Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: anyone on August 22, 2018, 03:45:49 PM

Title: What about Bitcoin and consumer protection?
Post by: anyone on August 22, 2018, 03:45:49 PM

how can i be sure that my money would be protected from scammers or how can i know the stability of bitcoin?

Title: Re: What about Bitcoin and consumer protection?
Post by: bhm45 on August 22, 2018, 04:29:09 PM

Bitcoin is all about decentralization and hence there is a distribution of the responsibilities too. There is no central authority to take care of your funds and even if you are keeping your funds on any exchange, there is no guarantee that you will get your funds back in case of any hacking attempt. However, Bitcoin as a technology is very strong and no one can steal your funds if you are taking enough security precautions. Keep your funds with you (offline) and make sure that you are following security guidelines.