Can a crypto currency wallet be hacked?

[Profwriter]

This is not commonly reported that a crypto wallet was hacked, except if the owner is careless with the login details and exposed it to wrong people, but this does not eliminate the possibility of it happening because in the science world, everything and anything is possible.

 

[Niftyyem]

I guess it can be hacked but I think an hacker would rather use his time hacking a whole exchange than an individual wallet because it would be like a guessing game if he ends up hacking wallets holding next to nothing.

 

[Mahnoor]

The issue of security has been a fundamental one for bitcoin since its development. On one hand, bitcoin itself is very difficult to hack, and that is largely due to the blockchain technology which supports it. As blockchain is constantly being reviewed by bitcoin users, hacks are unlikely.


On the other hand, however, the fact that bitcoin itself is difficult to hack does not mean that it's necessarily a safe investment. There does exist the potential for security risks at various stages of the trading process.

 

[Adetayo100]

Let not underestimate the power of hacker who are website managers that have access to information about you that you don't have

Most crypto currency wallet cannot be hacked because of the high level security of blockchain, the only way they can hack your wallet is if they have your login details such as username and password.

 

[bilal19]

Users can lose bitcoin and other crypto currency tokens as a result of theft, computer failure, loss of access keys, and more. Cold storage (or offline wallets ) is one of the safest methods for holding bitcoin, as these wallets are not accessible via the Internet.

 

[Jomarie05]

I think the crypto currency exchange platform now as a secured networks that protect Investors wallet from being hacked so I don't even think any hacker can hack any crypto currency exchange platform for now to take over investors coin unless the platform is new and not secured.

 

[Chumzy]

The is answer is not just yes but also that it has happened times and times. That is why one has to be careful because the security of your coin is in your hands. Even the wallet itself can be hacked and all user coins stolen so one must also be careful.

 

[eenya00]

This is a particular question I have often wondered about and I have come to conclude that the possibility of that happening is there but for now I have not seen any formal complain about someone that his wallet was hacked, and my wallet has never been hacked before.

 

[Oluwaseyifunmi]

Concernung your question, i think the crypto currency exchange platform now as a secured networks that protect Investors wallet from being hacked so I don't even think any hacker can hack any crypto currency exchange platform for now to take over investors coin unless the platform is new and not secured and any platform like that should be avoided

 

[Sheun450]

Hackers can steal bitcoins by gaining access to bitcoin owners' digital wallets. Bitcoin and Security. Bitcoin was launched in 2009 as a decentralized digital currency, meaning that it would not be overseen ...

 

[Tundeoguns1]

Can a crypto currency wallet be hacked. That's a very interesting question. Well for me I think crypto currency wallet can be hacked, if your security is not tight enough and the depends on the crypto currency wallet you are using. For me I think roku, binance and luno have a very strong security which makes them hard to hack.

 

[Jlife]

Yes that is possible and that is also the reason I don't engage in Airdrop because 90% of airdrop are always scam and that is how they can use to hack your account,I have seen a lot of people whose trust wallet account has been hacked because of Fakes airdrop.

 

[Kingsley]

There are somany crypto wallet exhangers out there some are good others are just crap and out there to scam their unsuspecting potential customers. But in the light of picking a cryto exchanger one will consider Luno for starters and binance for advance users. Of course a wallet can be hacked.

 

[Aaron625]

A well reputed and secure crypto wallet where own your private key and recovery phrase can never be hacked in my opinion. Though the less secure wallets which use your email for authentication may be hacked if the security is too low or there is a mistake from your side , like forgetting email or password.

 

[Sotherefore]

Any cryptocurrency wallet can be hacked by hackers and as a result of thiss there are some things you should never do with your main cryptocurrency wallet, airdrop is one of the things a lot of hackers are using to have access to people's private key and other secret information, keep your wallet safe.

 

[Dowenship]

Several times I have read about how people complain about losing coins worth thousands of dollars in their cryptocurrency wallet, and I have also been a victim. Always ensure that you use a secured wallet else you might lose all your hard-earned money.

I have been having issues believing that a crypto wallet could be hacked if and only if your seed code is not publicise how on earth can a crypto wallet be hacked... can you give us a detail approach on how yours was hacked...

 

[GIFTMICHAEL]

Yes, it can be very easy to be penetrated, if you aren't using a strong password to lock your account. In the other side of the wallet site, if they aren't using a strong security protocol, it can be easily cracked by malicious hackers.

 

[Nomad]

I have never heard of any crypto currency wallet being hacked apart from a micro payment wallet. I cannot remember the name now but the micro payment walket was hacked.

 

[joy101]

I think cryptocurrency wallets can be hack because there is nothing that impossible to do, the hackers can go any level to may sure that the must hack.

 

[Kunkun]

Most definitely it can be hacked and these has been the cases in the past and even now, that's why more security steps are being designed by the wallets to keep coins safe