How safe is Bitcoin? ✅

[sam andresan]

 currency exchanges, financial companies, and payment service companies from dealing in bitcoins or other digital currencies. While it warned the public of risks of bitcoins, and that they are not legal tender, bitcoins are still accepted by small businesses and merchants....

[turagsoy123456]

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 very safe but it depends the user's as well, how they protect their wallet account. I think some bitcoin issue's are stolen by the hacker's it's because of the negligence by the owner. Or some of them  share their password to someone or they forgot to memorize their private keys that's is why they have lost their bitcoin.

[laylava.sted]

You all may have wondering, “Is Bitcoin safe?" or " How safe is bitcoin?" Even with the negative stories that seem to flood the news at times, Bitcoin is actually more secure than most other financial systems. Why? Because Bitcoin uses a decentralized system, there’s not one single point of failure that a hacker could exploit to compromise the network. They would have to find a way to control 51% of the network nodes for this to even be possible. All transactions that you make using Bitcoin are public and irreversible. There’s mathematically no way to fake transactions or make errors in recording account balances. Moreover a transparent ledger of transactions also decreases the risk of fraud and money laundering. Other than that, you don’t need to attach any personal or confidential information when making a Bitcoin transaction or using a Bitcoin wallet, because your personal information isn’t attached to your wallet or transactions, you’re at less risk of identity theft. Even if someone gets hold of your wallet’s private key, they’ll only have access to your funds, not your personal information.

[zarintasnim]

Keep your bitcoin is very important because bitcoin is money and if you lose your bitcoin you lose your all money. Keep your password and private key safe place, Make sure up to date your device ante various. without private key it impossible to take your bitcoin from you.  

[chuyengia2244]

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 very safe but it depends the user's as well, how they protect their wallet account. I think some bitcoin issue's are stolen by the hacker's it's because of the negligence by the owner. Or some of them  share their password to someone or they forgot to memorize their private keys that's is why they have lost their bitcoin.

Yes, that is certainly the main reason. As long as we protect the personal information and private keys of bitcoin, it is almost absolutely safe. We are never subjective and don't trust anyone.

[stewart2012]

Yes, bitcoin is well known for its safety but still, we’re talking about crypto here. So, there is always some risks. Anyway, probably there won’t be any problem as long as we protect our info and pay attention to main rules.

[Shresherya]

bitcoin secure thing  and    legit then ussually used usd, because it cant be forged and supply is really limited.  Bitcoin is more secure than most other financial systems. Investing in a secure wallet is essential in keeping your Bitcoin safe

[lolkick]

We can not be completely sure of the security of our cryptography using wallets. Even the safest of them face problems too. But the one thing we can do is be alert at any time. We will determine for ourselves how secure our own cryptography is through our practice in keeping them safe

[Delinquency]

Best way to keep bitcoins is offline wallets of course but if you are a trader you must keep it in an exchange. As we saw in past any exchange is hundred percent. but some of them looks they have hard securty system and provides reliability. If you keep your bitcoin that way you must use different and strong passwords in each exchanges. Don't click phishing links. Actually don't click anything

[KXC247]

Bitcoin is quite safe if you secure your wallet. Bitcoin was built on a very good technology and innovative technology and the security in blockchain is top notch

[osmo]

I'm sure the bitcoin security that I have in my wallet, to maintain the most important bitcoin security, use a strong password by combining letter numbers and symbols as passwords, because many people use weak passwords. Bitcoin security is in our own hands

[burner2014]

I'm sure the bitcoin security that I have in my wallet, to maintain the most important bitcoin security, use a strong password by combining letter numbers and symbols as passwords, because many people use weak passwords. Bitcoin security is in our own hands

Everything in the world has risk even fiat has risk as well, so no assurance that bitcoin is safe too, it is risky even experts are saying to invest or trade at your own risk because there is no assurance in it too because we cannot control it, anytime it will be gone.

[Violettochka]

BTC is as safe as your actions with it are. If your wallet is secure and you keep your passwords and other info safe, then everything's ok.

[sky4242]

I have my Bitcoin safely. My Wallet passwords and keys are reserved for me. The Wallet password must use the capital letter, number and the small letter.This will make your wallet passwords a lot of strong. So it can be said that his wallet is safe for him.

[javadsalehi]

Bitcoin is completely safe. Any one who has lost some bitcoins till now, have done a mistake in keeping the bitcoins.There is no problem with bitcoin security. Problem are those people who are keeping some bitcoins But they have not knowledge about it and its security.
The first thing any one must learn is how to keep bitcoins safe.

[mahibul49]

bitcoin is safe.no one can give any excuse that he lost bitcoin for bitcoins technical faults.
anyone who lost btc till now is for his own fault and careless to keep his private key safely.