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Author Topic: NEver keep all your coins on an exchange  (Read 25711 times)
JITENDERPAR3
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August 29, 2016, 05:19:42 AM
 #241

if we talk about the the store btc at exchange site then the  main fear arise in the mind is bitfinex where many persins had lost there btc but i think in my openion , i will say we should keep that amount of btc at exchange site which is more for daily profit . in this way there will be less chance to loss all of our btc .
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August 29, 2016, 07:02:06 AM
 #242

if we talk about the the store btc at exchange site then the  main fear arise in the mind is bitfinex where many persins had lost there btc but i think in my openion , i will say we should keep that amount of btc at exchange site which is more for daily profit . in this way there will be less chance to loss all of our btc .
I think there is no exchange sites are completely safe because they might have an evil purpose. bitfinex might have been planning this from the beginning. they are looking for and nurture the trust after they have trust and they get a lot of users. of course there will be plenty in the wallet main bitcoin. then they will steal it. be careful with third party dude
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August 29, 2016, 07:04:57 AM
 #243

if we talk about the the store btc at exchange site then the  main fear arise in the mind is bitfinex where many persins had lost there btc but i think in my openion , i will say we should keep that amount of btc at exchange site which is more for daily profit . in this way there will be less chance to loss all of our btc .

I send bitcoin to exchanger when the price was up or when I need some money for my daily necessity only. I never leave my bitcoin for longer time at any exchanger. I am affraid cause exchanger looks easier to hack by someone outthere!

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August 29, 2016, 07:25:37 AM
 #244

Gox
Cryptsy..

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

You are correct, bitfinex suffered a hack case, lol, you are the prophet to know the future. How about bittrex and poloniex?
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August 29, 2016, 12:40:29 PM
 #245

I dont know why i should not keep my coins in exchanger if i am carefully then i think that nobody cant stole my money from my wallet so i keep my money in exchanger really long time and it is still there in exchanger.
well i guess you didnt learn about the bitfinex hack, it should be never done because no one knows what might happen

That's why i never keep my bitcoins on exchanger, it's really risky because they can take your coins or a hacker hack that exchanger sites like happened to bitfinex.
I think the store in exchange bitcoin is not a problem. as long as you keep in your bitcoin exchange site that is reliable. or maybe you could put it in the local exchange. where you know the complete address of the owner of the exchange sites
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August 29, 2016, 02:59:02 PM
 #246

Gox
Cryptsy..

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

You are correct, bitfinex suffered a hack case, lol, you are the prophet to know the future. How about bittrex and poloniex?
i doubt that this is going to happen but in my opinion you should surely never hold your bitcoins on an exchange because you might lose it for sure

 
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August 29, 2016, 07:17:21 PM
 #247

I dont know why i should not keep my coins in exchanger if i am carefully then i think that nobody cant stole my money from my wallet so i keep my money in exchanger really long time and it is still there in exchanger.
well i guess you didnt learn about the bitfinex hack, it should be never done because no one knows what might happen

That's why i never keep my bitcoins on exchanger, it's really risky because they can take your coins or a hacker hack that exchanger sites like happened to bitfinex.
Many people like myself use the exchanges for small amounts. I never have more than $100 dollars on any exchange. They are convenient in many cases for my trading. That being said I also have to agree with you. People need to know that they should be prepared to lose their coin if they keep it ALL or even small part on an exchange.
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August 29, 2016, 10:53:25 PM
 #248

I also do the same it was a lesson for all of us who often kept their money in exchanges, and those online wallets which do not have any good review or history are also not good for keeping our bitcoins in there , as they also can be hacked.
even there is some people used an exchange as their online wallet lol ,
we should never trust any wallet that involved with third party ,
as bitcoin wallet is private , you should not tell and held your private key to anyone ,
by storing bitcoin in third party like an exchange and other online wallet which you did not hold the private key , you are just giving away your bitcoin.
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August 29, 2016, 11:07:18 PM
 #249

I dont know why i should not keep my coins in exchanger if i am carefully then i think that nobody cant stole my money from my wallet so i keep my money in exchanger really long time and it is still there in exchanger.
well i guess you didnt learn about the bitfinex hack, it should be never done because no one knows what might happen

That's why i never keep my bitcoins on exchanger, it's really risky because they can take your coins or a hacker hack that exchanger sites like happened to bitfinex.
yeah i also do the same. I did not keep my bitcoin in exchange. I just do transactions at the exchange when I needed money or when I want to convert it to a fiat? but I also keep bitcoin in exchange but make sure you do not save too much in exchange bitcoin it

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August 29, 2016, 11:10:09 PM
 #250

