Is wallet from exchanger safe? | Bitcointalksearch.org

sunsilk

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Quote from: Vaoric on November 30, 2016, 03:05:20 PM

Its not very safe but is doable if you are not storing large amounts on it, exchange wallets are not safe but for a small time period it can be okay and it would not be bad.
In the most cases you should just transfer it as fast as possible.

For sure many of us are a bit cautious already for the past incidents with some 'trusted' exchange sites that has been hacked.

We may not know if they are really hacked or some other inside job happened. But still, if you want to trust exchange sites.

Trust at your own risk as many are saying here and we all warned them that it is a very risky thing to do.

Vaoric

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Its not very safe but is doable if you are not storing large amounts on it, exchange wallets are not safe but for a small time period it can be okay and it would not be bad.
In the most cases you should just transfer it as fast as possible.

boyptc

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Quote from: Yuuto on November 24, 2016, 02:24:32 AM

Quote from: boyptc on November 23, 2016, 11:41:27 PM

Quote from: President79 on November 23, 2016, 10:22:05 PM

Quote from: Legendaris on October 21, 2016, 09:54:40 AM

Besides xapo, coinbase and blockchain, I also use wallet from exchanger like from yobit, poloniex and bittrex. Sometimes I can't online for longtime because my career is sailor.

Is exchanger wallets safe?

I think all online wallet is very risk to save bitcoin moreover big balance. We must learn about the news that happen with exchanger that hacked and all balance from users are loss. You can't online for longtime, I recommend to save to offline wallet like electrum.

Yes all of the exchangers are very risky and it depends on how their security are being built. But if you are wise enough and will upon for the past hacking incidents then you may change your belief that wallet exchangers are not even safe enough. Its fine if you will just save some of it that you can afford to lose whatever will happen. But still too good to be safe because every bit counts.

What's the point of keeping your coins in an exchanger anyways? Just get a desktop client and you'd be good. Or just use blockchain.info if you are using bitcoin or use any of its altcoin counterparts like dogechain.info. At least you have control over your own private keys.

I just don't get why people would risk such little convenience to losing their entire funds... I really don't.

The point is you are trusting them and their reputation has been built for a lot of times and they have strong security. For sure there are some bitcoin people who are just letting their bitcoins sleep with an exchanger wallet. Yes, blockchain is a good way to store your bitcoins online just simply choose it rather than with exchange sites. Maybe they are lazy enough and doesn't have ample time to transfer their funds.

TGD

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Quote from: Legendaris on October 21, 2016, 09:54:40 AM

Besides xapo, coinbase and blockchain, I also use wallet from exchanger like from yobit, poloniex and bittrex. Sometimes I can't online for longtime because my career is sailor.

Is exchanger wallets safe?

You can use exchanger wallet for trading purposes only. But putting all your BTC in exchange is not really safe. I donot say it will be hacked but there a chance it will. so need to be careful with your money . I also have btc in exchange i use it for trading to buy other coin.

Yuuto

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Quote from: boyptc on November 23, 2016, 11:41:27 PM

Quote from: President79 on November 23, 2016, 10:22:05 PM

Quote from: Legendaris on October 21, 2016, 09:54:40 AM

Besides xapo, coinbase and blockchain, I also use wallet from exchanger like from yobit, poloniex and bittrex. Sometimes I can't online for longtime because my career is sailor.

Is exchanger wallets safe?

I think all online wallet is very risk to save bitcoin moreover big balance. We must learn about the news that happen with exchanger that hacked and all balance from users are loss. You can't online for longtime, I recommend to save to offline wallet like electrum.

Yes all of the exchangers are very risky and it depends on how their security are being built. But if you are wise enough and will upon for the past hacking incidents then you may change your belief that wallet exchangers are not even safe enough. Its fine if you will just save some of it that you can afford to lose whatever will happen. But still too good to be safe because every bit counts.

