Topic: The reason why you need to store your money in your hands! - page 3. (Read 898 times)
Basically if you just want to save for a long time, certainly don't save in exchange. Because the risk is certainly very large, we never know the exchange concerned is experiencing problems with hacking. Of course our funds will disappear, unless we just want to trade. Certainly not a problem to keep it in exchange, because the time period is not too long.
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. 
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. 
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. 
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!
for long-term holders they can keep their money in personal wallets for a long time, but for most traders they cannot keep their money in their wallets and stop trading. I think these incidents are rare, and the exchange will have appropriate policies to avoid affecting users 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. 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!
I agree that we should hold our coins and money in our hands, 1 month ago approximately i used a service that store money and can send directly from there, i had some money there not a lot and they temporary block me and asking for documents and screenshoot about my withdrawal from another website to them, i send all doxa, but they still saying me that account is under review and i will can't use my money until they finish it, so never can't trust any online service to hold my money there, well i use that to pay bills and other things online and to not go to local and wait a lot and also because of holidays, but i will never trust them again.
This is alarming. Although the platform are trying to prevent or they are keeping away those people with potential illegal transaction. Although it directly affect us it is still essential but what if you have been accused and you have nothing to appeal with since you aren't aware where your coin came from before you obtain it. Either way I don't see that binance would take an action with this because they would be surrounded by such dirty coins when they remove it.
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. 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. 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!
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. 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 fungibility of your coins is really what is at stake if you choose to hold your coins in any third party wallet or exchange.
Especially when you could have absolutely nothing to do with what the previousr owner did with their coins, but you are the one that gets flagged and your coins seized due to the fact that your coins may be not mixed properly or simply due to an exchange's suspicion.
You don't want that to happen to you, despite how remote the possibilities sound. Just store your own coins in a wallet which you hold private keys to. It's as simple as that.
And why a person who came to this market to invest in BTC should lose his coins just because the previous owner of them was, for example, a drug dealer
If that is the case then we could celebrate for that freezed BTC as happy as how binance is celebrating with regard to the frozen BTC, in which for us will be hodled there for a long time. But in the case of the owner of the BTC, this is devastating. Most of us just trade and if we trade with someone not reputable, frauds to be exact, and our funds become frozen, I do not think it is our responsibility to bare the lost, it is quite unreasonable right? What I could advise is when we are dealing with somebody here with a huge amount or somehow doubtful, we could freely utilize technology service such as mixers to make sure bitcoins will be clean since in the first place we know in ourselves that we are doing legal business here.
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. 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. 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!
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. 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 fungibility of your coins is really what is at stake if you choose to hold your coins in any third party wallet or exchange.
Especially when you could have absolutely nothing to do with what the previousr owner did with their coins, but you are the one that gets flagged and your coins seized due to the fact that your coins may be not mixed properly or simply due to an exchange's suspicion.
You don't want that to happen to you, despite how remote the possibilities sound. Just store your own coins in a wallet which you hold private keys to. It's as simple as that.
And why a person who came to this market to invest in BTC should lose his coins just because the previous owner of them was, for example, a drug dealer
This wouldn't matter much if a cryptocurrency is fungible.
Afterall, tainted physical fiat currencies are in circulation & probably in the hands of most people who handle cash. If you take away this feature of physical currencies, most people's funds will probably be frozen.
I guess freezing shouldn't happen once a tainted coin has changed hand several times. If holding such coins makes anyone feel guilty, mixing may help.
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. 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. 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!
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. 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 fungibility of your coins is really what is at stake if you choose to hold your coins in any third party wallet or exchange.
Especially when you could have absolutely nothing to do with what the previousr owner did with their coins, but you are the one that gets flagged and your coins seized due to the fact that your coins may be not mixed properly or simply due to an exchange's suspicion.
You don't want that to happen to you, despite how remote the possibilities sound. Just store your own coins in a wallet which you hold private keys to. It's as simple as that.
And why a person who came to this market to invest in BTC should lose his coins just because the previous owner of them was, for example, a drug dealer
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. 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. 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!
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. 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 fungibility of your coins is really what is at stake if you choose to hold your coins in any third party wallet or exchange.
