How secure is Crypto Currency

[Immilash]

Sincerely the bank is the most secured place where money can be kept . Cryptocurrency in wallet can be hacked at any time especially where transactions are no more done in the banks frequently unlike before but this days where you can be at anywhere and do your transactions successful without stressed. In my own view I think cryptocurrency is not as save or secure 100%

True. Cryotocurrency is not save in our wallet's the best place to keep our coins is by withdrawing then and saving them in our bank accounts.

 

[Sotherefore]

Cryptocurrency generally is very secure because of the cryptography in the blockchain technology.. this will make it almost impossible for people to duplicate original cryptocurrency with fake one...but your wallet is at a higher chance of being hack much more than cryptocurrency itself.

 

[greenie]

The wallet in exchanges or online wallets are not totally resistant to cyber criminals. The hackers develop different malware to capture your wallets keys and in turn steal your funds. It's advisable not to download software from unknown sources.

 

[Dagm1]

Most crypto exchange platforms have special funds set aside in case of problems, and some even insure the firm in the event of a problem. It all depends on which exchange platform you use, but I consider them to be safe.

 

[Good-Person]

I think the security of cryptocurrencies depend on the kind of wallet you chose to use and if you avoid investing your money into scam projects. I have been using cryptocurrencies for a long time and I have never faced any security issues.

 

[Adecyptii]

The wallet is not 100 percent safe, to begin with. And people can be careless to allow their passwords and keys to hack into their wallet

Sure I believe with what you said, the wallet seems not to be hundred percent reliable and safe, because Hackers and fraudsters are much,they may hack ones password.
[automerge]1640296132[/automerge]

Crypto currency exchange Business is safe for anybody and that is if you are using a good crypto currency exchange platform that has strong security system like two factor authentication.

I believe that crypto currency exchange platform are much now but things like binance one can use it, it is much more secured that the rest and by applying two factor authentication.

 

[Justin]

If you use web wallet, or smartphone wallets, or exchange platforms your wallets can be hacked and you can lose your coins, therefore, you need to use hardware wallet. If you cannot spend money on hardware wallet, try using desktop wallet.

 

[Good-Person]

I think day by day, more secure means of safeguarding any coins are being discovered. One thing I like though is the wallet address thingy and the security it comes with - most have 2 factor authentication. So to an extent, it's 60% safe

I think the cryptocurrencies will become more secure if we upgrade the blockchain technology. I have never encountered any sort of problems dealing in cryptocurrencies or receiving or sending payments through cryptocurrencies. Cryptocurrencies are pretty secure.

 

[Busybee]

Crypto exchanges and wallets are new to the market and they are constantly evolving and they are learning from their earlier mistakes. Would advise you to use a separate wallet for trading and a separate wallet for holding your coins. Hold your trading and transaction coins in a soft wallet and the coin-holding account in a hard wallet or offline wallet. This should keep your stored coins secure from any form of attack.

 

[Setho]

To a very large extent cryptocurrency is secured provided that you are not going to be revealing your seed information to other people or giving people access to your account.

 

[Smiles20]

Cryptocurrency especially the ones that are stored in custodial wallets have very good security systems unless the person that is having the account has given out the security information to outsiders.

 

[Castelione]

As the saying goes 'more yield, more risk', it goes the same with crypto, I think. We should really be careful in investing our hard earned money.

 

[LadAckerman]

The amount of protection that exchanges may offer to customers may well depend on where they are registered and the licensing requirements (or lack thereof) for the exchanges to operate in that jurisdiction. Storing your cryptocurrency on an exchange for more than a day or two is never a good idea, and if that exchange were to cease operating for any reason at all, your options will be determined by the local laws of the jurisdiction where the exchange is registered. Generally speaking, the tougher the licensing requirements for an exchange, the more protection you’re likely to be offered. However, you should verify the details of any exchange that you choose to use and the level of protection that it may or may not offer you.

 

[Sincerem]

Cryptocurrency is secured because ever since the invention of cryptocurrency a lot of people are trying to hacked into the cryptosystem. The arrangement of cryptocurrency and the general cryptography as a whole make it impossible to be hack.

 

[Robust]

Cryptocurrencies is just a block chain, while the wallet to use to buy and sell cryptocurrencies should be secured in sure a way that it is only you and your wallet that knows the PIN to login to your wallet.

 

[Ezekiel]

As long as it is not a Ponzi scheme I feel crypto currency is secured,it has a real life used cases,it doesn't operate on using one person money to pay another