I held coins on an exchange because monero is a bitch to store offline and I hadn't got around to messing with simplewallet, since I was repeatedly led to believe a GUI was right around the corner that could restore easily from mnemonic seed.
I was fully expecting to get scammed eventually though, thus didnt have all my XMR on any one exchange. My expectations were met..
If you had asked me in June if I expected to still have any XMR on an exchange in October, I would have said no, I'm sure there would be a noob friendly method of storage by then, although I obviously should have just bitten the bullet and opened simple wallet as I have right now, synching the blockchain.
Lesson learned: investing in speculative technology isn't worth trusting a third party.
Hey man, what happened to you (and others) sucks big time. We all agree with that.
(Hell, if it had happened to me to loose that amount it would end my foray in crytpoland for the foreseeable future)
But now you are just FUDing.
Creating an offline wallet is as simple as (writing this from memory so someone correct me if I'm wrong):
- run simplewallet
- give it a name as prompted
- give it a password as prompted Voilà, your wallet is created. Now do this:
- write down the mnemonic seed words.
- save your adresses file (so that you can refer to your address)That's it, really. You don't need to sync and you don't even need to run the daemon to create a wallet.
