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Author Topic: With Hackers everywhere, How safe is Cryptocurrency?  (Read 4154 times)
Joannafarrell
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September 13, 2018, 06:15:56 AM
 #761

Altcoin and bitcoin are very safe to use. an insecure one is an exchange site. bitcoin uses a blockchain system with a high level of security. You can see, many hackers are trying to break into the exchange site. not blockchain. that means blockchain is very safe to keep your bitcoin. and don't save your bitcoin on the exchange site.
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Rsamunios
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September 15, 2018, 08:22:54 AM
 #762

Hackers can only take advantage of those who are innocent about their activities. People really need a lot of education about cryptocurrency in general because the fear of hackers are all the reasons some people fear to invest.
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September 17, 2018, 03:26:43 PM
 #763

Bitcoins are held in wallets and traded through digital currency exchanges like Coinbase. There are various security risks inherent in each of these two components. Developers are always improving wallet security, but there are also those looking to access other peoples' wallets illegally to swipe their tokens and coins. In the transaction process. two-factor identification is commonly used as a security measure. Of course, having the security of a transaction linked to an email address or a cell phone number means that anyone with access to those components can authenticate transactions. If a hacker is able to determine some of your non-cryptocurrency-related personal information, he or she may be able to infiltrate your transactions in that space regardless.
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September 17, 2018, 03:42:03 PM
 #764

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 ?

I missed this news but it is alarming. Yes, it is huge loss but they are reall professional coz after all they are still willing to give back into their investors. $400 million ? I do not really want my money or big amount of money to be saved for a long time in online wallet or exchangers. It will be very attractive to hackers. Like example amount inside our MEW can be publicly viewed un etherscan, so as much as possible I am withdrawing it immediately. There are no safe in online.

Ozero
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September 17, 2018, 04:18:02 PM
 #765

Hackers - this is a very big problem for those who are engaged in crypto currency. And the further, the more this problem will increase, because they kidnap very large sums of money. In terms of security for an ordinary citizen, banks are still more reliable. To know how to protect yourself in the crypto currency, you need to understand this well. In addition, sometimes life conditions are such that not everyone can take the necessary security measures. Right now, for example, for over a week someone has been trying to hack into my email account. I receive a message every half hour about a failure in registration and that the entrance to my e-mail address has not been executed. I still can not change it, because it is very much tied and it's all in the work. I hope that the password there is such that it will not be hacked, although I'm not sure about it.

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September 17, 2018, 08:31:49 PM
 #766

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 ?

These exchange hacks always makes me suspicious. Most of them looks like inside jobs. Because it is not possible for the hackers to crack through multiple levels of authentication, unless they have support from someone who is familiar with the system.
Yes due to the unsupported systems many hackers can crack those system especially when they have someone who is familiar with the system itself. But I think for you to avoid those hackers be careful of what wallet you are trying to enter.
yesyes18
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September 17, 2018, 10:49:36 PM
 #767

Hackers are everywhere in the internet and not just in crypto. Your funds are secure so far as you follow the major security guidelines given by the website or portal you save your coins. Strong passwords, 2FA authentication to name a few are some of the security measures you shouldn't play wiith. You should also be very careful the kind of people you work with on crypto. Crypto is not regulated in many countries and so it's very risky to invest anyhow.

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September 21, 2018, 06:35:08 AM
 #768

This is a very big problem for those who are engaged in crypto currency. And the further, the more this problem will increase, because they kidnap very large sums of money.
Scammers and hackers are one of the reasons why cryptocurrencies are extremely risky investment. Before we put our money, we should have a lot of knowledge about what is happening for us to secure our profits. Hackers are everywhere, they know how valuable digital money are that is why they are doing their best to hack accounts and stole others coins.
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September 22, 2018, 09:22:51 PM
 #769

There have been widely publicized frauds, scams, and hacks which have plagued individual investors and even major cryptocurrency exchanges in their short history. Part of the issue is simply that the technology and the space itself are new. While this makes cryptocurrencies like bitcoin incredibly exciting--and potentially very profitable--investments, it also means that there are those looking to capitalize on security holes before they are corrected. All bitcoin investors are advised to take proper precautions in order to best protect their holdings.
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September 22, 2018, 11:39:18 PM
 #770

You really have a lot of hackers trying to take the cryptocurrency that you have, you should be able to provide security for your wallet so it won't be stolen.

