Just one question. Why these exchanger doesn't make an insurance for customers fund?
If they do that, I think it will be the main standards for exchanger.
Topic: NEver keep all your coins on an exchange - page 2. (Read 25791 times)
Yes already I had learnt lesson from exchange site. Exchange site are always on their way to loot money especially those site which are less trusted and sometimes more truthful site also runs away with money. They don't have mercy.
That is why we must be choosy to the exchange sites that we are going to invest to. There are poor exchange sites and almost no user and only shitcoins are existing. We must choose exchanger that have already established its name on the market they are less likely to scam you. We must read reviews, trust ratings and the years of existence of an exchanger before placing your coins.
yeah. we need to analize the exchange before saving coins in it. just try to look for some testimonies from those who use an exchange. when you find it good or recommended, then go ahead, but if it is not, just stop.
the point is just be careful in everything you do. think several times before doing something.
Actually is really not advised to keep your coins in an exchange. There are several fact that even legit exchange are being hacked. The worst will be if you let your account 2fa unactivated. I known someone who have no 2fa in his account and woke up one day that all his coins were hacked. I think it happens in bittrex, though it is not fault of the exchange but the user himself. If only he withdraw those coin to his wallet , that case should have been avoided.
I'ce had such a situation twice already, and it always took me a few days to get it resolved.
Of course my money was not gone, but the opportunity where I wanted to inves was.
Yes already I had learnt lesson from exchange site. Exchange site are always on their way to loot money especially those site which are less trusted and sometimes more truthful site also runs away with money. They don't have mercy.
That is why we must be choosy to the exchange sites that we are going to invest to. There are poor exchange sites and almost no user and only shitcoins are existing. We must choose exchanger that have already established its name on the market they are less likely to scam you. We must read reviews, trust ratings and the years of existence of an exchanger before placing your coins.
yeah. we need to analize the exchange before saving coins in it. just try to look for some testimonies from those who use an exchange. when you find it good or recommended, then go ahead, but if it is not, just stop.
the point is just be careful in everything you do. think several times before doing something.
Actually is really not advised to keep your coins in an exchange. There are several fact that even legit exchange are being hacked. The worst will be if you let your account 2fa unactivated. I known someone who have no 2fa in his account and woke up one day that all his coins were hacked. I think it happens in bittrex, though it is not fault of the exchange but the user himself. If only he withdraw those coin to his wallet , that case should have been avoided.
Yes already I had learnt lesson from exchange site. Exchange site are always on their way to loot money especially those site which are less trusted and sometimes more truthful site also runs away with money. They don't have mercy.
That is why we must be choosy to the exchange sites that we are going to invest to. There are poor exchange sites and almost no user and only shitcoins are existing. We must choose exchanger that have already established its name on the market they are less likely to scam you. We must read reviews, trust ratings and the years of existence of an exchanger before placing your coins.
yeah. we need to analize the exchange before saving coins in it. just try to look for some testimonies from those who use an exchange. when you find it good or recommended, then go ahead, but if it is not, just stop.
the point is just be careful in everything you do. think several times before doing something.
Actually is really not advised to keep your coins in an exchange. There are several fact that even legit exchange are being hacked. The worst will be if you let your account 2fa unactivated. I known someone who have no 2fa in his account and woke up one day that all his coins were hacked. I think it happens in bittrex, though it is not fault of the exchange but the user himself. If only he withdraw those coin to his wallet , that case should have been avoided.
Who keeps all their coins in an exchange anyways?
It is just a temporary wallet to conduct business with and should be considered only for that purpose and not a holding area for long term.
I hold all my current savings on exchanger. Because of my campaign transfers my payment there. And I don't want to pay taxes to the site to transfer my bitcoins on my wallet and then again pay tax to move my coins to exchanger back to withdraw it. It is just a temporary wallet to conduct business with and should be considered only for that purpose and not a holding area for long term.
