Fun

How secure is crypto?

kawsar8035 - 2025-03-31 09:55:24




When we consider the economic issue, we must also consider the security issue. And if that economic matter comes in the field of online based cryptocurrency then we should be more aware and know or research about it. Because we all invest our hard earned money in various economic sites. If that money is lost due to any mistake on our part, it will be a very sad thing for us. We usually invest in crypto with the hope of making some profit. We don't want to invest in a way where our money is stolen or lost. Then comes the question since it is online based and does not exist physically so how secure is it? Answering this question is not so easy. Because it can vary from person to person.



![1000018307.jpg](https://cdn.steemitimages.com/DQmbQeN8tfsPJEfM5RA18nv3DatwYKHdUSUGz5jAFm9xU9d/1000018307.jpg)


[source](https://pixabay.com/photos/bitcoin-cyber-currency-money-4338838/)


If you invest in Bitcoin, Ether or some stablecoins like USDT or invest in good quality projects, you can feel a bit safer. But are they really safe? Because one fact we have to accept is that most of us investors invest in various centralized exchanges. Even though we think it is very safe, once it gets hacked or stolen, our precious money can be lost or stolen. Where we are not at fault but we can lose money. Or we may have some mistakes due to which we may face problems like scams or hacking and lose our money instantly.


But if you invest in decentralized exchanges then you can feel somewhat safe in that case. Where you can keep your money safe with certain passwords. But even in that case if you lose your password then you can lose your money. Because there is a saying password that means wire. You must protect your password here if you want to keep your money safe. But in that case you have to consider many other things as to how safe they are. Therefore, another thing to keep in mind is that the coins that you think are safe to invest in are actually what are the chances of those coins surviving in the market?


Another thing is that you are investing in the best quality projects that you think are safe. At the end of the day you have to keep in mind that these too can cheat you. Moreover, one more thing is that they are not regulated by all governments. Moreover, these unregulated coins are famous for their volatility. So you have to keep this in mind. Finally you said it exclusively not like it's not safe and you can't say it's completely safe either. That means you have to invest some money very cautiously so that even if you lose the money there will be no problem, I think you should invest here. What is your opinion about it? How safe do you think it is? You can share your opinion about this in the comment section.