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

[Iranus]

The online wallet is likely to be hacked at any time. Also online wallets can be infected by viruses when connected to the internet. Care should be taken to prevent hackers and viruses, updated antivirus can be used and it should be verified when installing any software. Offline hardware wallets can be used to prevent hacking instead of using web wallet or desktop wallet.

[lionheart78]

Anything that is connected to the internet and with poor security can be hacked.  There are lots of cases reported on the internet regarding Bitcoin wallets being hacked.  Most hackers use sophisticated programs that can breach the security of wallet apps.  Most of this cases are a result of careless browsing, opening pages, and downloading a file from the internet.  Installing anti-virus, anti-malware and internet security is the normal way of securing our Bitcoin wallet.  It can be heightened by avoiding unknown and unsecured sites, downloading unverified files, and as much as possible keep our BTC wallet stored in an offline system not connected to the internet.

[nelson4lov]

Remember to use the password of the BTC wallet only there. Don’t utilize the same key in social networks, in e-mail and also don’t write it in notes on your phone. Two-Factor authentication can help you.

True that. Since mobile phones can get lost or stolen, it's not ideal to store those seeds and private keys on them. Not to mention that these notes apps can easily be compromised. Back in 2017, I know a guy that lost over a million dollars simply because he stored some of his wallet access details in his Evernote account which was later compromised and funds drained afterwards.  Best to keep details like that in a safe location that's offline too preferably a hardware wallet with top security.

[Questat]

Remember to use the password of the BTC wallet only there. Don’t utilize the same key in social networks, in e-mail and also don’t write it in notes on your phone. Two-Factor authentication can help you.

True that. Since mobile phones can get lost or stolen, it's not ideal to store those seeds and private keys on them. Not to mention that these notes apps can easily be compromised. Back in 2017, I know a guy that lost over a million dollars simply because he stored some of his wallet access details in his Evernote account which was later compromised and funds drained afterwards.  Best to keep details like that in a safe location that's offline too preferably a hardware wallet with top security.

In that case, we have to anticipate that, and having a backup file could help. That should we gonna do and we can just be confident enough were exposing our Bitcoin to others will lead to some interest in it.

We can't really escape from this but it is for us then on how to manage our accounts. If we are too careless, the more it helps hackers to successfully steal our cryptos. We have to remember that they are smarter than us and any leaks to our keys will get easy for them to get in and control.

[hmw]

Just few weeks ago I was able to recover my $80k which was stolen from my blockchain and that really brought me back to life again, agent James helped me . All you need to do is provide evidences of your loss and send to recoverlostcoin@cyberservices.com to help you work on the recovery process.
You can't do it yourself because Blockchain and most cryptocurrencies network are very complex and even miners can't reverse transactions that have been processed.
So, that's all I can advise you do right away.
Many people have lost bitcoins this year also. It's best you utilize this opportunity to help yourself out before it's too late.
Also, work on using better passwords with mixed characters to reduce risks of hacking.

[TastyChillySauce00]

Web wallets should be used by a newbie just as a wallet temporarily which they'll send the funds from there to a better wallet if their plan is to hold it for a very long time.

There were a lot of series and news that exchanges have been hacked and many users have been badly affected by it because they trust those platforms as a web wallet.

And we also need to be careful using any wallet and make sure that you keep private keys offline or in a written form.

If using web wallet, might aswell use the available exchanges' wallet that are 100% more reliable and too big to scam your pennies like popular exchange platform. The code of that web wallet might be published in github and reviewed thorougly by the community but we don't know the real code that's in the production and it could contain logging or such.

[jrrsparkles]

There are some ways and basic things needs to follow when you want to become an crypto investor which are like having the knowledge about crypto addresses, wallet types, private keys and how to store them safely but not digitally.

The best ways are storing cryptos in a hardware wallets or create an airgapped wallet then use another device with watch only address and broadcasting the transactions.

[Banprox]

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/

Yes, i also appreciate that bitcoin is the future. Because this is the best Crypto currency. Bitcoin wallet can be hacked if your wallet private key lost or found by someone else. You need to keep your private key in the safest place. Don't put it in anywhere that can be hacked. Write down it in your diary and keep your diary in Locker.

[Shasha80]

I have used all kinds of Bitcoin wallets, and I admit that they are the easiest to hack if we use an exchanges wallet. So I never store large amounts of
Bitcoin on exchanges, I only store Bitcoin on exchanges for trading only. I keep the rest in a hardware wallet which is proven to be the most secure,
and as long as I use a hardware wallet, I have never lost or been hacked. Therefore, I highly recommend storing Bitcoin in a hardware wallet.

[ultrloa]

Web wallets should be used by a newbie just as a wallet temporarily which they'll send the funds from there to a better wallet if their plan is to hold it for a very long time.

There were a lot of series and news that exchanges have been hacked and many users have been badly affected by it because they trust those platforms as a web wallet.

And we also need to be careful using any wallet and make sure that you keep private keys offline or in a written form.

If using web wallet, might aswell use the available exchanges' wallet that are 100% more reliable and too big to scam your pennies like popular exchange platform. The code of that web wallet might be published in github and reviewed thorougly by the community but we don't know the real code that's in the production and it could contain logging or such.

To many of those web wallets available and we don't know which of them is truly secured since everyone of them is vulnerable from attacks. So for choosing best the best wallet better to use those wallet which are regulated and applied for a license on your country since this one ca. give proper security to their users.

