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Topic: The reason why you need to store your money in your hands! - page 2. (Read 918 times)

legendary
Activity: 2100
Merit: 1058
Honestly, it is a very risky thing to do both, if you hold it online and in some exchanges wallet for example, you can lose it when exchange gets "hacked" or basically does an exit scam which they do pretty frequently in crypto world.

However, if you do not want to put your money into someone else hand then you are risking to lose all your money yourself as well. You can put it on your computer and your computer could broke down, you could put it on usb and you can lose it, you can have a hardware wallet and lose that as well, basically you can do whatever you want that keeps your money with you and I can find a way to get that money lost as well. So whatever you do, there is always a risk of your money being stolen or you just can't find where it is at all times.
sr. member
Activity: 1680
Merit: 288
Eloncoin.org - Mars, here we come!
The question now do we have traders in Binance that experienced all of these, this is not right, they cannot just freeze accounts just like that without strong valid proof that the Bitcoin they send are dirty Bitcoin, in the past, they have some accounts limited, because of some questionable deposit, but if these are legit traders who do not know about this, this is really bad, for traders.
if this case develops, there must be a lot of threads appearing now, especially on reddit, but I don't think so.

only a few accounts violate the rules in the singapore binance branch i guess, and even then related to the alleged use of money laundering services, it's a bit confusing but they forbid some services that aim for privacy of assets. so no account is frozen for no reason that violates certain conditions.
hero member
Activity: 1260
Merit: 607
Leading Crypto Sports Betting & Casino Platform
Yeap,its true(universal truth).without key coin is not yours.Exchanger always Risky to hold.if you don't own private key you don’t own the coin.I think exchangers and banks are same.Because exchanger and bank both can hold your money. So it’s Better to own key and hold coin others you can face horrible situation.               

Putting in exchanges is really risky, that's why I do is when I know I will not be active in trading I remove it in exchanges and put it my hardware wallet or transfer in my mobile wallet so I can monitor it. Exchanges are prone to attackers of hacking or scamming so we need to be careful but we also need to risk in them sometimes to grow our money. Banks are no opportunity there is now way to earn from them unlike in exchanges when you know how to trade.
full member
Activity: 896
Merit: 100
Yeap,its true(universal truth).without key coin is not yours.Exchanger always Risky to hold.if you don't own private key you don’t own the coin.I think exchangers and banks are same.Because exchanger and bank both can hold your money. So it’s Better to own key and hold coin others you can face horrible situation.               
but I still always hesitate with the exchange because I feel the risk of loss continues to haunt me. I am more comfortable with a personal wallet to store assets even though the risk is still there. but for daily trading, I always leave my money in exchange for buying money assets.
full member
Activity: 2324
Merit: 175
It is reported that exchanges began to freeze accounts for having been on the accounts of a "dirty" Bitcoin. Moreover, we are talking about Binance and about the Bitcoin, which was there 5 months ago. Sad Thus, exchanges can freeze any amount of funds in order to cover cash gaps simply by tinkering with their user's transaction history. If suddenly a user once bought from someone a “dirty” BTC on OTC, send it on the exchange and then conducted operations with other BTC there for a long time, then at one moment he can get a ban and the exchange can don't give him money as much time Exchange wants.  Embarrassed I think it can affect everyone. so I share this info with you guys because I recommend you hold your money ONLY in your own wallets! so be careful and Happy New Year!

