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Topic: Leave Bitcoin in Exchange? - page 4. (Read 1170 times)

newbie
Activity: 5
Merit: 100
September 27, 2017, 05:57:01 PM
#14
If you can afford a hardware wallet and you are going to buy more BTC then buy it. Hardware wallets allow you to keep your private keys encrypted and never exposed to the computer which means that you can use it even on infected computer (you can check wallet screen if the receiving address haven't changed). If you don't want to spend extra money, download Electrum and encrypt your private keys. Make sure to make a few copies of them!
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
September 27, 2017, 05:53:43 PM
#13
The only reason to leave anything in an exchange is if you're a super active traders. And even the very best traders will only leave a small amount of their overall net worth on an exchange if they have any sense.

If you have no need or plans to trade within the next hour then you're doing yourself a disservice by leaving it on there. Even if the exchange itself is fine, it's possible someone might get your login details and empty it.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
September 27, 2017, 05:30:02 PM
#12
Some people says that the wrost thing to do is leave your bitcoins in some exchange.

Yes, because the exchange you stored your bitcoins can be hacked and that's we are trying to avoid and help people telling it that way. And you don't own the keys there.

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?

Any amount that you want to keep your bitcoins safe must be transferred to a wallet that you hold the seeds or keys. And electrum is a good choice, it will your keys and seeds so you are the one who's controlling your bitcoins.
full member
Activity: 294
Merit: 102
September 27, 2017, 05:28:15 PM
#11
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?

It's always better to keep in control your coins, If you have the control, you don't need to pay extra fees for the services, the time to make transactions is fastest than using a third party wallet, and the hackers are always aiming to sites like Payeer or exchanges rather than people.
hero member
Activity: 859
Merit: 1000
September 27, 2017, 05:20:46 PM
#10
What a bad idea! I left some bitcoins on Poloniex when they had a very big issue on August 2nd, i was so afraid to lose them since i had 1.2 btc in my polo wallet. I felt that i was going to lose them because that issue.. So soon as they fixed that, i bought an offline wallet and i am now storing my bitcoins in there, i think that is the most safest way to store my coins.
full member
Activity: 217
Merit: 120
Presale is live!
September 27, 2017, 05:19:07 PM
#9
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 was keeping my coins on (ex) btc-e and then suddenly they gone down when I needed my coins most.
I am happy that I got my coins back.
Now, I keep my coins on my secured wallet with backup on my USB pen.
Also, do not keep your backups on some cloud drive as some crackers may have it easy.
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
September 27, 2017, 05:15:18 PM
#8
I advise you to use a windows / mac wallet, it is much safer than a wallet online, it allows you to sleep quietly without worrying about your bitcoin
sr. member
Activity: 574
Merit: 250
September 27, 2017, 04:38:18 PM
#7
I would hold it in the exchange because 200 us dollars is a small amount, I can double it by trading an altcoin these days easily. No need to worry about it moving to another wallet. but choice is yours
full member
Activity: 140
Merit: 101
September 14, 2017, 01:01:56 PM
#6
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?
200 bucks is hardly anything to be worried over. Most computer programmers make than every 2 hours. But the answer is "you should never keep your property on someone else's property". Would you burry Gold in your neighbors back yard?
hero member
Activity: 2982
Merit: 790
September 14, 2017, 12:59:54 PM
#5
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?

Replace some with EVERYBODY with a brain.

Bitcoinica, gox, mint, btce, inputs...how many of those need people to experience on their own skin before they realize that when you deposit coins on an exchange you basically lend them with no contract and no real way of getting them back legally if something bad or a "hack" happens.

Do you even know where this payeer is located? Who they are?
A LLC limited liability company based in Georgia (the country). Nice.

I bet that he didnt even know such thing. Just like what most people suggesting on here better to moved out those funds of yours in payeer and its much better to keep those funds on electrum.It might be small but still thats money and losing them wont really give a good feeling.Never ever leave your bitcoins into places on which you dont have the possesion of your keys.Its too risky.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
September 14, 2017, 12:53:31 PM
#4
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?

Replace some with EVERYBODY with a brain.

Bitcoinica, gox, mint, btce, inputs...how many of those need people to experience on their own skin before they realize that when you deposit coins on an exchange you basically lend them with no contract and no real way of getting them back legally if something bad or a "hack" happens.

Do you even know where this payeer is located? Who they are?
A LLC limited liability company based in Georgia (the country). Nice.
hero member
Activity: 1092
Merit: 582
September 14, 2017, 12:49:19 PM
#3
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?
Leaving all funds in an exchange is risky as they are more prone to hack as they have to deal with a greater number of hack attempt than usual.
And a single successful attempt can cause huge loss of funds to them as well as you.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
September 14, 2017, 12:47:04 PM
#2
Hell yes move it. If you do not have exclusive control of your private keys then you don't have bitcoin. When I use an exchange I only leave coins for a few minutes tops. Consider that you don't know these people and have zero ability to recover your BTC if they decide to take them.
newbie
Activity: 14
Merit: 0
September 14, 2017, 12:43:36 PM
#1
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?
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