NEver keep all your coins on an exchange

[Barbut]

Never keep your coins on some exchange site, never invest your money in cloud mining services, never gamble all in. For sure there is couple more rules that people need to follow if they wish to not lose their money fast. I'm wonder often how many sheep's and wolf's there is on this forum, too many obviously. I don't get how they trust and believe in some services that are proven to be frauds, sooner or later.
Well I think there will be always sheep's and wolfs around, we can't do nothing to change that.

[facepalm]

Never keep your coins on some exchange site, never invest your money in cloud mining services, never gamble all in. For sure there is couple more rules that people need to follow if they wish to not lose their money fast. I'm wonder often how many sheep's and wolf's there is on this forum, too many obviously. I don't get how they trust and believe in some services that are proven to be frauds, sooner or later.
Well I think there will be always sheep's and wolfs around, we can't do nothing to change that.

My honest opinion:
A lot of people are either greedy or stupid, mostly both.
If somebody puts his savings into cloudmining an loses the money, I feel no pitty for that person.

[ultrloa]

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.

Maybe those event happen on mtgox and now bitfinex has opened some eyes for those big whales who usually put some huge amount of btc in their exchanger wallets so they will not get compromised if it will be hit by those hackers,  maybe theirs inside job happened their(Who knows) but i think the best thing we could do to counter measure this thing is to not put our wealth on one basket so if other exchanger will compromise well we can still have another money left in our risky pocket.

[susila_bai]

Never keep your coins on some exchange site, never invest your money in cloud mining services, never gamble all in. For sure there is couple more rules that people need to follow if they wish to not lose their money fast. I'm wonder often how many sheep's and wolf's there is on this forum, too many obviously. I don't get how they trust and believe in some services that are proven to be frauds, sooner or later.
Well I think there will be always sheep's and wolfs around, we can't do nothing to change that.

You can do lot of changes in yourself that will safe you from this sheeps and wolfs, like, keep the limit for every day play and dont exceed your limit , always control your greed if you lost the limit for that day just leave it and join next day
And never ever trust if anyone is telling some income method which is highly not possible because because genuine income only comes in low profit.

and it is really true that keeping all coins in one exchange will make you cry if the exchanges get hacked or they start to scam. better to withdraw when you dont have any coins to buy or else keep only 20% of you bitcoin bankroll.

[dunfida]

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.

Yes i agree, we easily trust them since our funds and coins are at there and we wouldnt even know when those trusted sites would be hacked by anybody or just an inside job i guess. As of now we must accept  the risk  regarding to our coins   when they are still on exchanges btw   all investment have risk afterall.

[Bitcoin0816]

I agree with this  many exchanger cannot be trusted my friend already send coin to other exchange but there is no coin receiving in her wallet,  always take care when you send your coin to other exchanges.

[1Referee]

I agree with this  many exchanger cannot be trusted my friend already send coin to other exchange but there is no coin receiving in her wallet,  always take care when you send your coin to other exchanges.

If that has heppened to your friend, then he must contact the exchange in question as something could be wrong. Also, what is the exchange he sent his coins to? If he sent his coins to a shitty/shady exchange, then it's for a big part his own fault.

[Hoor]

yes i am agree with putting all coins in exchange is really risky.

[pearnapple]

yes i am agree with putting all coins in exchange is really risky.

of course it is really risky, the bitfinex hack showed us that it is really risky to hold your bitcoins on an exchange because it can be stolen

[fiomcorka]

If I buy altcoins that don't even have wallets like agoras or maidsafe, how im supposed to not keep them at the exchange if its the only way to hold them?

Also I need some btc in exchange for quick movements, i cant wait for transactions.

This is one of the problem that you can't avoid.  Having a coins that don't have a wallet at all where you can save in your computer.  There is no other way but to leave it on exchange and pray that exchange will exist until  you have sold or wallet is available for your coins.  And the thing that we want to buy something yet it is not yet filled is also unavoidable.

I don’t know why anyone would want to do that. I’m assuming they don’t care if they lost all there coins, but then again how many hackers are going to want to hack for altcoins when they are hardly used?

