Topic: NEver keep all your coins on an exchange - page 4. (Read 25792 times)
I have to say I'm pretty reckless regarding that; still have all my crypto on an online exchange. OK, I'm talking about a small amount equal to around $250 and have already cashed out my initial stake. I'll probably get more strict in this matter once I approach $1000 or so worth in crypto. A friend of mine struggled to pull out several BTC from Cryptsy a while back; it appeared he aged several years in a timespan of a week ... ?
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.
regards.
You can invest all your money, just choose a lot of different investments and you will have less risks.
For example, if an exchange got hacked and you lose part or all your investment there, you will have others sources of earning that can cover that loss.
What you said is always good as it is clear the what ever type or reputed exchange it may be when they get problem no one can help it, so when ever if you want to trade you can deposit and trade if not just withdraw and keep safely in your hardware wallet dont see that transaction charges are going but see the safety
Correct much better to have more bitcoin exchage site than only one because if you put all your money in one investment it will includes higher risk because you do not have back up if something bad happen come to the exchange.
Look at the lowest volume coins that still have dev's and buy them. If the dev is inactive then dont buy.
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.
regards.
You can invest all your money, just choose a lot of different investments and you will have less risks.
For example, if an exchange got hacked and you lose part or all your investment there, you will have others sources of earning that can cover that loss.
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.
regards.
If the wallets providers does wanna or had some big plans to take control over their costumers balances they would had done those already, they charge fees from their services, and with that they able to keep their company alive. But we do saw what may happen if we do relax and trust too much into some exchange.
yes its true but for keep saving our coins, better to not keep all our coins in one exchange, the other suggestion is we use offline wallet and run it in our pc so there are small chance for being hacked by any one but its still not safe 100%, at least we can reduce the possibility for being hacked.
~
Exchange sites are into business and no matter what the price of the coins listed they are continuously making profit as long as they are operating, reputation do matters to them therefore they strengthen their security but since it was an exchange sites the eyes of the hackers are focus on them especially if you belong to the bigger sites. Hence, it is advisable to spread you deposits.
Exchange sites are into business and no matter what the price of the coins listed they are continuously making profit as long as they are operating, reputation do matters to them therefore they strengthen their security but since it was an exchange sites the eyes of the hackers are focus on them especially if you belong to the bigger sites. Hence, it is advisable to spread you deposits.
it is worth knowing that not all the "hacks" were real hacks but a scam by these exchanges to hide the fact that they stole money from their users.
yes they are making money continuously based on the fees they get but if they do a fake hack they can get 120K bitcoin in a blinking of an eye!
I never expect anyone to even keep all your resources in a particular source even in real world not to talk of exchange sites which is even more prone to attacks in the crypto-world and because you're responsible for your loss when this happen more reason why one should not even think of putting all his funds in an exchange site. Its even safer to keep in wallets than exchange sites. History should not be forgotten so soon..
I really dont understand why some people would really keep their bitcoins on an exchange wallet , infact we already faced previous problems on exchange hacks and people should really be aware on those situations that might possibly happen again on these days. No one knows, Better to store up on a pc wallet or hardware wallets especially to those who hold bulks of bitcoin.
so you just keep it to trade it later without anticipate the worst scheme
like what happened to mt gox , cryptsy and recently bitfinex
i don't know if all of them really hacked or just want to cover up their bad evil plan.
Truth is that we will never know what happened to some exchanges, if it was an inside job or a real hack anyway the difference between banks and exchanges are one: banks charge a tax every month and don't will charge you if they got robbed and exchanges don't charge this however they will put a knife on your chest when they got hacked.
That's 2 way to the same end.
however with those 'hack accident' claim , more than enough for us to be more careful
online business alwaysbe like that , full of risk
that was a consequence but not worth it i guess if another exchange keep repeating the same 'hack accident'.
I never expect anyone to even keep all your resources in a particular source even in real world not to talk of exchange sites which is even more prone to attacks in the crypto-world and because you're responsible for your loss when this happen more reason why one should not even think of putting all his funds in an exchange site. Its even safer to keep in wallets than exchange sites. History should not be forgotten so soon..
I really dont understand why some people would really keep their bitcoins on an exchange wallet , infact we already faced previous problems on exchange hacks and people should really be aware on those situations that might possibly happen again on these days. No one knows, Better to store up on a pc wallet or hardware wallets especially to those who hold bulks of bitcoin.
so you just keep it to trade it later without anticipate the worst scheme
like what happened to mt gox , cryptsy and recently bitfinex
i don't know if all of them really hacked or just want to cover up their bad evil plan.
