With Hackers everywhere, How safe is Cryptocurrency?

[Gibsonlda]

Now they're forcing the exchange of currencies and the withdrawal from there bitcoin and altcoins. Why?  Because bitcoin is an anonymous currency that is not managed by anyone and is fully decentralized. On the one hand it is good, and on the other it is our weakness before hackers. Hackers will not be able to find, after stealing bitcoins from the exchange.

some weaknesses still arise in smart contracts, it can be seen that exchange markets such as bancor and binance have even suffered heavy losses from the coins connected to them, but over time, they also certainly do not want to repeat the same thing, by doing the system rigorous treatment and can often reduce the impact of cracks that can be penetrated by hackers.

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[Haliburton]

If you hold any cryptocurrency, you’ve probably heard horror stories of people opening their wallets to find all of their coins missing. Some months ago, cryptocurrency investor and influencer Ian Balina suffered a hack that drained $2 million worth of cryptocurrency live during one of his regular youtube streams. Also, MyEtherWallet, a popular free web based ethereum wallet fell victim to a DNS attack which emptied the wallets of some of its users.

With all the bad press about millions being stolen through cryptocurrency hacks, the average consumer may wonder why anyone would risk their hard earned money on crypto. As it turns out, cryptocurrency is actually the safest form of currency you could possibly use online today. With some extra effort, you can safely view your balances, send and receive transactions all with near 0% chance of your funds being stolen. Sound too good to be true? It’s simple.

Correct! Cryptocurrencies are extremely safe and secure if you just follow a series of strict guidelines to achieve such purpose. You must be alert, and always check a specific software wallet for vulnerabilities, or verify that online wallets are not phished by another hacker. With good antivirus software, a firewall, and the use of cold storage (created offline) or a hardware wallet, then it'll be nearly impossible for a hacker to penetrate your cryptocurrency funds. In addition, you should NOT keep your cryptocurrencies in an online centralized exchange, as they're the number one target of hackers.

If you're willing to keep cryptocurrencies in such exchanges, then I'd suggest that you just keep a very small amount of coins for trading while the rest is kept safely in your hardware wallet or cold storage. For extra security, you could try using 2FA for all your cryptocurrency-related accounts, to make the hacker's life impossible. It's also recommended to stay away from online wallets, as they have the same risks as online centralized exchanges. Try to use decentralized exchanges for all your crypto trades, and a hardware wallet to achieve peace of mind.

These practices (and several other more) will allow you to keep your cryptocurrency balances safe from hacks or theft for a very long time. I've been doing this ever since I've got into crypto, and so far, my funds are intact.

[laborrdj]

I'm certain bitcoin individuals there know the most ideal approach to anchor their bitcoin account so as not to be hacked by programmers. From 2014 as of not long ago, numerous individuals have lost bitcoin in numerous nations, this is a notice by and by for us that this hazard we can not maintain a strategic distance from. In any case, however much as could reasonably be expected we ought to have the capacity to ensure our record so as not to be effectively hacked as by making twofold verification, spare and don't give you a chance to overlook or lose seed wallet and your key

[budakjawa]

yes you are right at this time there are so many hackers in this world interested in the existence of this cryptocurrency so it is a challenge for those who have cryptocurrency to secure the assets you have.

[Taki]

I guess the thing is not in crypto currencies, but in places of its storage. Unfortunately all computer systems which take a part in every kind of crypto storage have risks to be hacked. If course the level of security of the system depends from many factors, the main from them is how much time and finances the owner putted in all of that.

[juragane]

I suggest that you add security to your wallet that you don't have to let your guard down and don't let this wallet you have has very weak security.

[yatogami]

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 ?

Cryptocurrency "in vacuum" is absolutely safe unless you somehow reveal your personal info (private keys, mails, etc.). Regrettably, we cannot handle our coins without wallets and exchanges, and it is these intermediaries that are mostly unsafe.
So keep your credentials on a separate flash drive and never click links from unknown emails

[ayesha703]

Indeed, I concur. Now and again it is our own particular blame that leads us to be hacked. We were excessively thoughtless and artless which is extremely wrong on the off chance that we need to ensure something so significant. We can abstain from being hacked in the event that we make a move to neutralize or do a few countermeasures like introducing adblockers, metamask and so on.

Crypto can be sheltered and dangerous. Everything comes down to how you oversee and basically see all types of archives before continuing to fill for cash. It is miserable to hear the vast majority being hacked for filling email frames where they were requested to give their private keys. Never be a casualty.