[DarkDays]

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/

If you're not careful, and end up sharing your keys with others you will definitely be at risk. The danger is even higher for wallets on any exchange, but even still cold wallets can only protect you if you're not a complete idiot to get hacked because you're not fully protected. The only way to be secure is to never share your details with anybody - not even your mom.  It's just that simple.

[Murtaza345]

Yes it's big issue to hack Bitcoin wallet, because there are many big hackers in the market,and you should  aware from them . But in second way many good securities available which can apply and secure your Bitcoin wallet like ,2fa private key and more good securities which can secure your wallet.so firt and man thing is that you should always aware from them and always check your security ,than you can save your wallet.

[bosede1]

Bitcoin wallet can be hacked both the level to which it can be hacked and how simple the process will take depends on you. If you take security precautions with you wallet you are safe but if otherwise then you will pave way for the hackers

[livingfree]

Web wallets should be used by a newbie just as a wallet temporarily which they'll send the funds from there to a better wallet if their plan is to hold it for a very long time.

There were a lot of series and news that exchanges have been hacked and many users have been badly affected by it because they trust those platforms as a web wallet.

And we also need to be careful using any wallet and make sure that you keep private keys offline or in a written form.

If using web wallet, might aswell use the available exchanges' wallet that are 100% more reliable and too big to scam your pennies like popular exchange platform. The code of that web wallet might be published in github and reviewed thorougly by the community but we don't know the real code that's in the production and it could contain logging or such.

Still I wouldn't use them as a cold wallet or a wallet that will hold my funds longer time.

Mostly, they're closed-source so you won't see their codes and it's not advisable to use them as your wallet which you won't use for a long time. You can use them as is.

But using them like how we use hardware wallets, I wouldn't do that.

[online73]

Hello everybody. Hacking my wallet is quite possible, I think that any wallet can be hacked. But if you adhere to certain rules, which, in my opinion, even schoolchildren know and which can be easily found on YouTube, but unfortunately, sometimes even strict rules cannot save us from the insistence of burglars, who almost always know how to get to your money. Only strict discipline while observing the rules in handling your finances can save our money from burglars.

[pixie85]

The online wallet is likely to be hacked at any time. Also online wallets can be infected by viruses when connected to the internet. Care should be taken to prevent hackers and viruses, updated antivirus can be used and it should be verified when installing any software. Offline hardware wallets can be used to prevent hacking instead of using web wallet or desktop wallet.

No, not really.

If by online wallet you mean a desktop wallet on your computer then it can be infected by a virus but it's almost impossible for it to be hacked. Maybe if you were using wifi, but in normal circumstances nobody is going to literally break into your computer that's hidden under some random ip address in a random network.

If by online you mean a custodial wallet like blockchain.com then it can be hacked.

[Yatsan]

Anything that can be seen online is vulnerable to hack most specially if you are to create an online wallet to make storage not just for your Bitcoin but as well as into your other cryptocurrencies. Your wallet can be hacked if you are not that careful on securing your details and information that is bounded within your account and if you have not secure it to the maximum extent of security available into the Bitcoin wallet that you have chosen. Also, it can also be intruded by hackers who happen to create websites and pop ads that you accidentally click while browsing so better get rid of those and be aware not to entertain strange stuffs online to avoid yourself getting caught up into a situation that might potentially hack your account.

[7788bitcoin]

Anything that can be seen online is vulnerable to hack most specially if you are to create an online wallet to make storage not just for your Bitcoin but as well as into your other cryptocurrencies.

If you are using a third party wallet the only thing you need to looks is their set up and whether they can be trusted, you cannot say everything can be hacked. I would like to see any stock exchanges getting hacked but we hardly see that  .

Always use ample protection in your home computer or laptop before accessing internet and never use them to visit phishing sites, have a bookmark for all the sites you visit and never visit sites that you do not trust using your computer and make sure you clean everything up on a daily basis and lock the ability to make any updates and changes without your permission.

Still the best practice is to get a hardware wallet and never store any valuable information in an hard disk that is online most of the time.

[Lordhermes]

Most likely, any wallet can be hacked. But still I prefer to use hd and licensed wallets like ownr and trust.

Ownr is a closed-source wallet and it's a multicurrency client. If your intention is to store bitcoin, you don't need a multicurrency wallet for that. There are many wallets that belong to the bitcoin-only, non-custodial, and open-source categories that you can use instead.

Trust wallet is also a multicurrency software wallet. It's a closed-source app just like the Ownr wallet. That means that the wider Bitcoin community has not had a chance to inspect the code and check how it works.   

I'm getting confused here mate, you are saying storing Bitcoin and other altcoin in a multicurrency wallet for a long term is not advisable? I have read in several places that wallet that gives out mnemonic seed phrase, and other private keys are good for storing coin right? but trust wallet and ownr wallet has that, so you trying to say trust wallet is not good for storing coin for long term? Even Atomic wallet too? They are all multicurrency wallets. I know of the fact that trust is not an open source wallet, I don't know the rest.

As an instance, if someone need to store litecoin for a long term, the person should have a non-custodial wallet that can store only litecoin? Is that what you mean?

[Wawa2013]

Lots of incidents of Bitcoin wallets being hacked, therefore we must be careful to choose a safe Bitcoin wallet. Most vulnerable to being hacked
if we use web wallets or exchange wallets, both of which are most often hacked. Therefore I strongly discourage storing Bitcoin on web wallets
and exchanges wallets in the long run. Based on my experience and many articles that I have read, the safest Bitcoin wallets are hardware wallets
and desktop / mobile wallets. But I recommend using hardware wallets instead of desktop wallets, because it is more difficult to hack. Even though
we have to pay a lot of money to buy the device.