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Author Topic: With Hackers everywhere, How safe is Cryptocurrency?  (Read 4154 times)
zhangxie29152784
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March 19, 2018, 02:01:34 AM
 #161

In recent years the hacker attack happens frequently and the rapid increase in the number, encrypted Internet currency really changed our lives, but now hidden trouble in security of the Internet you haven't found the most of the solution. Every time a hacker attacks a person or a platform, how should we defend against hacking? Let me introduce you to the method of minimizing the security risks.

The way to store your passwords is mainly heat storage and cold storage, which is like the wallet you carry in your pocket. Cold storage is a bit like your bank savings account. We must keep this in mind - if money is to be used frequently, you must use hot storage. And if you want to keep your money for a long time, you have to use cold storage.

Because personal wallets are more secure than big trading sites, hackers are more likely to spend a lot of time on a trading site.
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Chrisjay29
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March 19, 2018, 02:47:45 AM
 #162

I think they are no safe in this world  especially in a internet world. Even a government security system has been hack. The only way we can avoid hacker is double check your filling up form. And dont go to the site that make you suspicious .
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March 19, 2018, 02:53:20 AM
 #163

Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?

If you don't trade your coins frequently then it is much better to store it in a hardware wallet than in the exchange because there is always a possibility of it being hacked. We have seen various hacks of exchanges in the past and it resulted to people losing their coins and one of the biggest is the Mt. Gox hack and this is the period where most people realize the importance of storing your coins in your own wallet not in the exchanges. Also, do not just download anything because there is a possibility of it having a virus that might steal your coins. If possible separate your computer using/trading cryptocurrencies and for other things you do online.

bitcoinrays
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March 20, 2018, 10:59:06 AM
 #164

Hackers are creating problems all over the world. Cryptocurrency would be safe, but you have to take extra measures.
No, how can you take them so easily? They are much sharp than us. Just see, bitcoins are safe and secure we accept this fact but that is their security? Only one key, a private key that must be kept secret. And what if this key would be known to someone else, all of your privacies are open to everyone. Hackers are only trying to get that private key that isn’t much hard for them to retrieve.

ununoctiumprecipitate3
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March 21, 2018, 07:13:33 PM
 #165

I dont know about any hacker strikes taking place recently. And the japan issue was old. So i think there is not much threat
andrei214
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March 31, 2018, 11:52:00 AM
 #166

Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?
Maybe bitcoin already learned a lot from that tragedy.Upgrading and developing much better securities must be done.And since everyday, technology improves, this security measures must be also updated so that rhey cant be bypass anymore by this hackers.

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Alik_Rzasoy
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April 08, 2018, 03:30:00 PM
 #167

Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?

From the point of safety, i could say that new coins are more secure than previous ones, because they use and update them with advanced technology, but for sure there is a risk for us as our coins can be stolen by hackers, but there is a risk anywhere and anything. High risk high profit Smiley
misterj
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April 08, 2018, 03:59:48 PM
 #168

The way that our tokens are being transferred, sell, and recieved are safe and secured because cryptocurrency are using blockchain technology which is, i believe the safest innovation for security and protection of our money. The only way that a hacker or a group of it may be succeasful is when they completely manipulated or tricked the individuals or a group by means of copying its site, wallet site, and any way that can obtain your private key. So mostly, the fault is in the individuals holding its private key.

isaac_clarke22
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April 08, 2018, 04:14:16 PM
 #169

Japan's recent crypto hack incident was due to the vulnerability of the site. To be honest any site is always at risk anyway. Facebook, google, twitter, youtube. All of them are vulnerable to hacks and now you're asking if we're even safe in cryptos. Well it depends on how do we handle the private keys we have. Do you tend to import it even more in exchange site just to make it more convenient? I used EtherDelta for trades and it allows me to import my private key but I am forgetting the account after the trade has been done. Do you REALLY write your seed or you just simply type it into Notepad? Remember fella that your PC has a lot of probability to get infected by virus and one of it could be spyware or whatever you call that virus that can see your info written in your PC. Even with the tightest security of anti-virus (I don't install those due to RAM-eating process) could still have its own holes and imperfection and hackers will bypass those covers.

