Can bitcoin be a more secured way of handling cash?

[n0ne]

Bitcoin might provide the way for a better accessing, but right now we haven't got such a big acceptance from stores as well increased usage from common people. This serves as a way through which the user gets the chance of making an transaction without revealing the true identity of the the people involved into particular transaction.

[Collinslevi]

Yes of course .Bitcoin is a secured way to handle the cash. Convenience in trading, if you look for any intermediaries, they have a limit on transfer and receive money in the day. But with no bitcoin, you can send an unlimited number of bitcoins to your friends and relatives. No matter where they are in the world. And you can send at any time, no one can manage the amount you send.
Safety and security, every bitcoin transaction can be done and completed without any personal information. Transaction information is displayed but your identity is completely confidential.
Can not be faked, the cost of testing the quality of gold is very high, but the testing of Bitcoin does not cost anything, and it is true that the bitcoin can not be faked because it does not exist in the form of an object. tight
Extremely low transaction costs, there are no transactional intermediaries, only transaction processing fees, but it is extremely low.
Environmental protection, no chemical print or paper. Bitcoin computer processing systems cost far less electricity than the current financial system.
Ecommerce Potential, all bitcoin transactions are completely anonymous and can not be reversed, so for resellers, they can be assured of fraud.

[Gozie51]

Well , the security for me is interms of code or access to your key which is individual based and no intermediaries unlike the paper money that the banks are the intermediaries.

[nelsledma]

Well , the security for me is interms of code or access to your key which is individual based and no intermediaries unlike the paper money that the banks are the intermediaries.

Yes bitcoin is safest way to handle cash because there is no threat to get robbed in digital currency you don’t have to worry about bitcoin like cash. It is safe and safes digitally no one can access it. Bitcoins provide you better security than any other currency that’s the reason why they are so popular.

[Tubig]

I never heard of anything about putting address to steal an account, the one that can make your account being broke in is by using your private key and it is very difficult to hack or to steal from bitcoin wallet, the protection is pretty strong, I think it is stronger than bank account protection

I also doubted the security of bitcoin, until now, but may 5% out of 100% of my trust. The more I read the more things I know, Maybe lots of thread I read about bitcoins security they assure the intelligence of btc cannot be hacked. More of what I have read but not all, just like this thread.

[marjoree]

All the transactions, trades, gamble etc. has risks if you could imagine that. So, I prefer putting my money in the banks once its price rise up because what if someone tried to steal it right? It is better to feel safe than ever. And be careful on who you trust too ( those who knows your account) or they might stab your back without knowing it.

[carriebee]

I never heard of anything about putting address to steal an account, the one that can make your account being broke in is by using your private key and it is very difficult to hack or to steal from bitcoin wallet, the protection is pretty strong, I think it is stronger than bank account protection

I also doubted the security of bitcoin, until now, but may 5% out of 100% of my trust. The more I read the more things I know, Maybe lots of thread I read about bitcoins security they assure the intelligence of btc cannot be hacked. More of what I have read but not all, just like this thread.

Ive been using a wallet and I must say it is strong, safe and secured. Likewise, I never heard that putting into wallet all your money would be steal or lose. One account would be lose if a persons is not keeping it secured and having lose the private keys. Bank is also good for savings an account but in bitcoin I can access it anywhere and I can check all my savings time to time.

[lazaruseffect11]

There's been news going around saying that you need to put in a certain address to able to steal that account. I was wondering if that's fake and bitcoin is a secured way of handling cash.

The money that you will put in your wallet address will be secured and youre the only one who can open that. If you give your address or password to someone, they can open that in any device so you better keep your password and your address to yourself to prevent your money to be steal by someone.

[palle11]

I never heard of anything about putting address to steal an account, the one that can make your account being broke in is by using your private key and it is very difficult to hack or to steal from bitcoin wallet, the protection is pretty strong, I think it is stronger than bank account protection

I also doubted the security of bitcoin, until now, but may 5% out of 100% of my trust. The more I read the more things I know, Maybe lots of thread I read about bitcoins security they assure the intelligence of btc cannot be hacked. More of what I have read but not all, just like this thread.

Ive been using a wallet and I must say it is strong, safe and secured. Likewise, I never heard that putting into wallet all your money would be steal or lose. One account would be lose if a persons is not keeping it secured and having lose the private keys. Bank is also good for savings an account but in bitcoin I can access it anywhere and I can check all my savings time to time.

I really don't understand where that putting into wallet and stealing is from. Wallets are secured especially when it is not disclosed to a third party that is fraudulent. If you trust someone like wife or brother as next of kin, you can disclose incase of unforeseen circumstances. Meanwhile, dash wallet is highly secured and owner can even forget it if not documented somewhere.

