![](https://static.wixstatic.com/media/f13fce_a120a9003d36458cbbf561c5d1b18347~mv2.png/v1/fill/w_51,h_34,al_c,q_85,usm_0.66_1.00_0.01,blur_2,enc_auto/f13fce_a120a9003d36458cbbf561c5d1b18347~mv2.png)
Bitcoin has been a hot table conversation in recent years, and it has gained so much popularity among tech enthusiasts, investors, and the general public.
However, it also raises one major concern: "Is Bitcoin Safe?" Well, this query has been on the minds of many since the establishment of the first-ever cryptocurrency in the world.
While its safety is improving with time to win the trust of people, crypto scams haven't vanished from the market yet.
In fact, a 2022 June report from the Federal Trade Commission revealed that over 46000 Americans lost more than $1 billion due to fraud of cryptocurrency in the time period of January 2021 — March 2022.
And to shoot for the moon in the field of Bitcoin, it's important to understand its safety fundamentals, address common cryptocurrency safety concerns, and take steps to keep it safe.
So without a further ado, grab your cup of coffee, and let's dig into its details!
Understanding Bitcoin's Security Fundamentals
![](https://static.wixstatic.com/media/f13fce_7ac1d400813542a2b887fdd2c5ffd81d~mv2.png/v1/fill/w_51,h_34,al_c,q_85,usm_0.66_1.00_0.01,blur_2,enc_auto/f13fce_7ac1d400813542a2b887fdd2c5ffd81d~mv2.png)