The question now do we have traders in Binance that experienced all of these, this is not right, they cannot just freeze accounts just like that without strong valid proof that the Bitcoin they send are dirty Bitcoin, in the past, they have some accounts limited, because of some questionable deposit, but if these are legit traders who do not know about this, this is really bad, for traders.
sr. member
Activity: 1064
Merit: 265
Vave.com - Crypto Casino
Yeap,its true(universal truth).without key coin is not yours.Exchanger always Risky to hold.if you don't own private key you don’t own the coin.I think exchangers and banks are same.Because exchanger and bank both can hold your money. So it’s Better to own key and hold coin others you can face horrible situation.               
hero member
Activity: 1582
Merit: 523
Things are taking different turn in crypto space now, very soon there will be no need to move your coins out of your wallet to any exchange for trading, it will be done in your wallet, few wallet support this but the exchanges are swap like changelly
Better not to store coins in an exchange for the security purposes. Even you have your coins that support swap changelly never store a big amount of btc. There an instance wallet may hack so let us be careful holding our money. In the exchange we cannot control our funds so having a wallet we have access on it is good.
sr. member
Activity: 1260
Merit: 315
www.Artemis.co
Our biggest mistake starts here: using centralized exchanges in the decentralized system.
Yeah me in personal never giving away or even tell anybody in my circle (friends, family, etc) about the cryptocurrency that i possesed because there are so many things will happen if it's all about money. So we better keep ourself and place our wallet in a safe area that we are the only one that can access it.
In terms of safety you may be right but think about the other side. If you die in an accident, will not there be someone to access your wallet. The funds you have collected for years will be buried with you. Think about it without wasting time and teach everything to the person you trust.
That is the only consequence of being too private when it comes to money. I agree with you, telling or teaching someone very dear to you about crypto will be better to at least have someone can benefit what you have when your time comes or when you die. That way, every hardworks you did just to earn your assets won't be put to waste.
hero member
Activity: 1358
Merit: 509
Our biggest mistake starts here: using centralized exchanges in the decentralized system.
Yeah me in personal never giving away or even tell anybody in my circle (friends, family, etc) about the cryptocurrency that i possesed because there are so many things will happen if it's all about money. So we better keep ourself and place our wallet in a safe area that we are the only one that can access it.
In terms of safety you may be right but think about the other side. If you die in an accident, will not there be someone to access your wallet. The funds you have collected for years will be buried with you. Think about it without wasting time and teach everything to the person you trust.
sr. member
Activity: 1022
Merit: 252
Please keep the money in your wallet without giving it to anyone else to keep or borrow, ... this is not safe at all. Everyone must be very careful. You can lose money anytime if not careful.  Angry
That's right, and that's certainly known to everyone in the crypto world, because no one wants to give their assets or wallet keys to others, unless they are really stupid in their thinking.

Yeah me in personal never giving away or even tell anybody in my circle (friends, family, etc) about the cryptocurrency that i possesed because there are so many things will happen if it's all about money. So we better keep ourself and place our wallet in a safe area that we are the only one that can access it.
full member
Activity: 826
Merit: 100
Please keep the money in your wallet without giving it to anyone else to keep or borrow, ... this is not safe at all. Everyone must be very careful. You can lose money anytime if not careful.  Angry
That's right, and that's certainly known to everyone in the crypto world, because no one wants to give their assets or wallet keys to others, unless they are really stupid in their thinking.
full member
Activity: 1526
Merit: 111
Pepemo.vip
If you want to save your money in hands you need to stay with the fiat currency usage alone.
At the same you are in Cryptocurrencies means you can go with the online mode payment and internet usage only buddy. If we want to save money and we can go with crypto payment.
actually the convenience that has been provided by crypto very much helps with the ease of the transaction. but it must be remembered also that not all countries can accept it because of the limitations of the internet network, so there are still obstacles that cannot be resolved and it takes time for that. so the use of fiat is still very widely used.
Besides being unable to reach all regions, many governments from various countries have not been able to legalize cryptocurrency for various reasons, such as money laundering, terrorism, drug possession, etc.
member
Activity: 406
Merit: 14
Things are taking different turn in crypto space now, very soon there will be no need to move your coins out of your wallet to any exchange for trading, it will be done in your wallet, few wallet support this but the exchanges are swap like changelly
legendary
Activity: 2464
Merit: 1102
It is reported that exchanges began to freeze accounts for having been on the accounts of a "dirty" Bitcoin. Moreover, we are talking about Binance and about the Bitcoin, which was there 5 months ago. Sad Thus, exchanges can freeze any amount of funds in order to cover cash gaps simply by tinkering with their user's transaction history. If suddenly a user once bought from someone a “dirty” BTC on OTC, send it on the exchange and then conducted operations with other BTC there for a long time, then at one moment he can get a ban and the exchange can don't give him money as much time Exchange wants.  Embarrassed I think it can affect everyone. so I share this info with you guys because I recommend you hold your money ONLY in your own wallets! so be careful and Happy New Year!
It has never been a good idea to store all your money in an exchange, it’s always best to keep it your private and the ones that are meant to be in your exchanges accounts are just the ones you want to trade with.

