Yes thats why i use electrum wallet.Its safe and secure.I dont know how more will people loose by keeping all of their coins on an exchange
I just use the bitcoin wallet and store the wallet in an offline place. It is quite safe and secure.
Topic: NEver keep all your coins on an exchange - page 14. (Read 25791 times)
I just use the bitcoin wallet and store the wallet in an offline place. It is quite safe and secure.
Yes thats why i use electrum wallet.Its safe and secure.I dont know how more will people loose by keeping all of their coins on an exchange
I never keep my bitcoins on any exchange as its dangerous and they are prone to hacking because hackers know that exchange site has many reserve coins for paying such services they are using. I'm using some local wallets to avoid hassle and also practicing using offline wallets even if takes me so long.
I would not suggest anyone to store it on their own computer, because personal computers are way easier to hack in general.
The bitfinex should be a lesson for the most, in the past mr gox has scammed a lot users here, soo we do learn with mistakes and no one should let all the coins at one exchange, doing that is taking a huge risk to loose those.
I never keep my bitcoins on any exchange as its dangerous and they are prone to hacking because hackers know that exchange site has many reserve coins for paying such services they are using. I'm using some local wallets to avoid hassle and also practicing using offline wallets even if takes me so long.
that's right it much better to wait than to lose our hard earned coin, for sure it is much better practice to all of usthink for our investment and make it sure that it is well safe in our hands.
How about another exchanget like poloniex or bitrex? i think the both of them is the best and good then another exchanger.
you cannot trust any exchange no matter how trustworthy or popular it is. The best is for you to try as much as you can to have your coin in different exchangers and on your private wallet should any unfortunate event befalls those guys you can be sure you are not totally grounded. Like having multiple wallets, having accounts in multiple exchanges also having big advantages.
Thanks for this tip. Many people have been robbed bitcoin by hackers and I won't make this mistake again. This is due to the subjective feeling which makes you feel that you are safe and secure. I am a cautious person. I also divide my bitcoin into 3 parts and put them in 3 different wallets so that I will reduce the amount of bitcoin being stolen if I am hacked.
Find it odd that people would rely on a exchange to keep their coins safe after all the things that have happened through out bitcoin history. It would be like leaving your wallet on the front seat of a car with the key in the ignition and expecting it to still be there 3 hours later in the seediest part of town.
It surprises me that people still do this but not to big of a shock that a segment of the bitcoin universe is still doing this.
It surprises me that people still do this but not to big of a shock that a segment of the bitcoin universe is still doing this.
Exactly, the ones who believes those exchanges blindly by keeping all their bitcoins in them are crazy if they are still doing it after what happened to bitfinex because that is what can happen to any exchange so someone should just keep his trading capital there but not any extra bitcoins.
Find it odd that people would rely on a exchange to keep their coins safe after all the things that have happened through out bitcoin history. It would be like leaving your wallet on the front seat of a car with the key in the ignition and expecting it to still be there 3 hours later in the seediest part of town.
It surprises me that people still do this but not to big of a shock that a segment of the bitcoin universe is still doing this.
It surprises me that people still do this but not to big of a shock that a segment of the bitcoin universe is still doing this.
If your money is in bitcoins, there's no reason to keep them in an altcoin exchange website unless you put it there to buy a certain altcoin. Same goes for an exchange website, no reason for you to keep it there if you're not selling your bitcoins into fiat. You should just put it in your wallet. Use blockchain or some other secure wallet. Exchange sites hold a lot of bitcoin which make it hot in the eyes of hackers. Just one operation and they'll be millionaires for life.
Same as never keep all of your bitcoin in a single wallet. We can't really say what will happen to them tomorrow so it's better to divide them so it would be that disappointing if something happens in one of that exchanges or wallets.
I never keep my bitcoins on any exchange as its dangerous and they are prone to hacking because hackers know that exchange site has many reserve coins for paying such services they are using. I'm using some local wallets to avoid hassle and also practicing using offline wallets even if takes me so long.
My friends says that exchange sites are safe and we can store our coin safely in those site. But i had argumented with them that it's not safe to keep coins with exchange sites, they could run away anytime or could delete my account our alter my coins but they said NO it's safe to use exchange sites. I am too in dilemma.
I don't think that it is not bad if you are going keep all your coins with exchange sites just put it on those trusted sites that has already built for 2-3 years already. And I don't think that they are going to break the trust of their subscribers and as per as the bitfinex scamming incident did happened then for sure that is going to make them more alert.
It's not always the issue when you put your coins in one exchange, there are also incidents where a exchange is down when you need or when the exchange was hacked and all its coins where bagged, whether its true or not, it is still the best to spread your coins in different exchanges just to make sure that when something happens in one atleast you still hold part of your coins in other exchange.
i think there is nothing wrong to put coins in an exchange
I don't think that it is not bad if you are going keep all your coins with exchange sites just put it on those trusted sites that has already built for 2-3 years already. And I don't think that they are going to break the trust of their subscribers and as per as the bitfinex scamming incident did happened then for sure that is going to make them more alert.
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I had invested $120 in yobit and bought blry coins so how can i transfer those coin from yobit to my blry wallet is there any official wallets for bitcoin. I understand the risk of stories coins on exchange sites but many of my friends say that it's safe to store coins in exchange sites. I am in a dilemma
better you sell your coins first and after you have bitcoin, then you can send it into another market so you can start to trading with other coins too. maybe you can't make your bitcoin as first in $120 but at least, now you have bitcoin and you can do whatever you want.
Each exchange website, you get only 1 bitcoin wallet. You should use multiple bitcoin wallets from different websites so that even when you get hacked or if the website gets hacked, not all your funds will vanish. You can't say what would happen after the Bitfinex hack. Maybe the exchange website that you're using is next. You should secure your PC as well so you can make sure that there are no hackers just waiting for you to access your bitcoin wallet.
I had invested $120 in yobit and bought blry coins so how can i transfer those coin from yobit to my blry wallet is there any official wallets for bitcoin. I understand the risk of stories coins on exchange sites but many of my friends say that it's safe to store coins in exchange sites. I am in a dilemma
If you have blry wallet you could actually transfer your blry from yobit to blry wallet itself its possible. Same as others said here that keeping huge money on exchanges would be somehow risky because of some exchages hacks , to be safe better to store small amounts of money.
I had invested $120 in yobit and bought blry coins so how can i transfer those coin from yobit to my blry wallet is there any official wallets for bitcoin. I understand the risk of stories coins on exchange sites but many of my friends say that it's safe to store coins in exchange sites. I am in a dilemma
ofcourse it is safe to put your money in exchange sites . but if you are going for only particular or single coin than it is not good .since here at the current time blry is a good condition because its admin is a politician and goin to win his last dibet so no chance to loss more .
and secondly i want tell you that there is no such wallet for blry ( i had not heared about this wallet which for blry , official )
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