NEver keep all your coins on an exchange

[CuriousGeorge]

Would you guys recommend storing your coins on myethwallet? They allow storing different kinds of coins as far as i know. And so are shapeshift. Storing coins in these app can help me access them anywhere with just my Tablet.

I will not comment on this but I can suggest you a few alternatives which are : holytransaction, blockchain ( for only btc ) , dogechain ( for doge coins ) , poloniex and many others
Note : I am not at all saying these sites will nevr scam but they are running since long time.

Technically, blockchain.info would be the safest of those listed (based on the ones I know), as you can get your private key. That said, you will never be safe unless you hold your coins locally and keep them highly protected. No online site is going to change that.

i'm also thinking that blockchain is safe because they're already making advertisement video and it's looks proffesional just see in youtube,it's pretty good,the other just don't want to waste money no advertising

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[ranlo]

Would you guys recommend storing your coins on myethwallet? They allow storing different kinds of coins as far as i know. And so are shapeshift. Storing coins in these app can help me access them anywhere with just my Tablet.

I will not comment on this but I can suggest you a few alternatives which are : holytransaction, blockchain ( for only btc ) , dogechain ( for doge coins ) , poloniex and many others
Note : I am not at all saying these sites will nevr scam but they are running since long time.

Technically, blockchain.info would be the safest of those listed (based on the ones I know), as you can get your private key. That said, you will never be safe unless you hold your coins locally and keep them highly protected. No online site is going to change that.

i'm also thinking that blockchain is safe because they're already making advertisement video and it's looks proffesional just see in youtube,it's pretty good,the other just don't want to waste money no advertising

It's only safe because you get the private key. Whether or not they advertise is irrelevant. You are still worse off with them than you are holding coins on your own. Anyone else who has your private key has access to your funds.

[prtty2gal2]

"Never keep any coins on an exchange" should be the title

Why are you so negative about the exchanges that we should NOT keep ANY coins there ? Maybe because you got scammed by some exchange, right ?

In that case friend I am sorry to say but you choose the wrong site and in future you should choose the right ones.
And yes keeping all coins on exchange is like gambling with the honestly of the owner.

[BitcoinPanther]

I agree dont keep all your coin in an exchange if you are not using it or placed in buy or sell wall.  Better withdraw your coin that is not in for trading especially your BTC because we never know what will happen to the exchange on the next dayl.

[Monnt]

no one would definitely choose unfamous   exchanger   if they are actually dumb to  put their money on those sites. As of now i think poloniex,btc-e,c-cex,yobit, bittrex is quite  famous on exchange sites as of now but  theres also a risk  on all of those exchange sites thats why i didnt put all my money their if i got profits i usually  withdraw it directly.

And you know friend, the big exchanges are the ones who scam on most of the occasions because they have accumulated enormous amounts. So yes I am not saying that keep your funds in a new exchange but keeping them in a old and trusted site does not mean that you will never face a scam at all.

[Blackmet]

I'm not following this advice, but i fave my bitocoins on different wallets cause i'm also paranoid and safety is very important for me here.

[richardsNY]

I agree dont keep all your coin in an exchange if you are not using it or placed in buy or sell wall.  Better withdraw your coin that is not in for trading especially your BTC because we never know what will happen to the exchange on the next dayl.

Even when it isn't for safety purposes, the idea alone that someone other than you is controlling your coins, is horrible. You should have the full control over your coins, and not whatever service or exchange.

[BitGirls]

keeping our money in exchanges is just a foolish thing as exchanges are places of to exchange our money and for keeping and storing we have wallets available.

[traderbit]

keeping our money in exchanges is just a foolish thing as exchanges are places of to exchange our money and for keeping and storing we have wallets available.

Welcome to the forum(your first post), it is true that there are lots of wallets that are safe enough to keep our bitcoins but sometimes we need to trader them for another coin or for cash so we sometimes risk all our funds by sending to exchanges because of high potential profit that we expect.

[23dzmaz]

Yeah, i also never keep all my bitcoins on an exchanger. Because they have the control of your bitcoins and there are many tragedy about hacker hack exchanger. So it's better to keep it all on your wallet.

[joshmacabe]

iam keep in all my coin in my wallet addres
not exchanger

[Doamader]

We need to trust into some exchanges, maybe not all of our coins but a part of them, otherwise how can we multiply and earn some fee if the coins are frozened and wont generate anything new, besides the value, that might change.

[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.

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.

did you know recent case about hacked exchange bitfinex?
they are trusted and have very large active trader stored thousands bitcoin there ,
but who know they manipulated everything by claiming themselves are hacked ,
it can be they just scam everyone.
never trust someone online easily , it will hurt you soon or later.

[MFahad]

I know that the blockchain itself is basically beyond attack.  That is the point of checking itself over and over until it proves that it is moving forward with the right blocks.  The issues come from things that are not a direct blockchain event.  Once the human element is put in there, it all goes to pot.

[posternat]

Online exchanges storing private keys, user info, and such.  There is never going to be an absolute secure situation, including the fact that even if a DB is unbreakable, there are the employees themselves that can walk away with information or whatever it is that they need. 

[JessicaSe]

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.

did you know recent case about hacked exchange bitfinex?
they are trusted and have very large active trader stored thousands bitcoin there ,
but who know they manipulated everything by claiming themselves are hacked ,
it can be they just scam everyone.
never trust someone online easily , it will hurt you soon or later.

How genuine it may look from outside we will never come to their intentions, they may operate for some time to gain trust from the people and once they have enough funds they may simply disappear.

[jam1nut0]

That is good advice because exchanges gets hacked often

[noormcs5]

That is good advice because exchanges gets hacked often

On any PC, even if the private keys never leave the PC, there are viruses that can log the user's keystrokes and transmit the data, there are copy/paste switching programs that can make you think that you are pasting your public address and switch it to another so that someone else is getting paid.

[bravehearth0319]

Gox
Cryptsy..

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

That's a good reminders to any member here in this forum. Though some are still doing it even they've already warned by the others. So I'm totally agreed for not keeping all coins in the exchange.

[daringdiscovered]

Gox
Cryptsy..

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

That's a good reminders to any member here in this forum. Though some are still doing it even they've already warned by the others. So I'm totally agreed for not keeping all coins in the exchange.

If we are doing a long trade on a certain altcoin or even bitcoin it is better to store them in their wallets to prevent losing them when one of those exchanges is hacked or that exchange collapse. It would be very disappointing to lose them without knowing what happen to your coin. It is like you're being robbed without knowing what happened.