Topic: Leave Bitcoin in Exchange? (Read 1170 times)
Like everybody here said and mentioned bitcoin in exchanges is more prone to target of being stolen or hacked even by the company that can be greedy aswell, and what are you going to do then ? It is located in Georgia and it can be run by 17 year olds as far as you know so be safe and get a proper wallet.
Some people says that the wrost thing to do is leave your bitcoins in some exchange.
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
Keeping your Bitcoins or any type of cryptocurrency in an exchange or online wallet where you do not control your private key is very dangerous. This is because these type of wallets are vulnerable to hacking. The owner of the third party can even steal coins from you. If you do not control your own private key then you own nothing.I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
Hardware wallet is the safest wallet Electrum is also a good wallet, though.
Personally i dont trade frequently so my routine is i immediately transfer my fund to my personal wallet after i do the trade cause I heard some story that several trader experience some trouble on leaving there money on exchange wallet for a long period of time..so i keep it as a reminder.
And Heres what i think.if i would given a chance to trade on daily basis i guess its not a bad idea to leave your fund on exchange i would rather leave it just for a while then when i have gain enough thats the time i will move it to avoid lossing due to the high transsction fee.
And Heres what i think.if i would given a chance to trade on daily basis i guess its not a bad idea to leave your fund on exchange i would rather leave it just for a while then when i have gain enough thats the time i will move it to avoid lossing due to the high transsction fee.
Some people says that the wrost thing to do is leave your bitcoins in some exchange.
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
you should not store too much bitcoin in the exchanger because the risk is great, you should save it in the wallet that private key you save it much more secure, anytime you can send the bitcoin
some particular coins maybe the only risk is when the exchange closes then you don't have any capability to recover your coin though.
Some people says that the wrost thing to do is leave your bitcoins in some exchange.
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
Yes, it is a worst thing to do. Exchanges are vulnerable to some attacks that might result to hacking and loss of assets. If you leave your bitcoins in an exchange then you are exposing it to hackers. Also, the owner of the exchange may steal your coins or hold your coins if they find your funds suspicious. As long as you do not own or control your own private key, you are not the owner of that coin.
Electrum, trezor, or any wallet that lets you control your private key is a good wallet.
Some people says that the wrost thing to do is leave your bitcoins in some exchange.
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
you should not store too much bitcoin in the exchanger because the risk is great, you should save it in the wallet that private key you save it much more secure, anytime you can send the bitcoin
Of course, no one with a sane mind will leave bitcoin summing more than $5 at online exchange since exchange could get hacked or close at anytime.
Moving to electrum is a good idea for you, electrum is a lite wallet which means synchronising with the network takes far less time than full client.
Moving to electrum is a good idea for you, electrum is a lite wallet which means synchronising with the network takes far less time than full client.
Some people says that the wrost thing to do is leave your bitcoins in some exchange.
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
I traded crypto and left my money in exchange. no worries from me at all, because I think they are safe. and always keep people like me.
Some people says that the wrost thing to do is leave your bitcoins in some exchange.
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
Yes, I definitely advise you to move your bitcoins to safer wallet like Electrum. Storing bitcoin in exchanges is very risky since you don't hold the private key and if there's something happen to your bitcoin in the exchange you're storing it. You can't complaint to the exchange since it is your fault storing it there in the first place. I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
I would only keep bitcoin on an exchange if you have set buy orders in order to purchase some other coins or tokens. Otherwise it is best to keep your bitcoin and other altcoins in wallets that you control the private keys etc. I was very sad when my wife got hacked in a very known exchange just over a month ago and lost over 1k usd worth of tokens that the hacker stole and sold off right when it was being pumped as well. The exchange got mass hacked and it was Cryptopia exchange.
Some people says that the wrost thing to do is leave your bitcoins in some exchange.
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
you should not store too much bitcoin in the exchanger because the risk is great, you should save it in the wallet that private key you save it much more secure, anytime you can send the bitcoin
Some people says that the wrost thing to do is leave your bitcoins in some exchange.
