There are always some level of risk to leave your coins on exchanges. There have been several instances where big exchanges ave been hacked and millions of dollars have been stolen. What if same happens to binance??
Get your coins into your personal wallet and with that it is far safer that way.
Topic: Just bought some crypto - page 3. (Read 9686 times)
Well if your coin are in the binance Ledger it OK at list you can use it to trade with other tokens and coins on binance and as one of the top exchange in the cryptocurrency market you are sure of the security of your coins. You are welcome back after your long break due to marriage, stick around and continue learning.
Hello Everyone,
I’m a female in my 30’s and when I first heard about bitcoin from Max Keiser on RT in 2009 instead of trying to figure out how to mine the bitcoin, I listened to his advice about gold and bought some coins.
Biggest mistake ever lol!
For the next 9 years I focused on my career and got married. Now I’m divorced and started picking up interests that I had before I was with my awful ex husband. Which include bitcoin. It’s come a long way since 2009.
I feel like this community will give me something bigger to be a part of and I sure hope that cryptocurrency will be around for a long time and I can prove warren buffet wrong!
Here’s my question, my coins are currently on binance. How important is it to put them on the ledger?
I’m a female in my 30’s and when I first heard about bitcoin from Max Keiser on RT in 2009 instead of trying to figure out how to mine the bitcoin, I listened to his advice about gold and bought some coins.
Biggest mistake ever lol!
For the next 9 years I focused on my career and got married. Now I’m divorced and started picking up interests that I had before I was with my awful ex husband. Which include bitcoin. It’s come a long way since 2009.
I feel like this community will give me something bigger to be a part of and I sure hope that cryptocurrency will be around for a long time and I can prove warren buffet wrong!
Here’s my question, my coins are currently on binance. How important is it to put them on the ledger?
In my opinion, keeping a coin in a ledger is not safe, a year back there have been many cases of exchange hacking or similar platforms. And it could be a disaster for you if it's hacked, so it's better to use a personal wallet, it's safer and more secure.
I'm sorry to hear your story, hopefully cryptocurrency has a good impact on your life. Some coins are still not stable, unlike bitcoin this month it has increased by almost 5%. Hoping that altcoin can be like that.
Hello Everyone,
I’m a female in my 30’s and when I first heard about bitcoin from Max Keiser on RT in 2009 instead of trying to figure out how to mine the bitcoin, I listened to his advice about gold and bought some coins.
Biggest mistake ever lol!
For the next 9 years I focused on my career and got married. Now I’m divorced and started picking up interests that I had before I was with my awful ex husband. Which include bitcoin. It’s come a long way since 2009.
I feel like this community will give me something bigger to be a part of and I sure hope that cryptocurrency will be around for a long time and I can prove warren buffet wrong!
Here’s my question, my coins are currently on binance. How important is it to put them on the ledger?
I’m a female in my 30’s and when I first heard about bitcoin from Max Keiser on RT in 2009 instead of trying to figure out how to mine the bitcoin, I listened to his advice about gold and bought some coins.
Biggest mistake ever lol!
For the next 9 years I focused on my career and got married. Now I’m divorced and started picking up interests that I had before I was with my awful ex husband. Which include bitcoin. It’s come a long way since 2009.
I feel like this community will give me something bigger to be a part of and I sure hope that cryptocurrency will be around for a long time and I can prove warren buffet wrong!
Here’s my question, my coins are currently on binance. How important is it to put them on the ledger?
How much do you have on binance though? Because if you have like less than 1 full btc or just around that figure, you may just want to play with it and practice trading. If you just plan on investing on your btcs and holding them probably for a few years, then i guess the safest would be to get a hardware wallet. You won't have a hard time looking for suggestions as to what would be a good one. The coins you leave in binance should only be those that you want to keep on moving.
Here’s my question, my coins are currently on binance. How important is it to put them on the ledger?
. This is a wrong move as you don't have control over your fund should anything happens to the exchange. It okay to be trading with some fund on an exchange like Binance, but maintaining a healthy security lifestyle is key to at least securing your exchange trading fund to some degree. And avoid buying shitty coins, you may want to take off all your bitcoin from an exchange and keep it safe.Here is a little piece of advise: You should avoid buying ICO, IEO and stay securely in bitcoin and when you feel like diversifying your portfolio, don't buy shitty coins, bitcoin is always a better way to stay safe.
legendary
Activity: 2576
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Here’s my question, my coins are currently on binance. How important is it to put them on the ledger?
It depends on you.If your coins in Binance are for trading purposes then don't put it on a ledger but instead use them for trading.
