I don't trust neither a paper wallet... Imagine a exchange...
For me, the most secure way is spliting the bitcoins in various wallets, well, if you have a lot of bitcoins, of course...
Topic: NEver keep all your coins on an exchange - page 16. (Read 25791 times)
Never keep ANY of your bitcoins in an exchange, You can make a new PC wallet in few seconds and it's as easy to use as any exchange wallet, You should just keep the BTC you are using to buy/sell crypto's with or the like, I don't know why people are still using BTC-E, Coinbase and Circle as actual wallets.
Actually for daily traders it is hard to keep on depositing and withdrawing daily for trading and this is also quite time consuming process so it may be late for trader to grab profit as market keep on moving quickly and there is always delay while getting confirmation when depositing to trading platform. However i agree that no one should consider trading platform as bitcoin wallets and better to use multiple exchanger if you have to hold bitcoin for trading. Never keep ANY of your bitcoins in an exchange, You can make a new PC wallet in few seconds and it's as easy to use as any exchange wallet, You should just keep the BTC you are using to buy/sell crypto's with or the like, I don't know why people are still using BTC-E, Coinbase and Circle as actual wallets.
that is right. It is better to keep a very small amount of bitcoin in exchanges to do some quick trading.
small amount means smaller size trade which also means smaller amount of profit.
that is why so many people are using these exchanges and they lose so much bitcoin each time they scam and run away.
Never keep ANY of your bitcoins in an exchange, You can make a new PC wallet in few seconds and it's as easy to use as any exchange wallet, You should just keep the BTC you are using to buy/sell crypto's with or the like, I don't know why people are still using BTC-E, Coinbase and Circle as actual wallets.
that is right. It is better to keep a very small amount of bitcoin in exchanges to do some quick trading.
small amount means smaller size trade which also means smaller amount of profit.
that is why so many people are using these exchanges and they lose so much bitcoin each time they scam and run away.
Never keep ANY of your bitcoins in an exchange, You can make a new PC wallet in few seconds and it's as easy to use as any exchange wallet, You should just keep the BTC you are using to buy/sell crypto's with or the like, I don't know why people are still using BTC-E, Coinbase and Circle as actual wallets.
that is right. It is better to keep a very small amount of bitcoin in exchanges to do some quick trading.
Never keep ANY of your bitcoins in an exchange, You can make a new PC wallet in few seconds and it's as easy to use as any exchange wallet, You should just keep the BTC you are using to buy/sell crypto's with or the like, I don't know why people are still using BTC-E, Coinbase and Circle as actual wallets.
How about another exchanget like poloniex or bitrex? i think the both of them is the best and good then another exchanger.
I suggest you to not keep all your coins on those exchanges even if they are reputable mate. I said that because of some reasons. One of the reasons why I said that is because even if they are trusted they can shutdown anytime they want and will leave you with lost coins. Another reason is because an exchange account can be hacked easily by hackers and because of it I advise you to keep your coins on your self controlled wallets if you are not gonna convert it.Keyword: Anytime.
That is a good suggestion mate. We should be doing this more. To save those who are making the wrong decisions in keeping too much bitcoin in those wallet exchanges. Please be careful
for altcoins, maybe i keep on one exchange, and in other exchange i will keep it too, so if i want to make arbitrage, i can quickly sell it into another market exchange, and this is apply to with my btc.
for me, i am saving my coins in two market exchange, because its make me easier to make arbitrage while on arbitrage we need to take concern about time waiting for coins arrive into our wallet.
so, i think better to have at least two account for market exchange and we balance in that two market exchange.
How about another exchanget like poloniex or bitrex? i think the both of them is the best and good then another exchanger.
I suggest you to not keep all your coins on those exchanges even if they are reputable mate. I said that because of some reasons. One of the reasons why I said that is because even if they are trusted they can shutdown anytime they want and will leave you with lost coins. Another reason is because an exchange account can be hacked easily by hackers and because of it I advise you to keep your coins on your self controlled wallets if you are not gonna convert it. 
Well no doubt and don't keep all your coins in one wallet. That is just being irresponsible with your available bitcoins.
Putting some of them into cold storage would be your best bet to have them some what safe.
We all doubt if you don't have any doubt with the exchange wallet you are using then good job i keep my bitcoin into my bitcoin wallet because i don't want to lose big once the exchange website got hack i don't have any guaranteed that im going to bring it back.Putting some of them into cold storage would be your best bet to have them some what safe.
