Topic: How safe is Bitcoin? ✅ - page 53. (Read 7306 times)
Been wondering that myself...
Although the bitcoin system is perfect, it is highly secure.
However, this does not mean that our computer operating system is safe enough, so if you pursue security, then hardware wallet is a good choice.
However, this does not mean that our computer operating system is safe enough, so if you pursue security, then hardware wallet is a good choice.
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?
For me bitcoin is so safe because there is no issue that there is someone that being annoyed or lost bitcoin without any valid reason. Actually they said that bitcoin is risky but there is a way to control it or avoid it.
Bitcoin is risky but you can minimize and make it quite safe by protecting your private key well and not sharing it with others and also using a hardware wallet to keep it.
Yah it is risky, because if you lose your private key there is no other way to recover it. But if we talking how safety bitcoin is, will is is secure trough the uses of blockchain. However we also do our part to make it safe.
we cannot assure 100% safety of bitcoin. we just have to be careful and cautious on all our transactions.
I can say about blockchain, as far as we know the robbers and criminals are using it for their filthy purposes, and nobody can not catch them, so I think that big grin is highly secure, because if not they would be caught long time ago.
Bitcoin is risky but you can minimize and make it quite safe by protecting your private key well and not sharing it with others and also using a hardware wallet to keep it.
Bitcoin is safe,secured, but any Bitcoin user's should use a very hard security measure, to keep a wallet safe,but should as well pray for hackers not to think of them..
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?
Most of the people lost their bitcoin wallet for click phishing site and given Pvt key there and another problem using the poor password on the exchanger.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?
But i am using bitcoin different wallet and exchanger because its safe for me I think. If anyone new arrived on crypto world i suggest him using the online wallet with a password t and 2FA variation
As you say, bitcoin in itself is pretty damn secure. The only problem is when you try to keep your funds in a third-party service that is prone to hacks, say exchanges and whatnot. Personally I keep my wallet and wallet files in a separate machine that is never connected to the internet, and thumb drives that I know are pretty secure and encrypt my files once they're loaded in the system. I know that seems to be overcomplicating things since my machine per se is already offline but you can never tell. If you don't have a separate machine, your pc can pretty much handle it though always make sure that you'll encrypt the file before doing something risky and stupid over the internet. 
Bitcoin is safe if it has good intentions.But just like other traditional currencies it can be used for criminal purposes. I can use it as well and scammers. It all depends on the purpose for which we use bitcoin.
Bitcoin is more popular Crypto currency. It's world wide business.Most people earning bitcoin.Day by day it's price Increase.It's careless bitcoin earning for hack.This is bitcoin earning for the safe wallet use.They are bitcoin save Ethereum wallet & Coin base wallet use.Most people 2 site wallet use for safety bitcoin.So I there for it's careful income source.
Bitcoin is a strong as a technology but when it comes to the user point of view, one can always manipulate his actions or take the benefit of his weaknesses in order to steal his money kept in cryptocurrencies. Thus, it is extremely important to take precautions in terms of security while dealing with crypto. In fact, Crypto is all about self-responsibility and when we get benefits from this decentralized network, there is a distribution of responsibilities too and hence safety is our responsibility and it has nothing to do with the Bitcoin as a technology.
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?
Bitcoin can be destroyed by irresponsible Hackers, the theft that happens to make people do not believe in bitcoin and want to leave it because it is unsafe and can be hacked by hackers and make a lot of money loses to the owner. it is very irony, but if in the mind-hackers will lose his income in the world of crypto.
To overcome the problem, I and you should always be careful in doing activities in Crypto world, especially to coin scam or web scam.
we must put the private key in a place that can not be seen by people, do not use the Private key if it does not have to do it and most importantly you must be in good health when doing crpyto world activity.
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
The first mistake that has to do with "insufficiently secured user accounts due to weak passwords" can be anybody's but the other two are mistakes of carelessness and stupidity. Everyone has to make sure you are on the right site before logging in. That's why it's advisable to save the site on home scree or bookmark it. And then the private keys to someone else? That's laughable.- insufficiently secured user accounts due to weak passwords
- Login on a phishing site
- send the private keys to a scammer
People, keep your coins safe. Guard your security.
Bitcoin is risky, there is no such thing as safety in bitcoin anything happen in an blink if an eye, but you can minimize the risk by taking care your private key and other important accounts.
Risky yet secured. Well all things are risky if you are not aware of the possible consequences. But bitcoin inventor se ured bitcoin thru theuse of unique codes that will definitely make wallets sae, well unless you let someone attacked it. But no one ones to happened that, so all we need to do is to prevent those things to happened and do safety precautions.
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 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.
For me your bitcoin will safety if only you can know your private key because its hard to open the wallet because of the combination of private key so that its hard to hack but we canot say 100% full of safety because many hackers in this world so for me its good if you have many wallet and your bitcoin will devided in every wallet so that if your wallet will hack your all bitcoin will not hack.
it is also depends on the user if it is careless or slovenly about their information and security well that user need to orient about safety of bitcoin wallet, and other stuff also by the way thanks for sharing your tips.
Bitcoin is safe. Only the wallet you will be using doesn't have the assurance that you won't lose your bitcoin. All cryptocyrrency are risky when it comes to storing them because we are using internet and computers. If you are not careful, you might lose your cryptos. Just don't store your bitcoins and cryptos in just one wallet if you dont want to lose all.
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