Which one do you guys feel more safe in keeping your coins? At a trading websit

hulk

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Quote from: luckybitcoin777 on May 19, 2014, 06:42:43 PM

Which one do you guys feel more safe in keeping your coins? At a trading website (ex, Mintapl, Bitstamp, etc) or the personal wallets ?

I'm not sure about that ? Huh

I keep some of my BTC in blockchain and mintpal. There is always a risk so don't put too much.

Soappa

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Quote from: abercrombie on May 26, 2014, 09:03:29 AM

Never keep as much online as you can afford to lose. Just remember Mt. Gox.

Only relatively safe spot IMHO, is blockchain.info with 2FA enabled. I use it as a "hot wallet" for spending.

Blockchain.info is slightly different from exchanges like mtgox and bitstamp.

For exchanges, you don't have the private keys and so if the site is gone, all your bitcoin would be gone.

For blockchain.info, you have the private keys, and the site only keeps an encrypted copy of your wallet file.
The encryption and decryption are done on client side, and so even if the site is gone or hacked, your bitcoin should still be in your hands provided that you have made backups.

abercrombie

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Never keep as much online as you can afford to lose. Just remember Mt. Gox.

Only relatively safe spot IMHO, is blockchain.info with 2FA enabled. I use it as a "hot wallet" for spending.

BunsenBurner

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IMO, you should keep majority of your bitcoin in an offline wallet or a paper wallet for highest security, and keep the remaining bitcoin on a wallet you have sole control of private keys.

GraniteCoin

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Quote from: luckybitcoin777 on May 19, 2014, 06:42:43 PM

Which one do you guys feel more safe in keeping your coins? At a trading website (ex, Mintapl, Bitstamp, etc) or the personal wallets ?

I'm not sure about that ? Huh

If the coins are worth more than 1 btc, I wouldn't keep in exchange wallet.

Skycraft

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Never online man ;p
Whatever server cannot be 100% safe men..

just keep them in an offline old PC after several resets hehe ;p

Light

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Circa 2010

I personally would advise against keeping any coins more than necessary at an exchange. Although unlikely, they may very well go insolvent tomorrow and that leaves you out of pocket with possibly a reclaim process in the future if there are funds left over. Unless your trading, I would take everything out - else I would keep only the bare minimum you need to trade with. You can always send more if necessary.

hilariousandco

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Quote from: Tedward on May 20, 2014, 07:19:40 AM

Never keep coins on an exhnage.

But sometimes you have to, especially if you're trading. There are ways of staying secure though, like 2-factor auth etc.

And there's a big difference between keeping your money on exchanges and online wallets, especially one like blockchain.info. Blockchain is very safe as long as you set up all the security features.

Tedward

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Never keep coins on an exhnage.

bryant.coleman

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Never keep your coins in exchanges. They are not meant for keeping your coins, but to trade them. That said, exchanges such as BTC-E have proved to be reliable to store your coins for long time.

Parham6

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Deceased

I keep them on a local software, you should never trust any site. They can take your funds and run away with it anytime.

TrailingComet

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Don't trust any web wallets after I got ripped off by one

I use blockchain.info for small amounts that I intend to spend
Rest in cold wallet stored offline

kuroman

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Quote from: luckybitcoin777 on May 19, 2014, 06:42:43 PM

Which one do you guys feel more safe in keeping your coins? At a trading website (ex, Mintapl, Bitstamp, etc) or the personal wallets ?

I'm not sure about that ? Huh

don't keep most of your btc in exchanges, dedicated wallets such as blockchain.info is better, but again it is not the safest, the safest way is to use cold storage, if you are rich, you just split the bitcoin, in quatities relative to the security of the platform, the big portion in cold wallet, a portion on your computer wallet, and online wallet, a smaller portion on exchanges ect (remember that these quantities are what you are relatively willing to risk),

Malin Keshar

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of course personal computer is safe, unless you put them in a system with vulnerabilities that would allow people remote acess to your computer, so it is better put them outside of internet acess.

Exchanges are to get more coins by trading, they are risky but with good returns if you know what you are doing

dbshck

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Crypto Swap Exchange

Obviously personal wallet. I just keep a small one in exchange, I don't want to be goxxed Cheesy

or like what happen to Cryptorush ...
And what kind of personal wallet ? I'd prefer storing big amount in paper wallet, or in a computer that doesn't connected to internet

Nagato4

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You should spend 10 minutes reading the following two articles, and make sure you understand them.
Feel free to make a post here if you get any problem.

http://www.coindesk.com/information/how-to-store-your-bitcoins/
http://www.coindesk.com/information/paper-wallet-tutorial/

beetcoin

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Quote from: luckybitcoin777 on May 19, 2014, 06:42:43 PM

Which one do you guys feel more safe in keeping your coins? At a trading website (ex, Mintapl, Bitstamp, etc) or the personal wallets ?

I'm not sure about that ? Huh

look up cold storage wallets. there should be a tutorial stickied here since so many people ask. it's much, much safer than keeping it on a server.

bizcoinz

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I like to keep BCT in my wallets and I send it to trading site whenever I need.

pandacoin

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You should not trust any online wallets. Just put your BTC there, make your trade, then cashout to your own Bitcoin wallet.

luckybitcoin777

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Which one do you guys feel more safe in keeping your coins? At a trading website (ex, Mintapl, Bitstamp, etc) or the personal wallets ?

I'm not sure about that ? Huh

Topic: Which one do you guys feel more safe in keeping your coins? At a trading websit (Read 814 times)