Can Your Bitcoin Wallet Be Hacked? How Can You Secure It?

[dikistutmazsabri]

I don't think it will be a problem unless he shares his wallet password, wallet key elsewhere, and gives it to anyone. People can try to cheat with the fishing method, you need to be careful with this. Or it may be attempted to obtain a password or key through social engineering. I think it is very unlikely that anything bad will happen after not being fooled by them. password and key should only be with us.

[livingfree]

I don't know how. But most likely, I recommend simply using licensed crypto wallets that have passed some security checks - Atomic, Trust,Ownr, Exodus.

There are other better wallets than those. There are those open and closed source wallets that are being used aside from those.

For me, these are the 2 best ways to secure. Hardware wallet and paper wallet. Personally, I've been using a hardware wallet for a long time and haven't had a problem yet. I recommend ...

I second the suggestion about hardware wallets, they're one of the best but for bitcoin, there are those desktop wallets like Electrum, Samourai Wallet and Wasabi Wallet.

[Nanda Dewi277]

Unfortunately, in fact, it can be, it can be hacked. I am not spreading the FUD, but hacking is very usual moreover in online.
However, there are also some triggers why our wallet may be hacked by somebody and our assets are lost.
Some may be:
- Exchanges hacked, these several times happen and saving Bitcoin in an exchange wallet is very risky, moreover if it is for long term.
- Saving on an online wallet
- Or saving on a hardware wallet but somebody may know the keys.
That si why always secure and also private our data for the wallet

[South Park]

If we want to be our own banks then we have no option but to take that responsibility on our backs, and while many people will never be able to do this which will lead to the creation of bitcoin banks many people like us will be able to do it, after all it is not something as hard as some people are making it out to be, just make sure you have a secure OS, verify and install your wallet and have those wallets offline, to me that does not sound hard at all even if I can understand why some people may think it is.

That's it, there is no way around it or nothing will essentially change. If we take our crypto and deposit it at an exchange hoping for them to take care of it, it is still the same as using the banking system. But we have to understand people who do that. Not everyone is comfortable with dealing with private keys yet and I totally understand that. When I got into crypto I felt bad every single time I didn't make a second or third copy of the private key and put it in a safe place or I was afraid of losing or forgetting a password. Now imagine you are an older person not technically literate that much.

Yeah it is natural to be afraid once you are the one that has the responsibility of keeping your coins secure and many people are not going to want that kind of responsibility, however for those that do not want to deal with most of technical aspects of securing their coins can do this by buying a hardware wallet, if they do so and they make sure it has not be tampered with then they have a device that can secure their coins very easily, but as we know many people do not use hardware wallets because unlike software wallets they have a cost.

[jerry0]

Isn't the main concern for those with hardware wallets the seed and thats it?  I read if you get malware on laptop while doing transaction, they will change the btc receiving address on the ledger live and also the ledger nano screen right before so you can confirm this?

[rodskee]

There are many people in 2021 that have decided Bitcoin is the future - and they aren't wrong either!

What do you mean by 2021? there are thousands of million of people that decided Bitcoin is the future currency years and years ago mate and not just this 2021.

One question a lot of people are asking is whether your Bitcoin wallet can be hacked or not - well, can it? And is there a way to secure these funds? https://4king.com/can-your-bitcoin-wallet-be-hacked-how-to-secure-your-funds/

What is that Link? promotion ? lol Nice style but no thanks, I know how to keep my coins secure and i don't need help from random person that just sharing links like this.

[bounceback]

There are many people in 2021 that have decided Bitcoin is the future - and they aren't wrong either!

One question a lot of people are asking is whether your Bitcoin wallet can be hacked or not - well, can it? And is there a way to secure these funds? https://4king.com/can-your-bitcoin-wallet-be-hacked-how-to-secure-your-funds/

Bitcoin provides a fairly high level of security if we use it well, so in my opinion if you want to store bitcoins for a long time then it's better to use a hardware wallet, because basically hackers always target online wallet users because they can hack more easily.

[Alucard1]

I don't think your Bitcoin wallet can be hacked as long as you don't show any of your private information related to the wallet. It should be really one of the hardest things for the hackers when it comes to crypto wallets. Decentralized systems are more secure than centralized ones.

That is not the only reason why our wallet got hacked, yeah, obviously if you show off your wallet information publicly then it will et hack, so never share it to anyone and even to your friends. Our crypto wallet can be hacked as well whenever we have downloaded a fake application on our device or we had clicked a malicious link in our device, the virus that we can have for both things can be the reason for us to get hacked because those virus are created by the hackers.

