the latest news. Don't let the scammers fool you.
Bitcoin is very safe for me, if you know how to keep it securly ofcourse. There are many ways that you can keep safe your cryptos. First of all you need to understand the progress and the securty level. I don't think that some one would never loose his bitcoins with knowing the security protocols, that is impossible.
Yeah if we are aware of the things to be needed for the secure storing of bitcoin we can never lose it. Bitcoin is safe, the people that uses it and store it are the ones who are not taking care of their holdings.
I think that already enough tools have been invented so that you can secure your bitcoin and crypto-currency in general, try not to keep your bitcoin on the stock exchange and transfer it to a purse and have two-factor protection.
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