Topic: NEver keep all your coins on an exchange - page 18. (Read 25791 times)
It goes without saying, how many people have been so badly burnt losing coins due to exchanges or online wallets getting hacked. You are responsible for the security & safety of your coins, please be vigilant.
I agree, there are lots of history where people who left their coins in exchange lost everything. GOX and Cryptsy are the bigger one, and there are some small exchanges too like sharex that just close and run with their client's Coin not saying the one posting this message have First hand experience of losing coins to an exchange/trading platform that shutdown.
Which means that your saying we need to be very careful if we are going to left our coins in different exchange, once our coins being sold at once we must put it in our safety storage wallet.
Absolutely.This is the best way to do it.
Make your trades, and withdraw your profits immediately.
Only leave your trading amount on the exchange.But make sure this amount isn't hurt you if the exchange gets hacked or closed.
Many people are greedy as hell and therefore risk way too much money.And when shit happens the crying is huge and anybody else will get blamed.
That is a very good advice. By doing that, you will not lose a lot of money. But what happen if you do not make profit in the trading?
I agree, there are lots of history where people who left their coins in exchange lost everything. GOX and Cryptsy are the bigger one, and there are some small exchanges too like sharex that just close and run with their client's Coin not saying the one posting this message have First hand experience of losing coins to an exchange/trading platform that shutdown.
Which means that your saying we need to be very careful if we are going to left our coins in different exchange, once our coins being sold at once we must put it in our safety storage wallet.
Absolutely.This is the best way to do it.
Make your trades, and withdraw your profits immediately.
Only leave your trading amount on the exchange.But make sure this amount isn't hurt you if the exchange gets hacked or closed.
Many people are greedy as hell and therefore risk way too much money.And when shit happens the crying is huge and anybody else will get blamed.
I agree dont keep all your coin in an exchange if you are not using it or placed in buy or sell wall. Better withdraw your coin that is not in for trading especially your BTC because we never know what will happen to the exchange on the next dayl.
yeah agree I think if you do not have plans to convert it to fiat or perform better trading counterparties my advice put your bitcoin into the desktop wallet or at least protected from third parties. because any exchange that is owned by a third party will have the risk of losing
I agree, there are lots of history where people who left their coins in exchange lost everything. GOX and Cryptsy are the bigger one, and there are some small exchanges too like sharex that just close and run with their client's Coin not saying the one posting this message have First hand experience of losing coins to an exchange/trading platform that shutdown.
Which means that your saying we need to be very careful if we are going to left our coins in different exchange, once our coins being sold at once we must put it in our safety storage wallet.
You mean out of all of the "most dangerous ones", blockchain.info is the safest.
Because no online wallet is safe wallet.
Because no online wallet is safe wallet.
If you really know how to store your coins, and if your computer is free from keyloggers, spyware and trojans, then blockchain.info can be one of the safest places to store your coins. I know a few people who got their coins stolen from blockchain.info wallets. But it was entirely due to their fault. They were careless with their private keys.
The blockchain itself, the concept and system of confirmation, solid, the people factor, flawed.
You mean out of all of the "most dangerous ones", blockchain.info is the safest.
Because no online wallet is safe wallet.
Because no online wallet is safe wallet.
If you really know how to store your coins, and if your computer is free from keyloggers, spyware and trojans, then blockchain.info can be one of the safest places to store your coins. I know a few people who got their coins stolen from blockchain.info wallets. But it was entirely due to their fault. They were careless with their private keys.
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.
as long as you aren't the owner of your coins, and they are stored online, then there isn't such a thing as a safe online wallet service. you can however say that it is a well respected and trustworthy service.
I agree, there are lots of history where people who left their coins in exchange lost everything. GOX and Cryptsy are the bigger one, and there are some small exchanges too like sharex that just close and run with their client's Coin not saying the one posting this message have First hand experience of losing coins to an exchange/trading platform that shutdown.
Which means that your saying we need to be very careful if we are going to left our coins in different exchange, once our coins being sold at once we must put it in our safety storage wallet.
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.
