Topic: How safe is Bitcoin? ✅ - page 34. (Read 7291 times)
As a decentralized currency, Bitcoin isn’t controlled by anyone. It’s open so that anyone can benefit from it. You might think that the lack of control could mean chaos, but that’s not true at all. That’s because Blockchain, the technology behind Bitcoin is one of the most accurate and secure systems ever created.
The BTC is now at an unprecedented level of computational power, and if you ask about the security of the BTC, it currently costs billions of dollars to attack a BTC network.
Well, i am sure that the bitcoin is safe because in a long period of time the bitcoin is many investors who trust on it and also having that there are many ways to make your bitcoin safe from your wallet just ignore those who pump up that you are not aware when you opening your bitcoin wallet.
I save my coin bitcoin in online wallet. and I still doubt my bitcoin security. so I thaw my bitcoin kr my personal account .
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?
Do not over-trust online services offering your services to save your coins. They are certainly convenient, but we must remember that any service can be hacked, if before that it just does not cease to exist, leaving you without money. Of course storing Bitcoins in your own offline wallet is somewhat more complicated, but also safer.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?
Do not over-trust online services offering your services to save your coins. They are certainly convenient, but we must remember that any service can be hacked, if before that it just does not cease to exist, leaving you without money. Of course storing Bitcoins in your own offline wallet is somewhat more complicated, but also safer. 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's hard to put words into words, but if you invest in them you will find the benefits of the BTC more secure than any other coin, and they can also be profitable for you.
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.
Agree with your comments. I rarely let Bitcoin in the wallet on the big exchange. So many hackers have always hacked recent exchanges like Binance, so I switched my Bitcoin on the hardware wallet.If you store your coins in exchanges you are most likely to lose them, because exchanges receive the most cyber attacks.
for us the investment in krypto is also really safe that you can do, karen krypto one of them a good investment and safe in the future.
I only remember the password for my wallet and I did not save it to my computer. Careful is the best way to ensure that you are safe even if it is a paper or online wallet or hardware. That's not a problem with bitcoin at all it is doing well considering it's design purpose so we may need to be more cared for when using third-party services that will help avoid the Such a problem
Bitcoin is not completely safe so my advice is that to be safest, you should use hardware wallet .
With the increasing usage the safety and security of cryptocurrency gets better. This is all because of the demand, and I prefer the growth it provides than the security. Because, with each and every form of earning there is risk. We're supposed to come out of it overcoming the difficulties.
My bitcoin is safe as always in my online wallet, i additionally cerebrate that it maybe purloined or hacked sometimes that is why i don't put it in just one account, i cashout some of my bitcoin and the other i put in my alternative bitcoin wallet withal and i install antivirus and spyware to my pc for the best extra precautions.
If your amounts held of Bitcoin are low it's ok to use everytime an online wallet, but if you have more Bitcoins or in future you can choose a safer wallet like a desktop wallet. Exodus is a good one. Easy to install and to use. And the best thing is, you are the owner of the private keys, not the exchange. 
My bitcoin is safe as always in my online wallet, i additionally cerebrate that it maybe purloined or hacked sometimes that is why i don't put it in just one account, i cashout some of my bitcoin and the other i put in my alternative bitcoin wallet withal and i install antivirus and spyware to my pc for the best extra precautions.
taking extra action had to be necessary because we do not know the hacker would attack our wallet, so better anticipation beforehand than it's too late
My bitcoin is safe as always in my online wallet, i additionally cerebrate that it maybe purloined or hacked sometimes that is why i don't put it in just one account, i cashout some of my bitcoin and the other i put in my alternative bitcoin wallet withal and i install antivirus and spyware to my pc for the best extra precautions.
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?
You can see that every bitcoin transaction is an absolute anonymous transaction and very quickly, so your bitcoin trading will be absolutely confidential, there will be no leak of your information. This is an advantage but also a challenge for us to be able to control bitcoin. You can see that very few countries in the world agree and allow bitcoin trading legally. 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 security of Bitcoin is powered by the Blockchain technology. The decentralization and distribution of the publive ledger -'Bitcoin' makes it very safe and impossible to be tampered with.
I agree with you . The blockchain system is highly secure. Nowadays, businesses in the world are trying to apply blockchain technology to their industry.
The security of Bitcoin is powered by the Blockchain technology. The decentralization and distribution of the publive ledger -'Bitcoin' makes it very safe and impossible to be tampered with.
I think that Bitcoin has a strong secure system so I hope it's very hard to hack BTC but hackers always can find weak places in people's wallets. So people should be very careful with their private keys and other information
When you talk of hacking, any coin at all has the risk of being hacked not even our bitcoin. It depends on the platform on which they are saved. For best storage, I suggest using a hardware wallet like the bitcoincore and the latest can always be downloaded on bitcointalk here.
Agree with the others. To keep your Bitcoin safe, better get a cryptocurrency wallet and transfer the majority of your assets there. Don't keep it within any exchange.
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