Some have made a good point. How I am supposed to hold coins that don't even have wallets yet and im holding long term like maid or agoras? Is Omniwallet safe?
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August 30, 2016, 12:54:30 AM
 #251

Some have made a good point. How I am supposed to hold coins that don't even have wallets yet and im holding long term like maid or agoras? Is Omniwallet safe?
yeah it is a really great suggestion, to be honest i never do that to not lose money
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August 30, 2016, 01:03:55 AM
 #252

I also do the same it was a lesson for all of us who often kept their money in exchanges, and those online wallets which do not have any good review or history are also not good for keeping our bitcoins in there , as they also can be hacked.
even there is some people used an exchange as their online wallet lol ,

as bitcoin wallet is private , you should not tell and held your private key to anyone ,
by storing bitcoin in third party like an exchange and other online wallet which you did not hold the private key , you are just giving away your bitcoin.
Private key has always become a general things before you're wanna for saving your money in a place, and maybe I know if you are trader and anytime you don't have a time for moving your funds into your wallet but for the normal people is not a traders and keep their money in exchange site. stupid ever.

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August 30, 2016, 01:44:15 AM
 #253

I also do the same it was a lesson for all of us who often kept their money in exchanges, and those online wallets which do not have any good review or history are also not good for keeping our bitcoins in there , as they also can be hacked.
even there is some people used an exchange as their online wallet lol ,

as bitcoin wallet is private , you should not tell and held your private key to anyone ,
by storing bitcoin in third party like an exchange and other online wallet which you did not hold the private key , you are just giving away your bitcoin.
Private key has always become a general things before you're wanna for saving your money in a place, and maybe I know if you are trader and anytime you don't have a time for moving your funds into your wallet but for the normal people is not a traders and keep their money in exchange site. stupid ever.
I had lost my private see keys, not the key to acess and the wallet had some balance inside, i got pissed to had lost those. I do trust poloniex in fact they have now 80% from the bitcoins i own, but im happy with them and i dont believe they will scam or let any hacket take the business down.
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August 30, 2016, 01:51:51 AM
 #254

Surely you will never want to keep all your coins in one place. If someone gets access to you wallet, unfortunately you may have funds taken from you. The wise thing to do is to keep it in different locations, taking all necessary security measures.

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August 30, 2016, 01:54:30 AM
 #255

I trust bittrex and polo, they don't have any issues or scam case within 2-3 years.

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August 30, 2016, 02:24:56 AM
 #256

I trust bittrex and polo, they don't have any issues or scam case within 2-3 years.

Don't put all tour coins in these exchanges still you'll never know when they will declare they were hacked.
Trusted members don't even trust blockchain wallet when it has been up since the start.









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August 30, 2016, 05:21:29 AM
 #257

I trust bittrex and polo, they don't have any issues or scam case within 2-3 years.

yes, we all trust bittrex and polo
and also we have all trusted bitfinex, cryptsy and also mtgoxx but now look what happened to all those exchanges.

it is not a matter of trust you see.

to the moon with bitcoin...
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August 30, 2016, 06:34:45 AM
 #258

Surely you will never want to keep all your coins in one place. If someone gets access to you wallet, unfortunately you may have funds taken from you. The wise thing to do is to keep it in different locations, taking all necessary security measures.
I know about that, before thinking continuously about someone can get access into my wallet, just think about moving my funds into my offline wallet is really make me confused because it's too long. but keep or not my funds if wallet i think that is not problem if i have my private keys.

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August 30, 2016, 06:48:38 AM
 #259

I trust bittrex and polo, they don't have any issues or scam case within 2-3 years.

yes, we all trust bittrex and polo
and also we have all trusted bitfinex, cryptsy and also mtgoxx but now look what happened to all those exchanges.

it is not a matter of trust you see.
Not a matter of trust.Matter of stupidity for day traders to keep their coins in an exchange's wallet.No exchange asks you to do that either.It's the irony,all the exchange attacks are always inside jobs.I wonder if this is decided within the four walls.Only way we can fight back is by awareness.
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August 30, 2016, 06:58:39 AM
 #260

Exactly. If you are a bitcoin holder, hold them in your core wallet installed in your own pc. That's the best option. If that's too heavy for your system, use electrum. If you don't trust electrum, use paper wallet. Exchanges come and go. You never know which one will be goxed next.

Now Gox is a verb.  Grin They are all saying to keep it in a core. But there are a lot of small bitcoin users who dont know that and still using bitcoin wallet exchange sites. Those are the people that should be reached out to tell them "use this it is better and safer".
Those exchanges will be having a problem on scamming people with just a little in their pockets.
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