You all may have wondering, “Is Bitcoin safe?" or " How safe is bitcoin?" Even with the negative stories that seem to flood the news at times, Bitcoin is actually more secure than most other financial systems. Why? Because Bitcoin uses a decentralized system, there’s not one single point of failure that a hacker could exploit to compromise the network. They would have to find a way to control 51% of the network nodes for this to even be possible. All transactions that you make using Bitcoin are public and irreversible. There’s mathematically no way to fake transactions or make errors in recording account balances. Moreover a transparent ledger of transactions also decreases the risk of fraud and money laundering. Other than that, you don’t need to attach any personal or confidential information when making a Bitcoin transaction or using a Bitcoin wallet, because your personal information isn’t attached to your wallet or transactions, you’re at less risk of identity theft. Even if someone gets hold of your wallet’s private key, they’ll only have access to your funds, not your personal information.