Now if your coins in Binance are for the long term then put it on the ledger because by far, it is the safest wallet.
Well, you have the control of your money when it is on the ledger and you are the only one you can blame if your money disappears because it is on you. No exchanges or local wallets can control your crypto in your ledger. Anyway, I'm glad that you continue your journey here in crypto world hope that it will be your biggest break.
Hello Everyone,
I’m a female in my 30’s and when I first heard about bitcoin from Max Keiser on RT in 2009 instead of trying to figure out how to mine the bitcoin, I listened to his advice about gold and bought some coins.
Biggest mistake ever lol!
For the next 9 years I focused on my career and got married. Now I’m divorced and started picking up interests that I had before I was with my awful ex husband. Which include bitcoin. It’s come a long way since 2009.
I feel like this community will give me something bigger to be a part of and I sure hope that cryptocurrency will be around for a long time and I can prove warren buffet wrong!
Here’s my question, my coins are currently on binance. How important is it to put them on the ledger?
I’m a female in my 30’s and when I first heard about bitcoin from Max Keiser on RT in 2009 instead of trying to figure out how to mine the bitcoin, I listened to his advice about gold and bought some coins.
Biggest mistake ever lol!
For the next 9 years I focused on my career and got married. Now I’m divorced and started picking up interests that I had before I was with my awful ex husband. Which include bitcoin. It’s come a long way since 2009.
I feel like this community will give me something bigger to be a part of and I sure hope that cryptocurrency will be around for a long time and I can prove warren buffet wrong!
Here’s my question, my coins are currently on binance. How important is it to put them on the ledger?
Welcome to the crypto space! Bitcointalk is still the best resource for everything about the cryptoverse! I started my crypto journey here...
Get a Ledger or Trezor for long term storage. Only keep a handful in exchanges that you plan to immediately trade.
Earning crypto thru mining (PoW or PoS/masternodes), freelance work, bounties, airdrops, etc is still fun for me. I hope you enjoy your journey as well.
As for me it is important when buying cryptocurrency not to buy for the last money whether the money they took on credit. It is very dangerous. But experts say that the market starts to go up. Let's see what will happen next.
it is essential to transfer everything on ledger, not to leave more than strictly necessary on the exchanges, once the transactions that are needed on the exchange are done, put everything back on a wallet of which only you have the private keys...
Hello Everyone,
I’m a female in my 30’s and when I first heard about bitcoin from Max Keiser on RT in 2009 instead of trying to figure out how to mine the bitcoin, I listened to his advice about gold and bought some coins.
Biggest mistake ever lol!
For the next 9 years I focused on my career and got married. Now I’m divorced and started picking up interests that I had before I was with my awful ex husband. Which include bitcoin. It’s come a long way since 2009.
I feel like this community will give me something bigger to be a part of and I sure hope that cryptocurrency will be around for a long time and I can prove warren buffet wrong!
Here’s my question, my coins are currently on binance. How important is it to put them on the ledger?
I’m a female in my 30’s and when I first heard about bitcoin from Max Keiser on RT in 2009 instead of trying to figure out how to mine the bitcoin, I listened to his advice about gold and bought some coins.
Biggest mistake ever lol!
For the next 9 years I focused on my career and got married. Now I’m divorced and started picking up interests that I had before I was with my awful ex husband. Which include bitcoin. It’s come a long way since 2009.
I feel like this community will give me something bigger to be a part of and I sure hope that cryptocurrency will be around for a long time and I can prove warren buffet wrong!
Here’s my question, my coins are currently on binance. How important is it to put them on the ledger?
If you have small amount of them , you don't need to put it on ledger because binance is safe enough as long as you activated the 2FA as login.
But if you already have the ledger offline wallet, you can do it
VERY IMPORTANT, that's for sure. Unless you make sure they are stored in a secure wallet that ONLY you control, they will always be at some risk.
What happens if Binance gets hacked? Or runs away with everyone's coins? Or if the government shutdowns them? Answer: you lose your coins.
But that's not the only thing. You should always do your research to make sure you are doing everything fine. Which wallet to use, what measures to take to ensure that you'll be able to recover your coins regardless of what happens with your PC/device, etc... Bitcoin is still kinda hard and you need to know what you're doing.
If you are serious about Bitcoin and want to play around with some big money, I suggest you start by buying a hardware wallet. The best ones are:
1. https://www.ledger.com/
2. https://trezor.io/
What happens if Binance gets hacked? Or runs away with everyone's coins? Or if the government shutdowns them? Answer: you lose your coins.
