I stop using some exchanges - page 3.

carlfebz2

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

Quote from: Stanlo on February 18, 2019, 10:49:26 AM

Im never good at trading ,always lose money but how about those who lose money due to exchange been hacked? Well thanks to new exchanges that only support p2p ,no profiles ,no emails ,no passwords, they are the safest out there ,this is why I'm so hooked with changelly since 2016 ,so use this kind of exchanges and you are safe from hacks and phishing who is with me? Other exchanges that are like changelly are ethershift and tokenmom ,there might be others too

Instant exchange service is different from typical trading platforms.Yes you can really make conversions directly without the need of storing your coins into the site but when it comes to fees
it wont really be idea for you to buy and sell on changelly.Rates and profiting opportunities wont really be possible and also you can execute trades and made analysis into those platforms which do have charting.
Its up to you on which you do prefer.

Btc_1856

sr. member

Activity: 1540

Merit: 255

Quote from: mv1986 on March 01, 2019, 07:50:56 AM

Quote from: semobo on February 28, 2019, 03:19:32 PM

When an exchange is centralized then you may have the chances of losing your funds through hacking but still there are some centralized exchange which having huge trading volume so you can trade on it but not trusted to store anything in it.

If you stick to using centralized exchanges with a license the risk of losing everything is smaller than if you use some shady exchange with anonymous people behind it.

Before trading any exchange we need to check carefully about the details and from where the exchange is running. We need to be very careful with the exchange with low volumes and their tokens listing, some coin will be listed on the basis of money.

semobo

full member

Activity: 1498

Merit: 146

Quote from: mv1986 on March 01, 2019, 07:50:56 AM

Quote from: semobo on February 28, 2019, 03:19:32 PM

When an exchange is centralized then you may have the chances of losing your funds through hacking but still there are some centralized exchange which having huge trading volume so you can trade on it but not trusted to store anything in it.

If you stick to using centralized exchanges with a license the risk of losing everything is smaller than if you use some shady exchange with anonymous people behind it.

Every people have teir different priority while using trading platforms,some prefer less fee and more trading pairs and some other prefer anonymity so it depends on the people to choose what kind of exchange.

mv1986

legendary

Activity: 2058

Merit: 1166

Quote from: semobo on February 28, 2019, 03:19:32 PM

When an exchange is centralized then you may have the chances of losing your funds through hacking but still there are some centralized exchange which having huge trading volume so you can trade on it but not trusted to store anything in it.

If you stick to using centralized exchanges with a license the risk of losing everything is smaller than if you use some shady exchange with anonymous people behind it.

semobo

full member

Activity: 1498

Merit: 146

Quote from: shoreno on March 01, 2019, 01:40:24 AM

Quote from: semobo on February 28, 2019, 03:19:32 PM

When an exchange is centralized then you may have the chances of losing your funds through hacking

what about decentralize exchange ? they are more risky imo because most of them uses a private key to access your assets . these was the reason that they are prone to phishing attempts , what if you accidentally visited a phish site and you enter import your private key ? all coins in your portfolio can be lost in an instant and there is no point of recovering them unlike to centralized exchanges that they may refund you because its not your fault on why they were hacked .

No centralized exchange is goig to refund your money if they got hacked so you can make yourself secured when you have the full control of your wallet like in Decentralized exchanges.Phishing sites can be avolided by using high seucirty internet package on your system and you need to bookbar the site and login through only from their to avoid phishing.

CryptoCounselor

jr. member

Activity: 39

Merit: 2

Quote from: shoreno on March 01, 2019, 01:40:24 AM

Quote from: semobo on February 28, 2019, 03:19:32 PM

When an exchange is centralized then you may have the chances of losing your funds through hacking

what about decentralize exchange ? they are more risky imo because most of them uses a private key to access your assets . these was the reason that they are prone to phishing attempts , what if you accidentally visited a phish site and you enter import your private key ? all coins in your portfolio can be lost in an instant and there is no point of recovering them unlike to centralized exchanges that they may refund you because its not your fault on why they were hacked .

I use decentralized exchange but those reliable ones and I always check the url upon using it. And you will be safe if you are always carefull and don't ever search the exchanger sites on google or other search engine since a chances that we can get the fake phising ones and that would be more awful unto us if we get a phising dummy site

Zalaster

member

Activity: 308

Merit: 13

Quote from: Stanlo on February 18, 2019, 10:49:26 AM

Im never good at trading ,always lose money but how about those who lose money due to exchange been hacked? Well thanks to new exchanges that only support p2p ,no profiles ,no emails ,no passwords, they are the safest out there ,this is why I'm so hooked with changelly since 2016 ,so use this kind of exchanges and you are safe from hacks and phishing who is with me? Other exchanges that are like changelly are ethershift and tokenmom ,there might be others too

I totally agree with you. Using exchangers without registering is safe and time-saving. I used Changelly, but now I use ChangeNOW, they offer a favorable rate and bonuses.

shoreno

full member

Activity: 1750

Merit: 118

Quote from: semobo on February 28, 2019, 03:19:32 PM

When an exchange is centralized then you may have the chances of losing your funds through hacking

what about decentralize exchange ? they are more risky imo because most of them uses a private key to access your assets . these was the reason that they are prone to phishing attempts , what if you accidentally visited a phish site and you enter import your private key ? all coins in your portfolio can be lost in an instant and there is no point of recovering them unlike to centralized exchanges that they may refund you because its not your fault on why they were hacked .

semobo

full member

Activity: 1498

Merit: 146

When an exchange is centralized then you may have the chances of losing your funds through hacking but still there are some centralized exchange which having huge trading volume so you can trade on it but not trusted to store anything in it.