sumanto
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April 08, 2018, 04:33:49 PM
 #170

Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?

yes you are very much a hacker who is stalking the world of cryptocurrency, you should be more careful when you access the page in the world of the internet should you never to access pages that are less reliable and do not install anything that is indicated by the virus and do not forget to always update antivirus that you have.

sreecanvas
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April 10, 2018, 10:55:57 AM
 #171

"Hackers are everywhere.                                                                                                                                                                                                                          Precautions                                                                                                                                                                                                                                                Store your tokens in the wallet for which you hold the private keys.
Obviously store these private keys in safe place and you should save them in the offline password manager.                                                                                                                       Try to use the hardware wallet is advisable."
Cryptagio
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April 10, 2018, 11:09:12 AM
 #172

Well, most hackers use social engineering to hack their victims. In most cases it has nothing to do with technology. However the largest hacks actually had to do with tech exploits. So once a person learns how to avoid scam crypto space is safe for him/her.

https://cryptagio.com - crypto exchange platform
Btcwashu
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April 10, 2018, 11:09:45 AM
 #173

"Hackers are everywhere.                                                                                                                                                                                                                          Precautions                                                                                                                                                                                                                                                Store your tokens in the wallet for which you hold the private keys.
Obviously store these private keys in safe place and you should save them in the offline password manager.                                                                                                                       Try to use the hardware wallet is advisable."


Because of the hackers some investors are now afraid to invest and they are afraid of losing their money because of this hackers. Like what happened now in the Philippines a Filipino couple ammases at least P900M in alleged bitcoin scam and it can contribute to the Filipino investors to afraid in investing bitcoin.

https://www.rappler.com/nation/199915-filipino-couple-amasses-millions-bitcoin-scam
Just John
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April 10, 2018, 11:11:47 AM
 #174

Your cryptocurrencies are as safe as you secure them. Make sure your private keys and passwords are properly stored and secured. The developers have done their part to make it secure, it's up to you to keep your coins safe.

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cryptolandlords
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April 10, 2018, 11:14:44 AM
 #175

There is nothing on earth that is totally secure and safe, just make sure you protect your wallet by not clicking phishing link and don't  expose your private keys and password.
Renzarra
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April 10, 2018, 11:40:07 AM
 #176

Depends, how much you take care of your security that much is Cryptocurrency is safe.
Some things could always be better, but everyone should take care of his investment.
nightfury
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April 10, 2018, 11:53:11 AM
 #177

It's not alarming already since we know that hackers are everywhere wandering on the web just to find a prey. There is no safe system, IMO and what we can do is us to be vigilant at all times to counter them firsthand.

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goaldigger
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April 10, 2018, 11:54:07 AM
 #178

Hackers are everywhere and if they want to hack you they can, the only thing we can do is to prevent it. Additional to all the tips given by these amazing people, heres mine.

- dont post on social media anything about your bitcoin account most probably for people who screenshot their wallet to boost their ego and to tell people they are rich.

- dont tell your account to anyone even to your friend, specially on email or messenger or any chats.

- dont give some informations from unsecured sites or out of the blue phone calls specially when they are so suspicious.

Prevention is always better than cure, and we should be careful on using internet to prevent from being a target.
crypto_nd
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April 10, 2018, 03:05:10 PM
 #179

With all that money 400 million dollar and still they can't secure their money. To me I find it hard to believe that crappy story, this is an inside job. Though I know that no matter how high your security is someone will some how crack it but then with 400million the company is in position to get the best and recent technology for proper security.
If you can't secure your money what else can you secure..

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DigitalFox
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April 10, 2018, 03:08:27 PM
 #180

It's about as safe as your credit cards, bank accounts or personal information. If you leave your doors open you can expect to get robbed, right?

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