How secure is the bitcoin account?

[Jarvi450]

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.

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[nelson4lov]

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.

[OmegaStarScream]

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.

[mocacinno]

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.

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

Cryptocurrency botnets are the newest and potentially most profitable class of malware. These viruses use the victim’s processing power to mine for Bitcoin and other cryptocurrencies

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.

[thisappointed]

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.

[~Bitcoin~]

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.

[Idrisu]

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.

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.

[maku]

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.

[Dmitry.Vastov]

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.

[xIIImaL]

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.

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.

[emezh10]

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.

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.

[ethereumhunter]

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.

using 2 factor authenctication is one solution that we can use to prevent our account gets hacked but it won't close for chances to gets hacked. but the most important is from the sites that will make prevent from the attacker and secure each of their member so the bitcoin account of each member will be safe. although its still not guarantee that the account is secure 100% but its could help to protect the accounts.

[morgand]

Dont use online wallet mate, its not 100% secure.
I think you need to use your offline wallet to secure yours, download it and install in your PC.
Update your antivirus and install adblock. Its good for your malware protection.

[ikydesu]

First, use cold wallet and hot wallet. For secure the account users, put google auth, i have experience with exchange site which implement google auth for securing the account, till now I never have problem. Then for every withdrawal, also need to input google auth and that's should be need a confirmation link to email.
Don't forget to hire security expert, for developing the security system, because there are always something new about security issue.

[bitbob82]

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.

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.

yes that is right that most of the people give  same password to their mail and wallet. to me i think it is too bad and not a wise decision, i think that the the password of email and exchange wallet.

[JeffBrad12]

You're feeling scared about saving your bitcoin on your PC, try to hold them in the other place. Just use the hardware coldstorage. Never try to use the suspicious malware was containing the malware. But just store the bitcoin on your computer and cut lost your internet connection.

[dearbesz1219]

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.

I am totally agreed to you dude, By using 2 factor Authentication, it is surely that our account 100% are secured. Besides most hacker are not professional like what other's think. Only few of them are really professional by hacking the account if they know there is a big holding.

[Wind_FURY]

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.

As long as you people keep using Windows you will always be at risk even if you have an updated antivirus. The hackers are always one step ahead that is why people's Windows computers keep getting infected. The answer is to stop using Windows and start using a Mac or learn to install and use Linux.

[Fireblade]

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.

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.

yes that is right you need to manage and update your account wallet regularly. you should try to chose a complicated private key, you should not share your private key with any one, and always try to change your private key from time to time and through this way you can secure your wallet in a better way .

[Jarvi450]

Thanks for all your inputs. It has been helpful.