[trecore4]

There's been news going around saying that you need to put in a certain address to able to steal that account. I was wondering if that's fake and bitcoin is a secured way of handling cash.

Oh really! That can't be so much easy after putting so much efforts into blockchain technology and then later on advancing it as the tmrcis passing.


The thing is literally very secured unless and until you make any kind of silly mistake while handling it, for example loosing your private keys to someone. That's for sure will be your mistake and yes with that your money can be stolen. ;-)


But in general your statement isn't valid where you are saying that by just putting the address you can get hold of money. The algorithm behind the wallet, vault and stores are good enough to protect themselves. For sure the news you heard is fake.

[Pixyoxx]

I dont think just a fake adress will allow you to sneak into someones account. You'll always need a password aswell.
Anyways, bitcoin is by far one of the best cryptocurrency out there. It is very secure in the sense that it uses blockchain method. It is  transparent due to the same reason. Bitcoin provides extra security because of it being globally open to all and anyone can see the transactions and people like you and me are the one who verifies a particular transaction, which again id visible to everyone.

[farhaan]

Bitcoin has some benefits when compared to money as the physical money could be easily robbed any time.But bitcoin could be just stored in our wallet and even carried in a pen drive if needed.No one would ever have knowledge that you have lots of money in the form of bitcoins in your wallet.

But the private keys of your wallet is like the passwords of your bank ATM account.If it is exposed,then any body could steal your bitcoins.Other than that,bitcoin is very much secured and hackers could in no way steal your bitcoins.

[Bakukang]

For me it safe to earn bitcoins,keep it in your wallet address.And it can never be hacked as long as you never give your passwords and private keys.It will be safe and secured.

[yugyug]

the security and vulnerability of bitcoin depends on who you trusted your private key, if you hold your private key then  you must be cautious in nany malicious files or apps that has the ability to steal your private key, once the private key is exposed, there's no way to revert it unless you make it to transfer all your bitcoin to another wallet and another private key. it is stored online,then it is the online wallet is accountable for your key.

[PDAngel]

Hold your coin to your cold wallet, set up private key or paraphase word about 16 characters. Then try to remmember this. When u on internet, dont click some strange links or anything u dont know is safe or not. This is the most way of secured of bitcoin or you sold all for cash USD, no trouble with secured

[Koro-Sensei]

There's been news going around saying that you need to put in a certain address to able to steal that account. I was wondering if that's fake and bitcoin is a secured way of handling cash.

Wheres the proof of that thread i see youre only posting threads to make some topics on here youre not making this statements seriously. But my only advice that if youre holding a bitcoin or less put it in a secured wallet like bitcoin.info mycelium and the most secure is a trezor or an ledger wallet care mate.

[supine]

There's been news going around saying that you need to put in a certain address to able to steal that account. I was wondering if that's fake and bitcoin is a secured way of handling cash.

Yes, it is way more secure. The good thing about bitcoin is it has no physical form unlike cash. So, bitcoin cannot be stolen easily like money. The thief would have to be super expert in computer and technology to steal bitcoin from someone.

[lordquanta]

There's been news going around saying that you need to put in a certain address to able to steal that account. I was wondering if that's fake and bitcoin is a secured way of handling cash.

Could you able to share the source of your news so that it could be understood and verified accordingly. Current OP is so vague that no information is in it. What kind of address to put. And where will it put. Whose account will be stolen. The information in OP looks more like third rate scifi film where no brainer hacking is shown. The one you see in mainstream hollywood movies a well just like where a hacker is shown working on computer and within 60 seconds he hacks a website or with few strokes of keyboard claims a site is hack.
Do not believe in these kind of fake information at all. If you hear some kindly make sure to share the original source of information as well.

[macchiato]

Do you mean BTC address? If that's what you mean then no. Those addresses are used so you can make transactions. They are meant to be given publicly (or to your sender) without the fear of being hacked. Just make sure that you won't give your address together with your private keys because that would be very foolish  . Keep your private keys. Don't let anyone have access to your personal phone or pc as much as possibble and your safe from being hacked.

[michellee]

Do you mean BTC address? If that's what you mean then no. Those addresses are used so you can make transactions. They are meant to be given publicly (or to your sender) without the fear of being hacked. Just make sure that you won't give your address together with your private keys because that would be very foolish  . Keep your private keys. Don't let anyone have access to your personal phone or pc as much as possibble and your safe from being hacked.

that is right and as long as you only give your wallet address then you are safe from the hacker but if you show your private keys to other people then the chance from being hacked is wide open. just save your private keys in the safe place and never tells to other people and its better that you have many of bitcoin wallet and you spreads your balance into other wallet. you have your own bitcoin and only you that have the access of your bitcoin wallet so be careful.