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.
Topic: NEver keep all your coins on an exchange - page 3. (Read 25792 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.
Good thing my local exchange site haven't given me much of a headache. And to begin with, I don't really put a lot in my exchanger except for when I am ready to cash out already. I have seen too many cases of hacking to trust exchanges with too much money. Better to just scatter my bitcoins than risk losing everything. Gox
Cryptsy..
If you have most of your coins in Bitfinex.. there will be little mercy when they disappear.
ya , i agree, i usually save my coin in local wallet i think this is more safe Cryptsy..
If you have most of your coins in Bitfinex.. there will be little mercy when they disappear.
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.
The exchange itself may don't run away with the bitcoins, but there are other people who are always looking for chances to attack those websites which has huge numbers of bitcoin and they are always trying for that, if any of them get success then all of the coins are gone, that is why keeping coins in a exchange is never recommended.
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.
Gox
Cryptsy..
If you have most of your coins in Bitfinex.. there will be little mercy when they disappear.
yes , don't save all coin in one place. will will be better if you save in local too Cryptsy..
If you have most of your coins in Bitfinex.. there will be little mercy when they disappear.
I had learnt a bad lesson from trading and exchange sites. I had thought that they were legit but they ran away like cloud mining sites with no mercy. I am very much depressed because $100 matters alot for me which is equivalent to my heart and i cant afford to gather that much amount of money again.
I guess you were unlucky. Whenever a website runs away, they say that they got hacked. You'd be the judge if you're going to believe that or not. These days you don't know the intention of a website. They might be giving you a good service right now but exchange sites and trading sites is the number one target of hackers because they hold a lot of coins. Just deposit your money in an exchange site if you're going to use their service. Otherwise, just keep your coins in your wallet.Your advice is good for user that want only to convert their money to other currencies.but it not applicable for the trader. They need to store they btc on exchange site so that they can buy/sell their coins on the price that they want. The transaction is also a factor to be considered so that you can avoid multiple extra charges
I think never keep all your bitcoin anywhere not just an exchange. What of something happens ? Things always happen. Rather split your bitcoin across a few of your own wallets and a few investments. Keep minimum a mounts in exchanges.
Omw thing people forget is they look st their bitcoin balance but neglect to remember their altcoins have great value too so their altcoins sit in the exchange too and that is not good either.
Omw thing people forget is they look st their bitcoin balance but neglect to remember their altcoins have great value too so their altcoins sit in the exchange too and that is not good either.
never keep ANY coins in an exchange. this is the true advice here.
after what happen lately with bitfinex I learned that lesson. nothing is secure as a wallet to store my coins at.
i will do the same i always withdrew my profit every time i earned from exchange website keeping them in exchange is too risky for me one thing is just like what happened on one exchange website that hacked recently. I learned from there security is just an illusion so better to withdraw than to keep.after what happen lately with bitfinex I learned that lesson. nothing is secure as a wallet to store my coins at.
Its quite confusing on how did your bitcoins becomes missing if you are just storing it onto your very own online wallet like blockchain.
Your bitcoins won't be missing unless you did some transactions or as you transact you are charged with some miners fee.
Because there is nothing will happen to your bitcoins if that is just sleeping into your wallet in an exchange site unless they were hacked.
I had learnt a bad lesson from trading and exchange sites. I had thought that they were legit but they ran away like cloud mining sites with no mercy. I am very much depressed because $100 matters alot for me which is equivalent to my heart and i cant afford to gather that much amount of money again.
I guess you were unlucky. Whenever a website runs away, they say that they got hacked. You'd be the judge if you're going to believe that or not. These days you don't know the intention of a website. They might be giving you a good service right now but exchange sites and trading sites is the number one target of hackers because they hold a lot of coins. Just deposit your money in an exchange site if you're going to use their service. Otherwise, just keep your coins in your wallet.Your advice is good for user that want only to convert their money to other currencies.but it not applicable for the trader. They need to store they btc on exchange site so that they can buy/sell their coins on the price that they want. The transaction is also a factor to be considered so that you can avoid multiple extra charges
I had learnt a bad lesson from trading and exchange sites. I had thought that they were legit but they ran away like cloud mining sites with no mercy. I am very much depressed because $100 matters alot for me which is equivalent to my heart and i cant afford to gather that much amount of money again.