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
Yes if you want save bitcoin you must save your Bitcoin in your wallet bitcoin private.I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
Example Mycelium , electrum .
If you save your Bitcoin on exchanger , I believe your Bitcoin Will be loss your control.
Keep your coins in a wallet that you completely control and that gives you the private key.
Sure, you will have to send some to an exchange wallet to be able to trade. So, the wise thing to do is just sending the amount you will use in trading and withdraw it back to your secure wallet as soon as you nolonger need to use the exchange platform.
Anyway, most exchange platforms are trusty and well secured just choose the one you trust more.
Sure, you will have to send some to an exchange wallet to be able to trade. So, the wise thing to do is just sending the amount you will use in trading and withdraw it back to your secure wallet as soon as you nolonger need to use the exchange platform.
Anyway, most exchange platforms are trusty and well secured just choose the one you trust more.
$200 is not huge amount but also not low amount and for me trustable exchange will ensure your fund to keep it safe even not for a long time because there is no 100% guarantee last long even trustable exchange will not always safe and if you want to save for long term then offline wallet is more good than save into the exchange but i personally rather than idle my $200 in the exchange i think i would use that money to investing at trustable gambling sites i think it will more usefull
Keep, along with 2-FA security in each:
-15% bitcoins at Localbitcoins
-15% at Bittrex
-15% at Poloniex
-15% at Blockchain
-40% in Paper wallet
That's what I do!
-15% bitcoins at Localbitcoins
-15% at Bittrex
-15% at Poloniex
-15% at Blockchain
-40% in Paper wallet
That's what I do!
Some people says that the wrost thing to do is leave your bitcoins in some exchange.
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
Well, there isn't a way that one can trade on an exchange without leaving certain amount of btc there for impromptu and opportunistic buying. I don't think that $200 worth the OP mentioned is a big deal. It isn't much of a risk if you asked me. It should be a buffer for OP's convenience. What I do not buy into is people leaving several thousands of dollar worth in an exchange.
It is true that storing bitcoin in exchanges is really risky but at the same time it is not easy to move bitcoin in an out of exchanges during flash pump and dump. Just store bitcoin in exchanges if you want to make short term trades for daily profit but if you are looking for long term holding, than don't hold your bitcoin in any exchange platforms.
Yes electrum and jaxx are best SPV wallets you can use, however hardware wallet is the ultimate solution.
Yes electrum and jaxx are best SPV wallets you can use, however hardware wallet is the ultimate solution.
The safest thing for you to do would be to place your Bitcoin in a hardware wallet or an offline wallet where no one will be able to access it unless you would want to because you have the keys. Storing them in an exchange can be hacked so it is like giving the hackers and idea for them to get more money out of the people but if you don't have any choice though, make sure the exchange site you are storing your bitcoin with has a 2fa.
Yeah, leaving bitcoins inside an exchange wallet is not suggested by the masters. You can't control it, if the Exchange turns into a scam, you can't do nothing to save your bitcoins and they steal it.
If its a reputable exchange, then probably they are taking care of the security measures like moving your assets to cold wallet etc.. I have been dealing mainly with Polo since feb 2016 and I still have allot storred in BTC there, never had an issue ever with them, smooth withdrawals with zero problem when transferring to Node wallet.
It doesn't matter how reputable an exchange is when it comes to them having control over your funds ~ we've seen how reputable exchanges have turned into a scam in a very short time.In most cases there are the first signals that are pointing at a change in how the exchange is being operated, but you can't always depend on these initial signals to warn you for an exchange that might turn into a scam.
And btw..... People nowadays have been going through quite some difficulties with Poloniex, and for that reason made a switch to Bittrex. If I was you, I would directly withdraw every coin from there that you don't trade with.
Don't expose your coins to unnecessary risks.
thats a stupid idea, do you know some exchange closed?
better save at paper wallet.
better save at paper wallet.
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