Hacking is the Big Problem

[Ubay82]

because I am new in the world of crypto hopefully all this problem can be given way out because my anxiety

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[Harper6]

Hacking is the biggest problem faced even before bitcoins have existed and became popular. They hacked bank accounts, now bitcoins. They can exploit weakness in the systems used to communicate with any website. So no matter how strong passwords are if they know what you are typing then it will be useless. So its never safe. It's now up to us to be careful with clicking links.

Yes but only expert hackers can do this because it is not easy to get bitcoin from all investors if they will use wallets for bitcoin well if we talk about bank then yes it is not hard to hack the banking system because it is about computer access but in bitcoin it is hard because of bitcoin wallet. Now in markets there are a lot of wallets that works even when we are not online, paper wallets are also there to make bitcoin risk free.

[raven7886]

This is a really big issue when it comes to online currencies. Every process is a risks and online hacking is not easily tracked even by the government. You must be careful on what you're going to do online especially when filing information online and even downloading stuffs. Anyone you can be possibly monitored and can be used for hackings.

So,  someone gets into Bitcoin,  feeling they are safe and not knowing that it is even worst than having cash. That’s why I do say they are all the same,  whether you’re using Bitcoin or cash,  there are risks involved in both. Anyone who’s making use of Bitcoin has to be careful. Despite all that’s happening, I believe there are safe wallets out thee that can’t be hacked easily, but there is no need to mention.

[Happydd]

Guys…

I read the new the Japanese Exchange Coincheck loses ¥58 billion in the hacking attack. It’s not a single case in this after a few weeks ago Etherdelta was also Hacked. So how can we ensure that our money is safe on exchanges?

Right! We all do not want hacking. We are afraid of that. You can get stolen passwords, wallet can even take large sums. To avoid hacking attacks is not easy either. Because hacking is usually better than us.

[atom2080]

You don't. Hacks target the exchanges wallet by finding exploits and not the user accounts separately. If you want your funds to be safe, use exchanges for trading only and withdraw to your personal wallet.

it makes me little scare sir, how about the wallet? it's still safe?, if you have any recomend ,what's good exchanges  sir?

[jinksters09]

I'm scared of hacking, what is the best thing to prevent to hack my account? Nowadays hacking is the big problem of different sites mostly people. Hackers are very inteligent when it comes to computer, if your security is not tight they can hack your account in a seconds. Mostly those earning too much. Don't be too confident or comfortable that they don't have interest in bitcoins because as far as I know this is online site where in the income is too high ,hackers can target your account instantly. Try to tight your security in always changing your password that is not easy to locate by computer.

[logicgate]

This is a really big issue when it comes to online currencies. Every process is a risks and online hacking is not easily tracked even by the government. You must be careful on what you're going to do online especially when filing information online and even downloading stuffs. Anyone you can be possibly monitored and can be used for hackings.

So,  someone gets into Bitcoin,  feeling they are safe and not knowing that it is even worst than having cash. That’s why I do say they are all the same,  whether you’re using Bitcoin or cash,  there are risks involved in both. Anyone who’s making use of Bitcoin has to be careful. Despite all that’s happening, I believe there are safe wallets out thee that can’t be hacked easily, but there is no need to mention.

Whenever there is a loop hole in the security, the hackers jumps in and take advantage out of that  loop hole. The thing is that people keep checking the value of their wallet and login again and again, by this they are actually weakening the security of their login system, Also a lot of people do the transactions from their cell phones and discuss it with others as well, so I think these things should be curbed by the users just to avoid any hacking attack.

[Btc_1856]

Many people scared about the hacking because exchanges need to be secured because otherwise we will be in loss. That's many new people are afraid to invest into crypto because of these hacking.

[michellee]

Many people scared about the hacking because exchanges need to be secured because otherwise we will be in loss. That's many new people are afraid to invest into crypto because of these hacking.

but I am sure that every exchange will do their best to secure their site so their member could feel safe while they do trade on that site. I think as long as we can secure our account and follow the instruction from the site, we don't have to worry about hacking and we can do trade with safe too. but I realize that there is no guarantee for every exchange can feel secure because there will be a hole for the hacker to penetrate the site and take the members money.

