Topic: NEver keep all your coins on an exchange - page 33. (Read 25791 times)
I do not trust any of these f#$% exchanges at the moment. You go there and dump a lot of coins to trade and then you trust them to keep it safe. Most of them are not even audited and the people working there have no background security checks been done to see if they had a criminal record.
We are no talking about banks and high security financial institutions here, in many cases these are just young startups with 10 or 20 people working in a few small offices. ^hmmmm^
We are no talking about banks and high security financial institutions here, in many cases these are just young startups with 10 or 20 people working in a few small offices. ^hmmmm^
It is well said to never keep all your coins in an exchange. Exchange or trading platforms may disappear anytime since it is online so it is better to keep your btc at your wallet if you are not engaging on trading. Sometimes exchange sites faces problems like server problems and you cannot withdraw or release your btc, problems like this are possible and may arise and it will be bad if you are in need of bitcoins. But theres no need to worry if you only have a small investment.
Now that is happen again i guess most of traders wont gonna keep all their btc in exchange site now eventhough sites are trusted.
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.
yeah of course, moreover, largely exchangers do not have clear regulations do not even have. if they disappear of course all the coin you are also missing. hehe
I guess that most of these guys do not want to wait through the blockchain download
i use software wallets for a lot, like electrum, where the wallet is in your control, but the heavy lifting is done online
i use software wallets for a lot, like electrum, where the wallet is in your control, but the heavy lifting is done online
Indeed, the fact is that I think these people are thinking its just safe but saving them on a exchange is just not smart at all, its even very stupid..
i use them on occasion for small things where i want to store some coins and grab them up from another location, but that is usually less than an hour or so
I guess that most of these guys do not want to wait through the blockchain download
i use software wallets for a lot, like electrum, where the wallet is in your control, but the heavy lifting is done online
i use software wallets for a lot, like electrum, where the wallet is in your control, but the heavy lifting is done online
Indeed, the fact is that I think these people are thinking its just safe but saving them on a exchange is just not smart at all, its even very stupid..
When Cryptsy problems started I was just on time paying out all mine funds. It reminded me never hold big amounts of crypto on any exchange. Besides hackers who can steal from you the exchanges are also a big risk themselves.
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.
BTC e ist broke!!!!!!!!!!!!!!!!!!!!!!!
The support doesnt work !!!!! They dont answering already !!!!
they took me 3 coins away!!!!!!!!
Not confirmed transactions:
+1 BTC - 0 confirmations - 12.06.16 11:06
364da820cd08ee7e174ec1715a8812104de3a118ddbf8cda4b7908661fafdbdd
+1.99951961 BTC - 0 confirmations - 16.06.16 21:20
cd966d259a1c6ff6f616dbd043b369c0b56c2edd842a396f9dd0a2408e08cfe2
You need 3 confirms(i think) on your tx before it's credited to your account.The support doesnt work !!!!! They dont answering already !!!!
they took me 3 coins away!!!!!!!!
Not confirmed transactions:
+1 BTC - 0 confirmations - 12.06.16 11:06
364da820cd08ee7e174ec1715a8812104de3a118ddbf8cda4b7908661fafdbdd
+1.99951961 BTC - 0 confirmations - 16.06.16 21:20
cd966d259a1c6ff6f616dbd043b369c0b56c2edd842a396f9dd0a2408e08cfe2
i always withdraw my bitcoins after i'm done trading.
I guess that most of these guys do not want to wait through the blockchain download
i use software wallets for a lot, like electrum, where the wallet is in your control, but the heavy lifting is done online
i use software wallets for a lot, like electrum, where the wallet is in your control, but the heavy lifting is done online
BTC e ist broke!!!!!!!!!!!!!!!!!!!!!!!
The support doesnt work !!!!! They dont answering already !!!!
they took me 3 coins away!!!!!!!!
Not confirmed transactions:
+1 BTC - 0 confirmations - 12.06.16 11:06
364da820cd08ee7e174ec1715a8812104de3a118ddbf8cda4b7908661fafdbdd
+1.99951961 BTC - 0 confirmations - 16.06.16 21:20
cd966d259a1c6ff6f616dbd043b369c0b56c2edd842a396f9dd0a2408e08cfe2
The support doesnt work !!!!! They dont answering already !!!!
they took me 3 coins away!!!!!!!!
Not confirmed transactions:
+1 BTC - 0 confirmations - 12.06.16 11:06
364da820cd08ee7e174ec1715a8812104de3a118ddbf8cda4b7908661fafdbdd
+1.99951961 BTC - 0 confirmations - 16.06.16 21:20
cd966d259a1c6ff6f616dbd043b369c0b56c2edd842a396f9dd0a2408e08cfe2
I have aboutxxx amount of bitcoin in the exchanges. I do some trading. After trading, I will withdraw most of them.
Exactly. If you are a bitcoin holder, hold them in your core wallet installed in your own pc. That's the best option. If that's too heavy for your system, use electrum. If you don't trust electrum, use paper wallet. Exchanges come and go. You never know which one will be goxed next.
I also don't recommend to store all of your coins in exchangers, if you like to store better you spread all your coins to 3-4 most trusted exchager because even if one exchanger go off you will not loss much of your bankroll.
I lost some coin on MtGox so I can only second this. I have high hopes for bitsquare to emerge as a real decentralised exchange option.
Always is a good time to withdraw from exchanges and online wallets, some users need to know that they own its bitcoins only if they have the private key. Exchanges and online wallets aren't enough safe to keep your money.
Yea better to don't stay all your coins in one places just spread it in legit trading site so that if one site is collapse like bitfinex you are not worry if you are holding there a low amount and don't lose hope that bitfinex will be gone..
And lets hope that it will not the same as cryptsy.
And lets hope that it will not the same as cryptsy.
It's good to remind people of this now and then as some may have missed this, especially those new to Bitcoin and not realise the actual risks of holding coins on an exchange.
People are just not aware of all the risks that exchangers are exposed to. They are not good informed about security issues and that they could easily lose their coins. It's always good to split coins in the different wallets, cold and cloud wallet, and leave at the exchangers just the minimal amount that you use for trading or other purpose.
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