NEver keep all your coins on an exchange

[Deep1]

So Coinbase is risky to keep btc in then? I have my btc in their wallet.

[Woodie]

This is some good advice but the only problem is when you are trying to exchange your bitcoins for another currency... this confirmation waiting peroid takes long #Patience_ISSues

[richardsNY]

So Coinbase is risky to keep btc in then? I have my btc in their wallet.

It doesn't really matter what kind of exchange or wallet service you are using to store your coins in. In all cases you don't own what you actually have as the exchange or wallet service has full control over your coins. Coinbase is well insured against thefts and all that, but even while knowing that, I would never store my coins at any place beside offline where I have full control over every Satoshi that I own.

[croutonhexagon]

I had already learnt lesson from exchange site . Although i had loosed only few doge coin but still loss is loss and as a student i can't afford to loss any of my money. All these third party bitcoin services are all scam. Because without scamming they can't last longer as sometimes they face losses and to recover that they makes these shit

[iamTom123]

As long as we are not keeping the coins under our own pillows and in many exchanges available, then there would always be risks involved. However, we need them so we better choose one which can be more trustworthy and reliable. Since I am from the Philippines, am using a local company named Coins.Ph though I have some BTC in CoinPayments too.

[BitcoinGirl.Club]

Well with another exchange going down just last week i would think not to leave anything in their hands no matter what they tell you about how secure they are.

[johnnyyash]

Indeed, that is what I advise to everyone I speak to / educate on Bitcoin/Cryptos!! Then PC security aswell.

so timely and good say and advice...serving as source of encourage to all!!!! nice one

[MTBTT]

So Coinbase is risky to keep btc in then? I have my btc in their wallet.

we do not say that Coinbase would be a scam, but for all the third party I think will always have risks. it is better if you remain cautious and do not keep all your money in it
moreover Coinbase not exchange dude

[SuckMyToys]

Anyone here use 796? I'm having issues with a withdraw on there. So far no response from support.

[walker30]

Yes.. allways hold you coin in official wallet if you want hold for long time...

[Vinz24]

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.

So, how we trade if we dont put coins on an exchange site? It is a part of a risk as a trader, you wont gain anything if you dont put a thing. I'll rather risk it in exchange that put my coins of hyip/ponzi site.

[Xenophoto]

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.

So, how we trade if we dont put coins on an exchange site? It is a part of a risk as a trader, you wont gain anything if you dont put a thing. I'll rather risk it in exchange that put my coins of hyip/ponzi site.

It's easy, if you're going to buy a coin, then deposit your bitcoins. Transfer the altcoin into your wallet. If you're going to sell an altcoin, deposit it the exchange site and then withdraw the bitcoin that you'll get afterwards. There might be some transaction fees for doing so but it's better to pay a small amount of money to be safe than to not pay anything at all and be unsafe.

[Aamir1]

This is some good advice but the only problem is when you are trying to exchange your bitcoins for another currency... this confirmation waiting peroid takes long #Patience_ISSues

That should not matter if you are just exchanging them to another currency and you confirmation is taking time, but you should not just keep your bitcoins in a exchange like how you keep them in a wallet, that can create problems for you if something happens to that exchange site.

[Doamader]

This is some good advice but the only problem is when you are trying to exchange your bitcoins for another currency... this confirmation waiting peroid takes long #Patience_ISSues

That should not matter if you are just exchanging them to another currency and you confirmation is taking time, but you should not just keep your bitcoins in a exchange like how you keep them in a wallet, that can create problems for you if something happens to that exchange site.

Well we do need exchanges to make our trades and investment, and sure not all exchange can get such trust, soo you need to choose yours exchanges and always try to avoid big ammounts into something new at the market.

[BitHodler]

This is some good advice but the only problem is when you are trying to exchange your bitcoins for another currency... this confirmation waiting peroid takes long #Patience_ISSues

That should not matter if you are just exchanging them to another currency and you confirmation is taking time, but you should not just keep your bitcoins in a exchange like how you keep them in a wallet, that can create problems for you if something happens to that exchange site.

Well we do need exchanges to make our trades and investment, and sure not all exchange can get such trust, soo you need to choose yours exchanges and always try to avoid big ammounts into something new at the market.

If you're trading, then you of course can't avoid having a certain amount of coins in your exchange account for a certain period of time.

The problem is when people don't withdraw their coins after they are done with trading.

No matter how many exchanges have gone bankrupt, some people are still using exchanges as a long term storage solution. These people are really dumb.

[Deep1]

So Coinbase is risky to keep btc in then? I have my btc in their wallet.

It doesn't really matter what kind of exchange or wallet service you are using to store your coins in. In all cases you don't own what you actually have as the exchange or wallet service has full control over your coins. Coinbase is well insured against thefts and all that, but even while knowing that, I would never store my coins at any place beside offline where I have full control over every Satoshi that I own.

So what offline wallet do you recommend?

[poplolnman]

So Coinbase is risky to keep btc in then? I have my btc in their wallet.

It doesn't really matter what kind of exchange or wallet service you are using to store your coins in. In all cases you don't own what you actually have as the exchange or wallet service has full control over your coins. Coinbase is well insured against thefts and all that, but even while knowing that, I would never store my coins at any place beside offline where I have full control over every Satoshi that I own.

So what offline wallet do you recommend?

never be a good idea to store your bitcoin in third party like an online wallet and exchange , it's okay if you stored low amount only just to spend daily purpose. but if you talking a large amount storing your bitcoin on an exchange in the long term really a blunder it's has proven on how mtgox , cryptsy and bitfinex claimed hacked it should be a good example.

[Deep1]

So what offline wallet do you recommend?

never be a good idea to store your bitcoin in third party like an online wallet and exchange , it's okay if you stored low amount only just to spend daily purpose. but if you talking a large amount storing your bitcoin on an exchange in the long term really a blunder it's has proven on how mtgox , cryptsy and bitfinex claimed hacked it should be a good example.

I have just came back to btc after 2 years, but i'm not going to keep all my BTC there, so I just have a little amount there to shop online and buy some steam games.

[thejaytiesto]

This is still the most common mistake among newbies. People buy their bitcoins on coinbase, circle, or any of those sites, and they almost never do any other research than that, they think they are set and it's safe to leave the coins on there. Those people will learn the hard way.

[Zadicar]

So what offline wallet do you recommend?

never be a good idea to store your bitcoin in third party like an online wallet and exchange , it's okay if you stored low amount only just to spend daily purpose. but if you talking a large amount storing your bitcoin on an exchange in the long term really a blunder it's has proven on how mtgox , cryptsy and bitfinex claimed hacked it should be a good example.

I have just came back to btc after 2 years, but i'm not going to keep all my BTC there, so I just have a little amount there to shop online and buy some steam games.

If i were you , you  should   not  waste your money  on buying those besides you are just back  up to bitcoin world  you should utilize and diversify the bitcoin that you remain  in previous years  not  on wasting them  but still  its your decision though  to make such action because its  your own  money. Keeping  money on  exchange sites do  have really risk of lossing it.