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

[T00tie4536]

I recommand you to use a Ledger; you cand buy it from their official site.

For me, personally, this Ledger is more secure than a digital wallet. Digital wallets are often hacked, this ledger is like a physical stick.
Dont hand that thing to anyone because if it can be opend, probably it can be hacked too. Keep it for yourself, just to be safe.

[DarkDays]

On the world of computers everything is possible, however as long as you take some common sense precautions the chances you are going to get hacked go down dramatically, for example there are many people storing their coins in the same computer in which they install all kind of pirated software, which as we know is full of viruses, this is not a good idea as sooner or later one of those pieces of software will get your private key or your seed words and you will lose everything, and this could have been avoided by simply not installing such software alongside your own wallet.

The risk can be much greater if the PC used is always connected to the internet. Many wallet hack occur due to a lack of knowledge and experience of bitcoin users when it come to practicing security and privacy and in general these hack occur due to greed and carelessness of the users themselves. I also think that unsafe web browsing habit could have the potential for users to lose their bitcoin from the wallet, as in the case of a PC infected with clipboard malware. We probably can't blame hacker for our own mistake because hacker are always in the gap between user error and getting what they want.

Correct, this is why another easy way to protect your coins is that if you have an old computer lying around with an old hard drive that has not seen too much action you can always extract it and convert it in an offline storage unit and store your coins there, that way if you do not have your wallet connected to the Internet all the time your coins are going to be very secure as a hacker cannot access something that is not connected to the Internet.

Bet would maybe be to use a computer that is to connected to the internet and create paper wallets. The only issue is that you then have to make sure you sufficiently secure those paper wallets. Not that easy and that is the edge that banks still have over Bitcoin. They secure your assets and take responsibility for damages.

That's what I'd do. Get a hard wallet like Ledger deposit all my crypto there and keep that paper containing the private key as safe as possible with no electronic backups. You can only be safe as long as that private key is safe. This is how you can secure your crypto assets.

[DrearyUrbanite]

On the world of computers everything is possible, however as long as you take some common sense precautions the chances you are going to get hacked go down dramatically, for example there are many people storing their coins in the same computer in which they install all kind of pirated software, which as we know is full of viruses, this is not a good idea as sooner or later one of those pieces of software will get your private key or your seed words and you will lose everything, and this could have been avoided by simply not installing such software alongside your own wallet.

The risk can be much greater if the PC used is always connected to the internet. Many wallet hack occur due to a lack of knowledge and experience of bitcoin users when it come to practicing security and privacy and in general these hack occur due to greed and carelessness of the users themselves. I also think that unsafe web browsing habit could have the potential for users to lose their bitcoin from the wallet, as in the case of a PC infected with clipboard malware. We probably can't blame hacker for our own mistake because hacker are always in the gap between user error and getting what they want.

Correct, this is why another easy way to protect your coins is that if you have an old computer lying around with an old hard drive that has not seen too much action you can always extract it and convert it in an offline storage unit and store your coins there, that way if you do not have your wallet connected to the Internet all the time your coins are going to be very secure as a hacker cannot access something that is not connected to the Internet.

Bet would maybe be to use a computer that is to connected to the internet and create paper wallets. The only issue is that you then have to make sure you sufficiently secure those paper wallets. Not that easy and that is the edge that banks still have over Bitcoin. They secure your assets and take responsibility for damages.

That's what I'd do. Get a hard wallet like Ledger deposit all my crypto there and keep that paper containing the private key as safe as possible with no electronic backups. You can only be safe as long as that private key is safe. This is how you can secure your crypto assets.

Just noticed all my typos in the last post oh my god, it sounds like I mean something else but you understood me! Well, everybody who once suffered from a loss of crypto coins in a stupid way usually learns from it and does it better the next time. I am one of them.

[goldade]

All cases of hacking and theft have been as a result of direct or indirect carelessness on the part of the owner of the wallet. Cases of hacking are a result of users not keeping their password and seed phrases safe enough.
I believe no one can actually have access to anybody wallet except with access to the seed phrases or passwords. Many people don't keep their seed phrases in secure places and so can be stolen, so to say, and used to gain access into the wallet.

