Are cryptocurrencies secure? (Bitcoin, Litecoin, etc.)
Yes. Cryptocurrencies such as bitcoin and bitcoincash are 100% secure. Due to the unparalleled privacy and security measures, the Bitcoin network has never been hacked.
Security
Cryptocurrency is held in your in own personal wallet. Your information and funds are stored in your smart device and not on a server elsewhere.
Without no access to your specific smart device or knowledge of your password information, your cryptocurrency is safe.
There is a ledger of every transaction since the dawn of cryptocurrency. Each with its own private blockchain.
This ledger means that no transaction can be lost or debated.
A verification process ensures each transaction is completely secure and verified by all parties before proceeding. Privacy
No personal information is ever kept on the ledger. Only cryptocurrency addresses.
Using a Digital Wallet means there is the utmost privacy. Your information is not shared with anyone, or a third party.