How safe is Bitcoin? ✅

[Ethreyes]

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?

I really agree to you.. Today we cant really change the facts that a lots of scammers and hackers are just waiting for us to become their awful victims...  Even we have a hardware wallet but still there are a times that some professional hackers can loot it...  I think it is a common situations here today that we will become a victims of it but if we are aware all the time and we did our best surely we cant prevent it...  But for me as long as we are connecting in the internet it is possible that we can be a victims of it...  Just double and triple your security...

[bitcoinerjawa]

to be able to secure bitcoin you can use the wallet directly on blockchain.com by storing the circulation of bitcoin so you can be safer and more comfortable.

[fluctuations]

The safety of bitcoins depends on where you store them and how they are stored. Bitcoin is safe or not this is due to the owner.

[hilawnasaging]

As we all know that the internet is not really safe. If you thought that Facebook, Twitter, or Instagram is safe, well you're very wrong there. You must keep in mind that our technology of today is very aggressive. It can know where you are, what are you doing, who are you talking to, and might even know your deepest darkest secrets. But because of the hard working developers of Bitcoin, it has been safe since it was created, but be very careful where you are putting them. Even if the bitcoin is safe, your e-wallet aren't safe from hackers. Find a wallet that you think is very trustworthy.

[basyang]

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.

You have a point about that. It is really hard to store your coins in the exchange wallet because it is prone in hackings and some computer virus that can steal your money. Internet is not really safe for our money and that is true. So, if you have an alternative idea or ways to secure your money do it as much as possible. So it will be safe and secured.

[Hiluxury Bitcoin]

I keep safe my bitcoins and other tokens by using a hardware wallet. I also keep secure my 24-word seed. The see is the most precious part of your wallet so be careful keeping it.

I got your point mate keeping bitcoin and other altcoin or token in hardware wallet is really safe and no one can hack it, and otherwise online wallet is also secure but to keeping crypto in online wallet we need to do research about it that how much they are trusted.

[lzby2000]

Bitcoin doesn't have a big problem in security. Perhaps only a quantum computer can crack the key to bitcoin, but it can't be done in the short term.

[satana_igor666]

The most insecure are the purses, where you keep your coins.  All the rest is more or less safe.

[Warbson]

Bitcoin is as private as you want it to be but if you don't take extra measures like Tor then your IP address can be linked to your transactions.

Bitcoin is as secure as you want it to be and the network has never been hacked but if your bitcoins are stored in a hosted or hot wallet connected to the internet your bitcoins can be stolen.

[niktuneable]

Strictly speaking about bitcoin, about the protocol, it is highly secure but there is nothing completely secure, there are always risks, for example 51% attack but nowadays this is very unlikely. If we analyze the bitcoin ecosystem we can find several risks, for example the risks you mention involving exchanges, the apps that stores the coins, even human errors are factible, etc. Then the security of our Bitcoins is our completely responsibility.

[phieudieu]

  To me, people who know what bitcoin is, know how to invest is a bitcoin worthy of a long-term investment because it is an uncrowned property that is tax-deductible and can generate profits, I myself is also investing so, wish you are thinking like you succeed and great victory, thanks!

[hacsoi2799]

There are 4 types of wallets to keep your bitcoin safe:
Hard wallet, Bitcoin mobile wallet, Bitcoin wallet, Paper wallet.
Also, you should not visit phishing sites and you do not provide private keys to others. Your Bitcoin will always be safe.

[codegnome]

Bitcoin is risky when you stolen your wallet privet key. If you don't share your privet key then your bitcoin is safe.

Yup, you must have eyes are open all around, because there are a lot of scammers, that want your privet key. You have to be careful with that.

[swaggerkeme]

The safety of bitcoin typically depends on the user, the decentralization system in blockchain technology ensures that the  systems are highly secured hence the user/owner of an asset such as bitcoin is solely responsible for what happens to his/her digital currency.

[melch100]

Bitcoin is risky when you stolen your wallet privet key. If you don't share your privet key then your bitcoin is safe.

Yup, you must have eyes are open all around, because there are a lot of scammers, that want your privet key. You have to be careful with that.

Yes this is the best way to avoid being hacked, always keep safe of our private keys and never open unsafe and unfamiliar website asking to give our private keys.

[montgolfier]

Very safe unless that you do not know how to protect your keys, by that way, you are highly exposed to lose all of your bitcoins because of a hack or something related to that

[ngamuk tok]

I really trust bitcoin security.
because bitcoin uses the blockchain system behind it, and hacking problems, the probability of occurring is only about 10% and very rarely found the case.

[GreatBug]

You can only lower the risks of anyone on getting your bitcoin by doing some precautionary actions.

Yes, but profit with precautionary actions is not really big. I think better if you are trying to do more risky investment, of course, you maybe not have profits from that, but you earn more on it.

[theblack_cat]

You can only lower the risks of anyone on getting your bitcoin by doing some precautionary actions.

Yes, but profit with precautionary actions is not really big. I think better if you are trying to do more risky investment, of course, you maybe not have profits from that, but you earn more on it.

yes it can be a good choice to get maximum benefits so it must be true to take something more risky which is important we learn about the knowledge first

[denzkilim]

You can only lower the risks of anyone on getting your bitcoin by doing some precautionary actions.

Yep, like keeping your wallet safe and of course your seeds in a safe place if you know what I mean We all know these days there are a lot of hackers sneaking around all over the internet trying to try their luck to hack people's Bitcoin wallet or any other forms of crypto currency wallet by using phishing sites that majority of the time sent on e-mails. Everyone should be vigilant because these hackers will do anything by any means necessary to hack people's wallet.
Take a look at this

On August 2, 2018 I received this E-mail and it is probably a phishing site sent by hackers.

Yes, but profit with precautionary actions is not really big. I think better if you are trying to do more risky investment, of course, you maybe not have profits from that, but you earn more on it.

What do you mean with profit with precautionary actions is not really big? And how come profit and earning doesn't have the same meaning in your sentence? LOL The OP is talking about the safety of Bitcoin funds and I think not about risky investments on crypto currencies.