Who keeps all their coins in an exchange anyways?
It is just a temporary wallet to conduct business with and should be considered only for that purpose and not a holding area for long term.
It is just a temporary wallet to conduct business with and should be considered only for that purpose and not a holding area for long term.
People who are lazy enough to not download a wallet. I agree it is just a temporary wallet but people use them as storage. There are some reason for this. One of which is, the person don't have enough disk space to download the whole blockchain so they rely on the exchanges to hold their coins. Another thing is that they lack knowledge on how to install a wallet or to sync it to the network. And last and most worst is that they are too lazy to move their coins.
The main reason is to be on time when there is a dump going on. No matter how severe the level panic is, they will start with dumping to prevent even bigger losses.
If they have to send their coins to their exchange, and be forced to wait for 3 confirmations, is something they really can't handle.
That's why they prefer to keep their coins on exchanges all the time as that will allow them to sell immediately. That's what noobs are constantly worrying about.
Who keeps all their coins in an exchange anyways?
It is just a temporary wallet to conduct business with and should be considered only for that purpose and not a holding area for long term.
It is just a temporary wallet to conduct business with and should be considered only for that purpose and not a holding area for long term.
People who are lazy enough to not download a wallet. I agree it is just a temporary wallet but people use them as storage. There are some reason for this. One of which is, the person don't have enough disk space to download the whole blockchain so they rely on the exchanges to hold their coins. Another thing is that they lack knowledge on how to install a wallet or to sync it to the network. And last and most worst is that they are too lazy to move their coins.
Yes already I had learnt lesson from exchange site. Exchange site are always on their way to loot money especially those site which are less trusted and sometimes more truthful site also runs away with money. They don't have mercy.
That is why we must be choosy to the exchange sites that we are going to invest to. There are poor exchange sites and almost no user and only shitcoins are existing. We must choose exchanger that have already established its name on the market they are less likely to scam you. We must read reviews, trust ratings and the years of existence of an exchanger before placing your coins.
yeah. we need to analize the exchange before saving coins in it. just try to look for some testimonies from those who use an exchange. when you find it good or recommended, then go ahead, but if it is not, just stop.
the point is just be careful in everything you do. think several times before doing something.
Who keeps all their coins in an exchange anyways?
It is just a temporary wallet to conduct business with and should be considered only for that purpose and not a holding area for long term.
It is just a temporary wallet to conduct business with and should be considered only for that purpose and not a holding area for long term.
I think it depends on the exchanger site. Because I'm always leaving my altcoins in c-cex but it never lost. It would be better if you will leave your bitcoins or altcoins in some legit exchangers like c-cex and yobit to be sure that your bitcoin or altcoin would never be lost or get stolen maybe.
it's not a nice way in my opinion. is better to use an exchange only. then you can sell altcoin when prices are high. because if it continues silenced then altcoin may have a very low price. grab the opportunity to earn better profits.
Yes already I had learnt lesson from exchange site. Exchange site are always on their way to loot money especially those site which are less trusted and sometimes more truthful site also runs away with money. They don't have mercy.
That is why we must be choosy to the exchange sites that we are going to invest to. There are poor exchange sites and almost no user and only shitcoins are existing. We must choose exchanger that have already established its name on the market they are less likely to scam you. We must read reviews, trust ratings and the years of existence of an exchanger before placing your coins.
I think it depends on the exchanger site. Because I'm always leaving my altcoins in c-cex but it never lost. It would be better if you will leave your bitcoins or altcoins in some legit exchangers like c-cex and yobit to be sure that your bitcoin or altcoin would never be lost or get stolen maybe.
Is c-cex or yobit more legit than poloniex?
You have got to be joking right? Them two exchanges are scam exchanges and poloniex is the most trusted alt exchange.
