The past year has seen the rise of Bitcoin and other cryptocurrencies. The increase as witnessed in the cryptoworld attracts many investors, ranging from those who understand the ideology of Bitcion and newbies whose idea was to get rich quick from investing into Bitcion world. The growth in cryptomarket also leads to increase in cybercriminals. The rate at which hackers were attacking exchanges are on the increase.
I just need your suggestion on how to curb menace of hackers in order to build investors confidence in this cryptoworld to optimum level.
It is not that if you own a Bitcoin or cryptocurrency, you are already prone from hacking. It will always depends on how you handle or secure your cryptocurrencies, if you are careless then there's a huge chance that you will get hacked. So what can be the solution? Since we cannot stop hackers, what we can do is to learn how to protect our investments by our own, do not trust any third party services to do it for you, like leaving your coins on exchanges because exchanges are the primary targets of hackers because they hold huge amount of different cryptocurrencies and even exchanges have good securities, there is no perfect system and all has its vulnerabilities. So what you can do to make your coins safe is to hold it by your own.