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Topic: Is wallet from exchanger safe? - page 3. (Read 1997 times)

legendary
Activity: 2632
Merit: 1094
October 26, 2016, 04:53:18 AM
#29
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.

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.
legendary
Activity: 1946
Merit: 1137
October 26, 2016, 12:35:50 AM
#28
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.
hero member
Activity: 840
Merit: 501
Strength in Numbers
October 25, 2016, 11:11:05 PM
#27
I will not recommend exchange wallet for long term saving of your bitcoins but if you want to trade with them then you can keep your bitcoins in that wallets and when you feel that you have some extra bitcoins on that wallets then try to withdraw them to your desktop wallet.

With my experience I had been storing my bitcoins to my exchanger and I haven't any issues with them. And that is because I'm making them as my personal bank.

But still I know the risk that I can get when something happened that's why I am just trusting them that they will not collapsed.

It is just like store your bitcoins at your own risk with exchange sites.
hero member
Activity: 924
Merit: 500
October 24, 2016, 09:26:18 PM
#26
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.
hero member
Activity: 1568
Merit: 544
October 24, 2016, 05:49:09 PM
#25
If you dont own the prived keys it is not yours. cant stated enough.
hero member
Activity: 826
Merit: 502
October 24, 2016, 05:44:31 PM
#24
I will not recommend exchange wallet for long term saving of your bitcoins but if you want to trade with them then you can keep your bitcoins in that wallets and when you feel that you have some extra bitcoins on that wallets then try to withdraw them to your desktop wallet.
sr. member
Activity: 364
Merit: 254
CryptoTalk.Org - Get Paid for every Post!
October 24, 2016, 01:31:06 PM
#23
I don't think you can consider any exchange to be completely safe. I have used coinbase, yobit, poloniex, and btc-e with no problem. But I used cryptsy and they stole my money. It's hard to know if they are trustworthy.
newbie
Activity: 27
Merit: 0
October 23, 2016, 12:50:45 PM
#22
all wallet this big exchanger is safe
but this you high is frequent to transaction is very bad is use wallet exchanger
because every send your must coinfirmation, so this proces is long time
legendary
Activity: 910
Merit: 1000
October 23, 2016, 11:25:20 AM
#21
Wallet from an exchange it is never safe. They are used for convenience purposes and if you do trading a lot there, however they are far from secure. I recommend you using a desktop or hardware wallet instead.

If you are an avid trader and cannot do without trading then use 2 wallets, 1 the one of the exchange where you trade and another desktop wallet like Electrum for example.

Once you finish your trading session withdraw your coins to the electrum wallet and keep only the amount for trading in the exchange. This can minimize your risks quite a lot.
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
October 23, 2016, 11:19:55 AM
#20
I trust only sites which allow you to export your private keys and are preferably open source project - only blockchain.info meets both criteria but it is not an exchange.
Other than than you should treat wallet linked to an exchange with grain of salt. As history shows - exchanges are primary target for hackers.


hero member
Activity: 1638
Merit: 576
Leading Crypto Sports Betting & Casino Platform
October 23, 2016, 09:59:42 AM
#19
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 trust some of exchanger site's like blockchain and off course our based wallet that really based on my country and so far so good i don't see any problem or encounter any problem using it and it's really fast and good services reponse . And So far i don't encounter any problem on that webste you mentioned for me it's really not safe if you are going to hold your coins into third party exchanger it's more dangerous.
hero member
Activity: 658
Merit: 505
October 23, 2016, 08:31:27 AM
#18
All exchangers have their safety policies and.measures to protect their clients but I wouldn't suggest that you keep larger amount of coins in the exchanger wallets. They are often victims of different hackers so your funds might be in danger.
hero member
Activity: 826
Merit: 523
October 22, 2016, 04:13:11 PM
#17
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?
Sometimes we are forced to keep our Bitcoin or other altcoins in exchanges wallet to avoid paying too much money as fees, it isn't logical to send Bitcoin to exchange wallet in every time we want to trade, I am worried because some exchanges have been hacked before, thus it is risky to keep money there but as I said before we are forced to do that.
legendary
Activity: 1540
Merit: 1003
October 22, 2016, 12:19:32 PM
#16
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?

Not at all, mostly the exchanges' wallets are not safe because they do not provide you the provide key to be able to do "everything".

Earlier I had funds mostly on all exchanges you mentioned and the amount wasn't low but I risked because I was highly active on trading, but one time I decided to withdraw because It's not safe and it's safer on my own (hardware) wallet.
hero member
Activity: 907
Merit: 500
October 22, 2016, 11:49:37 AM
#15
For me the wallets of exchanges are the same as online web wallets so you will have to keep in mind the same precautions which you keep in mind for web wallets. I also use some exchange wallets for some smallest amount for any trade but I do not trust on new unknown exchanges which will not have much trus from the community.
hero member
Activity: 1204
Merit: 539
October 21, 2016, 11:35:41 PM
#14

Is exchanger wallets safe?

I can say Is wallet exchnages is safe too I just want to tell my experience i ever to use wallet exchanges when I gone a few mounth to work outside the city and I keep my balance on the exchange without check it out.but in this case I using poloniex for that..
hero member
Activity: 882
Merit: 500
October 21, 2016, 10:05:42 PM
#13
in my opinion there is no risk of store you btc at exchange site .
because my some friends are using exchange wallet from long time and faced no problem .
so it is safe .
but if any ddos attacks take place at these exchange sites than there is risk of btc to loss .
hero member
Activity: 756
Merit: 503
Crypto.games
October 21, 2016, 09:36:14 PM
#12
No problems with exchange wallets, yet.(haven't encountered any) Doesn't mean there couldn't be one in the future. You're basically giving them your coins to keep, they give you 'credit' and promises to exchange it to bitcoin when/if you want to withdraw. Much like banks, except without all the other security and insurance.
Exchange could be hacked,they either run or forcefully deduct a percent of your funds then promise to pay in future,control how much and when you can withdraw.
Etcetera etcetera.

Anyway, it's ok to use for small amounts only and for brief periods of time. You should store majority of your coins on a desktop wallet.
full member
Activity: 336
Merit: 100
October 21, 2016, 08:40:13 PM
#11
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?
we can't say clearly that it is safe because we know that exchange sites are not having Risk of money they only provide a way of exchange between all coins .
so exchange wallet are safe but the recent exampl of poloniex may be cause some fear in our mind.
sr. member
Activity: 420
Merit: 250
October 21, 2016, 08:32:11 PM
#10
Any web wallet or exchange can be hacked, so it's not 100%
Look the past and you will se cases like that.

Just hold your bitcoins in your wallet... Exchange isn't wallet!
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