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Topic: Is it safe to store Bitcoin in such a company? (Read 259 times)

legendary
Activity: 1386
Merit: 1020
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October 06, 2018, 04:05:31 PM
#31
Is it safe to store Bitcoin in such a company?

Led by Alex Mashinsky, crypto lending startup Celsius says it's paying thousands of users interest for depositing bitcoin and ether in its wallet app……

https://www.trackcoinmarket.com/en/crypto-news/31795/voip-pioneer-startup-paying-users-interest-millions-crypto
Not totally safe unless if you do put up your funds on a storage which you dont have the possesion of your private keys.Anything or 3rd party storages would act similar like exchangers or wallets that dont give out users keys which tendency of being or getting hacked or stolen funds is high. No matter how popular the owner or company would be you cant really remove the fact that anytime sooner they can ran of with users funds.
legendary
Activity: 2968
Merit: 3684
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OP, if you don't want to get reported, stop the spamming. 1 word posts with the quoting pyramids of doom is treading the line.

If you want to use Bitcoin properly, use your own wallet. Bitcoin's cryptographic security is infinitely stronger and safer than any type custodial service or centralised security, will last infinitely longer than any nuclear vault, and keeps getting stronger every day, whereas security on centralised custodial services are stagnant.

Case closed.
sr. member
Activity: 686
Merit: 264
"STAY IN THE DARK"
@OP avoid posting multiple times in a row which is also against our forum rule which could be a reason for permaban,just delete multiple posts and try to post everything under one post.

It is never safe to store your bitcoins anywhere other than your wallet so you need to save only there if you invest it in someother website will it leads to problem.
copper member
Activity: 172
Merit: 7
Is it safe to store Bitcoin in such a company?

Led by Alex Mashinsky, crypto lending startup Celsius says it's paying thousands of users interest for depositing bitcoin and ether in its wallet app……

https://www.trackcoinmarket.com/en/crypto-news/31795/voip-pioneer-startup-paying-users-interest-millions-crypto
I think storing search amount of Bitcoin with enough mindset in something will always very beneficial for everyone but it may not be successful in all time so we cannot say this is the right way to invest or store in a single company two different ways and think more than twice it will very very helpful for to sing the better way this is my opinion.
ok
copper member
Activity: 172
Merit: 7
I would rather leave it on coinbase earning 0% interest than entrust it in an unknown unreputable company. For passive earning these can be converted into NEO and then left in the binance wallets. They will collect free GAS tokens on your behalf, but of course it is always better to use your own wallets

ty
hero member
Activity: 924
Merit: 511
Is it safe to store Bitcoin in such a company?

Led by Alex Mashinsky, crypto lending startup Celsius says it's paying thousands of users interest for depositing bitcoin and ether in its wallet app……

https://www.trackcoinmarket.com/en/crypto-news/31795/voip-pioneer-startup-paying-users-interest-millions-crypto

Just like some experts say you shouldn't store bigger amounts in exchanges, this lending platform is a same example of for us.
Keeping your bitcoins on a platform you don't control private key has never been assumed safe, afterall it is literally like keeping your money into someone's pocket
full member
Activity: 1106
Merit: 166
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Is it safe to store Bitcoin in such a company?

Led by Alex Mashinsky, crypto lending startup Celsius says it's paying thousands of users interest for depositing bitcoin and ether in its wallet app……

