Topic: NEver keep all your coins on an exchange - page 15. (Read 25791 times)
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
Oh boy! This is what I am doing I am making an exchange site as my personal savings account. Because instead of getting of savings account, that is what I am depending because I believe if I will just going to let my bitcoins stay to my bitcoin wallet provider then I will going to get profit effortless when the price increases.
Never keep ANY coin on ANY exchange.
Fixed.
Please people, learn to put your coins in your own local wallets where you control the private keys, never have coins in exchanges. How many times this has to be said? I guess some people never learn.
Fixed.
Please people, learn to put your coins in your own local wallets where you control the private keys, never have coins in exchanges. How many times this has to be said? I guess some people never learn.
There will always be new BC users who do not understand the nuances of safeguarding your BC. I have secure wallets with 2 FA, but I just got scammed by nitrogensports.eu. Their admins have access to your wallet and mine just got emptied of 6 BC. It was clearly an insider as my password is not shared across web sites and is super secure. When you complain on their chat, they ban you. The admins do not want anyone warned.
Exchangers are very atractive to hackers who attack them more and more often and the funds are at constant risk. They weren't even ment to use them as wallets but some people do. It's not wise to keep large amount of coins there but sometimes we are all lazy and because we don't have enough patience to wait for transaction confirmation when we need funds to trade, we just keep our Bitcoins there.
It is not always to put or store coins on any exchanges online.Yet it is still better if you will still store your coins on a wallet that you hold the api and private key so you will feel secured even though you leave it just right there for a long timem but putting 2FA on accounts on exchanges will help a lot on securing stored coins
By now we all know that exchangers are not wallets.
So you shouldn't keep there more then you need for trading on that moment because your funds could be at risk.
At least you shouldn't keep them in only one exchanger.
So you shouldn't keep there more then you need for trading on that moment because your funds could be at risk.
At least you shouldn't keep them in only one exchanger.
If we dont risk a bit we wont get any new bitcoins, we do need to trade or invest our bitcoins into exchanges and casinos or dice, let them stored makes no sense at all. Sure the bitcoins should be at more then one place but sometimes its better to be at one place.
Never keep ANY coin on ANY exchange.
Fixed.
Please people, learn to put your coins in your own local wallets where you control the private keys, never have coins in exchanges. How many times this has to be said? I guess some people never learn.
Fixed.
Please people, learn to put your coins in your own local wallets where you control the private keys, never have coins in exchanges. How many times this has to be said? I guess some people never learn.
There will always be new BC users who do not understand the nuances of safeguarding your BC. I have secure wallets with 2 FA, but I just got scammed by nitrogensports.eu. Their admins have access to your wallet and mine just got emptied of 6 BC. It was clearly an insider as my password is not shared across web sites and is super secure. When you complain on their chat, they ban you. The admins do not want anyone warned.
of course if you have all your funds in one wallet you can lose it all, don't matter if is a company with a great brand, the online wallets always can be hacked. Just look bitfinex thats a great example why you can't have all your funds in one exchange.
I agree with it, you know when the incident happened about Bitfinex, in that time, i was thinking to convert our coins into exchange and by chance the exchange has been hacked. Than i thank to God, he safe me and also my bitcoins, but my friend, he has near about 30 bitcoins in Bitfinex, he has lost.
Never keep ANY coin on ANY exchange.
Fixed.
Please people, learn to put your coins in your own local wallets where you control the private keys, never have coins in exchanges. How many times this has to be said? I guess some people never learn.
Fixed.
Please people, learn to put your coins in your own local wallets where you control the private keys, never have coins in exchanges. How many times this has to be said? I guess some people never learn.
There will always be new BC users who do not understand the nuances of safeguarding your BC. I have secure wallets with 2 FA, but I just got scammed by nitrogensports.eu. Their admins have access to your wallet and mine just got emptied of 6 BC. It was clearly an insider as my password is not shared across web sites and is super secure. When you complain on their chat, they ban you. The admins do not want anyone warned.
You can tell them all you want. Yell it out, shout it at them. They're still going to do it. Some people never learn.
Regardless of all the tips that are shared about security and keeping coins safe, many still prefer to keep their coins on exchange.For sure this is the easiest and most simple way to keep coins,but we all see what's that way in terms of safety.One day you have coins, the other day someone hacked exchange and enjoy your money on a tropical island.