[udidrone]

My suggestion to safe my wallet, never download any suspicious from internet whatever that file is. Even for crypto wallet that i must download, i use laptop that different with my main wallet computer and any file like video or maybe softwares that not needed yet i never touch it. Because believe me virus is everywhere, there are virus who know our file, like ransomware or maybe virus that made our clipboard get hacked (like when we copy address, but when we paste it, it changed.

[sapnu]

There are many people in 2021 that have decided Bitcoin is the future - and they aren't wrong either!

One question a lot of people are asking is whether your Bitcoin wallet can be hacked or not - well, can it? And is there a way to secure these funds? https://4king.com/can-your-bitcoin-wallet-be-hacked-how-to-secure-your-funds/

It's all about taking precautions when it comes to your investments in bitcoin and your wallet. If you are always flexing your wallet and being careless with your keys, you will surely be prone to hackers. You should always make sure that the wallet you chose to store your bitcoins are all well trusted and well secured so that you wouldn't have to stress yourself out about experiencing losing most of it. Surely, there will be innovations and development with the wallets used for bitcoin since the hackers are also developing as time passes by. The security should keep up always to ensure safety for it.

[South Park]

My suggestion to safe my wallet, never download any suspicious from internet whatever that file is. Even for crypto wallet that i must download, i use laptop that different with my main wallet computer and any file like video or maybe softwares that not needed yet i never touch it. Because believe me virus is everywhere, there are virus who know our file, like ransomware or maybe virus that made our clipboard get hacked (like when we copy address, but when we paste it, it changed.

If you really want to lower the chances that you get a virus that can steal your coins then I think you need to have a computer completely dedicated to just holding your wallets and never navigate over the Internet with that computer, now this may seem expensive but if you have an old laptop laying around you could install a safe operative system and then install your wallet and never use it for anything else and basically obtain a similar functionality than what you get out of hardware wallets.

[Luqman]

Hackers are always trying to explore new ways to hack people's coins. So, the chance of our wallets being hacked is possible. But we can do our best efforts to avoid hackers stealing our coins.

There are some ways to be done:
- Only save coins in the safest wallets
- Save the wallet data in a secure way
- Don't put all coins in a single wallet
- Store coins in hardware wallets

I think those are some proper examples to do. But surely no guarantee that our coins are safe forever.

[Fatunad]

There are many people in 2021 that have decided Bitcoin is the future - and they aren't wrong either!

One question a lot of people are asking is whether your Bitcoin wallet can be hacked or not - well, can it? And is there a way to secure these funds? https://4king.com/can-your-bitcoin-wallet-be-hacked-how-to-secure-your-funds/

1. Keep your seeds away on other peoples awareness
2. Dont easily install unknown programs or files in the net
3. Be humble and dont boast up that you do hold crypto
4. Always make out some back ups (partitioning phrases or keys on different places)


There are several which i had mentioned but those are having the same concept or  target which is to secure on your funds.

[adekogbe]

I believe that with your private keys securely saved offline, you should be safe from any potential hacks on your Bitcoin wallets, othef ERC -20 wallets can be  different scare because i once heard of a friend whose wallet got hacked through his meta mask...
I guess his PC was Compromised by a malware of some sorts.
You should always safe your private keys physically offline and in cases of passwords, avoid using Passwords that you also use for your social media profiles

[DrearyUrbanite]

If we want to be our own banks then we have no option but to take that responsibility on our backs, and while many people will never be able to do this which will lead to the creation of bitcoin banks many people like us will be able to do it, after all it is not something as hard as some people are making it out to be, just make sure you have a secure OS, verify and install your wallet and have those wallets offline, to me that does not sound hard at all even if I can understand why some people may think it is.

That's it, there is no way around it or nothing will essentially change. If we take our crypto and deposit it at an exchange hoping for them to take care of it, it is still the same as using the banking system. But we have to understand people who do that. Not everyone is comfortable with dealing with private keys yet and I totally understand that. When I got into crypto I felt bad every single time I didn't make a second or third copy of the private key and put it in a safe place or I was afraid of losing or forgetting a password. Now imagine you are an older person not technically literate that much.

Yeah it is natural to be afraid once you are the one that has the responsibility of keeping your coins secure and many people are not going to want that kind of responsibility, however for those that do not want to deal with most of technical aspects of securing their coins can do this by buying a hardware wallet, if they do so and they make sure it has not be tampered with then they have a device that can secure their coins very easily, but as we know many people do not use hardware wallets because unlike software wallets they have a cost.

There is also no recourse whatsoever if you lose your private key either through damaging a hardware wallet, forgetting a password or losing it to a hacker. That is also what some critics say that one issue is irreversible transactions although that is not a bug but a feature. Otherwise people can be censored and excluded from participating in the network.

