Pages:
Author

Topic: NEver keep all your coins on an exchange - page 32. (Read 25795 times)

hero member
Activity: 714
Merit: 500
I always make it a habit that each time I buy some bitcoins, I transfer it right away to my blockchain wallet. I leave a few and very small amount on my exchange for little things that I have to spend on like cellphone load credits and payment for utility bills.
member
Activity: 70
Merit: 10
I don't really have any coins just yet except those that I have earned from faucets but they aren't even enough to be transferred from wallet to wallet.
I'm just going to have to be patient and wait for my rank to go up and hopefully, join a signature campaign so I can earn bitcoins.
hero member
Activity: 742
Merit: 500
All right because always the pc wallet with its private key would be the safest way to store the bitcoins and it's more secure as well. We can't trust exchangers forever even if they seem to be trusted nowadays
hero member
Activity: 532
Merit: 500
Its true, never keep too many coins on your exchanger website, a lot of people being scam by exchanger lately, so this is a really good suggestion to follow, if possible just store your coin in trusted wallet provider
yeah I think your idea is good too. But what if someone wants to sell their bitcoin in large quantities in the exchange?
I do not think the problem of storing bitcoin on the exchange. but do not use the exchange as a long-term wallet
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
I agree with this  many exchanger cannot be trusted my friend already send coin to other exchange but there is no coin receiving in her wallet,  Angry always take care when you send your coin to other exchanges.
every place is always having some risky even you save it into your wallet and no one knows about this it's can't get rid of the dangerous. But to believe with 3rd parties to saving your coin it's not recommended you can get a big deal with this; maybe you can lose your coin at any time. But risks can come from anywhere.
hero member
Activity: 770
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
I agree with this  many exchanger cannot be trusted my friend already send coin to other exchange but there is no coin receiving in her wallet,  Angry always take care when you send your coin to other exchanges.
thats true, there were a lot of exchanges that went down in the past so i would be really careful about holding my funds in them in order not to get scammed by the owners

i never keep any of my bitcoins or any other altcoins on exchanges because i know that they might scam me any time and i dont want for this to happen and lose my money
full member
Activity: 168
Merit: 100
I agree with this  many exchanger cannot be trusted my friend already send coin to other exchange but there is no coin receiving in her wallet,  Angry always take care when you send your coin to other exchanges.
full member
Activity: 167
Merit: 100
I think some users find convenience and simplicity in keeping coins in an exchange. All you need to remember is your login and password regardless of the device you are using. However, wallets are becoming easier and easier to use, so there really won't be an excuse soon to have all of your coins in an exchange. Wallets are even mobile friendly now.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
If you are a trader you have no choice but to keep bitcoin on an exchange. Best you can do is spread your trading over several exchanges.
That's right if you are a trader you can't avoid keeping some coins on exchanges because if you don't keep few amount of your coins there is a chance to miss a opportunity like huge down of the altcoin that your observing for a few days. So it's one of the advantage if we put some coins on an exchangers site because we can grab the opportunity fast.
legendary
Activity: 1666
Merit: 1001
Its true, never keep too many coins on your exchanger website, a lot of people being scam by exchanger lately, so this is a really good suggestion to follow, if possible just store your coin in trusted wallet provider
full member
Activity: 124
Merit: 100
Gox
Cryptsy..

If you have most of your coins in Bitfinex.. there will be little mercy when they disappear.

why you think bitfinex could turn in scam?
but by the way , if you don't have your priv key (and you and only you) your coins are not "safe" Cheesy
newbie
Activity: 36
Merit: 0
yeah never keep btc on any exchange wallet site. they are very risky and at previous many ppls face scammed there.. and wish keep your bank account like PM,blockchain or payza ,pp better Cheesy
legendary
Activity: 1008
Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
Is no one working on a decentralised exchange that wors kind of like bitcoin or open bazaar where you can run a client on your side and then there would be no way that your coins could get stolen since there would be no owner? I thought i heard talkof this a few months ago? has anyone heard anything else on this?
sr. member
Activity: 434
Merit: 250
★Bitvest.io★ Play Plinko or Invest!
I never trust my coins on an exchange.

I will move a couple coins specifically to sell / buy at certain levels but as soon as im done making
the trade I move the money back to my wallet right away.

I guess if you day trade its pretty stressful
legendary
Activity: 994
Merit: 1000
Wallets are also not completely safe...yes we should keep them in wallet but activating srcurity of wallet is important too...like enabling 2fa in the wallet..so prevent out coins from any hack ..and increasse the security
This will also be not enough to secure the coins, better to have all coins in a paper wallet which stored in offline places.
newbie
Activity: 56
Merit: 0
Wallets are also not completely safe...yes we should keep them in wallet but activating srcurity of wallet is important too...like enabling 2fa in the wallet..so prevent out coins from any hack ..and increasse the security
hero member
Activity: 2954
Merit: 533
Leading Crypto Sports Betting & Casino Platform
Now that is happen again i guess most of traders wont gonna keep all their btc in exchange site now eventhough sites are trusted.
Is too risky to keep all of their BTC in exchange sites because any circumstances it's can happen for exchange sites. but I think all of the people is smart for now to keep their bitcoin in the private or offline wallet. but sometimes I find people who having a problem with this too. but I appreciate about this topics.
hero member
Activity: 924
Merit: 500
I do agreed that we must not keep all our coins in any exchange...  For us to avoid a victim of scammer, And this is also for a security of our coins to. Cheesy
hero member
Activity: 518
Merit: 500
exchanger is markets not wallet, always there are risk on Investment and save coins on offline wallet too. we must becareful.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
you should never keep any coins anywhere online. it is not just about exchanges, it is a general rule that when you don't have access to the private keys then it means you are trusting another person (exchanger, online wallet,...) to keep your money for you and don't betray you!

and history has already proven that you can never trust any of these services fully.

the solution would be to withdraw your coins/money right away and also spreading it between a couple of exchanges may help reduce the risk since they will not disappear all together Smiley
Pages:
Jump to: