Bitcoin Forum

Economy => Service Discussion => Topic started by: vince232 on March 26, 2015, 12:09:28 AM



Title: is bittrex safe
Post by: vince232 on March 26, 2015, 12:09:28 AM
is it safe to leave your coins in trex or better to store it up in my wallet?

i store my long term coins in my wallet but i definitely have coins that i trade.

im getting pissed with trex to wallet and wallet to trex confirmation time


Title: Re: is bittrex safe
Post by: waterpile on March 26, 2015, 12:59:35 AM
store your coins to a wallet that is fully controlled by you, not in 3rd party wallets


Title: Re: is bittrex safe
Post by: Amph on March 26, 2015, 08:03:16 AM
no need to store them there, deposit is fast enough with bittrex, they have 2fa, they should be safe enough anyway

better to hold them on your local client


Title: Re: is bittrex safe
Post by: mishax1 on March 26, 2015, 08:07:14 AM
is it safe to leave your coins in trex or better to store it up in my wallet?

i store my long term coins in my wallet but i definitely have coins that i trade.

im getting pissed with trex to wallet and wallet to trex confirmation time

Do you prefer to compromise the security of your coins only for some confirmation time ?  ::)


Title: Re: is bittrex safe
Post by: jacktheking on March 26, 2015, 08:43:04 AM
He also mean to say that he dont want to download another blockchain (altcoin wallet). That is just like me. I bought some altcoin today and sell them tomorrow. There is no need to download another wallet if you bought the coin for short term investment. Bittrex should be safe enough.


Title: Re: is bittrex safe
Post by: vince232 on March 26, 2015, 08:48:21 AM
well that is why i store my really long term coins at my wallet.

but i also day trade. there are times when i want to sell then because of confirmation time someone dumped ahead of me

is trex more secure than bter? or maybe hacker will only steal btc and not other alt


Title: Re: is bittrex safe
Post by: HI-TEC99 on March 26, 2015, 10:03:59 AM
well that is why i store my really long term coins at my wallet.

but i also day trade. there are times when i want to sell then because of confirmation time someone dumped ahead of me

is trex more secure than bter? or maybe hacker will only steal btc and not other alt

Bter has been hacked and as far as I know Bittrex has not been hacked yet. Most of the time if an exchange gets hacked only the high value coins get stolen. If you are trading in low value shit coins they are unlikely to be stolen if an exchange is hacked.

There are no guarantees though, when Cryptoine was hacked some shit coins were stolen along with the bitcoins.


Title: Re: is bittrex safe
Post by: mishax1 on March 26, 2015, 10:20:32 AM
well that is why i store my really long term coins at my wallet.

but i also day trade. there are times when i want to sell then because of confirmation time someone dumped ahead of me

is trex more secure than bter? or maybe hacker will only steal btc and not other alt

It really doesn't matter if you store your coins on bittrex, poloniex or cryptsy..  as long as you don't control the wallet consider your coins are not secure.. even the biggest BTC exchanges got hacked (bitstamp for example..)