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Author Topic: With Hackers everywhere, How safe is Cryptocurrency?  (Read 3198 times)
qwerty12
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September 09, 2018, 11:00:12 PM
 #741

This depends on what you mean by safe. The protocol of the cryptography has a strong security track record, the most common vulnerability of crypto is in user error. And If you're worried about someone hacking your wallet, the underlying cryptography for Bitcoin has been studied in detail and is believed by experts to be secure. Assuming that you choose a strong password for your wallet, your Bitcoins should be safe from theft.

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September 10, 2018, 02:25:09 AM
 #742

maybe these hackers are indeed a tremendous threat they can steal all the assets that you have but maybe you can handle it by making more security for your wallet one of them add security like google authenticator or other confirmation that is connected with the device you have and you use every day.














 

 

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Ledy Alise
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September 10, 2018, 06:58:25 AM
 #743

Everything depends on yourself how good care you will take of your money. If you will acknowledge all the precautions - no hackers could come near you. Watch your money yourself and there is nothing else you should be worried about

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September 10, 2018, 07:55:59 AM
 #744

Well, the money inside our credit card or atm card is never safe. I've seen many upgrades from banks to avoid their customer's getting stolen especially by skimming but it still happens. I think crypto is still safer than the atm card we use but we should just spread awareness to lessen theft cases while my advice for exchanges is to tighten their security much more or hire exceptional hackers to help them on that issue.
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September 10, 2018, 06:19:39 PM
 #745

As safe as you're acting with your devices , buy a device that you only use for crypto (for example some cheap laptop)
and don't just have all of your coins on your pron browsing, cracked video games installed Pc.
Also buy a ledger or a trezor
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September 10, 2018, 06:44:47 PM
 #746

Hackers are everywhere  much more in fiat than crypto. If we take care of security base than crypto is much more safe than fiat
Blockchain can improve security a lot
Any data can be encrypted in blockchain if they are used we will know that
There are already project like that i really don't know why that technology has been not implanted by big players


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September 11, 2018, 08:43:08 PM
 #747

It is true that there are hackers everywhere but you can keep your cryptocurrencies safe by keeping them in a reputable wallets and making sure that you don't leave your cryptocurrencies on exchanges because those exchanges may be vulnerable to attack.

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September 11, 2018, 09:09:47 PM
 #748

Yes we have hackers all around buy the truth is that people will need to be educated on the safety precautions of their wallets and they will be fine.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 11, 2018, 09:48:02 PM
 #749

We are now in very much advanced digital age.  The technology that has been enhanced through time and being taught to schools and universities.  Some people even at early age who has the brain of an adult genius sometimes tends to become super genius but only to use it in some illegal activities such as hacking.  Why would you suffer from working in a prestige company but the take home pay may not be sufficient, when you can be rich by doing the thing you mastered the most?  This could be the possibility why there are hackers everywhere, around the world.  It all started I guess from making viruses for the computers, to disable soft wares and programs.  Then interfering the access of private accounts of classified information up to cracking the codes and pins of monetary accounts to steal from small to big amount of money.  What ever we do, what ever science or technology brings us, how ever every country's government does, these hackers will stay and would stay forever doing what they do best and that is hacking.
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September 12, 2018, 03:11:46 AM
 #750

Well, when it comes to money. We really can't avoid this kind of stuff. Scammers, Hackers, Fraudster and so on. Specially in cryptocurrency wherein we're in our personal information is hidden. We're anonymous. So getting tricked is so easy. Doing this kind of bad things is easy because no one knows our information. So i really do suggest just be more careful when it comes to your private keys. Make sure that it is hidden where no one can access it and also dont trust anyone unless you really pretty know that person your speaking with.
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September 12, 2018, 03:24:35 AM
 #751

Hackers are everywhere  much more in fiat than crypto. If we take care of security base than crypto is much more safe than fiat
Blockchain can improve security a lot
Any data can be encrypted in blockchain if they are used we will know that
There are already project like that i really don't know why that technology has been not implanted by big players
I firmly agree with you. There are a lot of hackers and spmers in the fiat currencies rather than the cryptos. I was been ripped of by an scammer much easily in fiat and also i was not able to recover that loss.
Blockchain technology gives us the ease and security of transactions along with its benefits of non-traceble. Blockchain technology always goes great but it has some kind of drawbacks.

If we loose or leak our personal credentials like public key, private key, etc than our funds can be unsafe and it could cause us to loose our money. There have been a number if solutions indeed for this situation like hardware wallet, cloud storage, etc and a person who is deeply related to the cryptocurrencies and have knowledge of each such possible thing than he could indeed be much more safe.

