The reason why Bitcoins is the safest system

[merrillolive]

The BTC is very transparent, secure and unclear, but as far as I know it is unclear whether the MOF is anonymous so many countries do not accept BTC.

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[NEERAJ ANAND]

It has a oldest blockchain and first one and have highest credibility in this crypto world. Blockchain is a great innovation and bitcoin is on this technology. It cannot be cracked by anyone and no one have control of it.

[Raidal]

I think that bitcoin is very safe because bitcoin controls are in the hands of the owners. We are free to do anything with the bitcoin that we have. Besides that, in terms of transactions, bitcoin offers anonymous facilities in which our identity in transactions can be guaranteed security. Our original identity can not be known much less to be misused so bitcoin does guarantee the security of its users.

[insurgent]

Hey everyone I have heard newbies and other people asking about how safe is the Bitcoins and it's transactions well I think it will be beneficial to have a little discussion on this .

First of all if you own a bank account in a good bank then you should know that its very hard to hack one's bank account, it's almost impossible unless done due to personal flaws, like sharing your key or bank account details or something , you know the system behind Bitcoins and the system behind banking system is same .
Something by the name of cryptography whose Advance form is block chain . It's a complex code involving complex mathematics and the transactions are only completed through very complex and complicated steps impossible to penetrate.
For Bitcoins the same thing operates but with no intervening part or whatsoever , it's p2p direct transactions and this is even more secure and private.

The reason why you hear news like :- someone got their Bitcoins stolen or something is because they have personal flaws , they shared the private keys or the password with someone else..or they used a bad wallet.

It's on you how safe you make it .

I thinks bitcoin is the safest system because the owner is the one who control over on his/her bitcoin. And it is also decentralized and digital. No one can trace the real identity of the owner , not even small infromation because bitcoin users are anonymous.

[DoublerHunter]

Hey everyone I have heard newbies and other people asking about how safe is the Bitcoins and it's transactions well I think it will be beneficial to have a little discussion on this .

First of all if you own a bank account in a good bank then you should know that its very hard to hack one's bank account, it's almost impossible unless done due to personal flaws, like sharing your key or bank account details or something , you know the system behind Bitcoins and the system behind banking system is same .
Something by the name of cryptography whose Advance form is block chain . It's a complex code involving complex mathematics and the transactions are only completed through very complex and complicated steps impossible to penetrate.
For Bitcoins the same thing operates but with no intervening part or whatsoever , it's p2p direct transactions and this is even more secure and private.

The reason why you hear news like :- someone got their Bitcoins stolen or something is because they have personal flaws , they shared the private keys or the password with someone else..or they used a bad wallet.

It's on you how safe you make it .

I thinks bitcoin is the safest system because the owner is the one who control over on his/her bitcoin. And it is also decentralized and digital. No one can trace the real identity of the owner , not even small infromation because bitcoin users are anonymous.

Beside from being anonymous that a lot of people really like because they want that anonymity because they will not be bother for their personal information if they will be sending to money, payment or bitcoin to the other person that they don't really know or trust and beside from that, it is also very safe because the hackers cannot hack bitcoin unless they have quantum computers.

[jojowar]

Bitcoin is the safest system compared to other financial systems because there is no third party involve and there are two security passwords feature on it.

[ironman2014]

Hey everyone I have heard newbies and other people asking about how safe is the Bitcoins and it's transactions well I think it will be beneficial to have a little discussion on this .

First of all if you own a bank account in a good bank then you should know that its very hard to hack one's bank account, it's almost impossible unless done due to personal flaws, like sharing your key or bank account details or something , you know the system behind Bitcoins and the system behind banking system is same .
Something by the name of cryptography whose Advance form is block chain . It's a complex code involving complex mathematics and the transactions are only completed through very complex and complicated steps impossible to penetrate.
For Bitcoins the same thing operates but with no intervening part or whatsoever , it's p2p direct transactions and this is even more secure and private.

The reason why you hear news like :- someone got their Bitcoins stolen or something is because they have personal flaws , they shared the private keys or the password with someone else..or they used a bad wallet.

It's on you how safe you make it .

I agree with that 100% most of the cases where cryptocurrency wallet gets hacked or whatever else happened while people are losing their crypto money, it is a flaw of the particular person and not of the system.