[Mastsetad]

I agree with this  many exchanger cannot be trusted my friend already send coin to other exchange but there is no coin receiving in her wallet,  always take care when you send your coin to other exchanges.

It is not about trusting all the time, though trust is also something should be in mind but in most cases exchanges get hacked by evil users of internet, so that is why keeping all your coins in a exchange is not safe.

[Astonuse]

I agree with this  many exchanger cannot be trusted my friend already send coin to other exchange but there is no coin receiving in her wallet,  always take care when you send your coin to other exchanges.

It is not about trusting all the time, though trust is also something should be in mind but in most cases exchanges get hacked by evil users of internet, so that is why keeping all your coins in a exchange is not safe.

That is the reason I keep most of the bitcoin in my own wallet. I just leave some in the exchanges to trade.

[Straux]

I agree with this  many exchanger cannot be trusted my friend already send coin to other exchange but there is no coin receiving in her wallet,  always take care when you send your coin to other exchanges.

It is not about trusting all the time, though trust is also something should be in mind but in most cases exchanges get hacked by evil users of internet, so that is why keeping all your coins in a exchange is not safe.

That is the reason I keep most of the bitcoin in my own wallet. I just leave some in the exchanges to trade.

There are some instant exchanges, where you can deposit your bitcoin and sell it without any confirmation. The coins that you receive after selling these are unusable however until a confirmation happens, and the transaction will be reverted if the bitcoin deposit is forgotten by the network.

[dunfida]

I agree with this  many exchanger cannot be trusted my friend already send coin to other exchange but there is no coin receiving in her wallet,  always take care when you send your coin to other exchanges.

It is not about trusting all the time, though trust is also something should be in mind but in most cases exchanges get hacked by evil users of internet, so that is why keeping all your coins in a exchange is not safe.

Thats why im not focusing  on 1 exchange site  because  i i putted all my bitcoin  on  a site then suddenly been hacked then i got wrecked so bad compare   to   scattered all your bitcoin  on some exchanges so that if one would be lost then you could easily recovered from the remaining investments.

[useless4]

Never keep your coins on some exchange site, never invest your money in cloud mining services, never gamble all in. For sure there is couple more rules that people need to follow if they wish to not lose their money fast. I'm wonder often how many sheep's and wolf's there is on this forum, too many obviously. I don't get how they trust and believe in some services that are proven to be frauds, sooner or later.
Well I think there will be always sheep's and wolfs around, we can't do nothing to change that.

but yeah all those gambling websites make bitcoin even bigger so i would definitely not advice people to avoid gambling websites

[Jasad]

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.

many times i heard about people used an exchange as their wallet ,
yepp it is pretty stupid especially when you are storing about a lot of money ,
the hacked exchange should be our lesson to not go full 100% trust ,
even an exchange have a very trusted reputation.

[danherbias07]

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.

many times i heard about people used an exchange as their wallet ,
yepp it is pretty stupid especially when you are storing about a lot of money ,
the hacked exchange should be our lesson to not go full 100% trust ,
even an exchange have a very trusted reputation.

If that is a cheap exchange website then it is likely to steal a person with a lot of bitcoin that will be stored. But for those who are known they have the thinking that trust is essential for that certain exchange to survive. Though some end up being a scam site.

[agamasrori]

I think the best strategy in trade at exchanger is put bitcoin as much as we can. So the amount that increase will by big. Then after we done our trade, we should be withdrawl all of our bitcoin in to wallet. So the risk will be reduced.

[pinkpanther03]

I agreed, it is much better to be careful to avoid by the victim of scammer's out there.  Just remember every time we earn bitcoin withdraw it at once then store it in the safest storage wallet so you can surely have savings in the future,..

[lionheart78]

I agree with this  many exchanger cannot be trusted my friend already send coin to other exchange but there is no coin receiving in her wallet,  always take care when you send your coin to other exchanges.

Yes the problem of exchanges not receiving deposit  is normal, just file a support ticket and they will look at the issue.  It happen to me several times and after filing a support ticket, they fix it.  About keeping the coins, it would be wise if you spread out your coins to avoid losing them all when something happen to the exchange.  Just what happen in cryptsy, on of my friend keep all his coin in it and lost it when cryptsy shutdown.