Bitcoin wallet is not safe

[mariahnguyen]

Many people believe that electronic wallets are safe, but in fact, Bitcoin accounts and trading floors are frequently hacked.

As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.

[Dudeperfect]

Well, that's what Bitcoin is all about a complete decentralization of the control and power. No one can take away funds from you without your consent. Everyone must be aware of his power and responsibilities too when it comes to the using decentralized cryptocurrency like Bitcoin. There is lack of knowledge among newcomers and that's why they are being targeted by the hackers and scammers. Remember it's a power lies in this innovation but there is a responsibility too and everyone must be aware of it.

[Hiredgoon]

Many people believe that electronic wallets are safe, but in fact, Bitcoin accounts and trading floors are frequently hacked.

As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.

If you store your bitcoins online.

1. Use a device that you don't use regularly.
2. Enable: Google 2FA & Email 2FA (If applicable).

[jinksters09]

The safety and protection of your bitcoin wallet solely depends upon how you manage and protect you can protect it from any hacker or scammers if you know what to do with it. Or if you are that scared of your bitcoin getting accessed upon by other people then you shoulf not store it in the wallet for a long time and instead cash it out whenever there is an opportunity.

[KevenDabid]

Indeed, I also don't believe the so-called coin purse, if can be connected to the Internet, so greatly increases their risk of being stolen, so I bought hardware wallet, only under the condition of not connected to the Internet, to ensure the safety of our BTC.

[akmittal]

Many people believe that electronic wallets are safe, but in fact, Bitcoin accounts and trading floors are frequently hacked.

As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.

The online work needs some precautions to avoid hacker attack. if you follow the norms than hacking attack may be neutral.
Always use private browsing. Use antivirus and update it regularly. Do not open the site which is restricted by the antivirus. Do not keep Passwords in the online system.

[YuginKadoya]

An offline wallet or Cold Storage is the safest of all wallet for bitcoin be responsible enough to hide your 12 pass word or code or your private key because if that would be lost your bitcoin is lost forever, Or you can print out paper wallets and store it in a safe place so you can have a physical bitcoin that you can store in a safe case or vault in your house if you do not prefer an electronic storage then you can try different store that you prefer, Because I really think that web storage are the ones that can be hack and are the ones that is not safe.

[AleksNewman]

People asking about "safety" of a wallet forgot one  big important thing: The Golden Rule of Bitcoin: "If you control your keys, it's your bitcoin. If you don't control the keys, it's NOT your bitcoin." If a wallet doesn't comply with that rule, is NOT a wallet, is simply a bank! So choose wisely.

[Kakmakr]

The problem with the trading platforms, even with Bitcoin is that it is third party services that are built on top of Bitcoin. Bitcoin is a currency and the protocol behind this code is rock solid, but the code behind these third party services are fulnerable. <Like we saw with Bitcoin exchanges that were hacked before>

Solution : DO NOT store large quantities of bitcoins in these services. Use offline paper wallets or hardware wallets and only transfer coins to these services, when you want to trade.

[Ranly123]

Many people believe that electronic wallets are safe, but in fact, Bitcoin accounts and trading floors are frequently hacked.

As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.

How about i tell you that my bitcoin wallet is regulated by our government and central bank? If that is what you think about the safety of your bitcoin wallet, maybe because the wallet you are using is coinbase wallet. Try to explore and read mo research where to find regulated wallets for the safety of your bitcoins.

[whirlcoin]

Many people believe that electronic wallets are safe, but in fact, Bitcoin accounts and trading floors are frequently hacked.

As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.

If you store your bitcoin in an exchange or online wallet then you gave the access to use your bitcoins so they may take your money at any time or someone can steal your money easily because those funds are not secured by private keys.You can use 2fa authentication to save your holdings from hackers.
But it is not advisable store your bitcoins in an online platdorm unless you want to trade it soon.So pick a wallet with private key so you have full control ober your bitcoin and your bitcoin will be safe until your private keys are safe.

[Herbert2020]

you are naming things that are all over the place and none of them are a bitcoin wallet!

first "electronic wallet", i have no idea what that even means. we have no such thing.
second "bitcoin accounts". it is obviously not a bitcoin wallet. an account is what you create on sites like coinbase and they store your money and they can steal it just as easily.
third "trading floors" if you mean something like exchanges that is obviously not a bitcoin wallet either and they can and have been and will be stealing your bitcoins whenever they can.

a bitcoin wallet is what you control the private keys and you generate them. and as a result the safety of it falls upon you. if you do it in a safe manner, meaning cold storage then there is no way that someone can steal it. but obviously if you neglect security you will be at risk.

[Rupok365]

The only way to keep Bitcoin wallet safe is to keep your information secret .2FA should be turned on. Email varification enable should be kept. So, hopefully the wallet will be safe

[Kemarit]

Many people believe that electronic wallets are safe, but in fact, Bitcoin accounts and trading floors are frequently hacked.

If you using trading platforms as your wallet and then complained about its not safe., then you really need to learn more about how to protect your wallet. Trading platform are not really safe, that's why we have wallets such as Electrum and Bitcoin Core to begin with. Don't put all your funds in a trading platform, moved it to a wallet that you have total control of your private keys.

As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.

Then it will defeat the purpose of bitcoin being decentralized if there's a regulatory body in between. Bitcoin is irreversible and it has no name associated with it. If you are looking for safety, then deal with banks. I guess you should read about Satoshi's Whitepaper, so you will understand how bitcoin was designed and what its purpose.

[Sevarchik]

Only one wallet cant be hacked - is offline walet. Any other can behacked, it makes no difference how many factor of auth you will use, tough 10fa.
Other question is it worth?

[batang_bitcoin]

Many people believe that electronic wallets are safe, but in fact, Bitcoin accounts and trading floors are frequently hacked.

Electronic wallets = bitcoin wallets are safe as long as you are holding the private keys and you'll never log in to a phishing website that contains the same interface and can deceive new investors who are not aware that they are existing.

As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.

From the very beginning you must understand that this is all about decentralization. And transactions on bitcoin are irreversible so if ever you mistakenly sent your bitcoins to someone then there's no way to retrieve it unless the receiver will send it back to you.

[jaocoincrypto18]

Many people believe that electronic wallets are safe, but in fact, Bitcoin accounts and trading floors are frequently hacked.

As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.

The only thing we can do is to ensure the safe keeping of our private keys and our information so that out money will be safe. Private keys are unique form in which impossible to memorize even by the thieves therefore the only thing we can do is to hide them that it can be stolen by anyone and ensure that the 2FA if there it is must be activated too.

[mbakruroh]

Many people believe that electronic wallets are safe, but in fact, Bitcoin accounts and trading floors are frequently hacked.

As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.

wallet account security is the nature of the attitude of someone who has it because usually if exposed to hacking or phishing it because someone less precise and less secure in keeping the wallet. so I guess that's the fault of every one myself, because many people are still safe using the wallet.

[Destroyeroff98]

If you use Blockchain, then you are safe. There is very good protection, especially if you connect all the ways to protect.

[Rajamuda]

The security about the wallet, of course it depends on the person. If it's careless or less observe to the level of security in detail on pick a wallet site, it surely will be easily to be hacked.
So far I personally, never experienced my wallet got hacked.
Just stay cautious, use a trusted wallet that has been used by many people so far in our place and it has been proven very safety.