How safe is Bitcoin really? - page 3.

Kprawn

legendary

Activity: 1904

Merit: 1074

As safe as you want it to be... Why? ...Well it's easy ::

1. If you leave a lot of money in there, you will become a bigger target. {My motto ~ Keep online wallets for coffee payments}
2. If you chose not to enable 2FA for some reason, you paint a target on your back, and it is not a question IF you will get hacked, but rather when you will get hacked}
3. Keep your main stash in cold storage, away from the internet

Use these 3 tips and you will not have huge losses when you do get hacked.. Roll Eyes

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

Bitcoin itself is pretty darned secure. The meatbags who use it will always be the weakest link by leaving themselves vulnerable to being caught out. I don't think an online wallet is ever a great idea when there's no shortage of better alternatives.

poncho32

sr. member

Activity: 316

Merit: 250

It's possible to hack an online wallet, but it's almost impossible to hack a wallet installed on your computer if you have also installed up to date antivirus software and a firewall. If you control your Bitcoin private key generated by your wallet installed on your computer then your Bitcoins cannot be stolen by directly hacking your Bitcoin wallet. The only way your Bitcoins stored on your computer can be stolen is if your computer gets hacked, or infected with a virus.

Online wallets are sometimes hacked, but whoever runs the online wallet controls your Bitcoins, and how secure the wallet is depends on their coding skills.

n2004al

legendary

Activity: 1134

Merit: 1000

Quote from: pilscoop on October 15, 2015, 10:40:13 AM

How hard is it to hack an online wallet?
Can your transactions be stuck in limbo without confirmation?

It is possible to hack an online wallet but the probabilities depends from the wallet. For example I use coinbase. This wallet don't hold bitcoins in online wallets but offline. So the hacker even if crack something cannot steal nothing. Anyhow the hacking of a bitcoin wallet is less than the robbery of a bank.

Any transaction cannot be get stuck. Soon or later every satoshi sent arrive in its destination. The few amounts maybe later, but arrive. There are problems with the malleability but partially are resolved and for sure will be resolved in the other versions of Bitcoin Core.

clemahieu

full member

Activity: 238

Merit: 122

The issue is more in how it's used rather than the core itself. There's a reason why banks hire security experts and buy hardware to secure their infrastructure. Letting a startup hold your money is probably not a good idea.

franky1

legendary

Activity: 4424

Merit: 4794

Quote from: pilscoop on October 15, 2015, 10:40:13 AM

How hard is it to hack an online wallet?
Can your transactions be stuck in limbo without confirmation?

an online service is as vulnerable as any online service..
sony got hacked
apple got hacked
even banks, governments, and fbi sites got hacked.

bitcoin is not vulnerable. but stupid website creators are. this is why you are safer using the actual bitcoin-core client, moreso then using your online bank or buying something on apple/sony/walmart using ur debitcard on their site

dothebeats

legendary

Activity: 3542

Merit: 1352

Bitcoin is safe, the user who uses bitcoins should be cautious of using bitcoins. Most of the losses in bitcoins are made up of users who didn't make sure of how secure their assets are under their control.

toinew

member

Activity: 61

Merit: 10

bitcoin itself is pretty safe if you know how to use it properly.
But a new user has many ways of doing something bad and letting hackers take his bitcoins.
The problem is not bitcoin but the user

pilscoop

member

Activity: 70

Merit: 10

How hard is it to hack an online wallet?
Can your transactions be stuck in limbo without confirmation?

Topic: How safe is Bitcoin really? - page 3. (Read 2392 times)