Can people steal my Bitcoin?

[Robrey17 262]

This is one of the questions I get asked most often, and it’s easy to see why. Unlike cash or transitional investments you are responsible for storing your own crypto safely.

How does storing cryptos work?

• Cryptos are stored in a digital wallet.
• This wallet has a private and a public key.
• The private key allows you to transfer funds out of it. The public key allows you to transfer funds into it.
• If you lose your public key, you can still access it with your private key.
• If you lose your private key, you lose assess to your wallet’s funds.
• If someone discovers your private key, they gain access to your funds.

It’s as simple as that.

So, as you can see, it’s extremely important that you keep your private key, well, private.

[gusa20 119]

The bitcoin is characterized by its security, your bitcoin can be kept safely as long as you have them in a wallet and you have the private keys of it, that is almost impossible to steal, if there are ways with hackers but they are not very common, And it usually goes through ignorance of how the internet works, when downloading apparently harmless files they can contain malvars that can later attack the security of your computer. That's why I have to be very careful with this. For greater security, if you have a large amount, it is recommended that hardware wallets are what you will have physically and there is no way that a hacker can reach it, as if it can happen in an online wallet

[alein 49]

yes. you should be careful. you should use a cold wallet to protect yourself from hackers. or you should choose your exchange passwords very well.

[DennisChannels 238]

Someone can steal your money if....

• You provide someone your mnemonic (the words used for recover / restore your wallet account) or someone access to it (that's the reason is better not to save it digitally)
• You provide your private key or someone access to it.
• You leave your funds on a exchange or online wallet and hackers find a way to access it.

Needless to say, the third point depends on the security of the platform and it usually doesn't happen, but we know some cases. That's the reason we always suggest the hardware wallets, specially if this topic makes you sleepless.

[dtworker123 75]

Yeah sure, but to steal a BTC from your wallet a hacker needs to have access to your gmail, or to you passwords, or to have your mobile phone. If a hacker doesn't know any of this how does he know about your wallet anyways? It is better not to leave any personal info of your wallet addresses at any site, forum or blog.

[Froshk 1828]

Bitcoin is a product of the Blockchain technology, and interfering with a block on the Blockchain is almost impossible to do. The first way a Blockchain secures itself is by a process called hashing, tempering with a block on the Blockchain causes the hash to change imagine changing a million hashes per seconds??? 

That's  nearly impossible to do 

[sofiaqq 25]

It is some stranger because ones of the best things about cryptocurrencies are the security but is internet, they can hack  you of course.

[juliofox1992 108]

people can steal your bitcoin yes of course but that depends on yourself if you keep your passwords very well I do not think and so far no one has been able to enter the system in a fraudulent way so you can be very sure of everything you can generate in money.

[RAUL LOPEZ 122]

Be wary of unusual payment requests. Scammers will often ask you to use an unusual payment method, including preloaded debit cards, gift cards, iTunes cards or virtual currency such as Bitcoin

[George10 9932]

Cryptocurrence is filled with so many scamers and hackers because it's un traceable when they steal from us and it's a must our crypto not only bitcoin can be stolen from our wallets or any account out there if we don't use strong passwords and apply other security requirements like enabling 2FA.

[Nicole018 4548]

There would be hackers who try to access your private keys. so it is extremely important that the user's adopts safety measures that prevent hackers and other scammers from stealing your private keys which in turn would lead to stealing your Bitcoins. So the safety of private key is a must for any user in the platform.

[nikitiy228 65]

The most secure place to store crypto - on the USB flash storage, or on professional 'cold' wallet (but its price may be about 150$). While USB flash storage or professional wallet are not connected to the network, their crypto assets can't be stolen.

[Captin 0]

Hello friend, and thank you for your advice .. For me, I prefer that you save your public key and your private key on a hard copy in order to save it from theft and loss, in addition to not responding to strangers in chat requests because it is often a fraud or hack

[Projectcrypto 4382]

45 minutes ago, Nicole018 said:

There would be hackers who try to access your private keys. so it is extremely important that the user's adopts safety measures that prevent hackers and other scammers from stealing your private keys which in turn would lead to stealing your Bitcoins. So the safety of private key is a must for any user in the platform.

