Post
Topic
Board Bitcoin Discussion
Re: Bitcoin wallet is not safe
by
leisha
on 20/01/2018, 09:09:54 UTC
Many people believe that electronic wallets are safe, but in fact, Bitcoin accounts and trading floors are frequently hacked.

As there is no regulatory body that guarantees a Bitcoin number to a person, it is very difficult to retrieve it if lost. If stolen, there is no hope. Such attacks are ongoing.

It is true that most of Bitcoin wallets are not safe and once we lost a Bitcoin, we cannot retrieve a single one of it. Because it was decentralized, we can't blame someone else. We are the one that will take care of our Bitcoins so it was our responsibility to make our transactions safe and the blame will be on us once we lose some bitcoins. As a bitcoin enthusiast, I always make my moneys or my bitcoins in a safe place or sometimes I converted my bitcoins to fiat to prevent hacking.