How safe is Bitcoin?

[Breadwinner]

Bitcoin is well known for its safety. The biggest dangers are mainly hacker attacks on third party services, through which one accesses his bitcoins. These are above all the various crypto exchanges on which the users have created accounts or the bitcoins stored locally in wallets.

Basically, either the exchange itself is directly attacked, so that data can be stolen there. The biggest known incident was the hacker attack on Mt.Gox about 4 years ago, when a huge hack of Bitcoins was looted. This was also the reason for the decrease of Bitcoins 2014.

Today, the exchanges have improved to prevent such occurrences, because it can come to hacks and the trade is severely restricted or even stopped completely. This often leads to strong price fluctuations, mainly caused by so-called panic sells.

An equally large attack surface offer individual mistakes that can easily be prevented. Individual mistakes are the responsibility of individual users and are often:
- insufficiently secured user accounts due to weak passwords
- Login on a phishing site
- send the private keys to a scammer

If a stranger has once gained access to your own accounts, he can quickly transfer the entire balance to another wallet and due to the anonymity, it is no longer clearly comprehensible. For such a kind of total loss helps therefore only a careful handling with your personal user data.

But as long as you follow to the usual security rules and pay attention to secure passwords, which you should also change from time to time and do not use the same password on many other pages, an accident normally cannot happen.
The high demand and high competition between exchanges has also contributed to the improvement of safety standards.

How make you sure to safe your Bitcoins?

[Neechan]

Bitcoin has no such safety net. If your Bitcoins are lost or stolen, there’s no intermediary with the power to make you whole. there are two basic ways to hold Bitcoins. You can participate in the Bitcoin network yourself, storing the keys to your Bitcoins in a wallet stored on your hard drive. Or you can delegate this function to a third-party wallet service such as Coinbase.

[Habagat]

Bitcoin is well known for its safety. The biggest dangers are mainly hacker attacks on third party services, through which one accesses his bitcoins. These are above all the various crypto exchanges on which the users have created accounts or the bitcoins stored locally in wallets.

Basically, either the exchange itself is directly attacked, so that data can be stolen there. The biggest known incident was the hacker attack on Mt.Gox about 4 years ago, when a huge hack of Bitcoins was looted. This was also the reason for the decrease of Bitcoins 2014.

Today, the exchanges have improved to prevent such occurrences, because it can come to hacks and the trade is severely restricted or even stopped completely. This often leads to strong price fluctuations, mainly caused by so-called panic sells.

An equally large attack surface offer individual mistakes that can easily be prevented. Individual mistakes are the responsibility of individual users and are often:
- insufficiently secured user accounts due to weak passwords
- Login on a phishing site
- send the private keys to a scammer

If a stranger has once gained access to your own accounts, he can quickly transfer the entire balance to another wallet and due to the anonymity, it is no longer clearly comprehensible. For such a kind of total loss helps therefore only a careful handling with your personal user data.

But as long as you follow to the usual security rules and pay attention to secure passwords, which you should also change from time to time and do not use the same password on many other pages, an accident normally cannot happen.
The high demand and high competition between exchanges has also contributed to the improvement of safety standards.

How make you sure to safe your Bitcoins?

Well said bitcoin is actually safe but the issues of all these hacks we are hearing comes from third party services such as exchanges.Falling to secure there exchange well enough and there by leading to careless hacks.So far you follow the proper security measures on your wallet you will always be safe and avoid loosing your private keys they are very important.Hardware wallets are also good for securing your bitcoins.

[sugarchrisp]

Bitcoin is safe, but there's no system that can completely account for human error.  In any system hack, there's usually a starting point that they used where they managed to get someone's credentials somehow by using social engineering.  People on average are very gullible, myself included, so you have to be vigilant in this space to not be taken advantage of.  Bitcoin is safe as a system so long as you don't leave yourself vulnerable.

[Marivic27]

Bitcoin is safe, but there's no system that can completely account for human error.  In any system hack, there's usually a starting point that they used where they managed to get someone's credentials somehow by using social engineering.  People on average are very gullible, myself included, so you have to be vigilant in this space to not be taken advantage of.  Bitcoin is safe as a system so long as you don't leave yourself vulnerable.

Bitcoin is really safe , but is depends upon how people use it to make it more safer and profitable it is depend upon how we used it. I think if bitcoin is not safe no one will show interest and no one will used it today.

[Cangkirkopi]

Safely man-made remains there is a shortage then we must remain vigilant with a thing we do not want after alerted people in the must for surrender, pasrahlah that makes us calm

[divine75]

Bitcoin is well known for its safety. The biggest dangers are mainly hacker attacks on third party services, through which one accesses his bitcoins. These are above all the various crypto exchanges on which the users have created accounts or the bitcoins stored locally in wallets.

Basically, either the exchange itself is directly attacked, so that data can be stolen there. The biggest known incident was the hacker attack on Mt.Gox about 4 years ago, when a huge hack of Bitcoins was looted. This was also the reason for the decrease of Bitcoins 2014.

Today, the exchanges have improved to prevent such occurrences, because it can come to hacks and the trade is severely restricted or even stopped completely. This often leads to strong price fluctuations, mainly caused by so-called panic sells.

An equally large attack surface offer individual mistakes that can easily be prevented. Individual mistakes are the responsibility of individual users and are often:
- insufficiently secured user accounts due to weak passwords
- Login on a phishing site
- send the private keys to a scammer

If a stranger has once gained access to your own accounts, he can quickly transfer the entire balance to another wallet and due to the anonymity, it is no longer clearly comprehensible. For such a kind of total loss helps therefore only a careful handling with your personal user data.

But as long as you follow to the usual security rules and pay attention to secure passwords, which you should also change from time to time and do not use the same password on many other pages, an accident normally cannot happen.
The high demand and high competition between exchanges has also contributed to the improvement of safety standards.

How make you sure to safe your Bitcoins?

I can guarranty and 80%  totally thats bitcoin is a safe cryptocurrency investment,as long as you still secured all your private key and wallet that you used,thats not been to given to those scammer or phishing site,following the proper ways on how to secure your wallet and private key,is the best way to not become a victim of those anonymous hacker who wants to jeopardize of all your crypto investment.

[racham02]

I think for me Bitcoin is very much safety than other financial system, you can safely guarantee your bitcoin, remember that Satoshi Nakamoto an unknown person he created the bitcoin to ensure its safety, for example Pseudo-anonymity you do not need to attach any personal or your information when making a Bitcoin transaction or using a Bitcoin wallet.

[Claus]

I have monitored btc and I have seen that its one of the coins with the highest security taking all other coins into consideration.

[trofim21]

this is not a safe form of earning, it is still a new direction, and no one knows how long all this will go on