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Author Topic: Can we make sure that our money we invest in Bitcoin is safe?  (Read 3752 times)
kauban2018
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April 22, 2018, 08:33:23 AM
 #1

I just want to know how those people behind bitcoin secure the money they will invest because as far as I know there are lots of hackers all over the world.

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April 22, 2018, 08:42:19 AM
 #2

Before investing your money in any product first, you need to learn how to safeguard those investments. Similarly, there are many options for you to keep your coins safely so you need search this forum and learn.

You can store your coins in a paper wallet or hardware wallet or in a desktop wallet and protect your PC from licensed version antivirus software. Finally keep your seeds and private keys safely.
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April 22, 2018, 08:47:27 AM
 #3

It's true that many hackers used to be the world, but we can also use 2FA security or we could store our bitcoins in a nice and trusted market wallet that has good security.
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April 22, 2018, 09:09:25 AM
 #4

Hardware wallet and paper wallet are the safest, also, you can trust on 2FA system if you store your Bitcoins at online wallets.
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April 22, 2018, 09:12:54 AM
 #5

Check your suppliers for buying coins: Where do they register? What about the security measures they use? Is it a big exchange from BTC-e, Bitstamp, Kraken, or a reputable channel from Coinbase?
Never put the wallet address in the same place as the private key
Only use your own mobile phone or computer for trading
Spread your Bitcoins in several smaller wallets
Use multiple wallets, online, desktop, mobile, offline
Back up all your wallets in an offline hardware device
Use wallet encryption - third-party encryption software such as DiskCrypt or BestCrypt is the ideal choice
Upgrade online wallet software
Use deep cold storage - encrypt the wallet file and place it in an offline device.
Consider the Bitcoin paper wallet and put it in the safe.
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April 22, 2018, 09:13:04 AM
 #6

investing in bitcoin is a totaly save, but first you must know about investing on whatever are is still totaly have a risk
so i don't know what you mean a save is ?
because any investment have a high risk but have a high return

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April 22, 2018, 09:18:16 AM
 #7

I just want to know how those people behind bitcoin secure the money they will invest because as far as I know there are lots of hackers all over the world.
People behind the bitcoin? Its not from some centralized company man educate yourself
The one who work as bitcoin developer are volunteer and they don't secure your bitcoin you have to keep in in secure wallet and have proper backup of your wallet.

Bitcoin network is secure itself so you have to keep your private key securely and never use coinbase, xapo like centralized bitcoin wallet.

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April 22, 2018, 09:21:59 AM
 #8

I just want to know how those people behind bitcoin secure the money they will invest because as far as I know there are lots of hackers all over the world.
That's true now a days many hackers spread all over in cryptoworld, there are alot of wallets that helps you to store you bitcoin in safe place like, cold wallet, offline wallet, paper wallet and etc.

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April 22, 2018, 09:22:34 AM
 #9

The easiest and free method that I know of is just create a separate OS for storing your Bitcoins and don't use that OS for anything other than sending and receiving bitcoins. The only problem this will have is that you will have to dual boot your PC but I don't think thats too much of an hassle as this would mean that your Bitcoins are in a safe environment.

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April 22, 2018, 09:23:02 AM
 #10

Yes, you can protect yourself from hackers. Bitcoin forces you to become responsible for the security of your money and it's a huge advanatage if you know what you are doing. If you have a lot of money in crypto then you should consider buying a seperate laptop which wouldn't have access to the Internet. You can store your private keys on that computer which would force you to sign transactions on it. It's the most secure option right now. Hardware wallets are great, they are really convenient and easy to use, but there are still some bugs in them which are dangerous if you own a lot of bitcoins.

HODLER Open Source Multi-Asset Wallet infrastructure test with $2000 worth of bitcoin for the participants. Read more here: https://bitcointalk.org/index.php?topic=5032817.msg46184177#msg46184177
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April 22, 2018, 09:23:14 AM
 #11

I am very sad if it is now a lot of their bitcoin dropper is something that is feared by all the bitcoin users that now let alone they will take the bitcoin that has become the property of others and I think to overcome it I have to anticipate by installing how things will be can not be cracked by anyone.
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April 22, 2018, 09:25:05 AM
 #12

No investment is ever truly "safe".

