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Topic: Is it safe to store Bitcoin in such a company? - page 2. (Read 259 times)

copper member
Activity: 482
Merit: 1
the simple truth is that there is no safety in what you can control. freedom , privacy is key in investment and today's world. this is why people love and want cryptocurrency to takeover. anything other than this cant be trusted because the power dosen't belong to , it belongs to the house, and there decision is always the final whether its good for you or not.  
legendary
Activity: 3542
Merit: 1352
Cashback 15%
It's a big no. If you want to get some kind of interest on your money, do it on banks which cannot run with your money since they are engulfed within regulations and laws. The dude advertising it is clearly running a ponzi scheme since there are no definite ways on how would he generate profits and interests for any deposit. Just keep your money and look for ways to invest it legitimately rather than handing it over to a relatively unknown company with false promises of profits.
jr. member
Activity: 243
Merit: 2
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.
sr. member
Activity: 594
Merit: 250
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

Bitcoin was form in decentralized system, I don't see any reason to store bitcoin in the company which you are talking about. Because, any company  are being categorized in regulated business aspects, which means it is obvious engaged in centralized system. Otherwise, if you insist to store it in such a company it will be not safe at all.
member
Activity: 1120
Merit: 30
Bisq Market Day - March 20th 2023
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
In situation like this, i advice you use your discretion as not to be a prey in the hand of the hunter. To be greedy is to a victim in situation like this, so, never attempt to be greedy as a word is enough for the wise; mate.
jr. member
Activity: 308
Merit: 8
Safety of your wallet is the safety of your fund. This is the key to safe keeping of your money in cryptocurrency trading. The site will claim every thing on earth about the safety of your fund if you will deposit your bitcoin with them. But one thing that you do not know is if actually what they claimed is true concerning the security of their site. Once they are hacked all funds are gone and will never be recovered and there is no guarantee from them insuring your deposit. so  be wise and safe keep your wallet.
jr. member
Activity: 98
Merit: 2
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
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
While the company looks like it's actually a legit registered company(not sure, haven't done research), just like leaving funds on exchanges, I'm pretty sure your coins could still be possibly stolen. If you want to risk it, then go ahead. Though i'm personally not a fan of such sites as these kinds of services has always been quite sketchy for me regardless of the company running it.
legendary
Activity: 1568
Merit: 1031
It doesn't matter who is running the website and how rich he is and what are the possibilities of having an exit scam. It's very simple, If you control your private keys at all time, you're safe otherwise you're not.
sr. member
Activity: 532
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
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
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