[velive08]

the most important thing is how we store our wallets safely. because there are many cases that they are exposed to phishing on their PC. so i use hardware wallet nano ledger for storage and it's safe to store my assets till now and avoid hackers

[Rkss4]

the most important thing is how we store our wallets safely. because there are many cases that they are exposed to phishing on their PC. so i use hardware wallet nano ledger for storage and it's safe to store my assets till now and avoid hackers

In cryptocurrencies market wallets securities very important and effective. I don't believe any software wallets which provides private keys because I already faced several times with phishing email and website and hacked. So I am also using hardware wallet. Recently I used safepal wallet and trezor wallet as my personal wallet for reserving cryptocurrencies.

[Issa56]

In Cryptocurrency one of the most important thing you have to put in consideration is your wallet security, your wallet can be hacked at any moment if you don't take proper care of your information when creating a wallet address make sure your private key is safe and make sure you don't disclose it to any one, make sure whenever you are saving your private key or password make sure you don't save it on your Gmail or screenshot it on your phone because your Gmail can be easily hacked and your wallet password is at risk and make sure you don't save it as screenshot because anybody can have access to your phone and can extract your password or Private key.

[DrearyUrbanite]

the most important thing is how we store our wallets safely. because there are many cases that they are exposed to phishing on their PC. so i use hardware wallet nano ledger for storage and it's safe to store my assets till now and avoid hackers

In cryptocurrencies market wallets securities very important and effective. I don't believe any software wallets which provides private keys because I already faced several times with phishing email and website and hacked. So I am also using hardware wallet. Recently I used safepal wallet and trezor wallet as my personal wallet for reserving cryptocurrencies.

There are situations where web wallets are handy. If you are dealing with small amounts and you want to avoid the hassle with a hardware wallet it may be fine to use a web wallet once in a while as an intermediate solution. Generally, use a hardware wallet!

[South Park]

Correct, this is why another easy way to protect your coins is that if you have an old computer lying around with an old hard drive that has not seen too much action you can always extract it and convert it in an offline storage unit and store your coins there, that way if you do not have your wallet connected to the Internet all the time your coins are going to be very secure as a hacker cannot access something that is not connected to the Internet.

Bet would maybe be to use a computer that is to connected to the internet and create paper wallets. The only issue is that you then have to make sure you sufficiently secure those paper wallets. Not that easy and that is the edge that banks still have over Bitcoin. They secure your assets and take responsibility for damages.

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.

[Jordi129]

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 you can target someone by sending them a malware through emails or links with suspicious origins.

[iphone5s]

It seems like there is something you forgot to further strengthen the contents of your wallet, maybe you are bothered about the multiple layers of security to open a wallet you. You can also make co-confirmation which can be done to your message or email. If hackers can open this access it will be a delicious meal for them. Don't be too lazy to create multiple layers of security and always be careful about what you are doing.

[TribalBob]

all wallets can be hacked I think, I personally use a wallet trust to store my assets and I use it only to store not for public matters such as bounties, airdrops, and buying exchanged tokens because I think that wallet hackers stems from the frequent exposure of our wallets to the public, and things that often happen to enter on the fake web

[carlfebz2]

It seems like there is something you forgot to further strengthen the contents of your wallet, maybe you are bothered about the multiple layers of security to open a wallet you. You can also make co-confirmation which can be done to your message or email. If hackers can open this access it will be a delicious meal for them. Don't be too lazy to create multiple layers of security and always be careful about what you are doing.

It would really be entirely your responsibility on taking care of your wallet which means you would really be mindful on how to set out those security features and other methods to ensure that it wont really be hacked
by somebody easily.

Stick with non custodial wallets which means you do have the keys of said wallet and as long you do have it then you can always have the access unlike on custodial ones but be mindful that you should
keep it away on other peoples awareness.

Nothing is unhackable but you can make out such steps which would really be strengthen up when it comes to security.

[iphone5s]

It seems like there is something you forgot to further strengthen the contents of your wallet, maybe you are bothered about the multiple layers of security to open a wallet you. You can also make co-confirmation which can be done to your message or email. If hackers can open this access it will be a delicious meal for them. Don't be too lazy to create multiple layers of security and always be careful about what you are doing.