[hieuho381]

The cryptocurrency market is currently a huge target for hackers trying to enter the crypto market. I recently learned that highly trained hackers from the North Korean government are making intrusions to take away the assets of the cryptocurrency market. This is very dangerous because the coin is anonymous so when lost, there is no basis to get it back. Always be careful with your possessions, remember to keep the private key of the wallet carefully.

[Electro_wiz]

Making money by hacking is a very bad thing because the good man has many problems. Myethear wallet has been hacked a few days ago. Man's money, bank account is not safe.

[investeerder]

Many people scared about the hacking because exchanges need to be secured because otherwise we will be in loss. That's many new people are afraid to invest into crypto because of these hacking.

but I am sure that every exchange will do their best to secure their site so their member could feel safe while they do trade on that site. I think as long as we can secure our account and follow the instruction from the site, we don't have to worry about hacking and we can do trade with safe too. but I realize that there is no guarantee for every exchange can feel secure because there will be a hole for the hacker to penetrate the site and take the members money.

Yes sure they are but still their are some series of huge exchanger's site hacking event where many people got compromise, And I can't still trust them up eventhough they can be called big ones since they might gonna do an inside job and stole the money of their depositors.

[Emitdama]

Guys…

I read the new the Japanese Exchange Coincheck loses ¥58 billion in the hacking attack. It’s not a single case in this after a few weeks ago Etherdelta was also Hacked. So how can we ensure that our money is safe on exchanges?

hecker very difficult to be combated so many victims who lost their money, in my opinion better save money in our personal wallet if not in use again in stock market.

With the advancement in technology, things have been changed quite rapidly. There are hackers and scammers around us and we really need to be very much careful while making any kind of transaction especially when it comes to that of crypto currencies. There are chances that our money can be compromised but we need to take precautionary measure in order to get things in our favor.

[nickmax]

In most cases, the security of your money depends only on you. In the case of Etherdelta, those who used MetaMask and hardware wallets were not harmed.

[yvesp110]

This is a really big issue when it comes to online currencies. Every process is a risks and online hacking is not easily tracked even by the government. You must be careful on what you're going to do online especially when filing information online and even downloading stuffs. Anyone you can be possibly monitored and can be used for hackings.

So,  someone gets into Bitcoin,  feeling they are safe and not knowing that it is even worst than having cash. That’s why I do say they are all the same,  whether you’re using Bitcoin or cash,  there are risks involved in both. Anyone who’s making use of Bitcoin has to be careful. Despite all that’s happening, I believe there are safe wallets out thee that can’t be hacked easily, but there is no need to mention.

Whenever there is a loop hole in the security, the hackers jumps in and take advantage out of that  loop hole. The thing is that people keep checking the value of their wallet and login again and again, by this they are actually weakening the security of their login system, Also a lot of people do the transactions from their cell phones and discuss it with others as well, so I think these things should be curbed by the users just to avoid any hacking attack.

These are really some good advice's and practical too, there can be more best practices as well to curb any vulnerability towards the hackers. There are some cheap software in the market which belong to the third parties and they ask you to save your passwords in them. They help you with suggesting different difficult passwords as well, so I must say that please avoid such types of softwares so that the secrecy of the password is not compromised.

[Victor$]

Many people scared about the hacking because exchanges need to be secured because otherwise we will be in loss. That's many new people are afraid to invest into crypto because of these hacking.

but I am sure that every exchange will do their best to secure their site so their member could feel safe while they do trade on that site. I think as long as we can secure our account and follow the instruction from the site, we don't have to worry about hacking and we can do trade with safe too. but I realize that there is no guarantee for every exchange can feel secure because there will be a hole for the hacker to penetrate the site and take the members money.

Yes sure they are but still their are some series of huge exchanger's site hacking event where many people got compromise, And I can't still trust them up eventhough they can be called big ones since they might gonna do an inside job and stole the money of their depositors.

