Is Bitcoin really secure?

[NightCloudz07]

Hello pals,
Recently I introduced Bitcoin and cryptocurrency to my friends and family,they liked the concept but they asked me a question that I wasn't able to answer.Is Bitcoin really secure?What if a hacker was able to hack Bitcoin system/blockchain?Who manages Bitcoin security and what are the security measures taken to avoid hackers being able to steal Bitcoins?Why Bitcoin is not blocked for those who use it illegally by buying/selling in the deepweb market?What if governements ban Bitcoin because of these people?
I really appreciate if you  guys give me some answers

yes because we have trust to bitcoin and bitcoin trust with us

[MaryCris]

There are many cryptocurrencies now and the originals was called bitcoin. One can always always protect their own confidential data and secure access to your funds where private keys are never exposed. Ethereum can be stored on hardware wallets that have safety features for storing cryptographic assets and securing digital payments.

[BitcoinCurve~]

Bitcoin as in the system is very secure but your funds are protected by your own personal security and its down to you if your password gets guessed or keylogged.

[djmixen]

Yes it is, just read what other member here in bitcoin about their experience and how they become success on it. They just follow the rules so that their bitcoin or other currency should not steal by any one. And if that was happen i think many investors not trusting bitcoin on the first place. But look what bitcoin does and we can see the success on it. So many things that proven bitcoin is really safe.

[AjithBtc]

Hello pals,
Recently I introduced Bitcoin and cryptocurrency to my friends and family,they liked the concept but they asked me a question that I wasn't able to answer.Is Bitcoin really secure?What if a hacker was able to hack Bitcoin system/blockchain?Who manages Bitcoin security and what are the security measures taken to avoid hackers being able to steal Bitcoins?Why Bitcoin is not blocked for those who use it illegally by buying/selling in the deepweb market?What if governements ban Bitcoin because of these people?
I really appreciate if you  guys give me some answers

Bitcoin is really secure, I mean a lot of people has been using it through out the years. So, there is a guarantee, because if it's not secure, a lot of people would have stopped using bitcoin, right? Therefore, making bitcoin very secure.

In terms of trust bitcoin seems to grow rapidly in numbers, when we talk about the security lot of hackers and scammers roam around trying to trap the users and benefit. Here security features were good, but the mistakes done by an user leads to loss and it directly gets termed as bitcoin is unsecure.

[miss.M]

Yes it is secure because the trust of all investors are full and there are many investor here that as we can see they are all succeed. there are many evidences here in bitcoin that showing the bitcoin is secure. I think if that will happen that it is hacked by a hackers i think it is our fault not the bitcoin itself.

[Starslasher]

I think bitcoin is not save to use because there are a lot of hackers active who may one day hack your account and steal all your bitcoin.
But i think that wallets like blockchain help you to not lose all your money.

[wisdomcn]

Starting with who manages bitcoin security, this I do not know, But bitcoin administrators are putting their maximum effort to that bitcoin security is maximized and secured for it's users but it does not mean that hackers can not hack wallets. So while the bitcoin security managers keeps putting their efforts the users also have to put their own effort to keep their wallet information safe.

Any bitcoin transaction done in blockchain wallets or other wallets are irreversible and blockchain can never be hold responsible for any lost of money.

[teejayrichard2]

Bitcoin is very secure. You have full access to your money at anytime and choose to make transactions at any given time. As long as no one has your wallet details your bitcoin is 100%safe.

[Tim2412]

Yes bitcoin is secure but i think it will be correct to say that blockchain technology is secure.

[PeRo]

Bitcoin is the most secure form of money, hackers can not infiltrate the blockchain or individual adressses of users. Bitcoins transactions are anonymous and untraceable. The only way you can lose Bitcoins is by getting scamed. As for the illegal use, no one can block users from using Bitcoin, and also cash is also used for illegal activities but I do not see it becoming banned. The illegal use does not really hurt an individuals security.

[spinno]

Bitcoin to me is not 100% secure, because there are hackers everywhere who hunt people to steal and transfer there btc from their wallet

[SixOfFive]

YES...BTC is more secure to than the banking system. It is impossible to hack Blockchain and even BTC transaction is quite fast and reliable.
On the other hand, Bank servers are slow & it is seen that hackers hacks payment gateway, transaction amount does not reach to its destination.

[mx667]

Bitcoin is the most secure form of money, hackers can not infiltrate the blockchain or individual adressses of users. Bitcoins transactions are anonymous and untraceable. The only way you can lose Bitcoins is by getting scamed. As for the illegal use, no one can block users from using Bitcoin, and also cash is also used for illegal activities but I do not see it becoming banned. The illegal use does not really hurt an individuals security.

Many people think that Bitcoin is a very safe and untraceable currency or transaction tool. I myself think so too. But some people disagree with that.

Some say that transactions in Bitcoin are not difficult to trace and the identity of the Bitcoin holders can be found by the authorities. If the Bitcoin is indeed safe and untraceable, then why the owner of the Silk Road website used to be tracked and imprisoned. As far as I know, all transactions on Silk Road use Bitcoin. Now the owner of Silk Road must be in jail and could not get out.

[Shah112233]

Yes bitcoin is really secure . But it depends upon our own wallets . Trading of bitcoins and all of the cryptocurrency is safe . But significant care must be taken on purchasing of bitcoins as well as trading of it . After all, bitcoins is safe with a bright future .

[childish]

Yes bitcoin is really secure . But it depends upon our own wallets . Trading of bitcoins and all of the cryptocurrency is safe . But significant must be taken on purchasing of bitcoins as well as trading of it . After all, bitcoins is safe with a bright future .

i agree with you. bitcoin very secure its can see a proof that many people save or investing their money in bitcoin and then trader save their money in the market

[xanxus.kun]

I think Bitcoin is really secure, after all it uses Blockchain technology which makes it really tough to hack unless you're stupid enough to begin with. I've read some article online that you need a Billion dollar just to hack 1 Bitcoin.

[kingvirtus09]

Bitcoin is very secure no one will hack your bitcoin. it depends on the user on how he/she keep the phrase password and private key. this are important factiors that we should keep. Bitcoin is more srecure than banks.. by trasansaction itself no one will hack blockchain though things are valuable there.

[bce]

Hello pals,
Recently I introduced Bitcoin and cryptocurrency to my friends and family,they liked the concept but they asked me a question that I wasn't able to answer.Is Bitcoin really secure?What if a hacker was able to hack Bitcoin system/blockchain?Who manages Bitcoin security and what are the security measures taken to avoid hackers being able to steal Bitcoins?Why Bitcoin is not blocked for those who use it illegally by buying/selling in the deepweb market?What if governements ban Bitcoin because of these people?
I really appreciate if you  guys give me some answers

safe from what if I think safe because so far I have never experienced a harmful thing from bitcoin but to be legally secure in my country is not there for its security

[Aztek]

For now bitcoin is really secure as long as you don't disclosed your password to anyone.and bitcoin itself has its own security features.it is impossible to hack because it has a special wallet to keep secure.

Your bitcoin account is secure if you are going to secure it as well. Just like keeping a secret you know when to tell someone, who to tell, and why are you telling it to that someone. Ofcourse your bitcoin will be safe if you are going to keep it safe and far from possible harm. That is why you have to be careful with your bitcoin decisions along the way.