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Are cryptocurrencies secure?
Yes. In fact, the Bitcoin network has never been hacked.
Security
- Cryptocurrency is not held on a server. All the information is held in your Digital Wallet which is on your personal device.
- Without your specific device, and your unique passwords nobody can access your Digital Wallet.
- Every single crypto transaction is documented on its own blockchain.
- These transactions are stored on your own ledger and can be accessed by you at any point.
- All transactions are verified by all parties.
Privacy
- No information is ever kept on the ledger apart the cryptocurrency addresses of the sender and receiver.
- Whether sending or receiving, there is no middle man. When you use a Digital Wallet all your transactions are just between you and the one other party.
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