NEver keep all your coins on an exchange

[ardentvolcanoes]

People won't learn until they experience it Even though they got bad experience, they'll do it again and again. So there's no point telling them repeatedly about this problem.

Yeah there's no sense to always giving them a warning because even they already know what will be the risk they would still prefering to do what they have done before again and it would be repeatedly happened . They already experienced the problem but they still dont learn the lesson

[akogwapo14]

Many people who pot their money to exchanges really know the risk but there is still newcomers that don't know that it's very risky to keep it there. Atleast we're always here  to remind new in exchanger and trading.

[romero121]

In my view only very few users have encountered such issues of losing bitcoin while its kept in the bitcoin exchange. I often have most of mine in yobit but never had any issues. At times website goes down but they have never taken bitcoin during the days of increased and decreased price.

[CrookDude]

I always keep my bitcoins in different wallets to be on the save side. and not losing my BTC if one wallet is compromised.

[SuperCoinGuy]

The Mt.Gox debacle affected a lot of users and I think almost everyone who was using Bitcoin at that time had deposited something there. It's not like the most trusted and popular Bitcoin exchanges nowadays are not susceptible to hacking incidents because anything could happen ranging from inside jobs to legitimate security breaches. And also if your current exchange hasn't had any problems till now that doesn't mean it won't have in the future so only hold amounts that you can afford to lose.

[rphk]

That is true i agree not to keep any coins on exchange , it is better to convert it to real currency and liquidate it , or buy btc and keep it on wallet it itself . Exchange should happen only whenever you require it.

[Bitcoinbro]

That is true i agree not to keep any coins on exchange , it is better to convert it to real currency and liquidate it , or buy btc and keep it on wallet it itself . Exchange should happen only whenever you require it.

It's not good nor safe to trust an exchange with your money. How big the exchange is.
That's why i sent them them to my wallet. This is not just for bitcoin but also for altcoins.

[1Referee]

When I'm about to do some trading I deposit my coins there, and when I am done trading I send everything back to my PC wallet where my coins are safe. I never leave them there.

[Iceborn]

This is finally one of the first time someone says that he never need to keep all your coins on an exchange or keep all your coins just safe.
Because coins need to roll before the price of the coin will rise so make sure you spent some.

[bitkilo]

This should not even be a topic anymore, I'm sure all the beginner guides to bitcoin mention it in the top 10 things not to do with bitcoin.

People will never learn though, i got a new debit card a couple of weeks ago and it actually still had written in big letters DO NOT GIVE YOUR PIN CODE TO ANYONE, i at least thought people would have learnt that one by now.

[serjent05]

This should not even be a topic anymore, I'm sure all the beginner guides to bitcoin mention it in the top 10 things not to do with bitcoin.

People will never learn though, i got a new debit card a couple of weeks ago and it actually still had written in big letters DO NOT GIVE YOUR PIN CODE TO ANYONE, i at least thought people would have learnt that one by now.

haha I agree but well there are people who just don't care, but actually whe should remind new comer for this.  One of the introduction about bitcoin is security, newbie thought exchanges is part of that secruity LOL.  Funny but it is true, so no harm in reminding them I think.  But for those hard headed who keep their  coin in exchange won't blame anyone if they lost all their coins 

[bravehearth0319]

keeping your coins in different exchange platform is normal it is because we trade our coins to make it grow.
Perhaps the people behind this topic is just giving a tip of advice according to his/her experience or maybe he/she concern to the traders who lost their coins in the exchange. And I don't see any wrong about the topic.

[Fatanut]

There's a bunch of scam accusations against YoBit which is one of the leading exchanges at the moment. Some people didn't receive the deposit money, some people can't withdraw money, not to mention, the support is not even responding to problems like this. Some even believe that YoBit is very likely to pull out a cryptsy scam. I think most alt coins have their own downloadable offline wallet so you might wanna use that instead of storing your coins all in an exchange website.

[Goms]

Now the question is: How do you avoid keeping some amount of coins in an exchange if you are a trader?

[doublemore]

Now the question is: How do you avoid keeping some amount of coins in an exchange if you are a trader?

Only keep what you can afford to lose is the answer.  Do your trade and withdraw bit by bit.  If you are a pro trader thats a real tricky answer. Make sure you are good enough to make tons of losable coins i guess.

[btvGainer]

Never keep ANY coin on ANY exchange.

Fixed.

Please people, learn to put your coins in your own local wallets where you control the private keys, never have coins in exchanges. How many times this has to be said? I guess some people never learn.

What about people like me who have less than 1 btc and saving up little amount to axd up to 1 btc? I get paid every week from signature campaigns.I have a laptop on which I can't download wallet, where should I keep my coins that I receive every week?

[noictib]

Don't Put Your All Coins On Exchange Because there is a Risk of Losing Funds. So put Your all Funds in local Wallets because you have Total Control of your Funds.....

[abugseuf]

yes that is an important issue to be discuss here. i think we should always select a standard and tr usable exchange only. because there is more chances to lose your money if you are not a verified and standard exchange for your bitcoin..

[Jambolb2]

Don't Put Your All Coins On Exchange Because there is a Risk of Losing Funds. So put Your all Funds in local Wallets because you have Total Control of your Funds.....

Good advice friends, because I also feel when storing large amounts of funds in the exchanger quite risky. If the site is down for maintenance then we have to wait for the repair process is completed. Moreover, if the exchanger is transformed into the scam sites
then you will lose your money. It is better to use a personal wallet, because we can access the private key from the wallet.

[fiscorcle]

there are trusted exchanges where you can keep your coins, traders using bots need to keep coins on exchanges. Even if exchange is trusted it can be hacked but hackers can take only hot wallet coins, I definitely trust Bittrex exchange.