How safe is Bitcoin? ✅

[Skieleton]

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?

All you need to do is use the offline wallet. I recommend TREZOR I do not know better protection bitcoin and ETH ...

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[lani123lani]

Bitcoin is safe as long as we know how to maintain our credentials, and As long as your private key is secure, your bitcoin is safe. Because it is not possible to penetrate other people's wallets without knowing your private key.

[Rosa Paula]

Safety will depend on your own specific manner that in what capacity will you control it. On the off chance that all you store your everything data about your record, at that point your record will safe. In this regard, you should more cognizant to safe your record.

[haidil]

Bitcoin has no such safety net. If your Bitcoins are lost or stolen, there's no intermediary with the power to make you whole. There are two basic ways to hold Bitcoins. You can participate in the Bitcoin network yourself, storing the keys to your Bitcoins in a wallet stored on your hard drive.

I think for that it should keep your private key safe personally so nobody knows because it's a secret, I think it would be safe if you always keep the private key secret and avoid web

[Blackwhite69]

Safety will depend on your own specific manner that in what capacity will you control it. On the off chance that all you store your everything data about your record, at that point your record will safe. In this regard, you should more cognizant to safe your record.

It's just in yourself, how much you trust your Bitcoin and do not provide information that gets people interested in taking your Bitcoin.

[pushups44]

Bitcoin is only as safe as the person who uses it. I recommend using a hardware wallet, updating your security, and using Linux whenever possible. Make sure you use different passwords for different accounts. The protocol itself is very safe.

[sureblinks]

bitcoin has no such safety; If your Bitcoins are lost or stolen, there's no intermediary with the power to make you whole.or better still delegate to all these third party wallet service.

[cryptosuotor]

Stories of million dollor hacks,an unknown creator,and scam ICOs all may have you wondering, Is bitcoin safe as an investment for my money? Even with the negative stories that seem to flood the news at times, Bitcoin is actually more safe and secure than most financial systems, but taking time to learn about how bitcoin works and investing in a secure wallet is essential in keeping your bitcoin safe.

[Blackredeemer]

In terms of transaction safety, I believe it is, but in terms of keeping it (i.e. being hacker-proof) or investing in it for hodling it is highly risky. Nevertheless, I think it's worth it, anyway

[NereuFajardo]

Bitcoin is more than safe if you know what you are doing in there, otherwise, don't expect to make huge returns in here because that is the main way that it works. We all trust bitcoin in here, and you can not discuss that actually.

[Fretcy]

Bitcoin is highly secure and transparent as all the transactions are clearly recorded in the public ledger which can be viewed and audited at any time so there will not be any third party interference in the bitcoin transactions as all the transactions all over the world will be recorded  the transactions deals will be done only with the sender and the receiver and no one has the authority to control the transactions so there will not be any manipulation issues which makes the bitcoin network more safe and secure. Only the users will have authority over their bitcoins which gives a sense of financial freedom to its users, the users only need to secure their bitcoins in a safe and secure offline or hardware wallets as online wallets are prone to hacking.

[bajigur894784]

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?

It is undeniable that security in storing bitcoin is the most important thing and a priority for all of us. Especially if we are going to keep Bitcoin for a long time, we should know how to keep our Bitcoins safer and generate huge profits in the future. and I think, the best way to keep bitcoins safe, is to use a hardware wallet.

[dbijoy]

BITCOIN is to be saved by the 'lightning network' in an attempt to overhaul the cryptocurrency's costly and time-consuming transactions amid a crackdown on the digital token.Bitcoin's price might well have risen over the last year, but over the same period, its value as a means of exchange has rapidly diminished leading many firms to abandon headline-grabbing plans to accept payment in bitcoin (BTC) now that scaling issues have rendered BTC transactions as costly, time-consuming and increasingly rather pointless.

After a number of high-profile firms including Steam and, for a short time, Microsoft withdrew the ability to pay in bitcoin from their platforms, Stripe, a mainstream finance firm used to allow businesses to complete financial transactions online, announced it was also set to scrap support for bitcoin payments.

[atom2080]

For me the best way save my bitcoin is hardware wallet
In  My opinion more secure than a desktop wallet. These wallets are bits of hardware, external devices like USB sticks which you can carry around on your person. An added benefit of a hardware wallet is the complete anonymity with which you can transact. There is no personal information linked to the hardware, so no identifying data which could be leaked.

[ansarose1]

It is safe if you are hiding your personal information and you make a password that is rare according to your account, although there are so many hackers that are able to get initial information about your account. In my advise make sure to make secure account and password that is hard to get.

[Thecryptocurrency09]

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?

Right now, no one couldreally determine how safe bitcoin is. As time goes by, a lot of people choose to go unto the easy way rather than the hard one that will be enough for them. Bitcoin is run through out the internet and by that, it simply state that some people may choose to go to this easy way which causes them to commit crimes.

[Ekanenf]

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.

Even hardware are not completely safe if some damage occurs to the device with forgetting 25 words to restore old wallet with new device but it still best choice along with paper wallet . right now people fear the dump only because many bought bitcoin at high price .

You are right about this. So what's your take on security?

This thread is a little confusing for me, because bitcoin is already safe, I think what OP mean is how we should secure our Bitcoins. Hardware wallet is the best choice to do that, if you worry about forgetting yoir private key then just simple made a back up of it, problem solve.

[Olga1111]

The best way to protect all your cryptocurrencies is to use a stand - alone wallet instead of an exchange and online wallets, as it will protect you from any online attack. And since most people own a private key to the wallet, just keep them safe.

[bayy43]

I think bitcoin for me is safe, as long as we know how to keep it and lock your bitcoin as much as possible

[edzleochico6]

Bitcoin's safety is up to the hands of its owner. Itbis safe if the owner really treasure it's value. But if the owner keep on entering unsecured sites and transactions, his/her BTC's in grave danger.