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Author Topic: For the love of... don't keep your coins on exchanges  (Read 552 times)
cryogencrypto
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August 10, 2018, 11:27:53 AM
 #101

I agree with what you say. It would be better for you to make good security with coin coins that you have in your personal wallet. do not store it in exchange because there are many hacking cases at this time.
Dblue
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August 12, 2018, 08:55:55 PM
 #102

I don't think that there is anything wrong with keeping your investments in the exchanges though. I think that there are safe enough, and the probability of either them or your wallets to be hacked are the same. Be sure to keep your passwords and other personal info safe and indeed personal, then you are good to go.
dadanpradana
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August 14, 2018, 07:43:21 AM
 #103

but if it is to be traded every day it is suitable to be kept on the exchange.
and after trading, immediately return your Bitcoin to the offline wallet.

so that your profit is there and your Bitcoin is not stolen.
Desscount
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August 14, 2018, 07:52:23 AM
 #104

Again we saw an exchange got hacked. There would be nothing to hack there if people didn't keep their coins on exchanges! For the love of Dog (lol), don't keep your coins on exchanges, start practicing safety, this is your investment we are talking about!


so far I have no problem storing altcoins on several exchanges, I think by making security that is tight enough to make it more protected. I have bitcoin and altcoin on hitbtc and binance. there is no problem until now I have kept it for almost a year.

Chainsmokers
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August 14, 2018, 08:28:48 AM
 #105

Again we saw an exchange got hacked. There would be nothing to hack there if people didn't keep their coins on exchanges! For the love of Dog (lol), don't keep your coins on exchanges, start practicing safety, this is your investment we are talking about!
yes of course, securing assets that we have is very important. it's useless we work hard if we ourselves can't secure the assets we have. therefore extra security needs to be done to avoid hacking.
zauna35
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August 14, 2018, 08:56:29 AM
 #106

pretty hard not to keep coins on exchanges if you are a trader..we all know what we need to trade coin to trade..no one is immune from the collapse of the exchange( I agree that not all the capital is there to hold and you have to be smart to choose a place to trade
bighok353
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August 14, 2018, 09:00:56 AM
 #107

Yes, hackers will choose to invade the exchange, but I think it is safer to choose the top exchanges, such as Firecoin, OKEX, if it can be safe in your own wallet.
Applechild
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August 16, 2018, 03:03:24 PM
 #108

It is a very good point. Exchanges got hacked and sometime beyond hacking, there is the issues of traffic that makes the sites to become slow. The truth is that say for instance I buy coin from the exchange, I dont see any need transferring to my ether wallet because that will mean transferring it back to the exchange before i will be able to sell. All these will cost extra charges at my own expense. We should just pray for good and strong hack-proof exchange sites so we can also have peace of mind knowing our investment is safe. That is why we should support promising and upcoming exchange platform with good project in this regard. one to look out for is Ruby-X among others.
NerdYale
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August 16, 2018, 03:26:05 PM
 #109

Well it might sound too dumb but I have been also storing my coins in exchanges wherein I was almost got a heart attack when the news about a hacked exchange market. Luckily my coins were not stolen since it was stored as a not so valuable token.

JaekRock
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August 17, 2018, 01:43:30 AM
 #110

I'm going into a little bit of a HODLing pattern after doing pretty well on exchanges....taking my earnings out tonight until the next time I want to try to swing some trades.  It was fun and I might miss out on early action by not having my coin on the exchange, but the risk is just too high with everything I've seen go on.  Be safe out there!
Ulermom
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August 19, 2018, 01:14:51 PM
 #111

Now and again you can not promptly offer your coins or tokens on the stock trade and you need to go out on a limb, in spite of the fact that I surmise that all merchants should realize that leaving the cash on the trades is very perilous. It regularly happens that dealers put their coins or tokens at a settled cost available to be purchased and if the purchaser is found, the exchange happens without the support of the merchant. This is very advantageous, so individuals will keep on risking, in light of the fact that wallets in the market are not all the time and everybody trusts that it will sidestep them.
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August 20, 2018, 10:34:59 AM
 #112

Again we saw an exchange got hacked. There would be nothing to hack there if people didn't keep their coins on exchanges! For the love of Dog (lol), don't keep your coins on exchanges, start practicing safety, this is your investment we are talking about!

LOL People have always been told times without number that they should never keep their coins on exchanges but they never seem to be able to listen to the voice of reason. If exchanges get hacked it is the users who keep their coins on the exchanges that lose their coins since exchanges don't have as much security as wallets so transferring your coins out is easy.q
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