What's the point of keeping your coins in an exchanger anyways? Just get a desktop client and you'd be good. Or just use blockchain.info if you are using bitcoin or use any of its altcoin counterparts like dogechain.info. At least you have control over your own private keys.

I just don't get why people would risk such little convenience to losing their entire funds... I really don't.

boyptc

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Quote from: President79 on November 23, 2016, 10:22:05 PM

Quote from: Legendaris on October 21, 2016, 09:54:40 AM

Besides xapo, coinbase and blockchain, I also use wallet from exchanger like from yobit, poloniex and bittrex. Sometimes I can't online for longtime because my career is sailor.

Is exchanger wallets safe?

I think all online wallet is very risk to save bitcoin moreover big balance. We must learn about the news that happen with exchanger that hacked and all balance from users are loss. You can't online for longtime, I recommend to save to offline wallet like electrum.

Yes all of the exchangers are very risky and it depends on how their security are being built. But if you are wise enough and will upon for the past hacking incidents then you may change your belief that wallet exchangers are not even safe enough. Its fine if you will just save some of it that you can afford to lose whatever will happen. But still too good to be safe because every bit counts.

President79

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Quote from: Legendaris on October 21, 2016, 09:54:40 AM

Besides xapo, coinbase and blockchain, I also use wallet from exchanger like from yobit, poloniex and bittrex. Sometimes I can't online for longtime because my career is sailor.

Is exchanger wallets safe?

I think all online wallet is very risk to save bitcoin moreover big balance. We must learn about the news that happen with exchanger that hacked and all balance from users are loss. You can't online for longtime, I recommend to save to offline wallet like electrum.

PhilPrime

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Quote from: Legendaris on October 21, 2016, 09:54:40 AM

Besides xapo, coinbase and blockchain, I also use wallet from exchanger like from yobit, poloniex and bittrex. Sometimes I can't online for longtime because my career is sailor.

Is exchanger wallets safe?

To make it sure dont stock there for too long transfer it as soon as possible in your blockchain account . Blockchain its more safer .

Bitcoin0916

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Quote from: passivebesiege on November 21, 2016, 10:47:18 PM

Quote from: Legendaris on October 21, 2016, 09:54:40 AM

Besides xapo, coinbase and blockchain, I also use wallet from exchanger like from yobit, poloniex and bittrex. Sometimes I can't online for longtime because my career is sailor.

Is exchanger wallets safe?

No the exchange is not safe to keep your coin. like other online wallet there is a chance that it will close and being hacked if it happens it will be big lost on your side. Remember what happen to bitfinex.

Yes I agree, I ever save my bitcoin to bitfinex and after hacked I loss all my bitcoin, exchanger wallet is not safe to save our bitcoin and let's use for exchanger anf trading only don't save for long time. Xapo or coinbase is very recommended to save our bitcoin.

rancidgash

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Quote from: kxp on November 20, 2016, 11:16:54 AM

Wondering what is the point of using some shady wallet while you have blockchain.info?
Yes everything has its pros and cons, but they are not likely to steal your btc or be ghosted one day.

And there are only few trustworthy exchanges out there.

I recently had problems with blockchain.info. In my opinion the most friendly online wallet/exchange is Coinbase. They have a very simple interface, and from what I know very good security.

passivebesiege

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Quote from: Legendaris on October 21, 2016, 09:54:40 AM

Besides xapo, coinbase and blockchain, I also use wallet from exchanger like from yobit, poloniex and bittrex. Sometimes I can't online for longtime because my career is sailor.

Is exchanger wallets safe?

No the exchange is not safe to keep your coin. like other online wallet there is a chance that it will close and being hacked if it happens it will be big lost on your side. Remember what happen to bitfinex.

kxp

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Wondering what is the point of using some shady wallet while you have blockchain.info?
Yes everything has its pros and cons, but they are not likely to steal your btc or be ghosted one day.