Many of us do play with this private key forgetting that if they lose it automatically they have lose there funds in the wallet because only with this private key we can get access to the wallet so just the way you said we must make sure we keep it safe in order to avoid losing funds as no one will be there to compensate us if we lose to scammers or hackers.

[mohamedpc1 2213]

It is very important before entering the field of cryptocurrencies to know the basics and the risks that can occur so that you do not lose your money. One of the most important of these basics is keeping your passwords, secret sentences and your keys in a safe place. Second, you can use 2fa to increase the protection of your account from your phone, but before activating it, you must study the risks involved in losing or breaking your phone. In my view, everything in cryptocurrencies is about basics, learning and studying

[Jack764 1841]

The most important thing for keeping a wallet safe is to keep the private key in a safe place and not to lose it or forget it.  The private key is the key to the lock for the wallet, and if anyone gets the private key, the wallet becomes the property of that person, and thus money is easily stolen.

[cryptolover45 1187]

Hey mates, really informative post and this post will help lot of people. If we not give our private key than our bitcoin will be safe or if we enable 2fa security than our bitcoin and others alt coin will be safe.

[dtworker123 75]

No they cannot because they needed to hack into your btc wallet which is impossible. Yes sure if you gave them your mobile phone or wallet password and username or your mail address access then sure they can, but without this parts it is not possible.

[Billalkhan6712 82]

Yeah Al that sounds pretty crap to me, Looks like BT aint for me either. If you are not careful then you must steal bitcoins. 

[marea he 0]

Unfortunately it happened to me that I forgot my private key. I used to keep the password on a piece of paper in my office. I lost it and I could not find it, and I tried very hard to retrieve it, but I failed.

[Emma William 2399]

Yes, there are people who are professionals in the field of digital currency theft! Whether through unknown or unreliable sites or through Telegram! I know many people who lost all their possessions due to hackers hacking their devices and knowing the person’s accounts on the trading platforms and also their wallet accounts.

[Dormilon 2183]

On 10/11/2020 at 9:30 AM, Robrey17 said:

This is one of the questions I get asked most often, and it’s easy to see why. Unlike cash or transitional investments you are responsible for storing your own crypto safely.

How does storing cryptos work?

• Cryptos are stored in a digital wallet.
• This wallet has a private and a public key.
• The private key allows you to transfer funds out of it. The public key allows you to transfer funds into it.
• If you lose your public key, you can still access it with your private key.
• If you lose your private key, you lose assess to your wallet’s funds.
• If someone discovers your private key, they gain access to your funds.

It’s as simple as that.

So, as you can see, it’s extremely important that you keep your private key, well, private.

If they can steal your BTC and any currency that you do not have well protected, the pirates are every day looking for how to rob people, that is why we must have our coins in a secure wallet, with an encryption key and our own keys, if you use Hot wallets are vulnerable to an attack, so I recommend keeping them cold and thus avoiding them, maximizing our security we stay safer.
Do not give our keys to anyone and less leave them in third party storage, that is an error that many people have, they think that by sending an email to an account with all their keys they are saving them in case they forget them and they are only giving way to can be stolen. Safety is paramount and we must not neglect it.

[salah85 38]

It is important to mention fraudsters who are trying to steal money from you, so make sure ... BTCC ... for publicly trading related Bitcoin, it enables people to deal with digital currencies.

[Calvinpriva 17296]

Of course, our bitcoin can be stolen if we will not be careful to protect it. You have shared a good posts that will help many members (especially crypto beginners) to store their bitcoins and other crypto in a safe way.

[Ryken8 545]

Hard wallet will be the best option to keep your crypto safe from hackers as this is one of the risk of using digital wallets, but again you still need to keep your private keys safe.