These days you will find some sites on the internet which are selling Bitcoin private keys with balance. Many Newbies fall for this scam and buy those Bitcoin addresses with the keys. Later they come to know that they have been scammed because those funds could not be used and those private keys are fake.
We will explain how this is a scam and why using leaked bitcoin private keys is a bad idea.
What is A Bitcoin Private Key?
Bitcoin private key is a unique hexadecimal 256-bit number which allows the Bitcoin address to be used and utilized. It is a combination string of numbers and letters and consists of 64 characters. If you have the Bitcoin private key, you can control the funds in that particular Bitcoin address and spend those funds.
Impossible to Crack a Bitcoin Private Key
Do you know how long it will take to crack a Bitcoin private key? It will take approximately 0.65 billion billion years and this estimate is very conservative meaning that it will take much longer to break only one Bitcoin address.
Websites That Are Generating leaked Bitcoin Private Keys
There are many websites which claim that they can generate the leaked bitcoin private keys with balance. People get attracted towards these sites because they are offering less amount for the private keys as compared to the balance contained in those addresses.
This is all a scam because people have been struggling to find ways to spend the non-spendable funds in the blockchain wallet. These sites usually falsely claim that they can generate a private key through which you can access those non – spendable funds.
Also they try to deceive you by the Bitcoin unconfirmed blockchain transactions as they send fake Bitcoin transactions to Bitcoin wallets that will never get a confirmation and will disappear after some time.
Bitcoin private key generators and Bitcoin private key hack tools are just a waste of time. As indicated earlier, it will take billions of years to crack a single Bitcoin address.
Warning / Safety Instructions:-
Always keep your private key safe with yourself and do not share it anywhere on the web. If anyone gets hold of your private keys then he can send all the funds to his wallet depriving you of the funds which you have in your wallet. Also you should not fall for the scams related to leaked Bitcoin private keys with balance.
Also make sure that your private key is properly backed-up so that in case of an accidental loss of your device you have the backup to recover your funds. If you lose the private key, you will not be able to access your funds and your Bitcoins will be lost forever.