pocketfullofpoke

full member

Activity: 476

Merit: 101

www.daxico.com

If you are holding couple of cryptocurrencies in your digital wallet and with the current status of cryptoworld as of today, it's really hard for you to use any of the exchanges because selling your crypto is not a good idea this time. Even looking at the crypto market can sometimes frustrates you so its better to rest and never think of the market now.

mv1986

legendary

Activity: 2058

Merit: 1166

Quote from: timmydakolo2 on February 23, 2019, 03:06:18 PM

Quote from: Stanlo on February 18, 2019, 10:49:26 AM

Im never good at trading ,always lose money but how about those who lose money due to exchange been hacked? Well thanks to new exchanges that only support p2p ,no profiles ,no emails ,no passwords, they are the safest out there ,this is why I'm so hooked with changelly since 2016 ,so use this kind of exchanges and you are safe from hacks and phishing who is with me? Other exchanges that are like changelly are ethershift and tokenmom ,there might be others too

A good trader is not meant to make use of all Exchangers around, not all are safe and also not all will give you the volume you wanted, we look at security reasons as well will determine.

But even a good trader doesn't get around the fact that he has to use several exchanges to get access to most of the coins and tokens out there.

The Cryptologist

full member

Activity: 546

Merit: 100

When a trader hold many altcoins in his portfolio, he can't really avoid to put it in exchanges. And most of the time, their own wallets are very buggy that you will just decide to make it sleep on exchanges. Altcoins is the most profitable and the less you have means the less chance you will make higher rewards. So you guys decide if want to be safe from hacking or risk those altcoins in exchanges to have greater roi in the future.

timmydakolo2

jr. member

Activity: 225

Merit: 1

Quote from: amaterazu on February 18, 2019, 12:09:26 PM

Using a lot of exchanges, in my opinion, is better. Because each exchange market has prices that are different from other exchanges. But if you focus on lots of exchanges, of course, you have to be careful. And you have to be able to save your coins well so they don't disappear.

Is a good thing to make use of lots of Exhcanger but this is regarding on the safety side of your business, not to put all funds in one particular Exchanger and also in other hand not to split it on too many of them.

cotton ball

sr. member

Activity: 1288

Merit: 253

Is it possible to be safe from hacking? because what I know of all websites is certainly not safe in hacking maybe because the market is not a good target so it is very rare for people who want to enter the market, the most important thing is not to save 100% assets to avoid things that we don't want.

MUG1WARA

full member

Activity: 1008

Merit: 101

Quote from: Coin BTC on February 24, 2019, 03:19:45 PM

Indeed there are several exchanges that do not use email, passwords, or other profiles. Like the forkdelta using the MEW private key, Stellar that uses the Stellar private key, etc. But not apart from hacker attacks, and this has happened. But the exchange that uses e-mail security is also very safe from attacks, they make with high security. Api key, G.A, IP detection, etc. I have no doubt about the security used by exchange developers. Except new exchange. They are still in the testing phase.

not necessarily, you know the exchange of "coinsmakets" they use email and passwords but see what happens, hackers have taken all the assets there and all the people who trade there are crying because they lost all their money ... look now, their servers are down hacker attack

James678

member

Activity: 434

Merit: 10

If you stopped using exchanges, then it was for a reason. From my point of view there are good and there are bad exchanges and it is up to you if you use good or best ones or use crappy exchanges

Coin BTC

member

Activity: 721

Merit: 19

Trident Protocol | Simple «buy-hold-earn» system!

Quote from: Stanlo on February 18, 2019, 10:49:26 AM

Im never good at trading ,always lose money but how about those who lose money due to exchange been hacked? Well thanks to new exchanges that only support p2p ,no profiles ,no emails ,no passwords, they are the safest out there ,this is why I'm so hooked with changelly since 2016 ,so use this kind of exchanges and you are safe from hacks and phishing who is with me? Other exchanges that are like changelly are ethershift and tokenmom ,there might be others too

Indeed there are several exchanges that do not use email, passwords, or other profiles. Like the forkdelta using the MEW private key, Stellar that uses the Stellar private key, etc. But not apart from hacker attacks, and this has happened. But the exchange that uses e-mail security is also very safe from attacks, they make with high security. Api key, G.A, IP detection, etc. I have no doubt about the security used by exchange developers. Except new exchange. They are still in the testing phase.

Ardazello

jr. member

Activity: 175

Merit: 1

Quote from: Stanlo on February 18, 2019, 10:49:26 AM

Im never good at trading ,always lose money but how about those who lose money due to exchange been hacked? Well thanks to new exchanges that only support p2p ,no profiles ,no emails ,no passwords, they are the safest out there ,this is why I'm so hooked with changelly since 2016 ,so use this kind of exchanges and you are safe from hacks and phishing who is with me? Other exchanges that are like changelly are ethershift and tokenmom ,there might be others too

I am not sure about tokenmom goodness. there are many negative in their bounty thread. People found that its team is fake.

veekky

member

Activity: 490

Merit: 10

Why have you stopped using some exchanges? Are you satisfied or not with most of them?
As for me I am not satisfied with Korean exchanges and small exchanges

Cyptobonds1

jr. member

Activity: 262

Merit: 2

I believe you are right about your choice, some exchange these days are not worth to be trusted with the whole lot of issues about being hacked day by day and a lot of money being lost and dey don't even try refunding them. The best thing is to get out of exchange once you are done trading send out all your money in there to avoid bull storry.

Topic: I stop using some exchanges - page 3. (Read 1589 times)