Topic: Coinbase & bittrex need to make it safe (Read 664 times)

Yes I'm talking about altcoins, ripple,waves,ark etc. also set up a computer I can leave off line when not buying or selling.  When you say what wallet they are using do you mean each altcoin?

Buying less expensive coin, meaning you are buying altcoins? Then you're more likely safe just storing your altcoins in your pc. Just check what wallet they are using. Usually attacks are come for the most traded coins which are BTC, ETH, ETC, and others. But I really think that just staying with big exchanges is just fine. Just pray they don't just suddenly close like mt.gox or btc-e.

@Pfeff is right here: Cold storage is, for example, a paper wallet, hardware, USB, something that is not hosted on a server or a computer. What you are suggesting has nothing to do with "cold storage". There are often posts totally misinforming people because posters just google in hurry to have then something to say. It would be cool if you don't post if you don't know

My plan is long term hold with cryptocurrency I have bought. Same with anything in the future. So I will
Try get some help to work through this. Get a wallet off line. Way also need a ledger Nano S or a storage unit like this

That is the opposite of cold storage. If you don't know what you're talking about then say nothing instead

First the reason why we don't to put ETH in a third party like Coinbase because if you don't have control of your private keys then its not yours. Plus if a possibility of a hack, then you will lost all your coins. So to be safe, specially if you have a lot of funds in an exchange, to transfer it to a wallet that you have control of the private keys. But it is safe to put a small portion in there, just for your trading practice and activity. For ETH, https://www.myetherwallet.com/, although there is also a hack that happened before if I'm not mistaken. You just have to be very careful. You can go offline to create your wallet, then generate a private key, store the private key somewhere safe and for added security, put a strong password.

And yes, their is a fee whenever you move your funds out of a trading platform.

Great job congratulations on using myetherwallet.. If you can get the wallet to load long enough into the software where you can get out
the private key for the address that has the coins in it then you can actually just sweep that or imported into
another wallet even online. I just want to let you know that you don't have to go through the whole process
thinking up a software wallet if you don't want to as long as you get to that point where you can get that private
key that you could bring that into another wallet wherever you use your Bitcoin normally and then go from there or
she got about $5,000 there almost 7 possibly so I don't think you're too worried about this but I just wanted to
help you out.

If you are in trading. it is better not to release it first. Because you get tired and enduring your confirmation. And because your bittrex puts your money there is nothing to worry about. But I really want to get your money out. Do not use it in Coinbase because you need lots of requerements. And they are a third party. They do not give private keys.

It's better to keep it here.

if you're using android - Use Coinomi Apps. & Jaxx.io

And then on desktop.
Put it in Myetherwallet, blockchains and much more,

If what you mean is to get your money on cold storage then etherwallet.is the best place to be. But with all transaction you pay a fee unless you are depositing that I know you wouldn't be charged

At bittrex i bought ripple,siacoin,waves  at coinbase I have ETH. my computer is online all the time didn't know that
It was a concern.  Need figure how to move them into storage

well, first off you will need to be absolutely positive that your computer doesn't have any sort of viruses or keyloggers, or they could steal your private keys (the keys to your coins). I also wouldn't keep the device connected to the internet, preferrably never connecting it to the internet but that's a bit more of a learning curve.

Depending on what coin you are trading, find the wallet that corresponds with that coin. I recommend always searching for the "Ann" or "announcement" thread to be sure you are getting the correct wallet. There have been fake wallets in the past that are designed to steal the users coins, so don't use a random one.

From there, you will open the wallet, allow it to sync with the network then once it's synced (could take hours to days depending on the coin), you click the "receive" and copy the address.

Take this address and go to your exchange and try to withdraw a small amount to it ($1-5 dollars). I always do test transactions, its always better to be safe than sorry since if you send it to the wrong wallet there's no chance of you getting it back. Once you see the coins deposit into the wallet on your computer, you know that address/wallet is working & you can send the rest to that address without much worries.

There will be a withdrawal fee, typically it's not much, its dependent on each coin you trade. Some have higher fees and some have lower fees. Bitcoin's fees were like $2-3 last i checked, so it definitely shouldn't be more than that.

Just becareful storing your own coins, yes it is more secure but it's only as secure as you make it. If you are always connected to the internet, downloading shady apps & programs, & never wiped your computer for it's whole life... you might want to be careful storing coins on it.

I only store alts on laptops that I have completely wiped & reloaded, I use a USB stick to airgap them so my laptop is never connected to the internet.

The same applies to paper wallets, they are only as secure as the device you created them on.

Yes, exchanges charge a fee for every withdraw you do, some for their own goals and some to cover network fees. Also, there are trading fees. Yet deposits are usually free of charge and you'll pay "only" the network fee.

Anyway I didn't understand well what you need to do. Do you wanna withdraw ETH to a safer wallet? If so, the most common choice is to use myetherwallet.com https://www.myetherwallet.com/.

I really want to apologize I'm just not that good at computers. I have ETH with Coinbase and i moved some over to. Bittrex  and now I'm going to buy some less expensive coins.  All that is going well I'm trying to figure out what is my best way to get this out of the exchanges because everyone says there not safe. I know this is been asked before but I feel really lost.  when you take coins how to put them off-line ?paper wallet?
 Is there a cost that the exchanges charge you for moving them in and out ?