Truth is that we will never know what happened to some exchanges, if it was an inside job or a real hack anyway the difference between banks and exchanges are one: banks charge a tax every month and don't will charge you if they got robbed and exchanges don't charge this however they will put a knife on your chest when they got hacked.
That's 2 way to the same end.
however with those 'hack accident' claim , more than enough for us to be more careful
online business alwaysbe like that , full of risk
that was a consequence but not worth it i guess if another exchange keep repeating the same 'hack accident'.
If the wallets providers does wanna or had some big plans to take control over their costumers balances they would had done those already, they charge fees from their services, and with that they able to keep their company alive. But we do saw what may happen if we do relax and trust too much into some exchange.
I agree with you.one better never keep his coins on any exchange and never keep his coins on third parties.
because you will never know what their plan
so one shoud keep his coins on private wallet and secure wallet
because you will never know what their plan
so one shoud keep his coins on private wallet and secure wallet
Gox
Cryptsy..
If you have most of your coins in Bitfinex.. there will be little mercy when they disappear.
i think don't save all your money to bitfinex.. save half in local wallet will safer Cryptsy..
If you have most of your coins in Bitfinex.. there will be little mercy when they disappear.
Never keep ANY coin on ANY exchange.
Fixed.
Please people, learn to put your coins in your own local wallets where you control the private keys, never have coins in exchanges. How many times this has to be said? I guess some people never learn.
yes i agree , i think local wallet safer .. Fixed.
Please people, learn to put your coins in your own local wallets where you control the private keys, never have coins in exchanges. How many times this has to be said? I guess some people never learn.
I think that's true, we have to store our bitcoin in the safest wallet and the online and exchanger wallets aren't really secured enough , so it's surely better to dont keep all our coins on this exchanges
If you use an exchange, only put in it what you want to use for trading. Don't store any coins on an exchange. I made that mistake with cryptsy.
yeah agree with you you must know the destination site of exchange is to trade, so use the exchange to trade not to keep or save all of your bitcoin dude, if you want to store in exchange, keep bitcoin according to the amount that would be you traded
This technology is still evolving, so we can expect lots of dust in the air from time to time. To that effect, our best bet would be to take precautionary posture at all times and this is not just about exchanges only, but the virtually every company we have to send our coins to. As a matter of fact, there seems to be more scammers lurking in the cryptocurrency world than does that of fiat.
Gox
Cryptsy..
If you have most of your coins in Bitfinex.. there will be little mercy when they disappear.
Yeah I am agree, exchange site is different with wallet. An exchange site can bankrupt, then if it happend we will lost our money. Thats my oppinion. Cryptsy..
If you have most of your coins in Bitfinex.. there will be little mercy when they disappear.
I never expect anyone to even keep all your resources in a particular source even in real world not to talk of exchange sites which is even more prone to attacks in the crypto-world and because you're responsible for your loss when this happen more reason why one should not even think of putting all his funds in an exchange site. Its even safer to keep in wallets than exchange sites. History should not be forgotten so soon..
I really dont understand why some people would really keep their bitcoins on an exchange wallet , infact we already faced previous problems on exchange hacks and people should really be aware on those situations that might possibly happen again on these days. No one knows, Better to store up on a pc wallet or hardware wallets especially to those who hold bulks of bitcoin.
so you just keep it to trade it later without anticipate the worst scheme
like what happened to mt gox , cryptsy and recently bitfinex
i don't know if all of them really hacked or just want to cover up their bad evil plan.
Truth is that we will never know what happened to some exchanges, if it was an inside job or a real hack anyway the difference between banks and exchanges are one: banks charge a tax every month and don't will charge you if they got robbed and exchanges don't charge this however they will put a knife on your chest when they got hacked.
That's 2 way to the same end.
I never expect anyone to even keep all your resources in a particular source even in real world not to talk of exchange sites which is even more prone to attacks in the crypto-world and because you're responsible for your loss when this happen more reason why one should not even think of putting all his funds in an exchange site. Its even safer to keep in wallets than exchange sites. History should not be forgotten so soon..
I really dont understand why some people would really keep their bitcoins on an exchange wallet , infact we already faced previous problems on exchange hacks and people should really be aware on those situations that might possibly happen again on these days. No one knows, Better to store up on a pc wallet or hardware wallets especially to those who hold bulks of bitcoin.
so you just keep it to trade it later without anticipate the worst scheme
like what happened to mt gox , cryptsy and recently bitfinex
i don't know if all of them really hacked or just want to cover up their bad evil plan.
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