Any money stored in an exchange you’re no longer in full control of it, because the exchange can block you from accessing your account on their website and you will just lose that money. And for this case you’ve reported, as long as it’s a good exchange if you’re able to prove how you got that money I believe that they will give it back to you. And such can’t happen unless you were reported because a dirty money was traced to your account.
sr. member
Activity: 1435
Merit: 250
PredX - AI-Powered Prediction Market
If you want to save your money in hands you need to stay with the fiat currency usage alone.
At the same you are in Cryptocurrencies means you can go with the online mode payment and internet usage only buddy. If we want to save money and we can go with crypto payment.
actually the convenience that has been provided by crypto very much helps with the ease of the transaction. but it must be remembered also that not all countries can accept it because of the limitations of the internet network, so there are still obstacles that cannot be resolved and it takes time for that. so the use of fiat is still very widely used.
but as far as I know, each country has different revisions or regulations and not just because of the limitations of the internet network, some of which are like world restrictions on cryptoqurrency and limited knowledge about the crypto industry or blockchain technology. but talking about Fiat doesn't seem so familiar to them, in fact many companies use Fiat to transact and of course it depends on their needs too. On the other hand, it is likely that cryptoqurency can also be used as a transaction tool in the future.
full member
Activity: 1708
Merit: 105
If you want to save your money in hands you need to stay with the fiat currency usage alone.
At the same you are in Cryptocurrencies means you can go with the online mode payment and internet usage only buddy. If we want to save money and we can go with crypto payment.
actually the convenience that has been provided by crypto very much helps with the ease of the transaction. but it must be remembered also that not all countries can accept it because of the limitations of the internet network, so there are still obstacles that cannot be resolved and it takes time for that. so the use of fiat is still very widely used.
sr. member
Activity: 938
Merit: 251
It is reported that exchanges began to freeze accounts for having been on the accounts of a "dirty" Bitcoin. Moreover, we are talking about Binance and about the Bitcoin, which was there 5 months ago. Sad Thus, exchanges can freeze any amount of funds in order to cover cash gaps simply by tinkering with their user's transaction history. If suddenly a user once bought from someone a “dirty” BTC on OTC, send it on the exchange and then conducted operations with other BTC there for a long time, then at one moment he can get a ban and the exchange can don't give him money as much time Exchange wants.  Embarrassed I think it can affect everyone. so I share this info with you guys because I recommend you hold your money ONLY in your own wallets! so be careful and Happy New Year!
Keep holding assets in our hand most safety than holding our bitcoin and altcoin assets in exchange wallet, very year we got many exchange market have closes their exchange account and website because got hacked and not responsibility whit investor money and you have hold your assets in your hand.
hero member
Activity: 1162
Merit: 516
1BTC Welcome Bonus
If you want to save your money in hands you need to stay with the fiat currency usage alone.
At the same you are in Cryptocurrencies means you can go with the online mode payment and internet usage only buddy. If we want to save money and we can go with crypto payment.
member
Activity: 1540
Merit: 68
Instinctively, I have always believed the best way to keep your profit is in fiat or an offline business

Buh, you can use the stable coin options as well
And store your wealth in your private wallets, not exchanges wallet
full member
Activity: 887
Merit: 100
yes, and it is important for anyone who has a large amount of assets or coins not to store too long in exchange, because it is very risky for you. I personally never keep coins for too long in exchange, I prefer to keep or use a hardware wallet (if the amount of assets is large) / web wallet (if the amount of assets is small)
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