And there are only few trustworthy exchanges out there.

carlfebz2

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Quote from: Zadicar on November 11, 2016, 05:14:09 AM

If you are sailor and dont have too much time to go online then its better to store up your bitcoin on a hardware wallet and bring it wherever you are rather than putting and leaving it on an exchange wallet because the risk of lossing it is still there. As we all know that exchanges could possibly be hacked without our awareness which our bitcoins is at risk for sure.

This would be the best advice for me because if you don't have enough time to watch on your bitcoin on an exchange wallet then your suggestion would be the best on storing it on a hardware wallet because you can keep it on a safe place and no one can steal it from you as long you have the your hardware wallet and its keys its much safer.

Zadicar

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If you are sailor and dont have too much time to go online then its better to store up your bitcoin on a hardware wallet and bring it wherever you are rather than putting and leaving it on an exchange wallet because the risk of lossing it is still there. As we all know that exchanges could possibly be hacked without our awareness which our bitcoins is at risk for sure.

Bitcoin0916

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Quote from: StevensonCarl on November 09, 2016, 09:38:09 PM

Its not super safe and because of that you should also not store a large amount on it due to the fact its risky, you cannot even trust the exchange website these days so I think that is already saying enough.

Yes, exchanger wallets is unsafe for save our bitcoin for long time. The best way for save our bitcoin is save in more than 2 wallets, we can use offline, online and android wallets. Use exchanger wallet for trading only and never save for long time.

StevensonCarl

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Its not super safe and because of that you should also not store a large amount on it due to the fact its risky, you cannot even trust the exchange website these days so I think that is already saying enough.

JANGKRIK BOSS

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Quote from: Caladonian on November 08, 2016, 11:23:23 PM

Quote from: JANGKRIK BOSS on November 08, 2016, 09:48:10 PM

The big problems from wallet developer is secure. I think too many hacker will find the weakness of secure system from wallet developer. For best save our bitcoin I never recommended to use online wallet or exchanger wallet. Save your bitcoin in the best wallet and this is offline wallet. Use online wallet or exchanger wallet for only transactions regulary.

that's the safer way to assure your self that your btc is completely secure just let your transaction be done everytime you made the trade or if you need to exchange your btc to your local money same thing with me regarding to exchange wallet any moment hackers can get into it and our btc will be robbed.

For me and other users, bitcoin is primary asset after legal money that issued from government central bank. The best to make bitcoin safe is give the full protect from hacker. The best recommendations for storing bitcoin is save to offline wallet. If you always use online wallet, we must activate 2FA.

Caladonian

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Quote from: JANGKRIK BOSS on November 08, 2016, 09:48:10 PM

The big problems from wallet developer is secure. I think too many hacker will find the weakness of secure system from wallet developer. For best save our bitcoin I never recommended to use online wallet or exchanger wallet. Save your bitcoin in the best wallet and this is offline wallet. Use online wallet or exchanger wallet for only transactions regulary.

that's the safer way to assure your self that your btc is completely secure just let your transaction be done everytime you made the trade or if you need to exchange your btc to your local money same thing with me regarding to exchange wallet any moment hackers can get into it and our btc will be robbed.

JANGKRIK BOSS

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The big problems from wallet developer is secure. I think too many hacker will find the weakness of secure system from wallet developer. For best save our bitcoin I never recommended to use online wallet or exchanger wallet. Save your bitcoin in the best wallet and this is offline wallet. Use online wallet or exchanger wallet for only transactions regulary.

Dassi

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Quote from: jossiel on November 03, 2016, 06:22:04 AM

I know that some incident of claiming to be that they were hacked but in reality they just run away with their customers bitcoin.

So we can't remove the way of thinking that our bitcoins with the exchanger are a bit unsafe but still they are helpful to all of us.

Maybe just choose some reputable wallet provider like blockchain.

It does not look like Bitfinex ran away with people's money, they are in the middle of an FBI lawsuit now.

Topic: Is wallet from exchanger safe? (Read 1847 times)