I definitely agree that Poloniex is the most solid and respected altcoin exchange in the market, but that doesn't mean other exchanges are scams. Yobit has a horrible support service, which might even take much longer to reply or solve open tickets compared to other exchanges, but that doesn't make it a scam. I can't really comment on C-Cex as I simply don't have much information about this exchange, but from the looks, just as is the case with Yobit, there are a whole bunch of shit coins listed for the sole purpose of earning money. Every fake dev and its shill supporters are looking to buy themselves a position on various exchanges to dump their worthless coins on rookies.
I think it depends on the exchanger site. Because I'm always leaving my altcoins in c-cex but it never lost. It would be better if you will leave your bitcoins or altcoins in some legit exchangers like c-cex and yobit to be sure that your bitcoin or altcoin would never be lost or get stolen maybe.
Is c-cex or yobit more legit than poloniex?
You have got to be joking right? Them two exchanges are scam exchanges and poloniex is the most trusted alt exchange.
I think it depends on the exchanger site. Because I'm always leaving my altcoins in c-cex but it never lost. It would be better if you will leave your bitcoins or altcoins in some legit exchangers like c-cex and yobit to be sure that your bitcoin or altcoin would never be lost or get stolen maybe.
How can you be so sure that c-cex and yobit are safe? Only the owner of that site can say till when will be they are safe and won't run away your money? Remember what happen to mt-gox and cryptsy,(please correct me if i'm wrong) they are reputable exchanges but their site went down and never return again with the bitcoin and altcoins of investors there.
I think it depends on the exchanger site. Because I'm always leaving my altcoins in c-cex but it never lost. It would be better if you will leave your bitcoins or altcoins in some legit exchangers like c-cex and yobit to be sure that your bitcoin or altcoin would never be lost or get stolen maybe.
Is c-cex or yobit more legit than poloniex?
Yes, this is a very sensible idea to avoid losing their Bitcoins of exchanges, they need to save to your local wallet.
I think it depends on the exchanger site. Because I'm always leaving my altcoins in c-cex but it never lost. It would be better if you will leave your bitcoins or altcoins in some legit exchangers like c-cex and yobit to be sure that your bitcoin or altcoin would never be lost or get stolen maybe.
This is 100% true I have lost some of my coins on on exchange when they update and some of the coins have disappeared,even if it is a reputable exchange,you never know what's going to happen,either your wallet will get hack or the exchange will get hacked or run away with every body's coin take the case of mt.gox
Always use 2FA if a site offers it.
And if a site does not give you the option, move your money to a different exchange.
Still, don't keep more on an exchange than you can afford to lose.
As Mtgox, Bitfinex and others have shown, its possible for hackers to get access and make off with coins if the security on a site is not tested and reviewed.
For me even if it has 2FA it is more safe for an investor or trader to hold their available currency into a wallet. I know it would have more fees but is will be safer than actually having all your invested money into a site which is vulnerable to hackers. Also we must know that not all Exchange sites are safe so we really need to pick the best one, which we can trust our money in. And if a site does not give you the option, move your money to a different exchange.
Still, don't keep more on an exchange than you can afford to lose.
As Mtgox, Bitfinex and others have shown, its possible for hackers to get access and make off with coins if the security on a site is not tested and reviewed.
Always use 2FA if a site offers it.
And if a site does not give you the option, move your money to a different exchange.
Still, don't keep more on an exchange than you can afford to lose.
As Mtgox, Bitfinex and others have shown, its possible for hackers to get access and make off with coins if the security on a site is not tested and reviewed.
For me even if it has 2FA it is more safe for an investor or trader to hold their available currency into a wallet. I know it would have more fees but is will be safer than actually having all your invested money into a site which is vulnerable to hackers. Also we must know that not all Exchange sites are safe so we really need to pick the best one, which we can trust our money in. And if a site does not give you the option, move your money to a different exchange.
Still, don't keep more on an exchange than you can afford to lose.
As Mtgox, Bitfinex and others have shown, its possible for hackers to get access and make off with coins if the security on a site is not tested and reviewed.
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