Topic: How safe is Bitcoin? ✅ - page 4. (Read 7306 times)

We have hardware wallets not because bitcoin is unsafe, but because the computers we need to access the internet are unsafe.

Once you transferred your Bitcoin (or any other cryptocurrency) to your hardware wallet remember to keep it safe, including the 24 words recovery passphrase that would allow you to access your funds in case you forget your PIN or lose your hard wallet. Now that you have your private keys under your control it would be very hard for someone to steal them, however be careful because should you lose them, there is no one that could help you to recover your Bitcoins.

Because Bitcoin has seen so many ups and downs in its journey, It has only become stronger and has managed to survive. It guarantees to remain in the Crypto environment forever and thus I think it is safe. With years to come it will gain its value back and people who have invested will again double or triple their money.

Actually sometimes it's not the exchange itself that gets hacked. Sometimes it's only your account in particular. Since there are bitcoins that are in online places such as web wallets, exchanges, and gambling sites even, you have to use different unique password for each account. Make sure that your email account has the hardest password and where you're saving your spreadsheet for your passwords can't easily be found. Reason being is that once your email account is hacked, the hacker can just use "Forgot Password" in order to gain access to your web wallet, exchange, and gambling site or wherever you signed up that has money involved. Your email is pretty much the heart of all your accounts so you might want to use different emails as well although that will require a bit of work. But sometimes an additional work is nothing if you're trying to be secure.

I just want to add that it boils down in the measurements that the user has gone through in order to make their password and wallet safe. What you're doing irl is also important. You can be so secure on the net against hackers by installing anti-virus and doing what I just said, but still get hacked because the paper where you wrote your wallet seed is placed somewhere where it can easily be seen.

It's different with keeping your fiat money safe in the sense that people have more chances of getting your bitcoins if they had the chance simply because you have no way of tracing the transaction and finding out that it's them unless they are stupid and used their known bitcoin wallet as the receiver of the funds.

Interestingly this is as same as how you keep your fiat currencies safe. There are several ways to keep bitcoin. For example software wallets, online wallets, desktop wallets and paper wallets etc. and some people stores bitcoin in exchanges also. So what are the risks for the bitcoin?
Exchanges are normally hacked by hackers and they can take bitcoin from thise wallets and therefore exchange wallets are the ones which are at the higher risk. Out of thw fore mentioned methods, hardware wallets are the more secure ones as the hackers can never hack your hardware with internet

there are a lot of ways to ensure the safety of your coins, there are lots of different wallet that offers high level of security too. but for the basic part of it make sure you have you password hidden that no one could access it, make sure that you have different characters in your password and if possible try to avoid using words found in dictionaries.

Bitcoin is gotten through a mining procedure, where Bitcoin exchanges are affirmed on the Blockchain. It is private and its has many procedure to anchored your record, the trades are in like manner irreversible

I think bitcoin is very safe because bitcoin is use the blockchain system that we know the safest system right now, and I think that bitcoin is the great digital currencies, its use the private key only, there are no people in the world that know about your private key. so its very safe.

I think that bitcoin itself has no security problems, but its storage can become your weak point. Therefore, before buying bitcoin, carefully study the issue of storage and choose the best one for you.

Bitcoin is safe for me why? Bitcoin is private and its has many process to secured your account . At first i dont believe that bitcoin is safe because there's so many scammer but one day my family trust bitcoin and they're proved to me that bitcoin is safe.

Well not all the time it will be safe as many of hackers already made virus that can steal private keys, aside from securing it we also need to secure devices we use to secure it.

Bitcoin is obtained through a mining process, where Bitcoin transactions are confirmed on the Blockchain. Mining requires a lot of energy, expensive tools, and a large initial capital. Bitcoin mining investment then arises because of these needs, and many users can invest in the mining scheme to get a percentage of the mining results later.

There are several genuine and trusted Bitcoin mining schemes, but more mining fraud than the original mining scheme. It is difficult for investors to confirm the existence of mining equipment (or whether they actually do mining), and many websites say they are actually mining only to take investors' funds, provide high profits for a while, then disappear.

Majority of exchanges and wallets have developed a system that is impervious to hacks.
The safety of your assets is mostly the priority of the holder.
- Protect you private keys.
- Don't keep your assets in a trading exchange when not actively trading
- Avoid opening authorized links and phishing links.

bitcoin will be safe if you can keep your key private, because people can steal coins that you have because of your own mistakes, so you have to be careful and wise in making decisions

It has touched safe because it has nothing to do where and regardless of whom the bitcoin requires giving help and it requires also provide extra income to users of the bitcoin can be super safe.

I think bitcoin is very safe as long as its users are more careful in maintaining their own wallet's private keys and if they are not careful in keeping their bitcoin private keys, then they will lose all the bitcoin they have. bitcoin has stood for a long time and certainly the security level of bitcoin and bitcoin storage places is now stronger and safer.

for security it depends on yourself and how we run it. because with us using it right and always careful then we can avoid the name loss

Good opinion, bitcoin will be safe depending on our own how to store private keys properly and not carelessly by telling or letting other people know the private key except to someone you really trust for an emergency or if something happens to you

As a matter of fact it is exceptionally protected on the grounds that nobody can have the correct address of your bitcoin wallet and all cryptographic money, Bitcoin exchanges are likewise irreversible, so the individuals who unintentionally enter an additional digit when endeavoring to pay for something are up the creek without a paddle. At long last, clients require a private key to get to their bitcoins

My bitcoin is safe and im still holding it even the bitcoin for now is very down but im still hoping for his fast recovery im still have patience to wait and still believing on him . Every crypto user is always keeping their bitcoin safe and every user have their own address in wallet this is prove that bitcoin is safe no regrets .