I stop using some exchanges - page 4.

Wolfwar

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Quote from: Viceroy on February 24, 2019, 12:30:46 PM

Yes it sounds like a good point, especially when it is decentralized.
But as always in anonymous field, some precautions must be held in order to stay safe.

It seems to me that the security of my funds, which are on the trading exchange, are not at all related to the provision of personal data. I can use those resources that have Google 2-factor authentication and confirmation via email and sms. This is a high degree of protection. Nevertheless, today there are such trading exchanges that increased the restrictions to an average of $ 10,000 per day, who did not provide KYC.

Viceroy

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Yes it sounds like a good point, especially when it is decentralized.
But as always in anonymous field, some precautions must be held in order to stay safe.

H1N1

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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 never good at trading too. I usually using exchange when i want to buy some coins to hold them, or sell coins to get cash.
I think exchange wallet is a good target for hackers because it hold many coins and tokens there.
Thats why we often heard about exchange wallet got hacked.

stigmacryptonight

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Activity: 574

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I have used a lot of exchanges so far because I am not a trader but only a bounty hunter who can sell my tokens where my tokens can be exchanged. For the problem of being hacked I have never experienced this.

EnormousCoin101

full member

Activity: 510

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BBOD fast, non-custodial & transparent Exchange

Exchanges are the main target of those hackers that is why it is not advisable to store your coin there, not so sure how the traders keep their coin safe with those different exchanges but I have an idea that they just make a quick trade and transfer all their funds on a personal wallet.

JuanPaulo

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Activity: 336

Merit: 10

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

It is best to trade on popular and proven exchanges. The amount of commissions there is certainly higher, but there is a certainty that no one will steal your money. I choose security. It is better to pay a higher percentage for trading than to lose all your money.

disconnectme

hero member

Activity: 1876

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What people need to understand is that decentralized exchanges also can be hacked. Anytime you observed that exchanges are delaying processing your withdrawals that is a red flay, move your money away from the place and the most important thing, do not keep your fund on exchanges unless you are an active trader

daly896

member

Activity: 434

Merit: 10

BITWIN

I haven't stopped doing something and I always use different crypto exchanges trying something new.
Well, to be honest it is something where you have to get experience and move on

B.

copper member

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when you experience a loss when trading, you don't lose your money completely, you will only lose a few percent and if you don't sell it you still have the chance to get it back because the price can go up again, different from hacking, I think it hurts a lot our money will disappear completely and we have no chance to be able to take it back, therefore it is very important to choose a safe exchanger but the fact is that sometimes we cannot choose because the coins we have are not always registered with the exchanger we like

timmydakolo2

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Activity: 225

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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.

Galantin

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Activity: 602

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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

ethershift - Is this a project advertisement? While they do not even allow to exchange their coins. So to call it an exchange is too early. Safety is good, but how do you profit on such baking?

ajdaj

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Quote from: mirgo1791 on February 23, 2019, 02:30:02 PM

the decision as applying use with efforts as trader to manage tasks on evaluation to helps on further as referring confirmation to gains with the decision as expending use with spares on possession of the funds for exchange with request as closing of position as the finest terms.

You can put up with most of the conditions put forward by many labor exchanges today. I, in turn, use different platforms, due to the fact that not all trading platforms are coins that I need. Sometimes the product is quite specific and therefore it is necessary to use even the highly developed exchanges.

mirgo1791

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the decision as applying use with efforts as trader to manage tasks on evaluation to helps on further as referring confirmation to gains with the decision as expending use with spares on possession of the funds for exchange with request as closing of position as the finest terms.

daarul50

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I think it is precisely in the absence of a profile, e-mail, etc. That the exchange will become more vulnerable to hacking. how can you use an exchange like that?

fibrolit

sr. member

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Quote from: ?? on ??

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 quite curious on some people's reasons of choosing some not known exchanges. We already got our bestfriend, Binance. I've been attempting to try Bittrex last December 2017 (the month for the bull run of Bitcoin), but there was loads of user registering in their site making it overloaded so they decided to disable registration at that moment. Now that I had established my day trading account in Binance, I don't know if I'll still consider it though.
I didn't know TokenMom but may I ask what tokens or coins were you trading at that exchange that made you not register in Binance instead?

The author is referring to decentralized exchanges, which are becoming more and more,and I am sure that they are the future. These exchanges are really no registration or KYC,can be placed almost any token standard ERC. So far,these exchanges are losing in terms of exchange rate,but I hope that in the near future this problem will be solved.

mv1986

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Quote from: macstrong12 on February 23, 2019, 01:41:39 PM

Yeah some exchanges are weak and full of bugs like what we have seen in before, instead some new exchanges are borning like bitmax, and they are adding some very good tokens that you can't find some of them even on binance, I belive we need to be update in this market and use new things, may be they are better than older ones.

Some bugs will remain unknown until they get exploited by capable scammers for the first time.

macstrong12

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Yeah some exchanges are weak and full of bugs like what we have seen in before, instead some new exchanges are borning like bitmax, and they are adding some very good tokens that you can't find some of them even on binance, I belive we need to be update in this market and use new things, may be they are better than older ones.

Yalovtsev

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Activity: 644

Merit: 100

many after hacking, began to think seriously about some exchanges, and in General about the relevance of their use, as people there have lost just a huge amount of money,and a very high probability that no one will not return the money,so it is recommended that large amounts of money not to keep on the exchanges

absurde

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This is the safest way to away from exchanges who has low volumes and delay while withdrawing. Most of them use bots to increase volume.

beehimneff

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Activity: 574

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Thanks to the author for the valuable information. Wink

Yes, keeping cryptocurrency on the stock exchanges is a big risk, especially if you do not trade. And of course it is better to choose a more popular and reliable exchanges.

Topic: I stop using some exchanges - page 4. (Read 1589 times)