Top Security Concerns to Consider in Crypto

[SilverLance]

Cryptocurrency has become very popular, but it has some security problems. One major issue is the risk of hacking. Well, many exchanges and wallets have been attacked by hackers, causing investors to lose a lot of money. Another problem is phishing scams, where attackers trick people into giving away their private keys or login details. Lastly, there is not much regulation in the cryptocurrency world, which makes it hard to get back lost money or take legal action if something goes wrong.

 

[Starmix]

Indeed, it is risky to build wealth through crypto because of scammers and fishy hackers. It's the reason why I do not like to invest in crypto. My niece was scammed, she lost
$ 4,000. Her crypto account was hacked. She no longer invests in crypto. It's crucial. It's the target of scammers and hackers.

 

[Suba]

If you are bound by fear then you will never have crypto or even fiat money which lately has been hacked on mbanking via Whatsapp in the form of messages or wedding invitations. Top security is only in yourself how to manage crypto properly and correctly.

 

[SilverLance]

Indeed, it is risky to build wealth through crypto because of scammers and fishy hackers. It's the reason why I do not like to invest in crypto. My niece was scammed, she lost
$ 4,000. Her crypto account was hacked. She no longer invests in crypto. It's crucial. It's the target of scammers and hackers.

Sorry to hear about your niece's experience and the loss she suffered. It's so important to be cautious and vigilant when it comes to investing in any asset, including crypto.

 

[King Belieal]

We should do our own part to secure our crypto by going for exchanges that have robust security and can't be hacked easily.

 

[Nomad]

Hacking is a main concern but if you have secured your coins properly with various measures, this can be stopped. The main issue I see is investing in wrong coins, or investing during the wrong times.

 

[SilverLance]

Investing in the wrong coins or at the wrong times can be a major pitfall in the world of cryptocurrency.