Topic: How secure is the bitcoin account? - page 2. (Read 1123 times)

I agree 2 factor authentication is the strongest security for bitcoin wallets but If the hacker hack your email to thats the problem So i will suggest that don't make same password with your email and bitcoin wallet because It's dangerous if the hacker also hack your email. And lastly Don't click links and spam on your email the hacker can hack your account by just doing that things and keep your password rather you should be the only one who will know your password so that your bitcoin is 100% safe.

If Op means to secure the wallet. You should need to update wallet and manage the addresses properly and we should share the private key and wallet.dat file to anyone. This is enough to manage the wallet simply.

As long as you can keep your computer clean. Thats good to go. Just clean your computer regularly. Make you update your antivirus.
If you want more secure. You can use ledger. Its a small device which you can store your bitcoin.
Its up to the owner also how they manage to secure their bitcoin. If the owner is careless. The more chance that the bitcoin he stored at computer will loss. Bitcoin can be hacked but its rare. And most of them doesn't use any layer of security.

Op, if I were you I would worry more about possible ransomware attack than being targeted by DDOS. Using bitcoin wallet is more secure that using your bank account via webpage anyway.
For someone to get access to your bitcoins they would literally need full access to your machine, and this is not easy to achieve.
Also there is no 'bitcoin account', by that people are refeering to online wallets - which are not recommended if your main concern is security.
A SPV lightweight wallet like Electrum is better in every aspect and with its seed phrase backed on paper you will be very secure.

Your Account is secured if you don't share your I.d and password with any one. If your company what to used bitcoin as a mode of payment then the following questions come to mind.
1. How many people will be entrust with the bitcoin wallet password and I.d.
2. Has the company been hacked before as this will tell if the company information is venerable.

If you are thinking about using bitcoin as payment gateway than you don't have to worry about securing bitcoins. As bitcoin itself is secure if you don't share your private key with anyone else or store it online.

There will be some security concerns if you use web wallets to store large amount of bitcoins and don't enabled enough security features those wallet provides. Better to use paper wallet or hardware wallet (trezor, keepkey etc) for better protection. Search about how bitcoin paper and hardware wallet works to know them better.

No matter how hard to penetrate our systems are, it is still hackable by someone who knows professionally about hacking, but these only happens once in a blue moon because not every hacker are pros which can hack any systems that they want. If we are going to talk about safety here, first, a private key would be nice for your account, a 64-characters password that you are the only one who knew about unless you will share it with someone else. Second, securing your account by giving enough details that a certain site is asking for is very important, like for example on making a google account. There are things that are being asked to secured your account such as giving your another account in case of recovering your lost account, your number which is really important and so on. Being careless is the only reason why most of us are getting hacked by someone else without knowing it, Phishing site is the number one hacking process that a naïve person can be a victim.

You're missing something here... This article was TL;DR, but when searching for the word bitcoin, this was the only paragraph i found:


Sure, a hacker group can make a botnet, and they can use it to mine BTC... But their complete botnet will probably have a lower hashrate than a single S9, and as long as you're not part of the botnet, this should not concern you...

If you're serious about accepting BTC as an online payment system, there are different questions you should ask:
* if you want to do everything yourself, you should be asking how to program everything securily
* if you don't want to do everything yourself, you should be focussing on bitcoin payment processors (which ones have API's, legal statusses, security flaws,...)

Offcourse, getting your PC infected is bad, and you can have your bitcoin stolen, but this has nothing to do with a commercial setup of a payment gateway, it doesn't matter if your PC gets hacked and your personal bitcoins get stolen if your main concern is to setup a payment gateway.... Personal security and corporate setup are two completely different things, and i think you're mixing them up.

As for the DDOS'in part of the article: sure, if you make a service, it can be DDOS'ed, this has nothing to do with your PC's security... Even if you run a professional service from your PC (not a good idear by the way), a virusscanner will not be able to help you.
Every online service can be DDOS'ed, the only way to really solve this is buying hardware sollutions or load balancing implementations from professionals specialising in this matter.

Someone don't simply get infected with a malware so as long as you have an updated anti virus and you don't download random stuff (or cracked programs) from the internet you should be fine. I'm assuming that you are using an online wallet since you used the term "account" , I wouldn't recommend that unless you are storing small amounts for daily uses. Use a desktop wallet instead and never showoff how much BTC you have , that could make you a target for hacks.

For me, Using 2 Facter Authentication and a very strong password is a bullet-proof security to protect accounts from hack /Brute Force Attacks. These options can't guaranteed 100% safety of your coins but They help with maximum security. I suggest you don't keep too much funds on a single account and eliminate any other possible hack breaches.

Hi,

We have plans to use bitcoin as an online payment system for international trade. I have been looking for the security concerns on using this payment system. I came across a video blog about the threat of botnets. http://www.storagepipe.com/blog/DDoS-Bitcoin-Brute-Force-Malware/

So, in such an event, what protection would help me? Will an ordinary antivirus protection prevent such attacks? Please share your suggestions about it.

Also share your opinion about using bitcoin for trade.

Thanks in advance.