Gox
Cryptsy..
If you have most of your coins in Bitfinex.. there will be little mercy when they disappear.
Cryptsy..
If you have most of your coins in Bitfinex.. there will be little mercy when they disappear.
That's a good reminders to any member here in this forum. Though some are still doing it even they've already warned by the others. So I'm totally agreed for not keeping all coins in the exchange.
If we are doing a long trade on a certain altcoin or even bitcoin it is better to store them in their wallets to prevent losing them when one of those exchanges is hacked or that exchange collapse. It would be very disappointing to lose them without knowing what happen to your coin. It is like you're being robbed without knowing what happened.
Gox
Cryptsy..
If you have most of your coins in Bitfinex.. there will be little mercy when they disappear.
Cryptsy..
If you have most of your coins in Bitfinex.. there will be little mercy when they disappear.
That's a good reminders to any member here in this forum. Though some are still doing it even they've already warned by the others. So I'm totally agreed for not keeping all coins in the exchange.
That is good advice because exchanges gets hacked often
On any PC, even if the private keys never leave the PC, there are viruses that can log the user's keystrokes and transmit the data, there are copy/paste switching programs that can make you think that you are pasting your public address and switch it to another so that someone else is getting paid.
That is good advice because exchanges gets hacked often
I also do the same it was a lesson for all of us who often kept their money in exchanges, and those online wallets which do not have any good review or history are also not good for keeping our bitcoins in there , as they also can be hacked.
even there is some people used an exchange as their online wallet lol ,as bitcoin wallet is private , you should not tell and held your private key to anyone ,
by storing bitcoin in third party like an exchange and other online wallet which you did not hold the private key , you are just giving away your bitcoin.
yepp it is pretty stupid especially when you are storing about a lot of money ,
the hacked exchange should be our lesson to not go full 100% trust ,
even an exchange have a very trusted reputation.
If that is a cheap exchange website then it is likely to steal a person with a lot of bitcoin that will be stored. But for those who are known they have the thinking that trust is essential for that certain exchange to survive. Though some end up being a scam site.
they are trusted and have very large active trader stored thousands bitcoin there ,
but who know they manipulated everything by claiming themselves are hacked ,
it can be they just scam everyone.
never trust someone online easily , it will hurt you soon or later.
How genuine it may look from outside we will never come to their intentions, they may operate for some time to gain trust from the people and once they have enough funds they may simply disappear.
Online exchanges storing private keys, user info, and such. There is never going to be an absolute secure situation, including the fact that even if a DB is unbreakable, there are the employees themselves that can walk away with information or whatever it is that they need.
I know that the blockchain itself is basically beyond attack. That is the point of checking itself over and over until it proves that it is moving forward with the right blocks. The issues come from things that are not a direct blockchain event. Once the human element is put in there, it all goes to pot.
I also do the same it was a lesson for all of us who often kept their money in exchanges, and those online wallets which do not have any good review or history are also not good for keeping our bitcoins in there , as they also can be hacked.
even there is some people used an exchange as their online wallet lol ,as bitcoin wallet is private , you should not tell and held your private key to anyone ,
by storing bitcoin in third party like an exchange and other online wallet which you did not hold the private key , you are just giving away your bitcoin.
yepp it is pretty stupid especially when you are storing about a lot of money ,
the hacked exchange should be our lesson to not go full 100% trust ,
even an exchange have a very trusted reputation.
If that is a cheap exchange website then it is likely to steal a person with a lot of bitcoin that will be stored. But for those who are known they have the thinking that trust is essential for that certain exchange to survive. Though some end up being a scam site.
they are trusted and have very large active trader stored thousands bitcoin there ,
but who know they manipulated everything by claiming themselves are hacked ,
it can be they just scam everyone.
never trust someone online easily , it will hurt you soon or later.
We need to trust into some exchanges, maybe not all of our coins but a part of them, otherwise how can we multiply and earn some fee if the coins are frozened and wont generate anything new, besides the value, that might change.
iam keep in all my coin in my wallet addres
not exchanger
not exchanger
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