Is wallet from exchanger safe? - page 2.

mrcash02

hero member

Activity: 1190

Merit: 525

CryptoTalk.Org - Get Paid for every Post!

Quote from: LTU_btc on November 03, 2016, 04:57:01 PM

Quote from: mrcash02 on November 03, 2016, 04:15:01 PM

Quote from: rancidgash on November 03, 2016, 01:33:10 PM

Quote from: Legendaris on October 21, 2016, 08:54:40 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 be honest, there is no online wallet that is 100% safe. Coinbase, Xapo or blockchain always can be hacked.. sorry, but this is the true.. Every few month we can hear about that next exchange was hacked. Actually, there is not many exchanges that haven't been hacked yet..

So the only safe place for you coins is your cold wallet!

Any kind of wallet has some risk, if it's on virtual world it's under risk... Doesn't matter if it's stored online, on desktop, etc...

The best way to have full safe would be have physical wallet in own our hands.

But you can loose physical wallet or someone can steal it like phobe from pocket. None of the wallets can guarantee 100% safety.

But physical wallet safety would depend only of me. On virtual world there are many things and persons involved (hackers, computer durability, scammers...)

I can let it quietly on my drawer, on a safe box without worries. But I agree with you, none of the storage methods are 100% safe. Physical wallet can be 99%.

HateNATO

member

Activity: 92

Merit: 10

It is not really save so it is better for you to bettter save your money into real bitcoin wallet instead of putting money in exhcange wallet.

LTU_btc

legendary

Activity: 3262

Merit: 1376

Slava Ukraini!

Quote from: mrcash02 on November 03, 2016, 04:15:01 PM

Quote from: rancidgash on November 03, 2016, 01:33:10 PM

Quote from: Legendaris on October 21, 2016, 08:54:40 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 be honest, there is no online wallet that is 100% safe. Coinbase, Xapo or blockchain always can be hacked.. sorry, but this is the true.. Every few month we can hear about that next exchange was hacked. Actually, there is not many exchanges that haven't been hacked yet..

So the only safe place for you coins is your cold wallet!

Any kind of wallet has some risk, if it's on virtual world it's under risk... Doesn't matter if it's stored online, on desktop, etc...

The best way to have full safe would be have physical wallet in own our hands.

But you can loose physical wallet or someone can steal it like phobe from pocket. None of the wallets can guarantee 100% safety.

mrcash02

hero member

Activity: 1190

Merit: 525

CryptoTalk.Org - Get Paid for every Post!

Quote from: rancidgash on November 03, 2016, 01:33:10 PM

Quote from: Legendaris on October 21, 2016, 08:54:40 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 be honest, there is no online wallet that is 100% safe. Coinbase, Xapo or blockchain always can be hacked.. sorry, but this is the true.. Every few month we can hear about that next exchange was hacked. Actually, there is not many exchanges that haven't been hacked yet..

So the only safe place for you coins is your cold wallet!

Any kind of wallet has some risk, if it's on virtual world it's under risk... Doesn't matter if it's stored online, on desktop, etc...

The best way to have full safe would be have physical wallet in own our hands.

rancidgash

hero member

Activity: 735

Merit: 500

Quote from: Legendaris on October 21, 2016, 08:54:40 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 be honest, there is no online wallet that is 100% safe. Coinbase, Xapo or blockchain always can be hacked.. sorry, but this is the true.. Every few month we can hear about that next exchange was hacked. Actually, there is not many exchanges that haven't been hacked yet..

So the only safe place for you coins is your cold wallet!

StarofBTC

hero member

Activity: 1148

Merit: 528

Quote from: isen on November 03, 2016, 08:11:06 AM

the danger of getting hacked is always there.

This must be the biggest problem with all online providers. We need to have the practice of withdrawing from time to time all unused funds from any online wallet/exchange. We must keep our ball within our court else regretting will be inevitable. People are preferring to use bitcoin in the way of how Paypal is doing, but not secure and will fade away the real purpose of adopting bitcoins.

saiha

hero member

Activity: 840

Merit: 501

Strength in Numbers

Quote from: isen on November 03, 2016, 08:11:06 AM

They are the same, but you shouldn't trust any of them, even if we agree that big sites like poloniex or coinbase are honest and their owners don't intent to run away with the funds the danger of gettimg hacked is always there.
Any hard/paper/desktop wallet is safer than them,all you need to do is to follow some basic rules and keep your private keys well hidden.

You are forgetting to mention blockchain, this is what the bitcoin technology depending to with the so called blockchain technology.

Quote from: mrcash02 on November 02, 2016, 06:45:57 PM

Quote from: saiha on November 01, 2016, 10:14:44 PM

Quote from: apoorvlathey on October 31, 2016, 04:45:17 AM

I only use exchanger's wallet to store altcoins which i get from avatar campaigns,etc. I find it easier to use a wallet of new currency instead of installing the same on my pc. So far i have no problem with using yobit's wallet.

Depending on how you are going to trust an exchangers security then just save there at your own risk. Because out of the bitfinex incident, for sure many are doubtful on this.

