How safe is Bitcoin? ✅

[Joeyvicky]

 There is no doubt and nothing can get rid of my conviction that bitcoin is safe on my online wallet. AS a digital currency, there is the likelihood being hacked especially when the account is only one. For such reason i always make sure that my alternate account are active with secured passwords so i can operate them without any fear.

[Abdul Wasay]

its totally on you how you save your bitcoins. keep your priv keys safe and dont open any website or link which can access your wallet

[TmottaDing]

To be honest, bitcoin is much more safe than fiat money, because it can not be stolen, and there is no way that you can lose it unless that you forget the private key or the nmenonic phrase. That is why i think that it is very safe

[Stac]

Bitcoin is much safer than banks as the users only have complete control over their bitcoins and no one else has authority like the money in the banks as people's money in the banks are controlled by the central banking system and the Governing bodies whereas with bitcoins the bitcoins users only need to make sure that their bitcoins are safe and secure in the hardware wallets and not in online wallets or exchanges which is more prone to hacking due to the rise in the price of bitcoins the bitcoins is becoming the most expensive asset on the planet which makes arousal of hackers. If the Users are storing their bitcoins in hardware wallets then there is nothing to worry of losing the bitcoins.

[MbakNarti]

Probably bitcoin is not very secure because many hackers rely on bitcoin to make money very easily and they will not get tracked too, so hackers will count bitcoins to do them with bitcoins so I think bitcoin is not very safe but I'm sure bitcoin will be very safe in the next year because maybe bitcoin will improve their system that hackers may not be able to steal your bitcoin kemabli and you also have to be careful in every transaction

[Joyeeta]

Not sure what you meant is how safe is Bitcoin, you most probably mean wallet or exchange or bitcoin itself? Very hard to say as it is not widely used yet, but I believe bitcoin is very secure and have great future unlike some other altcoin.

[wnfakind]

Considering I've yet to lose any funds regarding crypto ever Id say bitcoin and cryptocurrency in general is safe. I've lost more money dealing with financial institutes over the year's than I have had using crypto. Proper mean's to keep your private keys safe and being a responsible and not expecting someone else to maintain your assets and and wealth is easier.

[assyla]

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?

Bitcoin is much safer than any other currency especially fiat money. Which fiat money may snatch by other person easily, while bitcoin wallet may used a private key to open so it is hard to know and snatch it.

[blue_dragon]

My bitcoin is safe as always in my online wallet, i also think that it maybe stolen or hacked sometimes that is why i don't put it in just one account, i cashout some of my bitcoin and the other i put in my alternative bitcoin wallet also and i install antivirus and spyware to my pc for the best extra precautions.

You are right, bitcoin is much safer because of the fact that it is usually put in a online wallet that have a private key before you can open it, while in fiat usually it is being stored in a common wallet and it is easily to snatch or steal it.

[cryptokia]

In talking of security and safe keeping Bitcoin is safe as long as we know how to keep our credentials, accounts details, private keys and personal data to be safe. Our ignorance will be a reason if we will not ensure the safety of our Bitcoin but we can make something to do it better.

[kingter godd]

I haven't heard about any case when Bitcoin was not secure, so I think it is secured well, and we don't need to feel anything, I might be nyan this blockchain technology is Rich and well developed.

[mcabrito]

One of the challenges of exchanges as regard security of votes has to do with the fact that they have to keep some coins online, a hot wallet which makes it vulnerable for individuals. You can ensure the safety of your coins by putting them offline, in paper and hardware wallets.

Well, I do believe that bitcoin is safe now with its current status but when it comes to storing of it I really prefer on some cold wallets with private keys compared to exchanges wallet.

[ethancer]

Bitcoin is not safe at all, but those who don't take risks, don't drink champagne

[Syella.A]

do I secure bitcoin? by storing the password, private key, in a safe place. and install 2FA to add security on the trading site. and provide security in the browser so as not to be exposed to phishing sites.

[franciscoDC]

I totally trusted bitcoin for securing my money ,because it has so many reasons to be not hack easily for example the authenticator ,they can`t enter in your wallet because of this ,so my advice just put some authentication in your account.

[retampan]

Bitcoin is safe in security because it will be never hacked in any way. Every day, there plenty of  node that ready to confirm each transaction.

[bananaohnana]

Bitcoin is very risky, there is no such thing as safety in bitcoin anything happen in an blink if an eye, but you can minimize the risk by taking care your private key and other important accounts.

[euronine897]

I think there is nothing wrong with Bitcoin because it is fail sale by design and the problem lies with us when managing or handling private keys for online wallets or keeping hardware wallet addresses safe from criminals or without loosing them so best way to safeguard Bitcoin is to deal with above matters carefully and it will be alright

[Vineeta2october]

One of the most popular cryptocurrencies is "The Bitcoins". Bitcoin is a digital currency which exists entirely on the digital highway. The major point which creates a robust separation between usual currencies such as Indian Rupee, American Dollar etc... and cryptocurrency such as Bitcoin is that, these Bitcoins involve neither a government nor any financial institution in it's flow. These currencies are completely digital and can be used over internet.

Safety in using Bitcoins can never be guaranteed as their values keep on fluctuating but buying them purposefully and then using them for your definite tasks can be helpful. They still can’t be compared to fiat money.

[Xenrise]

Bitcoins state of being safe is dependent on you. It is you who are handling the money you are putting in bitcoin that's why it is your money and you own the money. Thus, owning the private key in opening your account also, depends on you. If your wallet does not issue a private key then the password. You are the person to let your money be on your watch only.