My Question to Crypto users about its security

[goldade]

Crypto is praised as currency of future, 100% secured way of transaction. my question is how?

-If you have money in bank or invested in stock or somewhere else regulated by government and you dies, bank/stock exchange will contact the nominee when the account goes inactive. but if a person who hold crypto dies, nobody will know about this so the money is lost forever. if the person decides to share the crypto details with someone then its not really a "secured" currency.

-If someone stole money from your bank/stock/credit card account, it can be tracked where the money went and can be recovered by filing complaint with your bank or authorities. but if somone steal your crypto there is no way to get the crypto back.

So how is this a currency of future, did anyone asked these question before?

Bitcoin is actually secure in terms of transacting coins. It is only in terms of transfer of ownership of coins that there seem to be a security flaw.
However, just like the fundamental principles of bitcoin stated, bitcoin is a decentralized currency which means it is entirely in the control of its holder and not some third party or a central government. This means that whatever happens to bitcoin coins is entirely dependent on its holder. If the holders wants to pass his coins on to someone else after his demise, then he'll have to give them access to his coins.
If your coins were stolen, then it is entirely your fault that you didn't put up the necessary security measures simply because you're the one in control of coins.

[tanjiran]

snip---
If your coins were stolen, then it is entirely your fault that you didn't put up the necessary security measures simply because you're the one in control of coins.

In a decentralized system, full control is in our hands, we are the only ones responsible for the security of our assets. Bitcoin does provide the convenience of transferring value, as well as the security and speed it offers, without any restrictions, if it can be used properly. So you are correct in saying, even if there is a case of theft or hacking of a private swallow, it is entirely the user's fault because it does not maintain security so that it is easily penetrated by hackers. Beware, friends, the crypto world is full of risks, we must improve the security of the wallet as much as possible.

[Sadlife]

Bitcoin is traceable, in fact recent news in an exchange where hackers transfer Millions of stolen Crypto's immediately intercepted and frozen by custodial wallets and exchanges, and the issue about what will happen to your Crypto's when you die. You can easily set up apps like automate emails to send your private keys. So that you don't need lawyers and pay thousands.

[gurjasmeetsingh]

I think there's any possibility in this world in anything. But sometimes we heard about any govt sectors failing any type of business, like bank etc.but mostly we trusted. I can say crypto currency is virtual currency, it's all decisions are depend on us.if the investors are too be greedy. Then my opinion is that he or she should not be investing. Ultimately we can get good earnings in crypto having low risk,due to good  trust  & popular in the market. I think  so.