[South Park]

If we want to be our own banks then we have no option but to take that responsibility on our backs, and while many people will never be able to do this which will lead to the creation of bitcoin banks many people like us will be able to do it, after all it is not something as hard as some people are making it out to be, just make sure you have a secure OS, verify and install your wallet and have those wallets offline, to me that does not sound hard at all even if I can understand why some people may think it is.

That's it, there is no way around it or nothing will essentially change. If we take our crypto and deposit it at an exchange hoping for them to take care of it, it is still the same as using the banking system. But we have to understand people who do that. Not everyone is comfortable with dealing with private keys yet and I totally understand that. When I got into crypto I felt bad every single time I didn't make a second or third copy of the private key and put it in a safe place or I was afraid of losing or forgetting a password. Now imagine you are an older person not technically literate that much.

Yeah it is natural to be afraid once you are the one that has the responsibility of keeping your coins secure and many people are not going to want that kind of responsibility, however for those that do not want to deal with most of technical aspects of securing their coins can do this by buying a hardware wallet, if they do so and they make sure it has not be tampered with then they have a device that can secure their coins very easily, but as we know many people do not use hardware wallets because unlike software wallets they have a cost.

There is also no recourse whatsoever if you lose your private key either through damaging a hardware wallet, forgetting a password or losing it to a hacker. That is also what some critics say that one issue is irreversible transactions although that is not a bug but a feature. Otherwise people can be censored and excluded from participating in the network.

There are many critics that do not like this but as you said this is a feature, bitcoin is based on different principles than the ones that we have in the current economic system and it is difficult for people to accept this as that is all what they know, but in a way this is no different than what the world was before the advent of modern banking, people on the past kept custody of their coins by themselves and they were responsible of not losing them, it was not until the apparition of modern banking in which this changed, but bitcoin is trying to make people go towards this path again which to me seems to correct path to take.

[Obito]

I believe that with your private keys securely saved offline, you should be safe from any potential hacks on your Bitcoin wallets, othef ERC -20 wallets can be  different scare because i once heard of a friend whose wallet got hacked through his meta mask...
I guess his PC was Compromised by a malware of some sorts.
You should always safe your private keys physically offline and in cases of passwords, avoid using Passwords that you also use for your social media profiles

And you also can't talk about those things so you won't be a target because some people you may know sometimes are the suspect. Offline storage is the safest in my opinion but you have to be careful as to where you are going to hide the keys to access it. If you don't talk about how your passwords you use are the same for any, you won't have trouble that people will be able to piece it together but it is still safer if you use different password for different platforms.

[slaman29]

And you also can't talk about those things so you won't be a target because some people you may know sometimes are the suspect. Offline storage is the safest in my opinion but you have to be careful as to where you are going to hide the keys to access it. If you don't talk about how your passwords you use are the same for any, you won't have trouble that people will be able to piece it together but it is still safer if you use different password for different platforms.

There are other things that also make you a target, not just talking about it. Some people want to go around town showing off their Bitcoin mobile app like Roger Ver sending free BCH to everyone passing by. If people know you're using BTC and they know how high BTC is these days they can easily target you.

This isn't a hacking of your wallet, this is a bashing of you head in;)

[South Park]

And you also can't talk about those things so you won't be a target because some people you may know sometimes are the suspect. Offline storage is the safest in my opinion but you have to be careful as to where you are going to hide the keys to access it. If you don't talk about how your passwords you use are the same for any, you won't have trouble that people will be able to piece it together but it is still safer if you use different password for different platforms.

There are other things that also make you a target, not just talking about it. Some people want to go around town showing off their Bitcoin mobile app like Roger Ver sending free BCH to everyone passing by. If people know you're using BTC and they know how high BTC is these days they can easily target you.

This isn't a hacking of your wallet, this is a bashing of you head in;)

Very true, many people are very ignorant about the subject, if you go around telling people that you own bitcoin they may think you are a billionaire that bought his coins roughly when bitcoin was released and this is not the case for the majority, you may hold a small amount of bitcoin and that is it, so you are putting a big target on your back when the easiest way to protect your coins is to tell no one that you have them and play dumb when someone asks you about bitcoin.

[willoweb]

I think that technically it is more difficult to do it than it seems to someone. But people are most often to blame for such hacking of their wallets.
This is due to trivial reasons, for example, I heard cases when a person copied his password instead of an address, which is visually similar in the number of characters to the address. And then he swore at the technical support service and so on. You need to be careful and not fuss when you make such movements.