Quote from: Judith87403 on February 11, 2024, 02:35:09 PM

Quote from: MorganaX on February 02, 2024, 02:23:58 PM

Now bitcoin is one of the safest way to invest digital currency. Because of its new and improved security system it makes it hard for hackers and thief to access

So now the question is bitcoin safe from hackers?, can it be stolen?

The fact is that since Bitcoin is digital assets there is every possibility that it could be stolen from users who doesn't no the safest way to store Bitcoin, perhaps that's way as a beginners like us one thing is investing on Bitcoin another thing is how to keep it safe because as someone who doesn't no how to save or store private keys could possibly fall a victim of hackers, so I think the best way is to get the right information on the safest way to store private keys before starting investment.

You have some valid points there, Bitcoin is not what we operate offline, and as a matter of fact, we operate it online and has to do with gadgets at the same time, so the risks are there. The internet we use for it could corrupt, and so is the gadget we use for it, which makes it susceptible to attacks and could be stolen for this. We hear cases of Bitcoin and other crypto asset loss, this could be due to the carelessness of the owner, but at times, it is not about being careful or not, it's all about the smartness of the stealers or hackers as the case may be. Some people can be a target, and no matter how smart and careful you think you are, they will still get you and steal the crypto asset.

This can only explain how companies are being dealt with in this regard causing millions of dollars worth of crypto assets stolen from them. The recent advancement in technological information has also made us realise that even the hardwallet that people thought was immune to hacking and crypto heists could be hacked. But this should not discourage us from owning our Bitcoin, we should only do our part diligently to keep our coin and leave the rest to fate. We should also not be careless with our passcodes, including the seed phrases. It's also worth knowing that storing the seed phrases offline is the best-known method.