[fairyvibes]

Banks and other financial institutions get hacked as well, its not like this is unique to cryptocurrency.  No matter how secure your system is nothing is 100 percent safe.

[As roma]

Nowadays, when there are so many hackers, the programmers will take measures to protect the system, preventing hackers from invading the user account. But users need to protect their personal and account information. Do not download any software that you find unsafe and do not click on links with strange domain names, maybe hackers use these tricks to take away your IP network.

I think when bitcoin is located on the Blockchain they are in safe hands. It is the task of bitcoin holders to protect their own coins. For the security of our valuable bitcoin, always use a bitcoin-certified cellular wallet. Let your mobile or computer antivirus and firmware be protected. Don't save your private key on it. Don't click on unknown emails or unknown links.
Bitcoin is a digital currency. It can be traded and stored digitally. Bitcoin is a high-value cryptocurrency, because it has a greater risk of hacking. Bitcoin has its own security system "Blockchain". All bitcoin transactions are verified and guaranteed by the people themselves, miners.

[Exclusives]

No matter how strong security is, there will always be hackers who can penetrate it, that is always in my mind.
For precautions :
01. Use your wallet according to what you need. If you trade you can make a special wallet to receive funds from the buyer and send money to trade.
02. Make a cold wallet in the sense that you make a wallet that only receives funds from your other account, and does not receive funds from other people so that it will minimize tracking your wallet from a thief.

[Duogembrot]

actually this hacker is a very terrible threat to the world of internet and in the world of digital currency, but with this cryptocurrency hopefully hackers cannot do money theft because when making transactions on cryptocurrency it will be safer and more comfortable.

[TheClownSong]

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 ?

Bitcoin is safe and if we keep our private key, our bitcoin is fine. Most hacker using third party to hack and stole bitcoin and thats why we should always carefull when we receive supicious link

[NevejElad]

Your cryptocurrency is always at risks for the hackers everywhere , but your wallet is well protected and always follow the guidelines set by your ERC20 wallet ,and do it with safety, those phising sites that you think is dangerous just do not browse it for security reasons, do not tell your private key to anybody,just keep it and store it for yourself only.

[definitee]

Bitcoin was launched in 2009 as a decentralized digital currency, meaning that it would not be overseen or regulated by any one administrator, like a government or bank. Peer-to-peer transactions have fueled the rise of the digital currency world, and bitcoin has been at the forefront throughout. The blockchain is a public ledger used to verify and record these transactions.

[lunaelucemauram]

In these market without learning to protect your self from hackers then you will not be safe, and the same goes in real world assets as there are many scammers and fraudsters that are always in the lookout for people to victimize. With that being said being able to learn basic internet network and basic internet protection skill can really save you form being attacked and getting your assets from being hacked.

[shainasaz]

Yes, hackers are in everywhere so we need to be careful of that to be safe our crypto coins. We are the one that responsible for our own safety so that's why we need to be careful everywhere and everytime we work.

[kennen1113]

actually this hacker is a very terrible threat to the world of internet and in the world of digital currency, but with this cryptocurrency hopefully hackers cannot do money theft because when making transactions on cryptocurrency it will be safer and more comfortable.

I really do not feel secure when we use any technology because hackers are always scary characters, they know how to exploit all the flaws in each technology product, so, as long as we use the technology and have internet connection, crypto or any other product. We can not escape the hacker's gun, they will continue to hunt us and what we can do is more careful than ever, fighting them or evading them is an impossible story, this seems like a war of fate

[Agapelove]

As technology gets high-tech, hackers as well. Their always updated with the latest developement. Platform developers should be very well equipped to secure every aspect of it. Small-time or big-time exchanges are prone to hackers. Better to be wise in saving your coins.

[FlightyPouch]

As technology gets high-tech, hackers as well. Their always updated with the latest developement. Platform developers should be very well equipped to secure every aspect of it. Small-time or big-time exchanges are prone to hackers. Better to be wise in saving your coins.

Not only these platform developers should be very well equipped, we also users should be careful and be well equipped since not all of the time we can ask these developers for help and I think that is a responsibility of a user, to be able to take care and secure their things. Exchanges are still prone to hack, yes that is true the reason we should not always rely on their securities but also we should have knowledge about it so you can take it yourself. Just be careful on clicking links since it might lead to you to viruses and hackers.