NEver keep all your coins on an exchange

[Xenophoto]

If your money is in bitcoins, there's no reason to keep them in an altcoin exchange website unless you put it there to buy a certain altcoin. Same goes for an exchange website, no reason for you to keep it there if you're not selling your bitcoins into fiat. You should just put it in your wallet. Use blockchain or some other secure wallet. Exchange sites hold a lot of bitcoin which make it hot in the eyes of hackers. Just one operation and they'll be millionaires for life.

[Milkduds]

Find it odd that people would rely on a exchange to keep their coins safe after all the things that have happened through out bitcoin history. It would be like leaving your wallet on the front seat of a car with the key in the ignition and expecting it to still be there 3 hours later in the seediest part of town.
It surprises me that people still do this but not  to big of a shock that a segment of the bitcoin universe is still doing this.

[Mastsetad]

Find it odd that people would rely on a exchange to keep their coins safe after all the things that have happened through out bitcoin history. It would be like leaving your wallet on the front seat of a car with the key in the ignition and expecting it to still be there 3 hours later in the seediest part of town.
It surprises me that people still do this but not  to big of a shock that a segment of the bitcoin universe is still doing this.

Exactly, the ones who believes those exchanges blindly by keeping all their bitcoins in them are crazy if they are still doing it after what happened to bitfinex because that is what can happen to any exchange so someone should just keep his trading capital there but not any extra bitcoins.

[lol3c]

Thanks for this tip. Many people have been robbed bitcoin by hackers and I won't make this mistake again. This is due to the subjective feeling which makes you feel that you are safe and secure. I am a cautious person. I also divide my bitcoin into 3 parts and put them in 3 different wallets so that I will reduce the amount of bitcoin being stolen if I am hacked.

[rickadone]

How about another exchanget like poloniex or bitrex? i think the both of them is the best and good then another exchanger.

you cannot trust any exchange no matter how trustworthy or popular it is. The best is for you to try as much as you can to have your coin in different exchangers and on your private wallet should any unfortunate event befalls those guys you can be sure you are not totally grounded. Like having multiple wallets, having accounts in multiple exchanges also having big advantages.

[Golftech]

I never keep my bitcoins on any exchange as its dangerous and they are prone to hacking because hackers know that exchange site has many reserve coins for paying such services they are using. I'm using some local wallets to avoid hassle and also practicing using offline wallets even if takes me so long.

that's right it much better to wait than to lose our hard earned coin, for sure it is much better practice to all of us
think for our investment and make it sure that it is well safe in our hands.

[Flodemaga]

The bitfinex should be a lesson for the most, in the past mr gox has scammed a lot users here, soo we do learn with mistakes and no one should let all the coins at one exchange, doing that is taking a huge risk to loose those.

[bitcoluck]

I never keep my bitcoins on any exchange as its dangerous and they are prone to hacking because hackers know that exchange site has many reserve coins for paying such services they are using. I'm using some local wallets to avoid hassle and also practicing using offline wallets even if takes me so long.

I would not suggest anyone to store it on their own computer, because personal computers are way easier to hack in general.

[ekoice]

Yes thats why i use electrum wallet.Its safe and secure.I dont know how more will people loose by keeping all of their coins on an exchange

[Rusmintan]

Yes thats why i use electrum wallet.Its safe and secure.I dont know how more will people loose by keeping all of their coins on an exchange

I just use the bitcoin wallet and store the wallet in an offline place. It is quite safe and secure.

[marleybobthedog]

Yes exchange sites, investment sites and some wallets are money laundering scheme and we should never trust them. They found ran away with our money any time. We should never keep money with 3rd party. Instead we should choose official wallets like blockchain for bitcoin, dogechain for doge coin and same for other could too.

[crairezx20]

Yes thats why i use electrum wallet.Its safe and secure.I dont know how more will people loose by keeping all of their coins on an exchange

I just use the bitcoin wallet and store the wallet in an offline place. It is quite safe and secure.

Just hold your private keys and backup password and just keep them safe you can save your bitcoins for a long time safety.  in any exchange site is risky.. for me since we are experience like bitfinex and mt gox was collapse.
Same here i am using electrum its more safe for me too..

[Fredomago]

Yes exchange sites, investment sites and some wallets are money laundering scheme and we should never trust them. They found ran away with our money any time. We should never keep money with 3rd party. Instead we should choose official wallets like blockchain for bitcoin, dogechain for doge coin and same for other could too.

yes blockchain is what i prefer using as of now since btc really moving up its very hard to entrust my btc with any third party wallet unless when im doing some trades and i withdraw it right away after i got good profits with my investment, keeping it store to block chain wallet will allow me to secure my self that my money is in good system.

[n0ne]

Some users get into trap, while they keep all their hard earnings into exchange websites for mere profit. At the end loses everything. So to avoid, and to be on the safer side it's better to save it in offline wallets or other trusted wallets like Blockchain.info.

[oblivi]

No matter how many times this is repeated, I keep hearing on forums on people are holding their coins on coinbase, or whatever exchange, simply because they are too lazy to do any research and realize how dumb that is.
This thread should be stickied or something, no matter how many times it's said, people don't learn.

[Bitcoinsummoner]

Yes exchange sites, investment sites and some wallets are money laundering scheme and we should never trust them. They found ran away with our money any time. We should never keep money with 3rd party. Instead we should choose official wallets like blockchain for bitcoin, dogechain for doge coin and same for other could too.

yes blockchain is what i prefer using as of now since btc really moving up its very hard to entrust my btc with any third party wallet unless when im doing some trades and i withdraw it right away after i got good profits with my investment, keeping it store to block chain wallet will allow me to secure my self that my money is in good system.

I think it is more trusted to hold our bitcoin is in electrum and bitcoin-qt because those online wallet can be risky.. and anytime they can be collapse.. like coinbase and xapo without any fee i don't know if blockchain can also be live for a long time since they are asking for a fee..

[crairezx20]

It is not good to keep your all your coins in one exchange yeah spreading them can be less risk but how about if those exchange site are all the same situation like bitfinex.. so i think better to save your coins in proper wallet if you have litecoin doge coin or other altcoin you should have a computer that can install lots of wallet for your altcoin. .for best and safe keeping those altcoin..

[nara1892]

Gox
Cryptsy..

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

I wonder why people choose to save their coins on an exchange they can't control and they don't have the private keys instead of their own wallet they can control and they have the private keys.

before I read this thread, I have been always saving my coins on my own wallet, and it's safe. unlike exchange, I've heard an exchange was hacked. so dangerous.

[Taki]

The story with Bitfinex teached all of us to not keep money on one place. I think it is not safe to hold bitcoins in an exchanger generally. They have low security protection so if you are holding your coins on some exchanger site you already mase say goodbye to it. You never know in wich moment of time it going to be hacked.

[mastica]

Gox
Cryptsy..

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

I wonder why people choose to save their coins on an exchange they can't control and they don't have the private keys instead of their own wallet they can control and they have the private keys.

before I read this thread, I have been always saving my coins on my own wallet, and it's safe. unlike exchange, I've heard an exchange was hacked. so dangerous.

Sure some exchanges arent safe for use, you should know which you must trust. People does invest into exchanges because them are the easy way to make more bitcoins taking a risk, trading does mooves a lot of bitcoins daily.