[Blackrain13]

   Bitcoin is the safest system because no single authority controlled it and because of it's anonymity unlike in a bank that you need to fill up many forms including your identity. But in terms of online digital currency bitcoin is still not safe because of some hackers and phishing sites. Well,actually there is no safest system in this world,everything will be broken,stolen,loss and hack because all of this was created by a people with only new technology and this people are also able to destroy it.

[Eclipse26]

   Bitcoin is the safest system because no single authority controlled it and because of it's anonymity unlike in a bank that you need to fill up many forms including your identity. But in terms of online digital currency bitcoin is still not safe because of some hackers and phishing sites. Well,actually there is no safest system in this world,everything will be broken,stolen,loss and hack because all of this was created by a people with only new technology and this people are also able to destroy it.

Yes, whatever it is and whenever it is, we are not still safe and even bitcoin, scammers are anywhere and its really hard to stop them. But in terms of bitcoin it was safe especially to the government becuae it was decentralized and even them they cant control the change in value of it.

[The Cryptologist]

Sorry pal but it is not. We will only benefit its convenience but not the total security. We need to have online connection to make a transactions and when you are online, hackers will always have a chance to hack your bitcoin. Not directly, but it could be that you are not aware that they already injected the virus in an ad or in a trending video you've clicked.

[williamcastaneda]

purses for digital currencies are now almost safe from hackers because they almost have 2FA security other than that network participants have their own private Key which is only known by the owner. This key is tasked like Pin to make transactions, and acts as a personal digital signature.

with this security I'm still worried about 2FA protection,
Because if the user forgets the key, everything will disappear

[gidaahmad]

By its Decentralized nature, Bitcoin has a secure privacy and transaction system. And moreover every transaction is stored with Blockchain technology transparently.

[Blackwhite69]

The only crypto that cant be hacked is AML Bitcoin because it has an Anti-Criminal and Anti-Theft technology.  Come and see it yourself!  https://amlbitcoin.com

It's something interesting that no one can hack into this. I'm interested in your words.

[princeyeboah]

Bitcoin is the safest because the total security of Bitcoin in a wallet lies in the care of the holder and not any third party interference. Third parties might be responsible for creating a breech in security.

[mackenzie5]

Bitcoin is one of the major crypto currency with the strong net work systems.It is a modern form of economy connected with the modern technology including the computer literacy. Bitcoin is a decentralized one so there is not any government or central bank control over it Anonymity means only the buyer and seller knows each other and not any third party interference .Its all transactions are recorded in an electronic ledger with the block chain technology.The introduction of the block chin technology ensures its security systems very sound.Because of the above criteria bitcoin is considered as one of the safest systems

[mudra102]

Bitcoin is a new technology that makes it easier for financial services and it is cheaper,Its easy to transact in bitcoin and so many opportunities are there to invest in bitcoin.That makes bitcoin safest currency

[tungaqhd]

Bitcoin is the safest system because it have many users and developers who are trying to make it better every day, find bugs, security holes and fix it, add more wonderful features.

[Sircoss]

The first main reason is the decentralized system. For me personally it is main reason why I use Bitcoin. I want to be independent and as a result I don't need the government know how many money I have. It is really cool.

[mrbamboo]

With Blockchain's block-based data streams, Bitcoin is absolutely secure and user-friendly. That's why Bitcoin attracts users, especially those with a lot of assets. Bitcoin is a mathematical algorithm that no one can replace, adjust, swap related values. Bitcoin is very safe and effective for trading activities.

[mrbamboo]

   Bitcoin is the safest system because no single authority controlled it and because of it's anonymity unlike in a bank that you need to fill up many forms including your identity. But in terms of online digital currency bitcoin is still not safe because of some hackers and phishing sites. Well,actually there is no safest system in this world,everything will be broken,stolen,loss and hack because all of this was created by a people with only new technology and this people are also able to destroy it.

Yes, whatever it is and whenever it is, we are not still safe and even bitcoin, scammers are anywhere and its really hard to stop them. But in terms of bitcoin it was safe especially to the government becuae it was decentralized and even them they cant control the change in value of it.

Not necessarily. Bitcoin is very secure for users, and completely confidential for the user's personal problems. But Bitcoin is a currency. Money is easily transferred from one person to another. When money is in your hands, it is completely safe. But when you are not able to hold money, it is no longer sure for you. The problem is whether you know how to preserve it or not.