There are many fraudsters in the Crypto market and many hackers want to attack the trading floors to make money from it. So we should not put too much money on the trading floors, split up and put in different wallets.
Besides that, scammers are very much and you should not make deals with strangers.
Topic: How safe is Bitcoin? ✅ - page 25. (Read 7306 times)
By my understanding, Bitcoin uses SHA-256 as a cryptographic technique for encrypted, and if someone wants to break this encryption, maybe it a very very long time.
But I just want to raise a question: What if the quantum computing once mature, and is it BItcoin safe anymore? Since the quantum computing power can break the SHA-256 encryption with very fast.
But I just want to raise a question: What if the quantum computing once mature, and is it BItcoin safe anymore? Since the quantum computing power can break the SHA-256 encryption with very fast.
Bitcoin has no such safety net. If your Bitcoins are lost or stolen, there's no intermediary with the power to make you whole. There are two basic ways to hold Bitcoins. You can participate in the Bitcoin network yourself, storing the keys to your Bitcoins in a wallet stored on your hard drive.
Yeah all levels of security will depend on yourself. how do you manage your bitcoin. if you choose to use hardware wallet it would be much safer. but if you use the exchange as your wallet its would be high risk. you know how to secure and which is safer
Be careful when making a decision to buy or sell any bitcoin you have. A wrong decision will go very far
invest heavily in and wait for prices to rise to make a profit. Do not panic because you do not make money
bitcoin would be one of the most secure currencies available. the onky risk you would have is its value going below its normal which is based on your country or hackers that would try to access your account and steal your coins. the first condition cannot be prevented but the latter is basically based on how you protect your data and account so in totality it is really safe.
Well its really major problem on how we store our bitcoins. I do think the most think that you can do is store it on hard wallet and also dont let anyone know your private key and also remember to not open any kind of supicious site, cause it might be turn out as phising site.
it is the best to secure your accounts specially with passwords that dont have dictionary meaning, it would also be nice to have numbers and alternating caps on it, that way one can reduce the risk of hackers trying to brute force your password. the only remaining attacks that is possible are false emails or if someone have the access to your information. that makes bitcoin if not the most, one of the most secure currencies present.
Bitcoin is one of the safest investment one can ever venture because the decentralized nature of it allows its users or holders to have absolute control over its transactions hence the total security of Bitcoin in a particular wallet lies in the care of the holder of that wallet. It is all about how safe a wallet holder keeps the login details to a wallet.
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?
I think bitcoin is not as safe as we thought, bitcoin prices are fluctuating and unstable, after rebounding to $ 8500 then the bitcoin price now drops to $ 7500 and are still downward adjustment. You can see that investors are starting to panic and start divesting, so I believe that at this time the bitcoin bubble has broken. 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?
From my personal point of view, we should buy Ledger Nano S cold storage to store our bitcoin numbers. I feel that all trading floors have holes. We should not put our money on it, very unsafe. We should spend $ 150 to buy a cool purse Ledger so we do not have to worry about our money. The security level is very high. 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?
I think it is secured well, and we don't need to feel anything, I might be this blockchain technology is Rich and well developed. I haven't heard about any case when Bitcoin was not secure, so I think it is secured well, and we don't need to feel anything, I might be this blockchain technology is Rich and well developed.
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?
The best choice is hardware wallets. Their price is justified by your calmness and confidence that you will not lose your bitcoins. Hardware wallets are the most reliable. Hardware wallets are separate devices designed exclusively for the safe storage of crypto currency. They connect to the computer only for operations with crypto currency. They have a built-in secure processor. You do not need to enter your private key every time, just a pin code is enough. Even if such a device breaks or is lost, you can restore access to your currency on the new device with the help of the phrase-pass that you get when you first use 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?
Bitcoin has no such safety net. If your Bitcoins are lost or stolen, there's no intermediary with the power to make you whole. There are two basic ways to hold Bitcoins. You can participate in the Bitcoin network yourself, storing the keys to your Bitcoins in a wallet stored on your hard drive.
I think the best way to make secure bitcoin is thorough and very careful in maintaining the private key, do not just any paste in public place, essentially we must be careful and should not be careless.
use hardware wallets like ledger or trezor and also don't install anything that you are unsure on your computer because there is a possible virus that is implanted. don't also go to any website and don't open emails that is spam to you for your safety
Bitcoin is as safe as safe computers that used to keep the wallet and to make transactions. It means that if you follow the rules, you will have safe bitcoin and if you use pirate software, visit fraudulent sites, you will have more risk to be hacked.
Yes bitcoin is safe but it is still depends on you, on how you secure your wallet in order to keep your bitcoin away from hackers. You must provide privacy lock and do not let others to know about it. The best way to keep your bitcoins safe, is to use a hardware wallet and I think storing your coins offline will be better. If you store your coins in exchanges you are most likely to lose them, because exchanges receive the most cyber attacks.
Certainly, hardware wallets is more reliable. Because, you save it in offline mode and it is hard to reach.
It is not a good step to keep the money at the centralized exchange. I don't even think about cyber attacks. If hackers can attack the exchange which earned the reputation of people, they can steal your coins easily. The bad thing is centralized exchanges can block your money when they want and they never give you your private key.
bitcoin using decentralized data security system. The server is divided into sections. If one gets hacked another server is still working. While the data is still safe, not attacked by malware, "
As long as you are always protecting your private keys and your entire wallet software, then there is no way that it can not be safe at all, so it is all upto you to be honest
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