How safe is Bitcoin? ✅

[anume123]

Bitcoin is safe and I have been using it for a long time and it's been a long time ago and it's still popular in the world. Many people find it here and there's a bit of issue with bitcoin today so its price is down now.

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[Coleth]

Bitcoin are safe depending on what wallet are you using. For us in our country i can say that our Bitcoins are very safe because of our digital wallet which has a passwords and passcodes. You cannot just open it if you don't know its four digit pin codes. So it will depend on what wallets are you using.

[karagun125]

I think it is really safe and secured for aw long as you keep your password with you.

[dadanpradana]

to secure your assets may be in need of extra strong security and broken into three parts, suppose you have 100 Bitcoin then just save it in three different places, his example

hardware = 60 Bitcoin
online wallet = 30 Bitcoin
wallet exchange = 30 Bitcoin

so when there is one hack, there may be some leftovers in safe right.

[John Williamss]

Two years ago, almost 120,000 bitcoin worth around $78m (£58m)were stolen from Hong Kong-based Bitfinex, one of the most popular cryptocurrency exchanges, which resulted in a 20% drop in the value of the currency at the time. You can see this as an example of how secure Bitcoin is?

[Michael Thomass]

If you’re wondering whether bitcoin is a safe investment, the short answer is no. That’s not necessarily a knock on bitcoin: All investments bring some risk of losing money. I say one more time that : NO investment is Safe.

[Kathleen Gomess]

From the beginning of 2017 until now, the topic of "Bitcoin" or "Bitcoin investment" is becoming the focus of the media, the world in general and Vietnam in particular.
 In Bitcoin's blockchain, the shared data is the history of every Bitcoin transaction ever made: the accounting ledger. Theoretically, there are two things that make this system irreversible: one is fingerprints. The only encoding for each block, and two is a "consensus protocol", the process by which nodes in the network all agree on a shared history.
  The fact that a system works like Bitcoin - or other electronic currency - does not mean completely safe. All of this is theoretical. Make them much harder.

[Anna Whitee]

According to experts, electronic money or cryptocurrency is a form of exchange using encryption to ensure transaction security and control of newly created currencies.
This money is exchanged directly with an Internet connection device without the need of an intermediary financial institution, which minimizes transaction costs.

[Harah]

Bitcoin is safe if you learn how to become safe for all of your investments,
This is a digital currency with unknown identity that everyone can transact from one person to another with out knowing the true identity.But we believe the process and we earn because of this system.And we must to learn and educate ourself and with correct storage practice to make our bitcoin safe.Because its precious just like gold
.

[Kathleen Gomess]

When you purchase Bitcoin it’s likely that you will be doing it on an exchange. An exchange is like a market where cryptocurrencies are traded between each other or for fiat money (Dollars, Pounds, Euros etc). Although there have been some horror stories about exchanges being hacked, most modern exchanges are secure and safe to use. However, if your Bitcoins are sitting on an exchange then they're not technically in your possession. But an exchange is not a bank. It’s a service designed to transfer cryptocurrency and not a place to store it long term.

[EnricoGomez]

Bitcoin should be safe as far as we know it, people themselves are just the harm.
Wallets, over-all and if yours is actually legit and trusted, should work the same way; there are barely cases of "hacking" on it or technological errors or whatever you want to call them. Safety and security depends on the user itself, take up proper precaution & do acquire more knowledge on the field.

[Shiversnow]

The best way to keep your bitcoins safe, is to use a hardware wallet that have stronger cryptography that web wallets.

If you store your coins in exchanges you are most likely to lose them, because exchanges receive the most cyber attacks.

The simple and basic way to keep your bitcoin safe and secure by just simply put it in a trusted site so that you can assure your bitcoin is safe. Do not ever try to put it in a exchange because there are some cyber attack and they will steal your bitcoin. Hence, you must use a trusted wallet or you put it in a ledger or simply called as hardware wallet.

[speedy1987]

Bitcoin is well known for its safety. The biggest dangers are mainly hacker attacks on third party services, through which one accesses his bitcoins. These are above all the various crypto exchanges on which the users have created accounts or the bitcoins stored locally in wallets.

Basically, either the exchange itself is directly attacked, so that data can be stolen there. The biggest known incident was the hacker attack on Mt.Gox about 4 years ago, when a huge hack of Bitcoins was looted. This was also the reason for the decrease of Bitcoins 2014.

Today, the exchanges have improved to prevent such occurrences, because it can come to hacks and the trade is severely restricted or even stopped completely. This often leads to strong price fluctuations, mainly caused by so-called panic sells.

An equally large attack surface offer individual mistakes that can easily be prevented. Individual mistakes are the responsibility of individual users and are often:
- insufficiently secured user accounts due to weak passwords
- Login on a phishing site
- send the private keys to a scammer

If a stranger has once gained access to your own accounts, he can quickly transfer the entire balance to another wallet and due to the anonymity, it is no longer clearly comprehensible. For such a kind of total loss helps therefore only a careful handling with your personal user data.

But as long as you follow to the usual security rules and pay attention to secure passwords, which you should also change from time to time and do not use the same password on many other pages, an accident normally cannot happen.
The high demand and high competition between exchanges has also contributed to the improvement of safety standards.

How make you sure to safe your Bitcoins?

Yes thanks for the information. I am using coinbase wallet to save bitcoin. This is really safe and secured. Many of them told online wallet hackable. Yes but from day 1 am using this wallet. I havnt face any issues here. So i do prefer coinbase wallet.

[Vart4varta]

Let's not go into cryptography or discussion about the security of the code. It is enough only to try to do with bitcoin any operation. If you just joined the system, then first you need to buy this bitcoin. And then it becomes obvious that without third parties this is practically impossible! And who are these persons? Correct: exchanges, exchangers, electronic wallets, banks, etc.

[dario.93]

I use our country wallet for 1 year and never experience bad

We are safe here in crypto base in the system on how it works

Use different wallet and activate 2fa so your so secure

Great idea but if in my country Bitcoin is not legal I can't create the wallet. I think that if you want to be saved you must use only original sites of the crypto market.

[Jedabucol]

Best use offline wallet to ensure security. Keep your private keys safe and I install antivirus on my phone and bitcoin wallet will safe.

[vidivici]

In my opinion, bitcoin is very safe. Bitcoin uses a decentralized system that allows us to control our own bitcoins. No third party has the right to interfere in our affairs in using our own bitcoin. Then bitcoin offers anonymous facilities. This anonymity allows us to transact safely and confidentially. We can use a false identity in transacting so that the state authorities can not track us. Other than, this anonymous facility is useful to avoid irresponsible parties in using or stealing our real identity.

[hakertajniak]

actually bitcoin is very safe because there is no one can get your seed or key unless you exposed them.
most cases are peoples wallet get hacked because phishing sites, malware, suspicious links and others.

[melonbtchunter]

My bitcoin is safe as always in my online wallet. I think this are best of all wallet. It is very important for every user. I cash out some of my bitcoin and the other. I put  my alternative bitcoin wallet also and  my pc for the best extra precautions.I aslo use hardware wallet or paper wallet.

[Gyugita]

My bitcoin is safe as always in my online wallet. I think this are best of all wallet. It is very important for every user. I cash out some of my bitcoin and the other. I put  my alternative bitcoin wallet also and  my pc for the best extra precautions.I aslo use hardware wallet or paper wallet.

it is the best way to protect bitcoin because just using online wallet alone I think is not enough, phising often happens, it must be with extra security so that our bitcoin is more secure