But with me, I am using and storing my bitcoins with a local exchanger, because offline wallets are much more risky for me.

Because here in my place a lot of robbers will put interest to the things that they just see new in their eyes, even my relatives.

Wow, even your relatives?

Many people don't trust the exchange wallets because in the past some of those exchanges closed or were hacked and traders, investors lost their money. The exchange owners aren't very very trusted and unexpected things happen. So better to don't risk our money on it using an exchange as wallet.

Yes that's true, because I have tested them for so many times that I am able to leave my physical wallet to our table, not knowing that it is just my bait.

After a couple of minutes, my physical wallet gone when some of my relatives came into our house and asking us if we have food.

So after giving them food, they took my wallet also.

isen

sr. member

Activity: 854

Merit: 250

They are the same, but you shouldn't trust any of them, even if we agree that big sites like poloniex or coinbase are honest and their owners don't intend to run away with the funds the danger of getting hacked is always there.
Any hard/paper/desktop wallet is safer than them,all you need to do is to follow some basic rules and keep your private keys well hidden.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: Yuuto on November 02, 2016, 12:39:15 AM

It might seem convenient to just keep your money on an exchange wallet but seriously there are a lot of exchanges that claim that they got hacked and actually plan to do a runner sometime.

Just hold your bitcoin in a private key that you control... It's not that difficult.

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.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: BitMaxz on November 02, 2016, 06:54:26 PM

Quote from: mrcash02 on November 02, 2016, 06:45:57 PM

Quote from: saiha on November 01, 2016, 10:14:44 PM

Quote from: apoorvlathey on October 31, 2016, 04:45:17 AM

I only use exchanger's wallet to store altcoins which i get from avatar campaigns,etc. I find it easier to use a wallet of new currency instead of installing the same on my pc. So far i have no problem with using yobit's wallet.

Depending on how you are going to trust an exchangers security then just save there at your own risk. Because out of the bitfinex incident, for sure many are doubtful on this.

But with me, I am using and storing my bitcoins with a local exchanger, because offline wallets are much more risky for me.

Because here in my place a lot of robbers will put interest to the things that they just see new in their eyes, even my relatives.

Wow, even your relatives?

Many people don't trust the exchange wallets because in the past some of those exchanges closed or were hacked and traders, investors lost their money. The exchange owners aren't very very trusted and unexpected things happen. So better to don't risk our money on it using an exchange as wallet.

There is other alternative if he is a sailor and he can bring even smart phone he can use electrum apps it is safe than online or exchange site.. just make sure that you are always backuping private keys and seeds for future purposes if you phone is gone you can be still install your wallet to other wallet to recover your bitcoins..

it all comes down to how you are going to use those coins.

for many users around here, their earnings will go to a wallet and stay there for a long time and acts as a long term investment for instance. in this case a paper wallet or a cold storage in general is the solution.

but many others want to use their earnings, for example they trade daily with that amount or some gamble with it and waste it. for these cases you should go for a more hands on wallet like a mobile wallet or at least a web wallet but never an exchange for keeping coins.

BitMaxz

legendary

Activity: 3472

Merit: 3217

Playbet.io - Crypto Casino and Sportsbook

Quote from: mrcash02 on November 02, 2016, 06:45:57 PM

Quote from: saiha on November 01, 2016, 10:14:44 PM

Quote from: apoorvlathey on October 31, 2016, 04:45:17 AM

I only use exchanger's wallet to store altcoins which i get from avatar campaigns,etc. I find it easier to use a wallet of new currency instead of installing the same on my pc. So far i have no problem with using yobit's wallet.

Depending on how you are going to trust an exchangers security then just save there at your own risk. Because out of the bitfinex incident, for sure many are doubtful on this.

But with me, I am using and storing my bitcoins with a local exchanger, because offline wallets are much more risky for me.

Because here in my place a lot of robbers will put interest to the things that they just see new in their eyes, even my relatives.

Wow, even your relatives?

Many people don't trust the exchange wallets because in the past some of those exchanges closed or were hacked and traders, investors lost their money. The exchange owners aren't very very trusted and unexpected things happen. So better to don't risk our money on it using an exchange as wallet.

There is other alternative if he is a sailor and he can bring even smart phone he can use electrum apps it is safe than online or exchange site.. just make sure that you are always backuping private keys and seeds for future purposes if you phone is gone you can be still install your wallet to other wallet to recover your bitcoins..

mrcash02

hero member

Activity: 1190

Merit: 525

CryptoTalk.Org - Get Paid for every Post!

Quote from: saiha on November 01, 2016, 10:14:44 PM

Quote from: apoorvlathey on October 31, 2016, 04:45:17 AM

I only use exchanger's wallet to store altcoins which i get from avatar campaigns,etc. I find it easier to use a wallet of new currency instead of installing the same on my pc. So far i have no problem with using yobit's wallet.

Depending on how you are going to trust an exchangers security then just save there at your own risk. Because out of the bitfinex incident, for sure many are doubtful on this.

But with me, I am using and storing my bitcoins with a local exchanger, because offline wallets are much more risky for me.

Because here in my place a lot of robbers will put interest to the things that they just see new in their eyes, even my relatives.