https://www.trackcoinmarket.com/en/crypto-news/31795/voip-pioneer-startup-paying-users-interest-millions-crypto
I think storing search amount of Bitcoin with enough mindset in something will always very beneficial for everyone but it may not be successful in all time so we cannot say this is the right way to invest or store in a single company two different ways and think more than twice it will very very helpful for to sing the better way this is my opinion.
full member
Activity: 630
Merit: 100
I would rather leave it on coinbase earning 0% interest than entrust it in an unknown unreputable company. For passive earning these can be converted into NEO and then left in the binance wallets. They will collect free GAS tokens on your behalf, but of course it is always better to use your own wallets
full member
Activity: 414
Merit: 100
if I read his personal data, Alex Mashinsky was a successful man who could establish a technology company in 1996. and in 2004 a smartphone srevis expert, a great achievement in managing a company.
But if you entrust Bitcoin to others, it will be very happy for yourself, the risk of losing your own Bitcoin, you must be more careful in using your Bitcoin
copper member
Activity: 172
Merit: 7
in my opinion it is not safe, because I myself have experienced fraud and now I will not save anything except the official company and is well known in public. Con artists sometimes disguise themselves as if they are official partners of a reputable company, and I hope you are careful, it's better to keep your own assets without a third party
YES,I'm afraid they are a Swindlers Company.
copper member
Activity: 172
Merit: 7
Of course it is safe to invest your bitcoin in such a company, but you have to make sure that that company is established and trustworthy specially if you’re investing a lot.
I'm afraid they are a Swindlers Company.
sr. member
Activity: 569
Merit: 250
in my opinion it is not safe, because I myself have experienced fraud and now I will not save anything except the official company and is well known in public. Con artists sometimes disguise themselves as if they are official partners of a reputable company, and I hope you are careful, it's better to keep your own assets without a third party
copper member
Activity: 172
Merit: 7
Is it safe to store Bitcoin in such a company?

Led by Alex Mashinsky, crypto lending startup Celsius says it's paying thousands of users interest for depositing bitcoin and ether in its wallet app……

https://www.trackcoinmarket.com/en/crypto-news/31795/voip-pioneer-startup-paying-users-interest-millions-crypto
No one is going to give you an affirmative answer on this as no one knows if it's safe or not,this system is anonymous and a lot more than you can imagine happens underground,you could even be linked with a fake website address and lose a lot of money..
  That been said its safety doesn't depend on whosoever is running it,and remember in this decentralized system trust absolutely no one but yourself as everyone is a scam until at least they are not Grin
s this a centralization wallet?
copper member
Activity: 172
Merit: 7
if I think it's safe and not it depends on how the person uses it, because if we are careless and not careful the day must be prone to loss
I am afraid he is a Swindlers Company, then our bitcoin will probably be gone.
hero member
Activity: 1190
Merit: 534
Bitcoin is based on the blockchain technology which relies on the principle of decentralization. Even though the decentralization has tremendous power, there is also a sense of responsibility and hence when it comes to crypto it's all about self-responsibility. One should always understand the fact that anyone having the private key or access to the fund has the ability to spend funds associated with that wallet with or without the permission of the owner.
hero member
Activity: 3052
Merit: 651
This is one old trick for a scam.
Once I saw this kind of offer using Australian dollar. They say you will just have to deposit the certain kind of currency and then you will get a percentage in return once another user loaned the money you have deposited.

Don't fall for it. If you really want to invest with something like that then, be really careful. See to it that the person running it have funds also in case something bad happens.
member
Activity: 1302
Merit: 25
It is a good idea but you also should search whether it is a legit and trustworthy company or not.

I think this is also like having your coins saved for you with an exchange. Even with adequate research, anything can still happen, it is not regulated and because of this factor, it is risky. Registration is different from being regulated.
jr. member
Activity: 293
Merit: 1
Is it safe to store Bitcoin in such a company?

Led by Alex Mashinsky, crypto lending startup Celsius says it's paying thousands of users interest for depositing bitcoin and ether in its wallet app……

https://www.trackcoinmarket.com/en/crypto-news/31795/voip-pioneer-startup-paying-users-interest-millions-crypto

All I know, the safest storage place is in your Bitcoin wallet. Bitcoin's principle, "The right to use Bitcoin, is fully used by holders". if you give your Bitocin, then you give have all the rights to use Bitcoin to the company it and the results if you are negative you must accept it. so I think you have to think again with what you will do.
newbie
Activity: 36
Merit: 0
It is a good idea but you also should search whether it is a legit and trustworthy company or not.
sr. member
Activity: 826
Merit: 250
if I think it's safe and not it depends on how the person uses it, because if we are careless and not careful the day must be prone to loss
Yes, I really agree with you, it is safe not to depend on the company, but from ourselves, whether we can secure our own bitcoin, we do not need to be raided if we ourselves can and are safer
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