khaled0111
Legendary
Online
Activity: 2646
Merit: 2993
Top Crypto Casino
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September 29, 2017, 02:31:15 PM |
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Keep your coins in a wallet that you completely control and that gives you the private key. Sure, you will have to send some to an exchange wallet to be able to trade. So, the wise thing to do is just sending the amount you will use in trading and withdraw it back to your secure wallet as soon as you nolonger need to use the exchange platform. Anyway, most exchange platforms are trusty and well secured just choose the one you trust more.
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techindo
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September 29, 2017, 02:32:18 PM |
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Some people says that the wrost thing to do is leave your bitcoins in some exchange. I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
Yes if you want save bitcoin you must save your Bitcoin in your wallet bitcoin private. Example Mycelium , electrum . If you save your Bitcoin on exchanger , I believe your Bitcoin Will be loss your control.
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zoelhack
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September 29, 2017, 02:39:08 PM |
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Some people says that the wrost thing to do is leave your bitcoins in some exchange. I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
you should not store too much bitcoin in the exchanger because the risk is great, you should save it in the wallet that private key you save it much more secure, anytime you can send the bitcoin
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qiman
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September 29, 2017, 02:48:51 PM |
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I would only keep bitcoin on an exchange if you have set buy orders in order to purchase some other coins or tokens. Otherwise it is best to keep your bitcoin and other altcoins in wallets that you control the private keys etc. I was very sad when my wife got hacked in a very known exchange just over a month ago and lost over 1k usd worth of tokens that the hacker stole and sold off right when it was being pumped as well. The exchange got mass hacked and it was Cryptopia exchange.
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Anyobsss
Full Member
Offline
Activity: 784
Merit: 135
DeFixy.com - The future of Decentralization
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September 29, 2017, 02:53:51 PM |
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Some people says that the wrost thing to do is leave your bitcoins in some exchange. I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
Yes, I definitely advise you to move your bitcoins to safer wallet like Electrum. Storing bitcoin in exchanges is very risky since you don't hold the private key and if there's something happen to your bitcoin in the exchange you're storing it. You can't complaint to the exchange since it is your fault storing it there in the first place.
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ninabobo
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September 29, 2017, 02:54:08 PM |
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Some people says that the wrost thing to do is leave your bitcoins in some exchange. I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
I traded crypto and left my money in exchange. no worries from me at all, because I think they are safe. and always keep people like me.
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Chyton
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September 29, 2017, 02:54:30 PM |
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Of course, no one with a sane mind will leave bitcoin summing more than $5 at online exchange since exchange could get hacked or close at anytime. Moving to electrum is a good idea for you, electrum is a lite wallet which means synchronising with the network takes far less time than full client.
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BitSat
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September 29, 2017, 02:58:05 PM |
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Some people says that the wrost thing to do is leave your bitcoins in some exchange. I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
you should not store too much bitcoin in the exchanger because the risk is great, you should save it in the wallet that private key you save it much more secure, anytime you can send the bitcoin You are absolutely right storing bitcoins in exchanges never been good idea as we have many exchanges already gone with big amounts and chances are very high you can lost your hard earned money without any advance notice keeping bitcoins in wallet is much better and safe as you can manage security as you want
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rb26
Full Member
Offline
Activity: 247
Merit: 101
OPEN GAMING PLATFORM
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September 29, 2017, 03:07:19 PM |
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Some people says that the wrost thing to do is leave your bitcoins in some exchange. I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
Yes, it is a worst thing to do. Exchanges are vulnerable to some attacks that might result to hacking and loss of assets. If you leave your bitcoins in an exchange then you are exposing it to hackers. Also, the owner of the exchange may steal your coins or hold your coins if they find your funds suspicious. As long as you do not own or control your own private key, you are not the owner of that coin. Electrum, trezor, or any wallet that lets you control your private key is a good wallet.
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carlisle1
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September 29, 2017, 03:12:20 PM |
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Some people says that the wrost thing to do is leave your bitcoins in some exchange. I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
you should not store too much bitcoin in the exchanger because the risk is great, you should save it in the wallet that private key you save it much more secure, anytime you can send the bitcoin You are absolutely right storing bitcoins in exchanges never been good idea as we have many exchanges already gone with big amounts and chances are very high you can lost your hard earned money without any advance notice keeping bitcoins in wallet is much better and safe as you can manage security as you want you better to think wiser mate if you have existing btc inside a reputable exchange you can trade right away if some good news happen with some particular coins maybe the only risk is when the exchange closes then you don't have any capability to recover your coin though.
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Emworks
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September 29, 2017, 05:19:37 PM |
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Personally i dont trade frequently so my routine is i immediately transfer my fund to my personal wallet after i do the trade cause I heard some story that several trader experience some trouble on leaving there money on exchange wallet for a long period of time..so i keep it as a reminder. And Heres what i think.if i would given a chance to trade on daily basis i guess its not a bad idea to leave your fund on exchange i would rather leave it just for a while then when i have gain enough thats the time i will move it to avoid lossing due to the high transsction fee.
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cyberChevan
Member
Offline
Activity: 91
Merit: 10
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September 29, 2017, 11:08:53 PM |
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Some people says that the wrost thing to do is leave your bitcoins in some exchange. I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.
Do you recommend to me to move this bitcoin to a wallet like Electrum?
Keeping your Bitcoins or any type of cryptocurrency in an exchange or online wallet where you do not control your private key is very dangerous. This is because these type of wallets are vulnerable to hacking. The owner of the third party can even steal coins from you. If you do not control your own private key then you own nothing. Hardware wallet is the safest wallet Electrum is also a good wallet, though.
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Dhaaaw
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September 29, 2017, 11:45:56 PM |
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Like everybody here said and mentioned bitcoin in exchanges is more prone to target of being stolen or hacked even by the company that can be greedy aswell, and what are you going to do then ? It is located in Georgia and it can be run by 17 year olds as far as you know so be safe and get a proper wallet.
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