Topic: Reminder Everyone: If You Don't Have The Keys, Then It's Not Your Crypto - page 3. (Read 603 times)

That is very strange if you lost your money without any making any withdrawals, so it's not a hack either. And the only one that can answer to you is your exchange. I do agree that you 'not your keys, not your coins', philosophy, but it's not even that safe anymore. You should also learn how to protect your private keys, not just mere having them.

Are you sure the local exchange you are using is old and legit or just a new one and proclaiming that they are legit? Because that most probably be the root of your problem. The point you told us that there is no trace of transaction in the history makes me thought already that it is sort of inside job. That was very unusual.

Once you get your money back (hopefully), the best thing to do is to withdraw it once and for all and then shift into bigger reputable exchanges like Binance in order to avoid this instance. God bless you .

Unfortunately if you're doing trading, you have no choice but to actually leave some coins on exchanges so in some cases people have no choice. In your case though? It seems to be the case of using a shitty exchange more than anything. Have you tried contacting customer support?

In my opinion, you can not just blame this on exchanges, men must trade also. You need to let us know the name of the exchange. Normally, without private key, then the bitcoin is not directly ours and not our own on bitcoin blockchain. That is why it is very good to use a very reputed, trustworthy, reliable and a very safe exchange, trading is not easy or nearly impossible on wallets, that is why people prefer to use exchanges to trade.

Binance Dex exchange still provide customers with private keys, which can be a good alternative, but this kind of exchange have low trading volume.

Newbies - Read before using exchanges or investing
Electrum wallet - Update safely and avoid phishing wallets?
How to Safely Download and Verify Electrum
Verifying Bitcoin Core (theymos does not update the topic but you can read to get ideas and steps, then search to do it with newest version).

Those topics can help newbies know why they should choose a good non custodial wallet to use.
[General] Bitcoin Wallets - Which, what, why?
Custodial vs. Non Custodial Wallets - "Not your keys, not your coin" Explained.

Be cautious with blockchain.com wallet if you don't back up your seeds, you can not recover it.

Hi gentlemen of this beloveth forum, I wanna remind you guys to try as much as possible to never leave your bitcoins or any other crypto on an exchange except you are ready to loose them.

I just lost 78.82 usd worth of bitcoins I left on one of our local exchangers here, the exchange was not hacked, nothing happened, i just logged in this morning to discover that my bitcoin are no where to be found, I quickly navigated to the withdrawal history section to see if my account have been hacked and the hacker withdrew it, but surprisingly, there was no new withdrawal history except for the ones I've previously made which the last one was about 3 weeks ago, my bitcoins disappeared just like that.

I thought of withdrawing this coin a day before but decided not to bcus I knew I will be using them soon, so to avoid paying a withdrawal fee and in 2 or 3 days time, pay transaction fee to deposit them again, i decided to leave them there, now they are gone and i cant even trace where or how they went out.

I contacted support and they claim they are investigating the issue but whatever the result turns out to be, i dont have any hope of ever seeing my 78.82 usd in bitcoin again, bcus I think they know the worst am gonna do is stop using their exchange and as well discourage people around me from ever using them.

So the point of this message/post is if you value your coins, always keep them in a wallet you have the keys.