Are people able to hack into bitcoin wallets?

[Nat]

It happens everyday. Hackers are on the run to steal from investors. Stealing passwords and personal details. It is very serious. Just protect your well and be private. No sharing.

 

[Imran_Noori]

One thing I worry about with any cryptocurrency, is the wallets you use to put your coin in. Virtually of course. How is the security of these wallets? Do they protect from people trying to hack in and steal your bitcoin?

I just want to know, as I worry if I invest in bitcoin more, that my wallet would end up getting hacked one day. I just want to know there's no way for that to happen.

Bitcoin wallets are much secure than banks, if you doubt in soft wallets, you can use hard wallets like ledger nano x or others, personally I am using hard wallets to save my btc.

 

[Immilash]

It happens everyday. Hackers are on the run to steal from investors. Stealing passwords and personal details. It is very serious. Just protect your well and be private. No sharing.

Everyone is looking for a way to make money online no matter how, that's why you have to be very careful in terms of exposing your information to platforms you are not sure of, in other not to fall in the trap of scammers.

 

[UsmanAmoyo]

The fact that Bitcoin pertains to the digital setting means that their is a high likelihood of hacking and alot of cyber crimes.
It is however your responsibility to protect yourself by setting a strong password and Never divulging your password to anyone no matter what.

 

[Setho]

The only way you can get access is to look for how you are going to steal their seat for it and this is the way in which a lot of people use to get access to bitcoin.

 

[Immilash]

The fact that Bitcoin pertains to the digital setting means that their is a high likelihood of hacking and alot of cyber crimes.
It is however your responsibility to protect yourself by setting a strong password and Never divulging your password to anyone no matter what.

That's true, I think anything online is hackable, criminals can penetrate into your Bitcoin wallet and do whatever they like to do, that's why it's advisible to keep your wallet safe by setting a strong password.

 

[Genie01]

Hacking and fraud has become the order of the day, the rate at which fraud and Cyber crime is increasing calls for some big protective measures on our side as investors. It is essential that you protect yourself by not sharing sensitive informations such as passwords and so on.

 

[Treborika]

Frankly speaking I have never experienced the situation before but have read on forums that users of certain wallets complaining that their wallets accounts were hacked and had their coins stolen from them

 

[UsmanAmoyo]

Hacking of your wallet can be because of your ill security measures.
It is essential to always protect your delicate informations such as your wallet pass phrase and passwords.
This would help you in the long run.

 

[Lynaia]

You have to be very careful with any of your crypto wallet and make sure you create enough security for it. I hear news almost everyday of many people's wallet being hacked by hackers

 

[Immilash]

Hacking and fraud has become the order of the day, the rate at which fraud and Cyber crime is increasing calls for some big protective measures on our side as investors. It is essential that you protect yourself by not sharing sensitive informations such as passwords and so on.

That's why I strongly advice people nowadays to keep there cryptocurrency wallet safe by setting a two step verification, I think this will very much help.

 

[Sincerem]

It can be hack but depends on so many things. You don't have to be participating in airdrop with your main wallet because that is one of the ways your wallet can easily be hack and enable every features to make sure that your account is completely protected such as two factors verification.

 

[Agbalagbaa]

Yes that's possible, if you have a weak security I think hackers can get into your wallet easily, you have to very careful not to fall for such scammers online.

 

[Planbizzle]

One thing I worry about with any cryptocurrency, is the wallets you use to put your coin in. Virtually of course. How is the security of these wallets? Do they protect from people trying to hack in and steal your bitcoin?

I just want to know, as I worry if I invest in bitcoin more, that my wallet would end up getting hacked one day. I just want to know there's no way for that to happen.

It is true that someone could break into a Bitcoin wallet. Hackers have occasionally been capable of gaining access to exchange accounts, private keys, and wallets in order to steal cryptocurrency. To help prevent your Bitcoin wallet from being hacked, it is crucial to use safe wallets and services and to adhere to proper security practices.

 

[chongjasmine]

It is possible to hack into your account but it is not easy. You have to be very careless for someone to do so.

 

[Potuse]

It's going to be very difficult to hack into bitcoin wallet because bitcoin has a lot of security and it will take a lot of effort to be able to achieve such. Bitcoin is a more secure investment.

 

[Good-Person]

Bitcoin wallets are much secure than banks, if you doubt in soft wallets, you can use hard wallets like ledger nano x or others, personally I am using hard wallets to save my btc.

The banking security system is unique and I think that they have been using such kind of systems to protect funds. I may not compare the two, but I think that both of them are secure.

 

[Imran_Noori]

The banking security system is unique and I think that they have been using such kind of systems to protect funds. I may not compare the two, but I think that both of them are secure.

I agree with you, both are secure but Bitcoin is much more secure than banking system because Bitcoin is based on blockchain and blockchain is unhackable.

 

[Ononivami]

I agree with you, both are secure but Bitcoin is much more secure than banking system because Bitcoin is based on blockchain and blockchain is unhackable.

The Bitcoin blockchain is of high security because it's very difficult to tampered with it i it is immutable and you cannot adjust it. This makes it have a very high security.