is bitcoin wallet based company is going to close or it will safe.. - page 2.

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I have never heard of this online wallet Zebpay before, but since they have sent a message to you to inform you on moving your bitcoins to an offline wallet for storage purpose, it means the company are warning users that uses their online wallet to take note of 1st august, there might be a chance for the bitcoin chain to split into two, but chances are relatively low for that to happen, users should still take safety measures to store all their bitcoins in cold wallet.

xIIImaL

legendary

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Quote from: mailsforcyr on July 19, 2017, 02:07:30 AM

Hi experts,

i am storing 10 BTC IN MY ZEBPAY bitcoin wallet. two days back i received one message like please store ur coins into paper wallet or offline wallet.
so is it means the company is going to shutdown or what happening..iam in confusion ..
can anyone have idea about Zebpay..please share with me..

Still there are richest bitcoin address which you can find it in google search itself. Are they loosing their bitcoin from their wallet. Please use reputed wallet which is good to hold your bitcoin like blockchain.info online wallet or mulitibit and electrum desktop wallet. If you depend to pure wallet provider sometime you get scammed due to their lose and bad owner. So be safe on your own concerns first.

pearlmen

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Quote from: mailsforcyr on July 19, 2017, 02:07:30 AM

Hi experts,

i am storing 10 BTC IN MY ZEBPAY bitcoin wallet. two days back i received one message like please store ur coins into paper wallet or offline wallet.
so is it means the company is going to shutdown or what happening..iam in confusion ..
can anyone have idea about Zebpay..please share with me..

If I am the one, I wont even wait for the message to come before saving the money in a paper wallet not to talk about being informed about it yet you are asking whether you should do it or not, with all the discussions around the forum for a couple of days now if not weeks, everyone knows the right thing to do even if you have 0.01 btc, you just have to keep it where you have control with the August 1 knocking on our doors not to talk of 10btc which is a whole lot of money.

btc_angela

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Quote from: mailsforcyr on July 19, 2017, 02:07:30 AM

Hi experts,

i am storing 10 BTC IN MY ZEBPAY bitcoin wallet. two days back i received one message like please store ur coins into paper wallet or offline wallet.
so is it means the company is going to shutdown or what happening..iam in confusion ..
can anyone have idea about Zebpay..please share with me..

I think most of them will not accept deposits/withdrawals on July 31 in preparation of the Aug. 1 date. They are not going to shutdown, they just wanna be on the safe side because we don't know what's gonna happen after Aug 1. And merely advising you to secure your coins, meaning you need to have the private keys of your bitcoin. Wallets like Electrum or Bitcoin core would be the best option for you to hold and secure your coins.

Iranus

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Zebpay is most likely not closing down.

They're warning you of upcoming chain splits on August 1st - BIP 148 and "Bitcoin Cash".

While I personally think that neither of them will amount to anything and that SegWit will be activated via BIP 91, it's definitely good practice to bring your coins to a wallet where you control the private keys, for at least a couple of weeks after that date.

It's hard for an online wallet to manage those multiple chains and provide you with a good user interface. The purpose of the warning is to keep you safe so that you own all the chains and can use them if necessary.

You should read theymos' post about this here.

Duzter

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As the days of splitting is nearing its suggested to hold bitcoin in a secure manner avoiding third party services. Maybe to gain the reputation once after the issue gets solved, the concern service provider might have suggested to keep hold of the bitcoin using the paper wallet and in a secure manner.

dunfida

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Quote from: mailsforcyr on July 19, 2017, 02:07:30 AM

Hi experts,

i am storing 10 BTC IN MY ZEBPAY bitcoin wallet. two days back i received one message like please store ur coins into paper wallet or offline wallet.
so is it means the company is going to shutdown or what happening..iam in confusion ..
can anyone have idea about Zebpay..please share with me..

That suggestion is a good one. I have checked zebpay since I didn't hear it on the past and I saw its an exchange and most people suggest here that we should not store up our Bitcoin on an exchange wallet because we wont know on when would they stop operating and also you don't have the access of your private keys compared on paper wallet and offline wallet which you do have the possession of your private keys.

mailsforcyr

member

Activity: 132

Merit: 10

Hi experts,

i am storing 10 BTC IN MY ZEBPAY bitcoin wallet. two days back i received one message like please store ur coins into paper wallet or offline wallet.
so is it means the company is going to shutdown or what happening..iam in confusion ..
can anyone have idea about Zebpay..please share with me..

Topic: is bitcoin wallet based company is going to close or it will safe.. - page 2. (Read 618 times)