Especially when you could have absolutely nothing to do with what the previousr owner did with their coins, but you are the one that gets flagged and your coins seized due to the fact that your coins may be not mixed properly or simply due to an exchange's suspicion.
You don't want that to happen to you, despite how remote the possibilities sound. Just store your own coins in a wallet which you hold private keys to. It's as simple as that.
I agree that we must store our Bitcoins on our own personal wallet. Storing some Bitcoins to exchanges like Binance is also like investing it and being ready that it will be gone of something bad happened. So be it, we cannot question their motive why they do freeze some accounts that are suspicious and I think if they can justify that then they have all the right to do that.
This is old cases, some people use crypto exchanges for illegal purposes such as drugs and gambling. This time exchanges take respond by freeze account to get real information about source of the money, need to doing that to save the exchanges from money laundry. Safety become priority for exchanges and KYC is the answer, maybe they will lost many member but for clean and good reputation it's worth.
but it breaking all the principles of decentralization. it shouldn’t be so that you can lose your money because they have some kind of dirty story. 
This is old cases, some people use crypto exchanges for illegal purposes such as drugs and gambling. This time exchanges take respond by freeze account to get real information about source of the money, need to doing that to save the exchanges from money laundry. Safety become priority for exchanges and KYC is the answer, maybe they will lost many member but for clean and good reputation it's worth.
It's true, I'm very cautious about storing on the exchange. Keep it in the wallet because it is safer and will not be disturbed by the owner of the exchange. So it is safer to put in our wallet than put it on the exchange directly if there is a gross indication of the currency that we got earlier. Preferably more careful than our money is just lost because in the freeze.
I recommend you hold your money ONLY in your own wallets! so be careful and Happy New Year!
Yes, i agree with this, i never hold any crypto tokens in exchange. I save it in crypto wallet. You reason to don't save your crypto in exchange because care about account Frozen. But i have another reason and this is about a Fee. Most of exchange always have huge fee to send/withdraw. So you just change to another token with more cheap to reduce fees.
In wallet is difference, you can setting the gas fee to send slow or fast.
It serious problem for anyone, exchange can do anything they want if there are many "dirty" strategy to get profit in their platform. I think we must withdrawal our balance each month to avoid this isues. Don't hold so many amount of coin in exchange, it will be better if we put them in our personal wallet.
If someday we want to sell coins make it step by step, don't send all your coin. Make it 25% from total balance per day, or you can do it with 3-4 exchange.
If someday we want to sell coins make it step by step, don't send all your coin. Make it 25% from total balance per day, or you can do it with 3-4 exchange.
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. 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. 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!
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. 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! Great advice.
Sometimes the circumstances under which withdrawals get withheld is definitely warranting of suspicion.
It would be possible and even likely that at least one of the exchanges are not acting in good faith, and are in fact cunning operators who use this as an excuse in order to hold customer funds for a while longer while they cover their liquidity problems.
If this is taken serious and it continues, so many exchanges will lose their grounds. Even the bug ones might not be excluded. Most of these things are happening because they are controlled by a central body; each of them is controlled by a centralized authority. We need a situation where individuals will be in full control of their funds, irrespective of where they might be.
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. 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. 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!
There’s a lot of cases like this and most of those account can’t be recover anymore so if you’re doing a dirty transactions then Binance is not a safe place for you because they are too strict. If you have no confident about the exchanges, then use a hard wallet and from there you can store your bitcoin without worrying of freezing your bitcoin. This concern remind us not to transact to anyone who you really don’t know especially big transactions. 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. 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! So, what you need to do to sell it through use the DEX. When CEx is really strict even when it's not your fault and your amounts gets blocked and DEX is the answer.
You must hold your money but when you are wanna selling it and where will you go?
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. 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. 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!
There’s a lot of cases like this and most of those account can’t be recover anymore so if you’re doing a dirty transactions then Binance is not a safe place for you because they are too strict. If you have no confident about the exchanges, then use a hard wallet and from there you can store your bitcoin without worrying of freezing your bitcoin. This concern remind us not to transact to anyone who you really don’t know especially big transactions. 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. 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! Jump to: