EXCHANGER WALLET | Bitcointalksearch.org

wintermeasures

sr. member

Activity: 322

Merit: 250

Quote from: secone on June 19, 2016, 09:25:43 PM

Quote from: wintermeasures on June 19, 2016, 06:32:25 AM

Hi everyone, during this time I have a question, why of the exchanger no one gives a private key for our wallet? why only those who know. whether it was for security reasons? Thank you

in fact bittrex do it, if you want the paper copies

9.4 Requesting Paper Copies. If, after you consent to receive Communications electronically, you would like a paper copy of a Communication we previously sent you, you may request a copy within 30 days after the date we provided the Communication to you by contacting us as at [email protected]. In order for us to send paper copies to you, you must have a current street address on file with Bittrex. Please note that our Services operate exclusively online and it is very burdensome for us to produce paper copies of Communications. Therefore, if you request paper copies, you agree that we may charge you a processing fee, in the amount described in the Fee Schedule at www.bittrex.com/fees for each page of Communication requested.

Hai dude, sorry because im new in bitcoin so i don't have any idea about paper copy? My question what is paper copy ? or like a paper wallet as we can manage the balance in the wallet? Thank you

secone

hero member

Activity: 700

Merit: 501

Quote from: wintermeasures on June 19, 2016, 06:32:25 AM

Hi everyone, during this time I have a question, why of the exchanger no one gives a private key for our wallet? why only those who know. whether it was for security reasons? Thank you

in fact bittrex do it, if you want the paper copies

9.4 Requesting Paper Copies. If, after you consent to receive Communications electronically, you would like a paper copy of a Communication we previously sent you, you may request a copy within 30 days after the date we provided the Communication to you by contacting us as at [email protected]. In order for us to send paper copies to you, you must have a current street address on file with Bittrex. Please note that our Services operate exclusively online and it is very burdensome for us to produce paper copies of Communications. Therefore, if you request paper copies, you agree that we may charge you a processing fee, in the amount described in the Fee Schedule at www.bittrex.com/fees for each page of Communication requested.

wintermeasures

sr. member

Activity: 322

Merit: 250

Quote from: yenxz on June 19, 2016, 11:37:08 AM

Quote from: wintermeasures on June 19, 2016, 06:32:25 AM

Hi everyone, during this time I have a question, why of the exchanger no one gives a private key for our wallet? why only those who know. whether it was for security reasons? Thank you

ah this is same question when i new on bitcoin,and new to start trading,back to the time when i think about that,and now i got the answer,they will not give us private key,because they wan't you hold wallet,they just want you to hold address,for deposite and witdraw.

Hahaha, yeah all right, I think if there are more cases like MT.gox the exchanger will be run with our wallet for the guarantee of early retirement. until now I am still scared when considering mtgox, and therefore I ask this. Thank you for you all opinion guys.

sana54210

legendary

Activity: 3318

Merit: 1128

Exchangers usually do not offer private keys for convenience and also for security reasons.
Wallets provided by exchangers are actually owned by the exchangers themselves and they handle the security issues with it.

ning_chang

full member

Activity: 210

Merit: 100

Quote from: wintermeasures on June 19, 2016, 06:32:25 AM

Hi everyone, during this time I have a question, why of the exchanger no one gives a private key for our wallet? why only those who know. whether it was for security reasons? Thank you

dipendi because it's companya to what rules there are many of them but you have options that you select your website you know to be secure website. it just depends on you it ☺😇

cokkapaga

legendary

Activity: 867

Merit: 1000

Exchange only a place to trading bitcoin and altcoin
they no need to gives a private key. If do you want to a private key store your coin in offline wallet or online wallet.

MingLee

hero member

Activity: 490

Merit: 520

To my knowledge, exchange wallets don't give users private keys because of the storage methods they use. A lot of exchanges put Bitcoin into cold storage, and not active in wallets, so giving out private keys would compromise the integrity of that.

If you really want to keep your Bitcoin safe, keep it in your own wallet.

yenxz

sr. member

Activity: 294

Merit: 250

Quote from: wintermeasures on June 19, 2016, 06:32:25 AM

Hi everyone, during this time I have a question, why of the exchanger no one gives a private key for our wallet? why only those who know. whether it was for security reasons? Thank you

ah this is same question when i new on bitcoin,and new to start trading,back to the time when i think about that,and now i got the answer,they will not give us private key,because they wan't you hold wallet,they just want you to hold address,for deposite and witdraw.

sempak

hero member

Activity: 1638

Merit: 505

Quote from: wintermeasures on June 19, 2016, 06:32:25 AM

Hi everyone, during this time I have a question, why of the exchanger no one gives a private key for our wallet? why only those who know. whether it was for security reasons? Thank you

it is because that you can trade. if you want to use the private key then use the wallet. but in your wallet will never be able to trade. every place has its disadvantages and advantages of each with a plausible reason.

calkob

hero member

Activity: 1106

Merit: 521

It would create more problems for exchangers which they just dont need, with people sending funds and then decietfully withdrawing them and maybe claiming they didnt

Red-Apple

hero member

Activity: 1470

Merit: 655

Quote from: wintermeasures on June 19, 2016, 06:32:25 AM

Hi everyone, during this time I have a question, why of the exchanger no one gives a private key for our wallet? why only those who know. whether it was for security reasons? Thank you

because if you have the private keys you don't need the exchanger any more. they are the one who is handling all the funds. if you have the private keys and lets say sell bitcoin to another buyer then you have to manually send the funds to his wallet and take the cash from him to your bank account then why is there an exchanger here? go do it on localbitcoins.com yourself!

tobacco123

sr. member

Activity: 552

Merit: 250

The exchangers need to help you execute the trade you will be making. If both you and exchanger are holding the private keys, then there are more complex issues such as double spending or security problems.

There fore none of the exchangers will want to worry about these. They have other issues to worry about. But as the users, we should consider storing our coins in offline paper or hardware wallets, and only leave sufficient for trading with the exchanger. My Gox story is a reminder.

X-ray

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Activity: 3066

Merit: 536

Leading Crypto Sports Betting & Casino Platform

Quote from: wintermeasures on June 19, 2016, 06:32:25 AM

Hi everyone, during this time I have a question, why of the exchanger no one gives a private key for our wallet? why only those who know. whether it was for security reasons? Thank you

I think all of the exchanger wallets have this feature for the security you can make a review from some users the wallet. Or try to ask your friend about this maybe 1 of your friend using the private key. But I think all of the the wallet have same standard security.

alani123

legendary

Activity: 2422

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Leading Crypto Sports Betting & Casino Platform

Well, it depends on what system they use and how they manage internal funds. Allowing users of exchanges to have full feature wallets along with all other services would be resource intensive and it's part of their business anyway. So most exchanges centralize fund managment for less complicated engineering and hence reduced costs.

wintermeasures

sr. member

Activity: 322

Merit: 250

Hi everyone, during this time I have a question, why of the exchanger no one gives a private key for our wallet? why only those who know. whether it was for security reasons? Thank you

Topic: EXCHANGER WALLET (Read 660 times)