Of course that offline wallets are not 100% safe,but if user take all necessary steps to secure his funds, chance that you may lose coins is almost negligible.
Of course that offline wallets are not 100% safe,but if user take all necessary steps to secure his funds, chance that you may lose coins is almost negligible.
nobody in his right mind would "prefer" to keep his coin (money) with a third party. only some newbies who are not aware of the dangers would prefer it.
any traders that want to have an open order don't "prefer it".
but sometimes you have to otherwise you either miss the chance to buy/sell because you withdraw everything!
That is the risk traders have to take if you are trading on a daily basis. Aside from missing a buy or a sell, you are also incurring more fees on the process. You'll be the one to balance which will you take, more fees less risk, more missed trades or less fees, more risk, less missed trades.
Keeping all your coins in an exchange is one of the most stupid things to do cause the risk of losing your stored coins there are high. The exchange sites are the usually targeted sites to hack plus even if the particular site has a good reputation there is no guarantee that they will not run off with your money.
The best thing to do is distribute your coins with different wallets
The best thing to do is distribute your coins with different wallets
Regardless of all the tips that are shared about security and keeping coins safe, many still prefer to keep their coins on exchange.For sure this is the easiest and most simple way to keep coins,but we all see what's that way in terms of safety.One day you have coins, the other day someone hacked exchange and enjoy your money on a tropical island.
Of course that offline wallets are not 100% safe,but if user take all necessary steps to secure his funds, chance that you may lose coins is almost negligible.
Of course that offline wallets are not 100% safe,but if user take all necessary steps to secure his funds, chance that you may lose coins is almost negligible.
nobody in his right mind would "prefer" to keep his coin (money) with a third party. only some newbies who are not aware of the dangers would prefer it.
any traders that want to have an open order don't "prefer it".
but sometimes you have to otherwise you either miss the chance to buy/sell because you withdraw everything!
Regardless of all the tips that are shared about security and keeping coins safe, many still prefer to keep their coins on exchange.For sure this is the easiest and most simple way to keep coins,but we all see what's that way in terms of safety.One day you have coins, the other day someone hacked exchange and enjoy your money on a tropical island.
Of course that offline wallets are not 100% safe,but if user take all necessary steps to secure his funds, chance that you may lose coins is almost negligible.
Of course that offline wallets are not 100% safe,but if user take all necessary steps to secure his funds, chance that you may lose coins is almost negligible.
Agreed. The only coins that should be left on the exchange are for the buy/sell orders. Otherwise, only deposit small amounts of the coins that you want to do trasnactions with and never use exchange wallet as a storage.
Regardless of all the tips that are shared about security and keeping coins safe, many still prefer to keep their coins on exchange.For sure this is the easiest and most simple way to keep coins,but we all see what's that way in terms of safety.One day you have coins, the other day someone hacked exchange and enjoy your money on a tropical island.
Of course that offline wallets are not 100% safe,but if user take all necessary steps to secure his funds, chance that you may lose coins is almost negligible.
Of course that offline wallets are not 100% safe,but if user take all necessary steps to secure his funds, chance that you may lose coins is almost negligible.
Yes. I would always suggest to keep more wallets logged in your desktop. Never keep the btc in the exchange. When you require to exchange, do transfer from your wallet to the exchange wallet. That's the best option. If that's too heavy for your system, use electrum. If you don't trust electrum, use paper wallet. Exchanges come and go. You never know which one will be goxed next.
Yes i would rather say not keep even any substancial amount of coins in any of the exchanges.If you are not trading with them just withdraw then to the wallet and keep just a small amount and deposit again from the wallet there if needed because i things exchanges are not safe place now for keeping the coins there,we saw MTgox then bitfinex hacked so dont trust them now,
How about another exchanget like poloniex or bitrex? i think the both of them is the best and good then another exchanger.
I do not trust any exchanger, once you have a big amount of bitcoin, try as much as possible to transfer it to your private wallet because anything can happen at anytime and you will be hearing hackers did this and that which to me is just a conspiracy theory. Being cautious is always better as I always believe in preventing is better than curing / regretting. Jump to: