Are your Bitcoins safe?

[fishbonez11]

Bitcoin will only be safe if put into a hardware wallet. As long as your funds are in a third party you are not sure of where your funds gonna be. It could be hacked by anyone or just be stolen by anyone. Trust system will be the setup, which in the first place Bitcoin want to solve. Bitcoin allow us to freely have the full control over our fund, but putting it in an exchange or third party wallet will risk all your funds. A hardware wallet is the only wallet to safely store bitcoin.

[Hypnosis00]

I feel I was safe already but not totally safe. We know how smart are these hackers, can't deny that.

As just like what people say above, we need to keep our keys secured offline, not by storing them on the PC or in phones but keep hiding them separately that no one can access but only you or some in your family member.

[maxreish]

Not even fun if we lost our passwords with lots of crypto coins in our wallets. Probably that tweet made a point.

We don't sometimes aware that we aren't securing well our seed phrases and passwords. Perhaps we are forgotting that we should secured even our pins. I don't do screenshots as it may cause trouble in the future, instead i do write it in a paper and store it in secured place where im the only one who know where it is.

[ReiMomo]

I feel I was safe already but not totally safe. We know how smart are these hackers, can't deny that.

As just like what people say above, we need to keep our keys secured offline, not by storing them on the PC or in phones but keep hiding them separately that no one can access but only you or some in your family member.

Exactly, just like you have a treasure in a vault and you are the one who holds the key, of course, you will take responsibility for your key from possible hacks and theft. Dont let anyone hacks or stole your bitcoin, just do and make a step by step process that could protect your asset. Because if you know how to invest bitcoin, you must also know how to secure a good wallet.

People lost bitcoin because of a lack of knowledge, they cant protect very well their asset and the scammers and hackers will always there waiting for weak bitcoin holders to be next to their victims.

[witcher_sense]

In my opinion, the lack of understanding why passwords, seed phrases, passphrases, digital keys are so important in the cryptocurrency space comes from the fact that people are yet to become used to the electronic ownership concept. People own real estate, cars, and other tangible things, things that have meaning and value, these are generally accepted indicators of well-being. Seed phrases, passwords, and other things are just numbers, symbols, letters on a computer screen, how do you prove ownership of these things, how to evaluate their value? How to develop a certain mindset, so that one can start valuing them? The key to understanding is to realize that the cryptocurrency world is different from what we have seen before. Random numbers here are not just numbers but the money that needs to be properly protected from invaders. In the physical world, you protect your home from burglars, in the digital world, you protect the numbers that serve as the keys to your well-being.

[CryptopreneurBrainboss]

I doubt he isn't a bitcoiner, he's speaking some sense as we place priority on backup seeds, recovery phrase and private key without giving attention to password of our wallets. You can easily get locked out of your wallet if you can't remember this password. Few days back I tried accessing my wallet with my back up seeds, without much hesitation the wallet open but it wasn't my wallet because my funds couldn't be found.

It took me some minutes of reflection before I remembered I added some extra security measures to my seed (seed extension) and after I try accessing the wallet with that extension it opened. Assuming it couldn't have remembered that seed extend that means the funds would had been lost forgiver.

On other note probably the tweeter is a newbie and the best way he/she could have passed his intended massage was to used password instead if the usual words.

[irixo10]

Asking about password when it comes to a coin like Bitcoin shows he have limited knowledge and understanding of Bitcoin because there is nothing like password, however there is only private keys, and this is what makes the owner of the private keys to have the sole power to access his wallet anytime any day and from anywhere in the world. In addition, there are mobile wallet developers who adds some sort of additional security like pin, biometric or password such that, no unauthorized person can access the wallet and steal the funds, but should in any case the person gets hold of the private keys, funds will be stolen; thus I don't think private keys can be likened to password. Lastly, I agree with you, it is very important to be mindful of how we save our private keys, screenshots are not worth it but saving in a paper form offline and kept in various locations or secret place is the best way.

[bitcoin31]

For me the bitcoin in my wallet is safe and I don't have any doubt that hackers will hack it because all the sevurity that I need to enabled Is already there to keep my bitcoin secure. Enabling 2FA for the wallet that you use will minimize the posisble to hack because even the hacker get your password they need still a code to open the wallet and it's really hard to get that code like if the code send to the sms but in gmail you need to secure because once hackers hack all the accounts registered to that email will open.

[Sparrow96]

I lost one wallet last year. Forgot 12 mnemonics. All cryptos in it lost now. I forgot where I write down the words. Now I have become careful now. I also suggest checking your phrases if they exist in your control.

[Question123]

I lost one wallet last year. Forgot 12 mnemonics. All cryptos in it lost now. I forgot where I write down the words. Now I have become careful now. I also suggest checking your phrases if they exist in your control.

How much the bitcoin it has the wallet that you lost? Others also lost their wallet because they forgot the details of the wallet or they did not save it . Like those people who are care about bitcoin in the year 2009 they have thousands of bitcoins but they lost their key and they did not open their wallet and they lost millions of dollars and that is very sad to happen if the money that you lost on you is very huge amount.

[mich]

This is a very scary thought to need to think about but if we are dealing with digital currencies than its something we must consider at all times.

