Is it SAFE to hold bitcoin on Mt GOX? Urgent - page 2.

malaimult

hero member

Activity: 658

Merit: 500

Quote from: Sephera on December 13, 2013, 01:09:03 AM

Will be putting 1.0 or 2 bitcoin on Coinbase for storing and maybe trading purposes. Will that be safe?

Also I am buy when the price is 900US so it would be about 1100AU per bitcoin for me.

Do you think it's safe to sort that amount on there. It's pretty small change for some people but I would like advice as it is a lot of money for me at the moment.

Please advise, Urgent.

stay away from coinbase. use online wallets like blockchain. read my previous post

http://blockchain.info/wallet

Sephera

member

Activity: 112

Merit: 10

Will be putting 1.0 or 2 bitcoin on Coinbase for storing and maybe trading purposes. Will that be safe?

Also I am buy when the price is 900US so it would be about 1100AU per bitcoin for me.

Do you think it's safe to sort that amount on there. It's pretty small change for some people but I would like advice as it is a lot of money for me at the moment.

Please advise, Urgent.

poopbaron

newbie

Activity: 2

Merit: 0

agreed. nothing good has ever come from my dealings with mt. gox Cry

Sephera

member

Activity: 112

Merit: 10

So coinbase or blockchain?

Zposit

newbie

Activity: 6

Merit: 0

Stay away from mtgox.
You have been warned.

wolfcoin

newbie

Activity: 17

Merit: 0

yeah you dont want to get goxxed - its happened before and the chances are too high that it will happen again

Jenneke

newbie

Activity: 6

Merit: 0

Yeah, stay away from Gox. I lost my entire account when it got hacked. They just shrugged and told me to take it up with the local police. Granted I didn't follow up, it was back when BTC was only worth $5 and I only lost around 10 BTC. I'm kicking myself over that these days.

Sephera

member

Activity: 112

Merit: 10

So is coinbase or blockchain better?

Sephera

member

Activity: 112

Merit: 10

At the moment I am only buying one or two bitcoins so, only 2K. I don't think people will bother to hack for that?

I want to get this done by today and then look into the best way to keep paper wallet. Before the price goes up.

Is anyone anticipating a price drop?

cr1776

legendary

Activity: 4130

Merit: 1307

Quote from: exstasie on December 10, 2013, 09:24:31 PM

If its a lot of coins..i'd say no. Nothin out there is safe, and the only method would be to store it offline in wallet form.

This. You can make a paper wallet relatively easily. Take the time to do so because if properly secured they are safe. Mother big exchanges etc are prime targets for thieves and it only takes one mistake to have many stolen.

TheJacob

full member

Activity: 224

Merit: 100

You can move bitcoins very easily. Keep the absolute minimum on exchanges, gambling sites,etc.

Has little to do with security and more to do with none of these sites being all that trustworthy.

mb2014

newbie

Activity: 23

Merit: 0

Quote from: Sephera on December 10, 2013, 08:40:16 PM

Is it safe to hold bitcoin with MT GOX if I get YUBI key and OTP card plus google authenticator.

I don't know how to do Paper wallet. Also I prefer everything online.

Paper wallet is really simple. There are youtube videos to help you as well. Stay away from GOX.

fiddelingones

full member

Activity: 127

Merit: 100

Quote from: Sephera on December 10, 2013, 09:21:19 PM

Is it possible to buy bitcoin from someone local and send them to be stored on coinbase.

It seems easily hackable. If someone can get a hold of your password they can easily change the phone numbers on that account.

Why you have the need storing Bitcoins on Exchanges or online wallets?

antgrinder

newbie

Activity: 42

Merit: 0

offline wallet is the best

jackyvo

newbie

Activity: 2

Merit: 0

How about security of Coinbase? If it looks like Sheep Marketplace before Sad

malaimult

hero member

Activity: 658

Merit: 500

use wallets? offline wallets?

blockchain is the most secure way to store it

http://blockchain.info/wallet

http://bitcoin.org/en/choose-your-wallet

exstasie

legendary

Activity: 1806

Merit: 1521

If its a lot of coins..i'd say no. Nothin out there is safe, and the only method would be to store it offline in wallet form.

Sephera

member

Activity: 112

Merit: 10

Is it possible to buy bitcoin from someone local and send them to be stored on coinbase.

It seems easily hackable. If someone can get a hold of your password they can easily change the phone numbers on that account.

Sephera

member

Activity: 112

Merit: 10

I can't use an AU bank to buy at Coinbase though.

monbux

legendary

Activity: 1736

Merit: 1029

I suggest you turn away from GOX, get your coins out while you can. They've been having numerous problems for the past few months, and I suggest withdrawing immediately. Perhaps use localbitcoins or bitstamp when you are buying/selling.

Topic: Is it SAFE to hold bitcoin on Mt GOX? Urgent - page 2. (Read 1849 times)