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Title: Is it ok to store coins in my pool or BTC-e? Post by: timk225 on August 08, 2013, 05:02:58 PM I started out mining BTC and soon realized the folly of GPU mining BTC when the ASICs finally started coming out, much to my dismay.
So after a few weeks, I took my 0.36 BTC to BTC-E and converted them to Litecoins, of which I have 12.something. They are in my BTC-e account now and have been for about a week. And I'm mining in the Elitist Jerks PPS pool, and I've got 10 LTC there so far in my account. For both of these, I just haven't gotten around to downloading a LTC wallet yet, I have to decide which hard drive in which mining PC will be responsible for holding the wallet, although I'll copy the .dat file out anyway for backup. Is it ok or a bad idea to let coins sit in the places I've described, or should I leave work early today and get home post-haste and get a LTC wallet going? Title: Re: Is it ok to store coins in my pool or BTC-e? Post by: HeroC on August 08, 2013, 08:08:42 PM It is fine where it is. Just take your time, and transfer it when you feel like it. It does no harm where it is.
Title: Re: Is it ok to store coins in my pool or BTC-e? Post by: vehementchrome on August 08, 2013, 10:30:54 PM It'll probably be fine where it is yeah. BTC-E does have a hefty fee on withdrawing LTC at the moment, so it might be best to wait until they lower the fee to withdraw your LTC....that is assuming they'll ever do that though. Personally, I wouldn't want my currency sitting in an exchange or a pool. Both exchanges and pools have been hacked/had issues, but that doesn't mean they will, and I couldn't say if any of those that you mentioned OP have been in the past.
Title: Re: Is it ok to store coins in my pool or BTC-e? Post by: emark on August 08, 2013, 10:41:58 PM Better safe then sorry- I never trust anyone with my money or coins! Setup a wallet, what are you waiting for..
Title: Re: Is it ok to store coins in my pool or BTC-e? Post by: BitJohn on August 08, 2013, 10:45:03 PM It'll probably be fine where it is yeah. BTC-E does have a hefty fee on withdrawing LTC at the moment, so it might be best to wait until they lower the fee to withdraw your LTC....that is assuming they'll ever do that though. Personally, I wouldn't want my currency sitting in an exchange or a pool. Both exchanges and pools have been hacked/had issues, but that doesn't mean they will, and I couldn't say if any of those that you mentioned OP have been in the past. Though a wallet is the safest bet.You could keep your litecoin at https://Cryptsy.com and move it for .03 LTC compared to .5 LTC at BTC-e Either one will keep your coins safe. Title: Re: Is it ok to store coins in my pool or BTC-e? Post by: BrotherOfChartBuddy on August 08, 2013, 11:46:49 PM Always make sure, that you use different passwords for every service you use.
I recommend KeepassX. Other than that, storing your BTC on an exchange is ok. Title: Re: Is it ok to store coins in my pool or BTC-e? Post by: i3lome on August 08, 2013, 11:52:57 PM Id leave the in the pool or cold storage. Im sure you have seen the bazillion, "I got hacked threads"
Title: Re: Is it ok to store coins in my pool or BTC-e? Post by: vehementchrome on August 11, 2013, 02:44:06 AM Always make sure, that you use different passwords for every service you use. Yes, this is particularly important.Title: Re: Is it ok to store coins in my pool or BTC-e? Post by: polrpaul on August 11, 2013, 02:53:52 AM popular services should be OK, but I would not trust my savings in said accounts - all it takes is for them to go belly up and forget your coins.
cold storage for savings. |