This is good because care is better than lose, so if we will make it sure that the site we are investing in is well know and popular site for bitcoin then it will be good to reduce the chance of scamming but if we buy safely we will have to find the good wallet for our bitcoin to put our bitcoin in. price of bitcoin wallet is not so high but care is important thing try to use blockchain because using blockchain will reduce the chance of hacking.

[gantez]

atleast coinheck release a statement regarding this and they say that they will pay their users affected by this said hacks.

While I am happy that reimbursement is going to take place, I find it a bit weird to let them walk away with things so easily. If you can fake a hack as exchange, and then always have the option to just choose to pay back the debt as result of that, it grants you too much free game to instantly grab/steal loads of more funds in the future. An exchange, regardless of its size, should never have that many coins sitting in hot wallets. If they do leave hundreds of millions in funds in their hot wallets anyway, then it's a very shady practice. It can't even be seen as incompetence anymore -- NiceHash did the exact same thing before getting "hacked".

What still beats my imagination is the question, where would the fund for reimbursement come from. I mean , exchanges house huge money with them. How can they pay such debt - do they have some insurance or what?

[rickadone]

Guys…

I read the new the Japanese Exchange Coincheck loses ¥58 billion in the hacking attack. It’s not a single case in this after a few weeks ago Etherdelta was also Hacked. So how can we ensure that our money is safe on exchanges?

this is one of the main reasons many of us recommend to not put the most of your money on exchanges. The safest way to keep your money is into your own wallet, where you have full control. Otherwise you are at the mercy of similar events.

Some people trade, so there is really no way everyone can stay away from exchanges. However, it is always good to be safe and make sure that the security of one's account is strong enough. Although, this is not a full guarantee but at least, it should be a start. A lot of events like this have happened in the past, and unfortunately, they will still happen, which is why I keep telling people that some exchanges are actually a no go area.

But hacking is even worse in bitcoin, in banking you can get your money bank, it is a hassle but it can be done, but in bitcoin and cryptocurrencies in general once that money is outside your wallet there is nothing that can be done to get that money back this is why hackers are turning their attention to bitcoin since they know not only they will keep the funds but it is likely they are going to get away with it.

Which is why no one should put any asset they cannot afford to lose on any exchange. This is something that we have to live with for now and best to always stay with exchanges that can be trusted which have been able to avert hacking attempt in the past than just going for the new ones. Also, it is best to always split funds in different trusted exchanges to at least have them spread around.

[Blue Bell]

Guys…

I read the new the Japanese Exchange Coincheck loses ¥58 billion in the hacking attack. It’s not a single case in this after a few weeks ago Etherdelta was also Hacked. So how can we ensure that our money is safe on exchanges?

hecker very difficult to be combated so many victims who lost their money, in my opinion better save money in our personal wallet if not in use again in stock market.

With the advancement in technology, things have been changed quite rapidly. There are hackers and scammers around us and we really need to be very much careful while making any kind of transaction especially when it comes to that of crypto currencies. There are chances that our money can be compromised but we need to take precautionary measure in order to get things in our favor.

Yeah exactly it is our own responsibility to make our bitcoin safer because people are here around us and they are trying to take the bitcoin of other people who earned with allot of hard work. So if we are aware of this problem we will have to be very active and careful to use bitcoin. Now price of bitcoin is high and it is reason it has become safe because of wallets, if we will use bitcoin wallet we will get safe and secure investment for as long as we want without hacking and best wallet is the blockchain.

[maimainguyen05]

There are a lot of ways that hacker can access to your computer and steal all your money. With just a single click you can lose everything so try to be careful when you decide you click to anything on the internet or every email that you received. I still remember the time when Wanna Cry created ) It stole hundreds or maybe thousands Bitcoin all over the world ). But luckily there are a genius found out the way to remove this virus and saved the world ). For me, I often keep all information about all my account and wallet offline in another clean computer to make it safe as much as possible and until now all my money still safe