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BITCOIN WARNING – Your Wallet May Be Emptied And Not Be Revoked - Investment - Nairaland

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BITCOIN WARNING – Your Wallet May Be Emptied And Not Be Revoked by realslicky(m): 1:40pm On Jan 14, 2018
Bitcoin investors are being advised about the danger from hackers focusing on cryptocurrency exchanges
Bitcoin prices never stops to fluctuate, with the value of the cryptocurrency falling since the time it hit a record high of above £14,000 last December.

And as people continue to rush in to invest in Bitcoin, it becomes important to ensure your money is safe and protected.

Cryptocurrency exchanges in past times had been hacked, with thousands of Bitcoin lost into theft – which would figure to millions of pounds this present time.

In December 2017, South Korean cryptocurrency exchange Youbit filed for bankruptcy after being cyber-attacked which saw 17% of its assets ripped off.

And since Bitcoin transactions can’t be reversed, if your wallet is emptied you will simply not be able to be refunded.

However, there’s a way for Bitcoin investors to safeguard against this.

Security professionals are suggesting Bitcoin fans save their coins in an offline ‘cold’ wallet, The Independent reported.

Bitcoin investors who procure the cryptocurrency via an online exchange and save it there leave the protection of their investment in the hands of that site.

Read full HERE>>> http://relayvibes.com/bitcoin-warning-wallet-emptied-revoked/

Re: BITCOIN WARNING – Your Wallet May Be Emptied And Not Be Revoked by obaataaokpaewu: 2:39pm On Jan 14, 2018
Op, how can the cold wallet be done? Explain to us

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