It would really be entirely your responsibility on taking care of your wallet which means you would really be mindful on how to set out those security features and other methods to ensure that it wont really be hacked
by somebody easily.

Stick with non custodial wallets which means you do have the keys of said wallet and as long you do have it then you can always have the access unlike on custodial ones but be mindful that you should
keep it away on other peoples awareness.

Nothing is unhackable but you can make out such steps which would really be strengthen up when it comes to security.

Every human being may have made a mistake or negligence from what they have done. if hackers really want their wallet from what they have, maybe hackers will search continuously for mistakes they have made. You have also made mistakes but you realize it but if you do remember, it will make you do the new security that you have been worried about.

A lot of security is usually created in a wallet by conforming to an email or installing Authenticator. But that's part of the way to secure your wallet from hackers from taking the assets you have. stay careful

[DrearyUrbanite]

Correct, this is why another easy way to protect your coins is that if you have an old computer lying around with an old hard drive that has not seen too much action you can always extract it and convert it in an offline storage unit and store your coins there, that way if you do not have your wallet connected to the Internet all the time your coins are going to be very secure as a hacker cannot access something that is not connected to the Internet.

Bet would maybe be to use a computer that is to connected to the internet and create paper wallets. The only issue is that you then have to make sure you sufficiently secure those paper wallets. Not that easy and that is the edge that banks still have over Bitcoin. They secure your assets and take responsibility for damages.

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.

[izsara]

of course it can. the possibility is very high when we live in an era like this with very sophisticated technology, everything can happen including hacking is very possible.
but of course we also understand the reasons why we are hacked, most people who are hacked occur because of the carelessness of the owner who is easily tempted by something, for example with a clickbait view or whatever that can make the hacker freely access it.
Be smart in doing something and be careless because it can lead to losses and use minimal multiple security so you can prevent unwanted things

[nitrobetting]

As much as we reap the benefits of Bitcoin and it's one of many catalysts of modern technology, security will always be prevalent especially for those who are not knowledgeable on the concept of cryptocurrency. I've seen some people lose bitcoins because of lack of backups, encryption, or being scammed to provide their private info.

There are many ways to capitalize and safeguard our bitcoin wallet:

- keep a copy of security keys offline
- avoid using 3rd party wallets
- split your wallets
- move funds through hardware instead of internet
- look into fragmented backups
- research hardware wallets

[DrearyUrbanite]

As much as we reap the benefits of Bitcoin and it's one of many catalysts of modern technology, security will always be prevalent especially for those who are not knowledgeable on the concept of cryptocurrency. I've seen some people lose bitcoins because of lack of backups, encryption, or being scammed to provide their private info.

There are many ways to capitalize and safeguard our bitcoin wallet:

- keep a copy of security keys offline
- avoid using 3rd party wallets
- split your wallets
- move funds through hardware instead of internet
- look into fragmented backups
- research hardware wallets

So many reason to be careful! And you are right with any reason you mentioned, but the people who should be concerned are not responding. It hurts in our heart because you feel you know better, but they are not up for communication!

[Skieleton]

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/

There is always risk where the money is. Do you think banks are safe? The same is true for an investment in Bitcoin. You have to be careful at every step.

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 ...

[matchi2011]

As much as we reap the benefits of Bitcoin and it's one of many catalysts of modern technology, security will always be prevalent especially for those who are not knowledgeable on the concept of cryptocurrency. I've seen some people lose bitcoins because of lack of backups, encryption, or being scammed to provide their private info.

There are many ways to capitalize and safeguard our bitcoin wallet:

- keep a copy of security keys offline
- avoid using 3rd party wallets
- split your wallets
- move funds through hardware instead of internet
- look into fragmented backups
- research hardware wallets

So many reason to be careful! And you are right with any reason you mentioned, but the people who should be concerned are not responding. It hurts in our heart because you feel you know better, but they are not up for communication!

There instances that even those experienced users do also suffer from those scamming and hacking activities.
They know better but doesn't imply that they are safe already.

You provide those ways and with good practice it will lessen the chance that you'll be going to experienced
hacking incident, but never to put your guard down hackers are hackers.