Indeed it became one of the risks will we get in store all funds or a portion of our digital currencies in exhcange. Because the wallet is extremely prone to exchange is compromised and mostly because they know the gaps that we have
How about another exchanget like poloniex or bitrex? i think the both of them is the best and good then another exchanger.
We are all aware that it isn't safe to keep coins on exchangers. Except maybe very small amount. Exchangers are more often targeted by hackers but the risk could also be exchanger itself. Not all of them are fair and trustworthy so you can also become a victim of the fraud. Exchangers are not wallets.
that's true and if letting them hold your coin especially big amount of coin you are just giving them advantage it is just like a bank using their service will make you pay them for service fee and even its a big exchange they are still target of possible hack so
your money are always in danger from time to time.
Well no doubt and don't keep all your coins in one wallet. That is just being irresponsible with your available bitcoins.
Putting some of them into cold storage would be your best bet to have them some what safe.
We all doubt if you don't have any doubt with the exchange wallet you are using then good job i keep my bitcoin into my bitcoin wallet because i don't want to lose big once the exchange website got hack i don't have any guaranteed that im going to bring it back. Putting some of them into cold storage would be your best bet to have them some what safe.
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.
you are right...this sound as a reminder!!!!!!!
We are all aware that it isn't safe to keep coins on exchangers. Except maybe very small amount. Exchangers are more often targeted by hackers but the risk could also be exchanger itself. Not all of them are fair and trustworthy so you can also become a victim of the fraud. Exchangers are not wallets.
Gox
Cryptsy..
If you have most of your coins in Bitfinex.. there will be little mercy when they disappear.
yes , right suggestion . because my one Bitcoiner friend who is bulk trader told me he found that at a exchange his btc was disappear after many email and conversation they return btc in wallet . so we should put btc in limited amount only which is sufficient to make trade . Cryptsy..
If you have most of your coins in Bitfinex.. there will be little mercy when they disappear.
It's not wise to keep bitcoins in an exchange. I think low value altcoins it's ok, as even if something happen to the exchange you lose an irrelevant amount. People who want to do trading for sure can wait 1 hour if they see a window opportunity for the buying/selling . Price of bitcoin doesn't move that much within an hour , last 2 months was stable enough for all of us to not keep our coins in an exchange.
On a side note Monero has tripled in value and I didn't expect that at all. It's started to show some potential. I think I need to watch more this coin.
On a side note Monero has tripled in value and I didn't expect that at all. It's started to show some potential. I think I need to watch more this coin.
I think the reason people still keep their coins on an exchange is that they don't want to lose that small part of their money which they should pay for withdrawing. This approach is not a good one though. You should easily accept losing a small fraction of your money in order to not lose much more.
That is really a foolish thing if really someone thinks that, being that much miser would probably cost you, for just paying 0.1% or something on withdraw fees you put all 100% of your money under risk? Is that wise at all?
It's an illogical way of thinking. I've bought $100 worth of Monero, but I couldn't buy it all at once so I had to buy 5 times to reach the sum. After 5 transactions, I have lost 1 Monero which means $10. This means I'm left with $90.. It's a misery but I still prefer losing $10 rather than risking $100.
Exactly, someone just for preventing himself for paying the withdraw fees should not risk all his capital, it is better to pay the small amount of fees then losing all the money you have on the exchange which is always possible these days when exchanges are not safe at all.
Would you guys recommend storing your coins on myethwallet? They allow storing different kinds of coins as far as i know. And so are shapeshift. Storing coins in these app can help me access them anywhere with just my Tablet.
I will not comment on this but I can suggest you a few alternatives which are : holytransaction, blockchain ( for only btc ) , dogechain ( for doge coins ) , poloniex and many others Note : I am not at all saying these sites will nevr scam but they are running since long time.
Technically, blockchain.info would be the safest of those listed (based on the ones I know), as you can get your private key. That said, you will never be safe unless you hold your coins locally and keep them highly protected. No online site is going to change that.
You mean out of all of the "most dangerous ones", blockchain.info is the safest.
Because no online wallet is safe wallet.
Agree! the risky part is when your online wallet will turn to scam they will down their website then take you money in their pocket! We dont know what is in their minds! So dont store your bitcoin in the long period of time.
Mostly i use paper wallets to store my bitcoin and rarely save more than 1 bitcoin in online wallets to be in secure side. And about exchanger i hardly left significant amount there as i like to do long term bitcoin holding rather than buying and selling bitcoin quickly for profit.
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