Wow, even your relatives?

Many people don't trust the exchange wallets because in the past some of those exchanges closed or were hacked and traders, investors lost their money. The exchange owners aren't very very trusted and unexpected things happen. So better to don't risk our money on it using an exchange as wallet.

Yuuto

hero member

Activity: 644

Merit: 501

It might seem convenient to just keep your money on an exchange wallet but seriously there are a lot of exchanges that claim that they got hacked and actually plan to do a runner sometime.

Just hold your bitcoin in a private key that you control... It's not that difficult.

saiha

hero member

Activity: 840

Merit: 501

Strength in Numbers

Quote from: apoorvlathey on October 31, 2016, 04:45:17 AM

I only use exchanger's wallet to store altcoins which i get from avatar campaigns,etc. I find it easier to use a wallet of new currency instead of installing the same on my pc. So far i have no problem with using yobit's wallet.

Depending on how you are going to trust an exchangers security then just save there at your own risk. Because out of the bitfinex incident, for sure many are doubtful on this.

But with me, I am using and storing my bitcoins with a local exchanger, because offline wallets are much more risky for me.

Because here in my place a lot of robbers will put interest to the things that they just see new in their eyes, even my relatives.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: Legendaris on October 21, 2016, 08:54:40 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?

As other members said here as long you dont have access on your private keys your bitcoins is not really safe being left behind on exchange wallets because the risk of lossing it is there and you heard about exchange being hacked then you cant do nothing with it if it happens and your bitcoin is totally lost. Better to transfer it into a hardware wallet if you are a sailor because its somehow safe rather than keeping it on exchange wallets.

apoorvlathey

hero member

Activity: 1162

Merit: 547

CryptoTalk.Org - Get Paid for every Post!

I only use exchanger's wallet to store altcoins which i get from avatar campaigns,etc. I find it easier to use a wallet of new currency instead of installing the same on my pc. So far i have no problem with using yobit's wallet.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

i think wallet from exchanger is safe because i see in out there, many exchanger giving safer to their member, and only small exchanger will not doing this. and this is out from what happen with bitfinex which get hacked.

mrcash02

hero member

Activity: 1190

Merit: 525

CryptoTalk.Org - Get Paid for every Post!

Quote from: erikalui on October 26, 2016, 04:53:18 AM

Never use any exchanger wallet to store your coins as anytime these sites can be hacked (as they are vulnerable to attacks) and you can lose all your coins. I wouldn't say that online wallets are safe but I prefer them compared to exchange website wallets due to any bad incidents in the past. I use unocoin but don't save my money there for more than a day.

Quote from: Herbert2020 on October 26, 2016, 12:35:50 AM

Quote from: Legendaris on October 21, 2016, 08:54:40 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?

people already explained to you about risks of using online web wallets as your storage especially in exchanges which can go down.

but from what i read, it seems like you are not using your bitcoins for long periods of time, in that case you should use a cold storage like paper wallet instead. you keep it in a safe place and only receive payments in.

Paper wallets too cannot be secure as when people tend to forget their password and lose their private keys, they can lose those wallets too. Physical wallets can be the best option but only if you have a good amount of bitcoins to store.

Would be nice to have a physical wallet, but I think it doesn't exist yet. It would be the safest method to store our BTCs. On virtual world there are threats everywhere and everytime, and I believe some people stay inhibited to use large amounts of BTCs because of it.

GregH37

legendary

Activity: 1302

Merit: 1037

Quote from: garmerys on October 30, 2016, 12:46:26 PM

Quote from: The_prodigy on October 24, 2016, 09:26:18 PM

Quote from: Legendaris on October 21, 2016, 08:54:40 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 only trust some exchange site's but most off all i only truely trust 1 bitcoin wallet website that based on my country and it is very safe to let your bitcoin to save there and hold not like other websites that if the website got hacked then they can't really back the funds but in my wallet there are policy that i think there going back your amount.

Yes, you should just trust only few that have good reputation and high trust score like coinbase, blockchain and blockio and so on but any new or untrusted one shoud never be used for storing your bitcoin else you may loose over the night.

But, I like to suggest here do not trust anyone. That is the reason we are having bitcoin. Trusting others for bitcoin storage, must be a breach of bitcoin's core concept of trustless system.
Having very low amount in exchange or in web wallet is always highly recommended. Standalone desktop wallets are best always.

garmerys

full member

Activity: 216

Merit: 100

Quote from: The_prodigy on October 24, 2016, 09:26:18 PM

Quote from: Legendaris on October 21, 2016, 08:54:40 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 only trust some exchange site's but most off all i only truely trust 1 bitcoin wallet website that based on my country and it is very safe to let your bitcoin to save there and hold not like other websites that if the website got hacked then they can't really back the funds but in my wallet there are policy that i think there going back your amount.

Yes, you should just trust only few that have good reputation and high trust score like coinbase, blockchain and blockio and so on but any new or untrusted one shoud never be used for storing your bitcoin else you may loose over the night.

Topic: Is wallet from exchanger safe? - page 2. (Read 1997 times)