If you expose your security details like your email and your password together with your seed phrase for wallet then I can scan be able to hack into your bitcoin wallet and steal your coins.
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Seed phrases are very important for most online wallet and anybody that has access to your seed phrases has all the access to all of your cryptos, without that it will be really difficult to hack your wallet unless through some phishing scams.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.
Asides exposing details,some hackers have found a way to hack this wallet so think there should be more security added to fortify the defense systemIf you expose your security details like your email and your password together with your seed phrase for wallet then I can scan be able to hack into your bitcoin wallet and steal your coins.
As long as the wallet is made by people,there is every susceptible tendency that the wallet is prone to hacking. Hacking is not a new thing,we just have to be cautious.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.
That is also an aspect,being careless can cost you your investment.Another one is that if you are always doing and going for free cryptocurency then you might be at risk at being hacked.If you expose your security details like your email and your password together with your seed phrase for wallet then I can scan be able to hack into your bitcoin wallet and steal your coins.
in fact bitcoin wallets are not as easy as exchange platform for hackers to hack into and that is why we just need to be very careful and know the kind of wallet we use for instance Trust wallet, blockchain, coinomi and atomic wallet are very good.Not only bitcoin wallets, even exchange platforms can be hacked. recently, someone stole 200 BTC from Coinbase account. This is all in the news. The issue is being investigated.
When you are holding significant amount of cryptocurrencies it is better you use a cold storage wallet to avoid it being hacked because at every point our cars will be trying to hack into your account.Yes, there have been so many cases of cryptocurrency wallets being hacked. Especially if you hold large amounts of crypto in it. It is so much better to keep your wallet safe by using the security measures available.