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Author Topic: Is it safe to keep your coins in Bitstamp?  (Read 8015 times)
bluudz
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Why so serious?


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March 29, 2015, 08:24:24 AM
 #41

On slightly different note. How much do you believe to blockchain wallet? I quite often keep my coins there to have access to them from other devices.

it seems to be the safer one among the online wallets, but in anycase it's always better to store them on a cold storage, or a desktop/laptop that is in a isolated envyroment

Thank you. I have the same feeling. If I have to keep some online I do use Blockchain. Otherwise Armory.

sandy47bt
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March 29, 2015, 08:34:55 AM
 #42

On slightly different note. How much do you believe to blockchain wallet? I quite often keep my coins there to have access to them from other devices.

I still believe blockchain.info than exchange wallet since they can give you private key & have better security compared exchange hot wallet.
And as long as you use strong password, enable 2FA & second password. Your wallet won't be hacked easily
Bitcoin Explorer
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March 29, 2015, 05:05:41 PM
 #43

As the title asks, is it safe to store your coins in Bitstamp's online wallet?
I would say no, i keep about max of $5 change in there but anything more than that would be stupid unless you can afford to loose it.
History has shown us that the last place you want to store your bitcoins is on an exchange.
Im not saying Bitstamp will run off wih any customers coins but they may get hacked again and this time not be able to pay back everyone.

Best store them offline till needed.
Nice suggestion by him. Moreover, did bitstamp refund the Bitcoins hacked recently?

Simple message to op:
If you don't care about liquidity but a lot about security, go for cold storage
If you care about liquidity, evaluate how much money you need regularly and maintain something like a hot wallet to satisfy needs.

bluudz
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Why so serious?


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March 29, 2015, 05:23:07 PM
 #44

As the title asks, is it safe to store your coins in Bitstamp's online wallet?
I would say no, i keep about max of $5 change in there but anything more than that would be stupid unless you can afford to loose it.
History has shown us that the last place you want to store your bitcoins is on an exchange.
Im not saying Bitstamp will run off wih any customers coins but they may get hacked again and this time not be able to pay back everyone.

Best store them offline till needed.
Nice suggestion by him. Moreover, did bitstamp refund the Bitcoins hacked recently?

Simple message to op:
If you don't care about liquidity but a lot about security, go for cold storage
If you care about liquidity, evaluate how much money you need regularly and maintain something like a hot wallet to satisfy needs.

As far as I know all the bitcoins were in the wallets of its users when server went back online. Overall it felt more like constructed panic so people would be very happy that bitstamp managed and they had the time to change the infrastructure with possible increase of reliability after. Its only my feeling tho..

HI-TEC99
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March 29, 2015, 05:56:23 PM
 #45

As the title asks, is it safe to store your coins in Bitstamp's online wallet?
I would say no, i keep about max of $5 change in there but anything more than that would be stupid unless you can afford to loose it.
History has shown us that the last place you want to store your bitcoins is on an exchange.
Im not saying Bitstamp will run off wih any customers coins but they may get hacked again and this time not be able to pay back everyone.

Best store them offline till needed.
Nice suggestion by him. Moreover, did bitstamp refund the Bitcoins hacked recently?

Simple message to op:
If you don't care about liquidity but a lot about security, go for cold storage
If you care about liquidity, evaluate how much money you need regularly and maintain something like a hot wallet to satisfy needs.

As far as I know all the bitcoins were in the wallets of its users when server went back online. Overall it felt more like constructed panic so people would be very happy that bitstamp managed and they had the time to change the infrastructure with possible increase of reliability after. Its only my feeling tho..

Yes, Bitstamp refunded all the Bitcoins hacked. They were all in a hot wallet but Bitstamp paid to refund everyone out of its own pocket. At the time of the hack everyone was panicking that they had lost all their money on Bitstamp, but it worked out OK. People with coins on other hacked exchanges like Bitcoinicca and Mt Gox were not so lucky.
lalaisen
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March 30, 2015, 03:00:25 AM
 #46

Nothing is absolutely safe.  And anything online , the more impossible.

Nrcewker
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March 30, 2015, 04:30:16 AM
 #47

not safety without doubt.   
same to any bitcoin wallets online

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