Do we need to backup Screenshots balance on exchange?

lombok

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Quote from: tbct_mt2 on October 03, 2023, 10:06:28 AM

Quote from: kingvirtus09 on October 03, 2023, 09:15:20 AM

When Binance support replied to me, they asked me for my account uid, but I have a screenshot of the uid number. I gave them screenshots when I was withdrawing; if I hadn't had those screenshots, I probably wouldn't have been able to open my account, but somehow the screenshot as evidence helped.

Do you know that by giving a screenshot of your UID, you are creating more issues?

Like support will have to spend time to type your UID than just copy and paste it that is more easily.
Typing it manually from looking at your screenshot can cause typo and inaccuracy too.

For things you give in text, do it in text, don't do it in screenshot.

For your withdrawal history, you can go back to your email and forward Binance emails to you for your past withdrawals or you can regularly export your withdrawal history and save it.

Each person may have their own habits. There are those who regularly download historical data, there are also those who take screenshots. The aim remains the same, namely to make backups which will be useful for them when problems occur with their account or on the exchange where they put money for trading.
As long as it has a positive aim, why not? However, please note that there are some exchanges that don't provide historical data downloads, so maybe screenshots are another way to backup, or there are some traders who don't know about the history data download feature so they choose screenshots.

FahriZah

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I think taking screenshoots is not require because when you checking your main balance from exchange interface than showing your balance perfectly than you are happy but when you have some lose like sone coins are going down it’s also your main balance down also so it’s not mandatary but you can take screenshots for your infuture life bacause if somehow you accounts god suspends / hacking than you can complaints to exchange teams about your issues and you can show thire your screenshots it’s good for backup your details also.

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Quote from: tbct_mt2 on October 03, 2023, 10:06:28 AM

Quote from: kingvirtus09 on October 03, 2023, 09:15:20 AM

When Binance support replied to me, they asked me for my account uid, but I have a screenshot of the uid number. I gave them screenshots when I was withdrawing; if I hadn't had those screenshots, I probably wouldn't have been able to open my account, but somehow the screenshot as evidence helped.

Do you know that by giving a screenshot of your UID, you are creating more issues?

Like support will have to spend time to type your UID than just copy and paste it that is more easily.
Typing it manually from looking at your screenshot can cause typo and inaccuracy too.

For things you give in text, do it in text, don't do it in screenshot.

For your withdrawal history, you can go back to your email and forward Binance emails to you for your past withdrawals or you can regularly export your withdrawal history and save it.

that is true, having screenshot is not the best option. however, it may support your claim if the platform needs other supporting details. just like what was mentioned above. sometimes, support have their own approach of resolving things.

rat03gopoh

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Quote from: kingvirtus09 on October 03, 2023, 09:15:20 AM

What are you talking about? There is no support requesting screenshots to restore authentication issues. Recovery will be completed with the registered email or telephone number (and KYC in some cases).

tbct_mt2

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Quote from: kingvirtus09 on October 03, 2023, 09:15:20 AM

When Binance support replied to me, they asked me for my account uid, but I have a screenshot of the uid number. I gave them screenshots when I was withdrawing; if I hadn't had those screenshots, I probably wouldn't have been able to open my account, but somehow the screenshot as evidence helped.

Do you know that by giving a screenshot of your UID, you are creating more issues?

Like support will have to spend time to type your UID than just copy and paste it that is more easily.
Typing it manually from looking at your screenshot can cause typo and inaccuracy too.

For things you give in text, do it in text, don't do it in screenshot.

For your withdrawal history, you can go back to your email and forward Binance emails to you for your past withdrawals or you can regularly export your withdrawal history and save it.

kingvirtus09

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I don't think there's anything wrong with taking a screenshot on an exchange like Binance. At least that will help. For example, in my experience, when there was a problem with authentication, the code was always invalid, and I couldn't log in, so what I did was message support and tell them the problem.

When Binance support replied to me, they asked me for my account uid, but I have a screenshot of the uid number. I gave them screenshots when I was withdrawing; if I hadn't had those screenshots, I probably wouldn't have been able to open my account, but somehow the screenshot as evidence helped.

Yamane_Keto

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If an exchange is hacked, it will take years to recover your money, so taking a screenshot will be useless in legal claims, unless it is a personal reminder of your balance or some data related to your account.

You can submit a screenshot as evidence to the court, but since it strips it of metadata, it will be difficult or almost impossible to verify it. If you take a picture from your phone, the metadata will be present, which can be verified from the date and time the data was sent, but taking a screenshot will convert this metadata to JPEG and from there nothing can be verified.

This article contains some judicial cases in which screenshots are admissible as evidence https://www.stillio.com/blog/screenshots-as-evidence

lombok

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Quote from: Hamphser on October 01, 2023, 03:52:22 PM

Quote from: lombok on October 01, 2023, 05:21:19 AM

If you have some other advice, try sharing it here. And if this post is useful for you, give me merit

Sorry for off topic but this one would really be resulting for you not to get any merit because it turns out that you are really begging for it or trying to be forceful.
Let the community members decide whether its helpful or something that worth to be merited on, or else if they do saw that you are really asking for it then
you would definitely be getting the opposite one on which something like this.