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September 12, 2018, 03:45:00 AM
 #752

a solution that i want to share is try the cold wallet, a cold wallet is an offline storage device that can only be accessed physically. a hot wallet, on the other hand, is stored online and can be accessed through the internet. The advantage of a cold wallet over a hot wallet is that the latter is not accessible online and is therefore not prone to hacking.
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September 12, 2018, 08:22:09 AM
 #753

You can keep your coins into exchanges but don't do it for a long time because there are no guarantee that the exchanges still alive and running for a long time. so no matter what you will do, make sure that your account in every exchange is safe by activating 2fa, email verification for withdrawing and deposits, or if necessary, you can activate SMS verification and email verification too.
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September 12, 2018, 08:57:22 AM
 #754

What I see, Bitcoin and Altcoin is safe, I don't think anyone can hack a cryptocurrency technology system and so far, there have been no cases of cryptocurrency being hacked. Those who are vulnerable to hacking are our exchanges and wallets. actually, it's not difficult to avoid this, the way is how you are responsible for maintaining your virtual assets and your wallet. One easy way that can be used is to limit each form of money in a certain amount. do not store eggs in one basket, so if bad things happen then we don't suffer too much .
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September 12, 2018, 04:30:44 PM
 #755

Hackers are everywhere  much more in fiat than crypto. If we take care of security base than crypto is much more safe than fiat
Blockchain can improve security a lot
Any data can be encrypted in blockchain if they are used we will know that
There are already project like that i really don't know why that technology has been not implanted by big players

True. Cryptocurrencies are safe as you want them to be. If we compare them against fiat, then cryptocurrencies they're a lot safer, and flexible than traditional currencies we've been accustomed to for a very long time. For the average person, it's recommended that you make your own research on how to properly secure your cryptocurrency funds against hacks or theft. Keeping yourself updated with the latest practices to secure your crypto funds, will make it nearly impossible for a hacker to successfully gain access to your money.

There are many ways you can do this from using a cold storage wallet with keys that had been generated offline, to using hardware wallets for all your transactions, and more. If you stick to this, then cryptocurrencies would be all you need to secure your money for a very long time. But be aware, that if hackers know that you're a cryptocurrency user or enthusiast, they'll do whatever they can to try to get access to your hard-earned money. It's important to know this, to stay away from any possible threats or gimmicks created by hackers to fool you or it will cost you dearly. Cheesy

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September 12, 2018, 04:49:09 PM
 #756

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 ?

Well I think if you are aware of it you must have to be more careful, stop the easy go lucky attitude in his platform, cause hackers nowadays were very genius when it comes to technology, and if you are a vig fish they will o anything to catch you, be observant on the ads or links that was being send to you, dont be so easy when it comes to investing and giving personal info.
Yes, sometimes hackers also work behind a system screen, making users trust hackers, by providing multiple sites that can guarantee victims, but all depend on users, users must have sharp research so as not to fall into the hands of hackers.

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September 12, 2018, 04:53:07 PM
 #757

It's not just cryptocurrency, hackers and scammers steal identities,  bank information, and other personal details.    don't spread fud about cryptocurrency.

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September 12, 2018, 05:29:39 PM
 #758

I'm also convinced that the cryptocurrency is more protected from hacker attacks than the fiat currency. But one of the main problems of protection is the human factor. You need to be very careful and circumspect with the letters that come to you via email. Don't navigate through unknown links, carefully check the addresses of web sites. All this basically affects the leakage of your funds from your crypto wallets.
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September 12, 2018, 06:01:49 PM
 #759

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 ?

Well I think if you are aware of it you must have to be more careful, stop the easy go lucky attitude in his platform, cause hackers nowadays were very genius when it comes to technology, and if you are a vig fish they will o anything to catch you, be observant on the ads or links that was being send to you, dont be so easy when it comes to investing and giving personal info.
Yes, sometimes hackers also work behind a system screen, making users trust hackers, by providing multiple sites that can guarantee victims, but all depend on users, users must have sharp research so as not to fall into the hands of hackers.

Well if you think about it, nothing is really safe from hackers and that goes beyond crypto especially diligent ones. I really think wallets in general are safe unless you get careless with it so you need to secure your coins in one and take care of your private information.

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September 12, 2018, 07:23:57 PM
 #760

What we need to do here is very simple. Be very careful when logging in, especially when you are a member of sites you do not know. I do not think you will suffer too much unless you share your passwords with the sites and people you do not know.

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