How safe is Bitcoin? ✅

[alihassan99]

nothing is safe .. even your cash.. you have to make thing safe.. your life, your investment by chosing something good and having privacy.. so i will say bitcoin is safe if you make it safe by your ownslef...

[Aleksandr_ov]

Bitcoin is safe, but not saving your money, it involves losing all your money, as if there are coins and coins, and the password is neither

[stiffbud]

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 just have a bitcoin wallet installed on my old android device whose wallet is backed up in my external hard drive which I rarely use. So whenever I have to transact I access that old mobile and for rest of the time it's kept inside my cupboard. I always use the same address to accept payments that is present on that old android phone.

[infested999]

Bitcoin is safe and it is normal for the price to fluctuate so much because there are always people who sell and people that buy bitcoin. I consider it perfectly normal and safe 

[aggeyysido]

How can you be sure you're not getting hit by a car? The risk accompanies us everywhere, and the cryptocurrency exchange is no exception.

[Rustandy]

1. Pay attention to storage security issues, the storage place offered by BitCoin is not one hundred percent safe. You will get a virtual wallet that is equipped with a private key. Although it has been given protection, this is vulnerable because your virtual wallet is on the internet network.
2. Be more wary of currency value fluctuations, Although the value of BitCoin shows a positive signal by continuing to increase, it is possible that the value can fall at any time. Global issues greatly affect the value of BitCoin.
3. Be careful of fraud, If you just go along and do not understand the ins and outs of Bitcoin, you can be an easy target of fraud. Many irresponsible people see this condition as an opportunity.

[noictib]

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?

In actual bitcoin wallet is totally a unhackable technology , but if you will hit axe yourself at your own feet then no one can help you in any condition .
First way that we can get hacked by the hacker is , to control the copy paste algorithm , when he will inject his extension in your pc/laptop then in that case every time when you will paste adress of bitcoin will be of the hacker , in this way he will be able to make a better steal of your bitcoin .
Second way through which hacker can hack your wallet is , by access your email id , the hacker can hack you email id by phishing or by another method by bypass of OTP and in that case you will not be able to control your wallet which is third party .
So from.these two ways of hacking we should know that we should not visit at anonymous link , don't give any type of details publicly to anyone or use just your secret personal email id for wallets like things  and keep always care that before to send bitcoin to any adress , double check whether that is the your pasted adress or not .
In this way by we can make our wallet much safe and also we should always try to use official bitcoin wallet instead of third party .

[catherinaos]

I strongly believe in bitcoin and its decentralized technology. Thus, we can totally trust bitcoin and its safe

[alexgreen8012]

Yes bitcoin itself is very secure. Never ever heard that bitcoin blockchain has been hacked. However the wallets whether its exchange or personal wallet can be hacked. We need to be extra cautious while using them.

[gjaoirlaj9865]

I just use a cold wallet to secure my bitcoin, because hotkeys always need an internet connection so they are more vulnerable to attack than cold wallets, so keeping them in a cold wallet is safer.

[yourialfa]

I think Bitcoin is quite safe while you don't make a mistake, I mean that you don't do things that make your wallet hackable like you enter the phishing web and so on. You can also use a wallet like ledger, because recently I used a ledger wallet to secure my bitcoin. So far, my bitcoin is also safe on the blockchain wallet, because I always use it carefully. So bitcoin is quite safe in my opinion

[Kennedy]

I used to say hardware wallet is the best option but unfortunately these days even hardware wallets not so safe. I really like cryptocurrency but it’s true that keeping safe your tokens is not that easy thing.

[mware]

The bitcoin safety since 2009 until now was never compromised in any order. If you do use an exchange, always transfer your balances to a wallet only you control and install 2FA to add security or it is even better to hold them locally in a dedicated hardware like Ledger

[btccointalk]

I feel nothing is completely safe. There is always someone powerful enough to break the system.

[Blackhawk458]

BTC has one of the best maintenance facility that makes btc safer.

[NorthField25]

BTC has a good reputation to be the best safe option of all cryptos.

[Significant254]

Well there is nothing in the world are 100% safe. But Btc is one of the safest cryptocurrency.

[Macai]

Bitcoin is safe because it is a digital money and as long as you will keep safe your wallet infos and not use it in illegal ways. It is the holders care to keep your Bitcoin safe.

[Mikwik]

The best way to keep bitcoin safe by keeping the security and safe in wallets which we use and by keeping our private keys and account details safe
The main problem of BTC was HACKERS  to prevent it our exchanges improved such ouccaraences like if some one want to hack our account or wallet trade is completely stopped and it leads to high price fluctuations mainly puckers and this is called PANIC SELLS.

[ohkkstaaahp]

No one can know how secure they are, so keep your privacy high