You are right. This is embarrassing, I will delete it. Let it run as it is and become a thread that might be able to build and educate, let the community decide. Thanks for the input guys. This will be a lesson and hopefully make me a member who can contribute to the community. Thank you very much.

Wiwo

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Exchange are most vulnerable targets of hackers since they spend the whole life looking for possible back doors to attack the exchange volt and steal funds that belong to traders and exchange together so for that for a trader to be on the safer side, he next to make adequate plans on how to protect his balance and how much balance he does maintain on the exchange at each point.

This is very important because exchange as a third-party service provider is not a good storage for your coins be it bitcoin or any other coins, so it best you make efforts to take off your money for exchange once you have accumulated a substantial amount of balance.

lombok

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Quote from: Zaguru12 on October 01, 2023, 05:56:33 AM

So my advice which still Carries its risk will be if you are still trading just everyday then you might have to leave your coins but make sure it is an amount you can lose. But make sure you’re not trading on just a single exchange try to diversify this amount into different exchanges and as such should one faces any hack or shutdown you can get back to the other and withdrawal your funds because it will certainly be hard to have top exchanges shut down same day. But make sure you are taking off your funds on exchanges every time you’re taking a trading break.

Right. If we trade daily, maybe we only save funds on the exchange for capital funds that we are willing to lose. If you make a profit, immediately transfer it to your wallet. Because we will never know, bad events will appear suddenly and on any exchange.

Quote from: Zaguru12 on October 01, 2023, 05:56:33 AM

I don’t think this will count because no exchange will actually accept screenshots when returning people’s money. Graphics Designers have evolved as technology also evolves there will be multiple of scammers that could design a screenshot perfectly and put in ridiculous amounts there so it will be just a waste of time for them to accept screenshots as proof.

Sorry about the screenshot, I mean this is to remind us, what is our balance, what crypto do we have on the exchange and the amount. #edited

Quote from: stompix on October 01, 2023, 06:18:18 AM

You have on any exchange the option of downloading a complete statement of your account, why bother with screenshots?
For example:
https://www.binance.com/en/support/faq/how-to-use-binance-account-statements-e12bc83ec9ba4e96a076d2b4a4419182

Thank you for your input. Does every exchange provide something similar that can download account statements other than Binance?

To download the account statement as you said, can I include it in my thread above? Thank You

Hamphser

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Quote from: lombok on October 01, 2023, 05:21:19 AM

If you have some other advice, try sharing it here. And if this post is useful for you, give me merit

Sorry for off topic but this one would really be resulting for you not to get any merit because it turns out that you are really begging for it or trying to be forceful.
Let the community members decide whether its helpful or something that worth to be merited on, or else if they do saw that you are really asking for it then
you would definitely be getting the opposite one on which something like this.

Going back into the topic on which taking up some screenshots for it to be acting as a proof? No it isnt really that a bad idea as long those images are really that safe.
Although its a bit hassle considering that you would really be actively changing it basing up on the new balance that you do have. If you could be able to bare
up such hassle then it would really be just that depending on you as long you do believe that this is something that would really be relevant on doing so.

usekevin

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Quote from: jeraldskie11 on October 01, 2023, 10:23:33 AM

Sometimes taking a screenshot of your funds helps but for me it is not efficient because it wastes time if you keep taking screenshots when you transfer funds. You can see in your transaction history what happened in your account but it is not retrievable as long as the funds have been transferred to the hacker's account. The best thing to do is to improve the security of your account, activate 2fa so that in case the hacker gets your login details, he can't open it.
Screenshot can usually be used if there is a problem in the system that affects your account or an inside job. The best thing to do is to choose a trusted exchange, do a research.

The screenshot of the balance in the exchanges will help you to understand the variation in the price.Because based on the various screenshot,you can understand the price change of the particular coin.So if you forgot also this screenshot will help you find.For the transaction it’s very easy to find by seeing the transaction history of your wallet.The security of the wallet is most of the time important one,because easy to hack by some people.Adding of the 2FA was the important in the exchange to safeguard your wallet.

Hamza2424

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Hmm.. That's a good point OP, well I've never thought of it as never encountered any accident like that, as well buddy there is always a record of total assets in your mail, as whenever we deposit and withdraw as a record platform provides the mail record. So whether taking a screenshot or not does hold any weight. I'm not sure about how the FTX refunded the users. For those who hold a lot of money, it does matter because they prefer going with custodial wallets, trading, and finance because they really can bear the fees. Screenshots are not gonna help in any case because there can be edited versions possibly better to keep your email safe.

Proper management is required while holding the funds and it is never recommended to hold the funds on the exchanges for long terms, because they don't offer any sort of insurance to your funds any any case of hacking, so better to deal with your own choice self custody always.

pixie85

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Quote from: lombok on October 01, 2023, 05:21:19 AM

KYC is now important because usually in the process of recovering funds in cases of collapse or hacking on an exchange, we will be subject to KYC, where the data we input will be checked against each other. If it matches, the fund recovery process will run smoothly. If we do not carry out KYC when registering on an exchange, we will likely have problems when faced with fund recovery requirements.