With so many "hacks" and coins going missing it is one of my biggest fears that 1 day I try to check my balance and my coins are gone. 

If my eToro account is hacked and I lose my coins, the KNPA would have no idea to help me and might not know what Im even talking about.  Just make sure to use extra caution and you should be ok.

[oktana]

I lost one wallet last year. Forgot 12 mnemonics. All cryptos in it lost now. I forgot where I write down the words. Now I have become careful now. I also suggest checking your phrases if they exist in your control.

Exactly! We most times think that we have securely backed it up but it may not be totally safe or maybe it isn't even there anymore. I suggest that regular confirmation of the backup should be done because no one knows the day things could go wrong. Those that store in the phones should know that it's wrong, not just about someone stealing it but imagine you lost your phone. So, we really should put these into consideration in other to avoid any form of loss.

[Bitstar_coin]

I would like to think that my funds are safe, having my own recovery key and store in a place where only I have knowledge about feels safe enough although we can't be too careful,
Sometimes you can even forget where your recovery phrase are stored, that could be a problem as well, so keeping recovery key and knowing where they are kept are very important.

[Beparanf]

I would like to think that my funds are safe, having my own recovery key and store in a place where only I have knowledge about feels safe enough although we can't be too careful,
Sometimes you can even forget where your recovery phrase are stored, that could be a problem as well, so keeping recovery key and knowing where they are kept are very important.

Keeping and importing it on a trusted wallet is the only thing a bitcoin user need to remember. You should have atleast a physical and soft copy of your private key so that you will never loss your keys in any emergency occur to your life like fire, hack or flood. Sometimes a regular check to your keys will help to make it safe.

[fiulpro]

Weather it was a password of bitcoin wallet or no , it's still a matter of concern. People use their wallets, downloading an offline wallet is not only common but it is also very convenient. So the chances are if you are going to use an offline wallet and forget the password/ loose your mobile phone / damage it. You are going to loose literally everything. The more bitcoins you have, the more it becomes one of a serious concern. You should invest in a hardware wallet or something which would actually keep your money safe. After a certain value you have to try and invest more in the safety. You can also invest in softwares which have an inbuilt VPN, safety measures, things like that, it doesn't cost much but is worth everything.

I would like to think that my funds are safe, having my own recovery key and store in a place where only I have knowledge about feels safe enough although we can't be too careful,
Sometimes you can even forget where your recovery phrase are stored, that could be a problem as well, so keeping recovery key and knowing where they are kept are very important.

Keeping and importing it on a trusted wallet is the only thing a bitcoin user need to remember. You should have atleast a physical and soft copy of your private key so that you will never loss your keys in any emergency occur to your life like fire, hack or flood. Sometimes a regular check to your keys will help to make it safe.

A regular check ok the key is not something I would recommend. If you did make a private copy and it is safe, then I do believe that you should only use it in times when you really have to. If you have kept it safe and made a back up lock it up !!!

Plus for unusual circumstances I do believe that you should let your family know or contact some services which deal with this.

[pinko5]

Security is the biggest concern when it comes to crypto. I have crypto stored in different wallets and biggest fear that is now disturbing me is that if some hacker is able to get password of my wallet then I cant get my hard earned money back.
Exchanges are somewhat secure but they put restrictions like banks like binance does'nt allow you to withdraw until you have specific no of confirmations or 24 hours are passed.

[Lavander]

I personally use a hardware wallet and uses a physical vault to save my seed well it depends on the user how does he/she managed to keep his Bitcoin safe some of the investors holds their Bitcoin on an exchange wallet which is really risky once you forgot your password (if you are not verified or did not undergo KYC) you will be in a serious trouble.

[Fesatmas]

Many people screenshot their seeds or store them digitally, which is a bad practice. It's better to keep them offline, and in multiple locations.

Hardware wallets have made things easier than ever. You don't need the seed or private key to spend regularly.

Just write the seed down and put it somewhere safe. It's a good practice to use BIP39 seeds with an additional passphrase. Even if someone gets a hold of your seed there's still a passphrase that stands in the way of them being able to steal your BTC.

Manually storing seeds in different places is an effective way to avoid things that are not desirable. but is there anything that matches what I feel, sometimes we are busy doing many things, so first save the seeds for a while on your cellphone or PC, then if you have time to move them later, this actually makes us forget and finally lazy to collect the seeds that just scattered.
if needed later, we would search each folder and could not find it.

has anyone experienced it?

[7788bitcoin]

Most of don't even back up properly, we just screenshot our phrases forgetting that screenshots can be seen by others and even be deleted by anyone. Let's be cautious about our backups, check them if they still exist where you kept them and be sure if you need to replace them.

If you are investing your hard earned money then you should be careful to back up all the necessary password and the files associated with the wallet. In the beginning many lost their coins because they were not serious about backing up the files and now we have multiple options including hardware wallets to safe guard out coins and with the price booming everyone will take it seriously.

[jerry0]

I mentioned this many times... but isn't still the safest way to store you seed be ... put it in a bank safety deposit box?  But do it at two different separate banks with the seed in half? 


Or do it with say four banks... and break the seed into two and thus you have two copies of each in case?