As with any other investment there's always an inherent risk that makes the investment, well, an investment.
Now, having purchased BTC and trying to find the best way to store it from hackers is an easier feat. As stated above, there are numerous wallets both online and off, all of these have different advantages and you can choose the one that is right for your needs.

Keep the private keys away from any public sources and don't walk down any dark alleys and you should be able to remain safe. Also, try to always verify the sites you're using are 'secure', as phishing sites are probably your biggest threat.

Happy hodling!
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April 22, 2018, 09:27:50 AM
 #13

There is no effective protection against hackers. If you want to hack, they certainly do. But it is not profitable economically. So I doubt anyone would hack into your wallet. Hackers are United in large groups and for several years can look for opportunities to access the accounts of the exchange. Therefore, you need to store bitcoins in parts in different wallets.
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April 22, 2018, 09:45:18 AM
 #14

Very interesting idea! You have raised a very important topic. In fact, this is one of the most important fears of anyone who owns cryptocurrency. I am also very interested in this when someone gives out the delivered to develop a system of such tracking. ...

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April 22, 2018, 09:54:09 AM
 #15

I just want to know how those people behind bitcoin secure the money they will invest because as far as I know there are lots of hackers all over the world.

Yes there are hackers spread all over the world and it is our duty and responsibility that we invest in bitcoin and crypto market with proper security and we need to check and verify each thing related to crypto market because we are responsible for funds. There are many things you can apply in order to take safety measurements against your crypto investments.Make sure that the exchange where you invest is having highly secured servers and always use Hardware wallets for trading purposes as they are highly secured.

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April 22, 2018, 10:43:17 AM
 #16

which I know to be safe in install 2fa every list in the market market
as well as gmail also in protect with 2fa and others, seta bookmark market site or place of investment let not exposed web phishing

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April 22, 2018, 10:54:17 AM
 #17

I just want to know how those people behind bitcoin secure the money they will invest because as far as I know there are lots of hackers all over the world.

I am guessing we are having at most security in the bitcoin world. I mean come on that is why we made it up until now since 2009. Small or medium hacks will always be there you know. I mean there is nothing in this world which is 100% secure, we are the only one who is creating this world so we can easily breakthrough from anything. So its not big deal, we have to live with some trust and then only this system can work. I am pretty sure for the time being the Bitcoin is most secure way to store your money and transfer as well. You can be sure of that as long as you dont make any mistake in it.


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April 22, 2018, 11:01:30 AM
 #18

You can't do that in sense of profit. Bitcoin is volatile and risky and there is no guarantee that you will get the money you invested back or aditional make the profit.
Regarding hackers Bitcoin network is secure but wallets and exchanges are highly vulnerable. What you can do is not to keep large amounts of coins at exchanges and to use secure wallets like hard wallets and aditionaly secure other wallets like mobile wallets.

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Qartersa
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April 22, 2018, 11:02:04 AM
 #19

I think all we want is safety but with technology nowadays, everybody can have access especially when we enroll or avail ourselves with online services. And so yes, it happens not only with cryptocurrencies but with fiat currency as well. Do not forget that the world's biggest robbery happens in banks and even at the disposal of its employees. Hence, no matter how we all desire safety, things like these happen primarily because that is the down side of technology wherein everything and everyone else is interconnected. Nonetheless, the best precaution you can do is to ensure you do not share your passwords to anyone. Everything else that flows with it is part of the risk we all are assuming upon investing on Bitcoin.
PM.coins
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April 22, 2018, 11:02:26 AM
 #20

actually many ways we can do to ensure that our money is safe when we invest bitcoin, for that I suggest that before investing bitcoin, then you should first learn about bitcoin, as well as its function and usefulness as well as the advantages of investing bitcoin. then learn how to keep our money safe when investing bitcoin and no one else can take it without our permission so there is no doubt in bitcoin investing and not having a bad view of bitcoin someday. one of the ways to keep our money safe when investing bitcoin is to keep the password in the bitcoin wallet adress properly and correctly and make sure no one else knows the password other than us, it's one way to secure our money in bitcoin investing. another way you can open the browser or follow this forum because here has been explained many ways to secure our money from theft in investing bitcoin.

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