But that's not the only thing. You should always do your research to make sure you are doing everything fine. Which wallet to use, what measures to take to ensure that you'll be able to recover your coins regardless of what happens with your PC/device, etc... Bitcoin is still kinda hard and you need to know what you're doing.
If you are serious about Bitcoin and want to play around with some big money, I suggest you start by buying a hardware wallet. The best ones are:
1. https://www.ledger.com/
2. https://trezor.io/
your idea is very good, we better keep coins in the hardware wallet because the hardware wallet is very safe compared to putting it on the market.
the hardware wallet cannot be hacked because it is not always connected to the internet network.
I myself have used the Ledge hardware wallet and the results are very satisfying because after I saved the coin into the hardware wallet my coin was safe and never hacked.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
That will be very important to moves all of your coins to your ledger because you don't know how safe they protect the site. But I believe that binance will protect and secure their site from the attacker, so you don't need to worry. But saving all of your coins will be good in the ledger because you don't have to worried if someday your coins will be steal by the hackers because your coins in the offline connection so they don't have access to your ledger.
Even though Binance is one of the most trusted exchanges you should never leave coins on any exchange unless you plan to do day trading. We have seen too many exchanges exit scam with customers coins already.
Well, based on previous historical results...
All good exchanges eventually get: Hacked, Lose funds, steal funds, dissapear with funds, Die with private keys to funds.... ect.
Lets just take a quick trip down memory lane -
We have
Mt.Gox = 800k BTC hacked, stole funds, KarpFace Krappella jail
Cryptsy = Hacked, stole funds, Big Bad Vern jail
BTC-e =
Whatever there issue was, anycase it's gone.
Quadriga = CEO dies with keys, $130Million in funds trapped for eternity
Cryptopia = Hacked
The list continues... But, the decision is all yours. Do what you want, nobody will hold your hand around here
All good exchanges eventually get: Hacked, Lose funds, steal funds, dissapear with funds, Die with private keys to funds.... ect.
Lets just take a quick trip down memory lane -
We have
Mt.Gox = 800k BTC hacked, stole funds, KarpFace Krappella jail
Cryptsy = Hacked, stole funds, Big Bad Vern jail
BTC-e =
Whatever there issue was, anycase it's gone.Quadriga = CEO dies with keys, $130Million in funds trapped for eternity
Cryptopia = Hacked
The list continues... But, the decision is all yours. Do what you want, nobody will hold your hand around here
Quote
Here’s my question, my coins are currently on binance. How important is it to put them on the ledger?
Binance is great exchange to trade .You need to clear us that do you wanna trade or hold your crypto to sell on high price .If you want to trade you can use Binance and the exchange will keep your fund security but if the exchange face any hacking you may lose your asset .So if you wanna hold your crypto use your own wallet and you can use ledger nano for more security. Hello Everyone,
I’m a female in my 30’s and when I first heard about bitcoin from Max Keiser on RT in 2009 instead of trying to figure out how to mine the bitcoin, I listened to his advice about gold and bought some coins.
Biggest mistake ever lol!
For the next 9 years I focused on my career and got married. Now I’m divorced and started picking up interests that I had before I was with my awful ex husband. Which include bitcoin. It’s come a long way since 2009.
I feel like this community will give me something bigger to be a part of and I sure hope that cryptocurrency will be around for a long time and I can prove warren buffet wrong!
Here’s my question, my coins are currently on binance. How important is it to put them on the ledger?
I’m a female in my 30’s and when I first heard about bitcoin from Max Keiser on RT in 2009 instead of trying to figure out how to mine the bitcoin, I listened to his advice about gold and bought some coins.
Biggest mistake ever lol!
For the next 9 years I focused on my career and got married. Now I’m divorced and started picking up interests that I had before I was with my awful ex husband. Which include bitcoin. It’s come a long way since 2009.
I feel like this community will give me something bigger to be a part of and I sure hope that cryptocurrency will be around for a long time and I can prove warren buffet wrong!
Here’s my question, my coins are currently on binance. How important is it to put them on the ledger?
I'm in a similar situation. I thought gold and silver would head to the moon back in the day, and at least they served as a hedge in case of hyperinflation. Right now central banks are hoarding gold, so it could be a worthwhile investment. As for your question: Binance is one of the best exchanges, so your funds are safe there. Always use 2FA, and when possible transfer your coins to your Ledger.
Unless you are trading frequently, over span of months then you should be storing in ledger though because of the unnecessary withdraw fees, there's certain risk storing in exchanges like server problems that lock your access to your withdraws, ledger is super safe if you do it correctly. Cryptocurrency would certainly be big if its usage and popularity is close to social media apps and how we use our banking apps.
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