Reminder: Your coins are vulnerable on exchanges. Keep them in a wallet you own

johnyespapa

member

Activity: 257

Merit: 11

Quote from: Rileygss on April 26, 2018, 06:48:37 AM

No, gemini is not a wallet. No, coinbase is not a wallet. No, bitfinex is not a wallet.
I've been in crypto for years. I've seen many people lose their entire savings from an exchange scam or hacking. IF YOU DON'T CONTROL YOUR PRIVATE KEYS, YOU DON'T CONTROL YOUR BITCOIN.Don't risk losing your money. Get a wallet from here, and transfer your coins to it. Only use exchanges for as long as you need them and take your coins off when you're done.

Many of you are new to bitcoin and are only here for the short term investment. You'll sell as soon as the price gets high enough. Don't risk keeping your coins on an exchange in the mean time. With the high price, the incentive to hack an exchange is higher than ever. Transfer to a wallet you control then back to an exchange when your ready to sell.

Happy bitcoining!

Well let me tell you this,but it seems you are mistakenly put many years instead of many days.You have been here for about 2months and a half which is why you are still new to this forum.Though i am not telling you that you arent telling the truth the fact that this post was posted here for several times it is much better than spamming the whole forum with non-sense.Exchanges are restricted people from mistakenly using their wallets to store bit amount of bitcoin as they are more prone from these hacks.

gabmen

hero member

Activity: 1246

Merit: 529

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Quote from: Rileygss on April 26, 2018, 06:48:37 AM

No, gemini is not a wallet. No, coinbase is not a wallet. No, bitfinex is not a wallet.
I've been in crypto for years. I've seen many people lose their entire savings from an exchange scam or hacking. IF YOU DON'T CONTROL YOUR PRIVATE KEYS, YOU DON'T CONTROL YOUR BITCOIN.Don't risk losing your money. Get a wallet from here, and transfer your coins to it. Only use exchanges for as long as you need them and take your coins off when you're done.

Many of you are new to bitcoin and are only here for the short term investment. You'll sell as soon as the price gets high enough. Don't risk keeping your coins on an exchange in the mean time. With the high price, the incentive to hack an exchange is higher than ever. Transfer to a wallet you control then back to an exchange when your ready to sell.

Happy bitcoining!

Well the only time really that you're secure is if you keep your btcs in a hard wallet. So if you have a big amount of coins in assets, then it won't hurt to invest in a hard wallet. With what happened to myetherwallet, i don't really trust anything less than a hard wallet

Rileygss

newbie

Activity: 71

Merit: 0

No, gemini is not a wallet. No, coinbase is not a wallet. No, bitfinex is not a wallet.
I've been in crypto for years. I've seen many people lose their entire savings from an exchange scam or hacking. IF YOU DON'T CONTROL YOUR PRIVATE KEYS, YOU DON'T CONTROL YOUR BITCOIN.Don't risk losing your money. Get a wallet from here, and transfer your coins to it. Only use exchanges for as long as you need them and take your coins off when you're done.

Many of you are new to bitcoin and are only here for the short term investment. You'll sell as soon as the price gets high enough. Don't risk keeping your coins on an exchange in the mean time. With the high price, the incentive to hack an exchange is higher than ever. Transfer to a wallet you control then back to an exchange when your ready to sell.

Happy bitcoining!

Topic: Reminder: Your coins are vulnerable on exchanges. Keep them in a wallet you own (Read 140 times)