5 Is Bitcoin Safe?
This is a complicated question to tackle, and the simplest way to answer it is: it depends. In general, bitcoin can be stolen fairly easily and, because it’s decentralized, a user’s security is solely their own responsibility. Because bitcoin is not considered legal tender in most countries, you’ll have no way to get your bitcoins back if they’re stolen.
In addition, it can be hard to know which bitcoin wallets and providers are actually legitimate, and which are scams. Because of that, it’s highly recommended that users exercise caution, and have moderate digital expertise and security knowledge before delving into the currency.