How safe is our money in crypto?

[Adreman23]

Safety of your wallets is in your hands. You need to educate yourself on how to protect your wallets. There are so many tutorials on the internet you can google it and do your own research.

[iMark]

Money is not hundred percent safe in cryptocurrency because of the hackers in cryptos world. This has been the major issues facing the platform, so it's not really safe putting money in crypto.

Of course there is nothing 100% safe, everything has a possibility to be hacked, even in your bank account you have the risk of being stolen, but that possibility can be suppressed if you use additional security such as 2fa or store it in a secure wallet like a desktop wallet or hardware wallet and don't forget the risk of fluctuations too

[joey alexander]

Investing in cryptocurrencies is risky as prices have been extremely volatile and there are no firm regulations governing them at the moment. Further, experts are skeptical about such investments primarily because there is nothing for them to analyse.

[Trixie28]

Money can be safe on cryptocurrency in different ways like just do some back up on it. Never gave to someone your private keys on your different wallets. Study and think first before making decisions that end in the you would not regret about it because of the loosing of money. You can keep your other money outside in the world of cryptocurrency to avoid scammed and loosing it. You can keep it in the bank for future purposes.

[little.jane]

Money is not hundred percent safe in cryptocurrency because of the hackers in cryptos world. This has been the major issues facing the platform, so it's not really safe putting money in crypto.

Of course there is nothing 100% safe, everything has a possibility to be hacked, even in your bank account you have the risk of being stolen, but that possibility can be suppressed if you use additional security such as 2fa or store it in a secure wallet like a desktop wallet or hardware wallet and don't forget the risk of fluctuations too

I agree, there is no 100% nothing bad will happen. Disasters happen, natural or man-made, hackers happen, people get mugged or robbed. We can investigate the best methods of protecting our assets and use them.

[catsmile]

Money is not hundred percent safe in cryptocurrency because of the hackers in cryptos world. This has been the major issues facing the platform, so it's not really safe putting money in crypto.

Of course there is nothing 100% safe, everything has a possibility to be hacked, even in your bank account you have the risk of being stolen, but that possibility can be suppressed if you use additional security such as 2fa or store it in a secure wallet like a desktop wallet or hardware wallet and don't forget the risk of fluctuations too

I agree, there is no 100% nothing bad will happen. Disasters happen, natural or man-made, hackers happen, people get mugged or robbed. We can investigate the best methods of protecting our assets and use them.

No money is fully protected. Even cash can be stolen by the thief. So we can only do our best to protect our money. Not only in crypto world. Each currency has a risk of being lost

[drants]

Money is not at all safe in cryptocurrency, There are so many hackers around here who's only business is hack a wallet of bounty hunters to get money without doing anything.

the measure of risk is the same whether we refer to fiat or crypto. but this fear shouldn't freak you off of having money at all not everyone is being robbed. stop anticipating it and it will never came

[AshdiD22]

Safety of your wallets is in your hands. You need to educate yourself on how to protect your wallets. There are so many tutorials on the internet you can google it and do your own research.

And we also can split our assets between wallets and exchanges so that we still have something after they hacked the rest.

[CapnBDL]

Of course, they are not safe, because no one can give guarantees in such a market. Anyway, I have a question: Where did you see the guarantees? Our money in any sphere is under threat. Especially it concerns investments in any financial market.

[bitcoinbuyer]

They are safer than in banks but the hacking is a danger for them too. So I am sure that among other ways of holding money crypto is the best variant.

[jan.nicolas]

No, of course not, your money cannot be secured or saved, because cryptocurrencies today in the form in which they exist at all are not exactly meant for this, this money must work and they will work either for you or for others.

[juliyett]

They were saved in the past and now they are not so thanks to the increasing trend of spreading scam and so on. These are the main reasons that have an effect.

[H.W.P]

In order to preserve your assets - you need to invest in stable coins. Bitcoin and ethereum have always been considered the most stable. If you care about your security, then you should have at least 70 percent of your assets consist of bitcoin or Ethereum.

You can distribute 50 percent of Bitcoin and Eterium, the remaining 50 percent divided by Altcoins, for those who have a great future. For example, Dash NEO ETC LTC and so on.

[zk-SNARK]

If you are holding your tokens in your hardware wallet i think your money is in safest position. You know in real word banks can be robbed or goverments can be collapsed or some economical crysis.
But with hardware wallet your etherem is always safe. Nobody cannot take your eth from your hardware wallet. Yes there are too many scammers we need to aware of that.

[deepakg2m]

Truly speaking, if you trade safe, then your money is safe . I have seen many cases in which people being greedy after some profit, invest the money which they should not and then if they loose, the are completely shattered.

[HichemFetoui]

if you own a hardware wallet and follow the safety guide congratulation your funds are now safer than a bank but if your private keys are hanging around i wish you luck with them

[lancer10]

You can have several wallets and never share you password. There are ways of protecting your coins. There is always some degree of risk as in anything we do, but we can be smart about it and increase our chances of staying safe.

[Airelves09]

Normally. I'm not worried about safety. BTC has been running steadily for 10 years. There has never been any major safety issue. As long as you don't reveal your private key. There's nothing to worry about.

[iancortis]

Money is not at all safe in cryptocurrency, There are so many hackers around here who's only business is hack a wallet of bounty hunters to get money without doing anything.

yeah thats really true mate, and its happening rightnow. and most of my colleagues are a victimize with somebody who capable and has evil mind to do that criminal thing. so, therefore in crypto our assets are in danger always.. much better to learn everyday an extra security for us to be protected.

[Kiefner]

I think that wallets for cryptocurrencies to a greater extent have a weak protection, as too often we see messages about the hacking of a wallet, but for the most part it concerns MEW.