KYC goes against the principles of bitcoin. There shouldn't be any problems if you didn't undergo KYC because you're supposed to provide basic information like your full name, email address and often a phone number. This, along with your country of origin known to the exchange through your IP is enough to confirm that you were the owner of the account.
I'd say that rule number one for everyone should be to move your coins out of exchanges if you're not planning to sell for at least a few days, but people are often too lazy to do it.

Issa56

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Quote from: lombok on October 01, 2023, 05:21:19 AM

2. If you are forced to store your funds or crypto on an exchange, don't forget to take a screenshot of your balance and account. This SS is useful if at any time something bad happens so you already have proof that you have funds there. Usually SS balance is a requirement for claiming recovery money.

Who is going to force you to leave your funds on a crypto exchange? And how are you going to be forced to leave your coin on exchange? I don't think anyone can force you to leave your funds on exchange, only if you choose to leave your funds on exchange. If an exchange is compromised, do you think the exchange will contact all their customers for proof? Or even if you send proof to them about the amount you are having on the exchange, do you think they are even going to listen to you? Screenshot is not a proof, the best thing to do is don't leave your funds on exchange.

Quote from: lombok on October 01, 2023, 05:21:19 AM

And if this post is useful for you, give me merit

Maybe no one will find the post useful, so you won't be receiving any merit. You won't get any merit because you already made it obvious that you created the thread just because of merit, which I am sure you won't get. Even if some people have the intention to merit you, this last comment you make will discourage everyone from giving you merit.

Stalker22

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Quote from: Cryptomultiplier on October 01, 2023, 11:00:18 AM

Screenshots of important transactions is good because it is an evidence that is just some clicks away and don't require much explanation.
~

No, they are not! Screenshots of important transactions can be helpful, but only to you and to people who take your word for it. They should absolutely not be used to prove anything. Especially not important transactions or account balances, as they can easily be manipulated, altered or taken out of context, making them unreliable as evidence.

DVlog

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Quote from: lombok on October 01, 2023, 05:21:19 AM

2. If you are forced to store your funds or crypto on an exchange, don't forget to take a screenshot of your balance and account. This SS is useful if at any time something bad happens so you already have proof that you have funds there. Usually SS balance is a requirement for claiming recovery money.

Anyone can change their account balance with the inspect element tools and take a screenshot. Do you think this will be a valid document to submit to the court if you can manage to file a case? Why don't you use dex instead. If any exploit happens your on-chain data will still be there. I have never heard of any case study where they accepted screenshots to claim recovery money.

Quote from: lombok on October 01, 2023, 05:21:19 AM

And if this post is useful for you, give me merit

In the past few days some members have been begging for merits at the end of their post! Why is merit so important for them! Begging merits is not allowed and higher-ranking members will avoid your post because of the comments you have made.

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Quote from: lombok on October 01, 2023, 05:21:19 AM

2. If you are forced to store your funds or crypto on an exchange, don't forget to take a screenshot of your balance and account. This SS is useful if at any time something bad happens so you already have proof that you have funds there. Usually SS balance is a requirement for claiming recovery money.

We need to understand how sensitive a screenshot of our baance and account can be. If you take screenshots of your balance, you have to very careful with who sees that screenshot because it can attract the unnecessary attention that you do not need. Imagine someone seeing how much cryptocurrency you have in your bitcoin wallet, that will immediately put you in danger and set you as a target. Keep the screenshots you take of your balance and account a secret.

Cryptomultiplier

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Screenshots of important transactions is good because it is an evidence that is just some clicks away and don't require much explanation.
Depending on the frequency of how you trade, I think keeping a screenshot of all transactions is being too extreme and might make you become or look obsessed.

I also think that unless you reside in a country where Crypto currency is allowed and no strict rules or restrictions against it, then rather unnecessary to have a screenshot of proof when email or text notifications and history of transactions exist as options to maintain proper record of transactions on an exchange.

Coin_trader

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Quote from: lombok on October 01, 2023, 05:21:19 AM

2. If you are forced to store your funds or crypto on an exchange, don't forget to take a screenshot of your balance and account. This SS is useful if at any time something bad happens so you already have proof that you have funds there. Usually SS balance is a requirement for claiming recovery money.

There’s an email notification available as proof to your balance since every deposit and withdrawal has a email notification for it. Email receipt is more admissible than screenshots of your balance since it’s an official receipt coming from the exchange itself instead of screenshots which you personally capture.

You mention already that we should not store our funds on our exchange so there’s no need to do this screenshot thing normally but it’s not wrong to do this too as safety precautions. Remember that exchange can deny your screenshot if they deliberately remove your balance for unknown reason. Also only scammy exchange steal balance from its customer so make sure to use only reputable exchange to minimize risk of experiencing that scenario.

Topic: Do we need to backup Screenshots balance on exchange? (Read 268 times)