Is wallet from exchanger safe? - page 3.

erikalui

legendary

Activity: 2632

Merit: 1094

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, 01:35:50 AM

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?

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.

Herbert2020

legendary

Activity: 1946

Merit: 1137

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?

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.

saiha

hero member

Activity: 840

Merit: 501

Strength in Numbers

Quote from: Superways on October 24, 2016, 06:44:31 PM

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.

The_prodigy

hero member

Activity: 924

Merit: 500

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 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.

klaaas

hero member

Activity: 1568

Merit: 544

If you dont own the prived keys it is not yours. cant stated enough.

Superways

hero member

Activity: 826

Merit: 502

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.

outatime1

sr. member

Activity: 364

Merit: 254

CryptoTalk.Org - Get Paid for every Post!

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.

BitcoinReference

newbie

Activity: 27

Merit: 0

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

Cereberus

legendary

Activity: 910

Merit: 1000

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.

Hazir

legendary

Activity: 1596

Merit: 1005

★Nitrogensports.eu★

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.

Docnaster

hero member

Activity: 1638

Merit: 576

Leading Crypto Sports Betting & Casino Platform

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 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.

BingoDog

hero member

Activity: 658

Merit: 505

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.

Robertqueen2

hero member

Activity: 826

Merit: 523

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?

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.

ivanst776

legendary

Activity: 1540

Merit: 1003

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?

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.

mobilestrike

hero member

Activity: 907

Merit: 500

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.

mia_houston

hero member

Activity: 1204

Merit: 539

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

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..

coynedterm

hero member

Activity: 882

Merit: 500

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 .

neochiny

hero member

Activity: 756

Merit: 503

Crypto.games

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.

JITENDERPAR3

full member

Activity: 336

Merit: 100

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?

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.

arransiv

sr. member

Activity: 420

Merit: 250

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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