I guess you were unlucky. Whenever a website runs away, they say that they got hacked. You'd be the judge if you're going to believe that or not. These days you don't know the intention of a website. They might be giving you a good service right now but exchange sites and trading sites is the number one target of hackers because they hold a lot of coins. Just deposit your money in an exchange site if you're going to use their service. Otherwise, just keep your coins in your wallet.Your advice is good for user that want only to convert their money to other currencies.but it not applicable for the trader. They need to store they btc on exchange site so that they can buy/sell their coins on the price that they want. The transaction is also a factor to be considered so that you can avoid multiple extra charges
I had learnt a bad lesson from trading and exchange sites. I had thought that they were legit but they ran away like cloud mining sites with no mercy. I am very much depressed because $100 matters alot for me which is equivalent to my heart and i cant afford to gather that much amount of money again.
I guess you were unlucky. Whenever a website runs away, they say that they got hacked. You'd be the judge if you're going to believe that or not. These days you don't know the intention of a website. They might be giving you a good service right now but exchange sites and trading sites is the number one target of hackers because they hold a lot of coins. Just deposit your money in an exchange site if you're going to use their service. Otherwise, just keep your coins in your 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.
Wow! really? how? did you got scammed on that bitfinex? how can it be true thought that web site has the proper validation and you can report that but i want to ask you a question what if that bitfinix will disappear them what happened to your bitcoins? and how will you gain it back from the website? i really want to know because if that happens to me i will know what to do but still its very hard to take that bitcoin you have been earning you might end up poor for all i can say but still its not easy to find the bitcoin i really want to know how you can take them back if bitcoin in that wallet will be gone or disappear for good and i how will i manage to get my bitcoin in that wallet? teach me how please
If you don't remember that someone are telling that staff of bitfinex say that they will give a token for those who are affected..
So if you are invested before there and you are the affected one i think you did not receive your own token.. but i do not know if who receive token got their what they want to get..
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.
Wow! really? how? did you got scammed on that bitfinex? how can it be true thought that web site has the proper validation and you can report that but i want to ask you a question what if that bitfinix will disappear them what happened to your bitcoins? and how will you gain it back from the website? i really want to know because if that happens to me i will know what to do but still its very hard to take that bitcoin you have been earning you might end up poor for all i can say but still its not easy to find the bitcoin i really want to know how you can take them back if bitcoin in that wallet will be gone or disappear for good and i how will i manage to get my bitcoin in that wallet? teach me how please
I had learnt a bad lesson from trading and exchange sites. I had thought that they were legit but they ran away like cloud mining sites with no mercy. I am very much depressed because $100 matters alot for me which is equivalent to my heart and i cant afford to gather that much amount of money again.
yes, never keep your coins in an exchange. because anytime a site might get hacked. or maybe the owner might run and take all the funds. i strongly suggest too that you must only invest what you can afford to lose. never invest all of your money. you might lose it all.
regards.
yes that is right we have a live example of bitfinex, when it hacked, it really effect the price of bitcoin too much, but luckily bitcoin recover its position very soon, we should invest our money in such exchange that we can think are more reliable and trusted exchange. regards.
You can save your coins in exchanges but remember the chance of it get hacked, it will be better if you just divide them into some wallet too so you won't lose all of your savings.
Whatever you put that could reach by online network are vulnerable to hack, I recommend to use offline/cold wallet to saving your bitcoin, it would be safer but take care and don't lose it.
never keep ANY coins in an exchange. this is the true advice here.
after what happen lately with bitfinex I learned that lesson. nothing is secure as a wallet to store my coins at.
i will do the same i always withdrew my profit every time i earned from exchange website keeping them in exchange is too risky for me one thing is just like what happened on one exchange website that hacked recently. I learned from there security is just an illusion so better to withdraw than to keep.after what happen lately with bitfinex I learned that lesson. nothing is secure as a wallet to store my coins at.
never keep ANY coins in an exchange. this is the true advice here.
after what happen lately with bitfinex I learned that lesson. nothing is secure as a wallet to store my coins at.
i will do the same i always withdrew my profit every time i earned from exchange website keeping them in exchange is too risky for me one thing is just like what happened on one exchange website that hacked recently. I learned from there security is just an illusion so better to withdraw than to keep. after what happen lately with bitfinex I learned that lesson. nothing is secure as a wallet to store my coins at.
yes, never keep your coins in an exchange. because anytime a site might get hacked. or maybe the owner might run and take all the funds. i strongly suggest too that you must only invest what you can afford to lose. never invest all of your money. you might lose it all.
regards.
yes that is right we have a live example of bitfinex, when it hacked, it really effect the price of bitcoin too mush, but luckily bitcoin recover its position very soon, we should invest our money in such exchange that we can think are more reliable and trusted exchange. regards.
I guess no matter how much u tell them not to keep ur coins .but some people will go on doing it again and again .i have even told my friend not to do this but he keeps on doing no matter ..some people just dont change .kudoos 
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