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September 23, 2018, 06:26:43 PM
 #771

The bigger a Blockchain network, the higher the level of security. there are two types of Blockchain known, namely Public and Private. Bitcoin Public and Blockchain also have differences in how transactions are verified. Bitcoin is an example of a Public Blockchain. But in terms of security, Public Blockchain has high security because network nodes have been created globally, and consensus is carried out by millions of nodes from all parts of the world. Whereas the Personal Blockchain only has very limited nodes, and this allows hacking.
If you look at the creation and management of the Blockchain Ledger, you can be sure that the network is impossible to hack. However, there are still security risks that arise from third parties such as Wallet Vulnerability, Cyber ​​Attacks on exchanges (DDoS), Fraud in Mining, Double Expenditures. For this reason, we must be careful to maintain security through storing addresses and private keys offline, or on a separate computer that is not connected to the internet network.

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wingsthegreat21
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September 23, 2018, 09:59:50 PM
 #772

Knowing how fast GPU's and brute force attacks are evolving and the duration or length at either end of the transmission  has become so variable I will make sure to send him a nasty email if he is wrong and based on Campbell Harvey's assertion regarding the deep one way encryption providing an almost unhackable method of moving money I may consider buying a Bitcoin or two.
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September 24, 2018, 03:02:35 AM
 #773

How safe is it to have an account in any other bank? Nobody knows, and when you're using your on-line account in your bank it can be hacked as well.
Precautions are the same with bitcoin: do not give anyone your personal details.
Cryptocurrency  is a open for all, it depends to the user of how safe it is, there are hackers everywhere, added the false information that can fool people. You should be aware and prevent the unprotected site you should think before you click. Bitcoin is powerful it can change the impact to world so be wise.

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alonelyorange
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September 24, 2018, 03:49:03 AM
 #774

Many hecker always looking for to access wallet with high volume asset, you can secure and safe your wallet by always be careful with everything you access, maybe you can check correct link before you open your website and check more detail.

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September 24, 2018, 03:49:57 AM
 #775

How safe is it to have an account in any other bank? Nobody knows, and when you're using your on-line account in your bank it can be hacked as well.
Precautions are the same with bitcoin: do not give anyone your personal details.
Cryptocurrency  is a open for all, it depends to the user of how safe it is, there are hackers everywhere, added the false information that can fool people. You should be aware and prevent the unprotected site you should think before you click. Bitcoin is powerful it can change the impact to world so be wise.
All assets or valuable things has always have risk that can be steal even fiat are no escape of that and much more on crypto currency that all are connected by network and if we don't take extra care on our network activity then possibly hacker can infeltrate and steal all our valuable things, so to avoid this situation we must have to avoid as much as we can from phishing site and secure our passworda and any key link to our asset. So the safety of our assets begins with us.

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Supraprit06
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September 24, 2018, 04:15:49 AM
 #776

You will enter with an extra security warning. Pay special attention to the sites that you enter so you are not hacked by pishing and this is very easy to do. As far as possible you will save your password from an online environment
geberger
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September 24, 2018, 10:13:50 AM
 #777

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 ?

The fact that cryptocurrency is computer base and involve billions of money then I am sure that those skilled will surely target the cryptocurrency this is why the assurance of your wallet safety is quite low regarding security.
I think that's the reason why bitcoin and cryptocurrency called risky.But i have strong believe in block chain security i think no one can break it. I fell comfortable with this security.
Howits
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September 25, 2018, 06:02:46 AM
 #778

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 ?

The fact that cryptocurrency is computer base and involve billions of money then I am sure that those skilled will surely target the cryptocurrency this is why the assurance of your wallet safety is quite low regarding security.
You're right hackers are everywhere but that's not matter what they do they can't break the strong security of block chain. I've not hear any news yet about hacking block chain where nice-hash got scammed last year.
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September 25, 2018, 07:24:40 AM
 #779

I think using fission wallets is a preventive step from hacking hackers, this is safer because physical wallets are rarely connected to the internet network so the risk of hacking is less

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September 25, 2018, 09:03:56 AM
 #780

The internet is another unsafe world just like the world we live in now. One is responsible for their own safety so do not expect someone to make the internet safe. Follow simple rules and you will be alright. Your crypto will be safe because there are thieves around us but we do manage to protect our precious items from being reached by those thieves.

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