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Author Topic: NEver keep all your coins on an exchange  (Read 25786 times)
lite
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June 21, 2016, 06:45:12 PM
 #21

BTC e ist broke!!!!!!!!!!!!!!!!!!!!!!!


The support doesnt work !!!!! They dont answering already !!!!

they took me 3 coins away!!!!!!!!

Not confirmed transactions:
+1 BTC - 0 confirmations - 12.06.16 11:06

364da820cd08ee7e174ec1715a8812104de3a118ddbf8cda4b7908661fafdbdd
+1.99951961 BTC - 0 confirmations - 16.06.16 21:20

cd966d259a1c6ff6f616dbd043b369c0b56c2edd842a396f9dd0a2408e08cfe2
You need 3 confirms(i think) on your tx before it's credited to your account.
i always withdraw my bitcoins after i'm done trading. 
BitcoinNewsMagazine
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June 21, 2016, 06:46:10 PM
 #22

If you are a trader you have no choice but to keep bitcoin on an exchange. Best you can do is spread your trading over several exchanges.

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June 21, 2016, 06:51:02 PM
 #23

When Cryptsy problems started I was just on time paying out all mine funds. It reminded me never hold big amounts of crypto on any exchange. Besides hackers who can steal from you the exchanges are also a big risk themselves.
rektDude
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June 21, 2016, 06:52:07 PM
 #24

I guess that most of these guys do not want to wait through the blockchain download

i use software wallets for a lot, like electrum, where the wallet is in your control, but the heavy lifting is done online

Indeed, the fact is that I think these people are thinking its just safe but saving them on a exchange is just not smart at all, its even very stupid..
morantis
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June 21, 2016, 06:53:06 PM
 #25

I guess that most of these guys do not want to wait through the blockchain download

i use software wallets for a lot, like electrum, where the wallet is in your control, but the heavy lifting is done online

Indeed, the fact is that I think these people are thinking its just safe but saving them on a exchange is just not smart at all, its even very stupid..

i use them on occasion for small things where i want to store some coins and grab them up from another location, but that is usually less than an hour or so
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June 22, 2016, 05:45:56 AM
 #26

Gox
Cryptsy..

If you have most of your coins in Bitfinex.. there will be little mercy when they disappear.


yeah of course, moreover, largely exchangers do not have clear regulations do not even have. if they disappear of course all the coin you are also missing. hehe
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June 22, 2016, 06:40:25 AM
 #27

Now that is happen again i guess most of traders wont gonna keep all their btc in exchange site now eventhough sites are trusted.
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June 22, 2016, 07:09:15 AM
 #28

It is well said to never keep all your coins in an exchange. Exchange or trading platforms may disappear anytime since it is online so it is better to keep your btc at your wallet if you are not engaging on trading. Sometimes exchange sites faces problems like server problems and you cannot withdraw or release your btc, problems like this are possible and may arise and it will be bad if you are in need of bitcoins. But theres no need to worry if you only have a small investment.
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June 22, 2016, 07:13:55 AM
 #29

I do not trust any of these f#$% exchanges at the moment. You go there and dump a lot of coins to trade and then you trust them to keep it safe. Most of them are not even audited and the people working there have no background security checks been done to see if they had a criminal record.

We are no talking about banks and high security financial institutions here, in many cases these are just young startups with 10 or 20 people working in a few small offices. ^hmmmm^

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June 22, 2016, 07:18:59 AM
 #30

https://www.youtube.com/watch?v=kdvTkddp1F0

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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June 22, 2016, 07:24:53 AM
 #31

you should never keep any coins anywhere online. it is not just about exchanges, it is a general rule that when you don't have access to the private keys then it means you are trusting another person (exchanger, online wallet,...) to keep your money for you and don't betray you!

and history has already proven that you can never trust any of these services fully.

the solution would be to withdraw your coins/money right away and also spreading it between a couple of exchanges may help reduce the risk since they will not disappear all together Smiley

Only Bitcoin
CraigWrightBTC
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June 22, 2016, 07:30:39 AM
 #32

exchanger is markets not wallet, always there are risk on Investment and save coins on offline wallet too. we must becareful.
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July 03, 2016, 05:57:06 AM
 #33

I do agreed that we must not keep all our coins in any exchange...  For us to avoid a victim of scammer, And this is also for a security of our coins to. Cheesy
JeffBrad12
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July 03, 2016, 06:07:04 AM
 #34

Now that is happen again i guess most of traders wont gonna keep all their btc in exchange site now eventhough sites are trusted.
Is too risky to keep all of their BTC in exchange sites because any circumstances it's can happen for exchange sites. but I think all of the people is smart for now to keep their bitcoin in the private or offline wallet. but sometimes I find people who having a problem with this too. but I appreciate about this topics.

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July 03, 2016, 06:08:23 AM
 #35

Wallets are also not completely safe...yes we should keep them in wallet but activating srcurity of wallet is important too...like enabling 2fa in the wallet..so prevent out coins from any hack ..and increasse the security
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July 03, 2016, 06:09:45 AM
 #36

Wallets are also not completely safe...yes we should keep them in wallet but activating srcurity of wallet is important too...like enabling 2fa in the wallet..so prevent out coins from any hack ..and increasse the security
This will also be not enough to secure the coins, better to have all coins in a paper wallet which stored in offline places.

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July 03, 2016, 06:30:04 AM
 #37

I never trust my coins on an exchange.

I will move a couple coins specifically to sell / buy at certain levels but as soon as im done making
the trade I move the money back to my wallet right away.

I guess if you day trade its pretty stressful



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Rainbot
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July 03, 2016, 06:35:53 AM
 #38

Is no one working on a decentralised exchange that wors kind of like bitcoin or open bazaar where you can run a client on your side and then there would be no way that your coins could get stolen since there would be no owner? I thought i heard talkof this a few months ago? has anyone heard anything else on this?

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July 03, 2016, 06:37:41 AM
 #39

yeah never keep btc on any exchange wallet site. they are very risky and at previous many ppls face scammed there.. and wish keep your bank account like PM,blockchain or payza ,pp better Cheesy
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July 03, 2016, 06:45:31 AM
 #40

Gox
Cryptsy..

If you have most of your coins in Bitfinex.. there will be little mercy when they disappear.

why you think bitfinex could turn in scam?
but by the way , if you don't have your priv key (and you and only you) your coins are not "safe" Cheesy
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