NEver keep all your coins on an exchange

[SamMurphy]

I agree. Because first maybe another exchanger have a better offer (talking about the price of btc), second the exchanger hacked you will lose all your bitcoin and that's wouldn't be good.

[lottery248]

I agree. Because first maybe another exchanger have a better offer (talking about the price of btc), second the exchanger hacked you will lose all your bitcoin and that's wouldn't be good.

explicitly. unless there are provable evidences that they will be responsible to their debt and/or to chase back the fund from hacking if went bankrupt by any reason. exchange bankruptcy could ruin bitcoin's economy and trustless system would be more likely faithless.

[BitHodler]

Yes! One should not keep all coins in an exchange since it is very risky. We  dont know if it is still there tommorow as we wake up. And although some exchange are very secure still there are lots of hackers that are willing to steal your coins. All i can advice is to invest what you can afford to lose.

I usually do not keep more than 10% of my funds on any exchange. You can’t be always sure about the security of your funds so having a secure cold storage is what I trust and use to store my bitcoins. There is 2-factor authentication enabled but still it does not guaranty the full proof safety and it has nothing to do with the hacking of the website network. The best way to trust on self and maintain good and secure cold storage.

It's personal for every person as we all have different standards for how many coins we need to do some trading for example.

But putting that aside, you pointing your focus at the security of an exchange is always a good thing, but nowadays operators performing inside jobs pose a much bigger threat than hackers.

Look at MtGox, MintPal, Cryptsy, it were the operators that have made these exchanges go down with a lot victims as result. I believe Bitfinex is no difference. It was an inside job.

[clickerz]

I usually do not keep more than 10% of my funds on any exchange. You can’t be always sure about the security of your funds so having a secure cold storage is what I trust and use to store my bitcoins. There is 2-factor authentication enabled but still it does not guaranty the full proof safety and it has nothing to do with the hacking of the website network. The best way to trust on self and maintain good and secure cold storage.

That is also I a doing, not all bitcoin is keep on exchanges but of course as a trader we have unds on standy at different exchanges, so that when there is opportunity for some coins,we can buy fast and trade. Just a minimal fund for trading and also a fund that I can afford to lose.

[TastyChillySauce00]

I agree. Because first maybe another exchanger have a better offer (talking about the price of btc), second the exchanger hacked you will lose all your bitcoin and that's wouldn't be good.

if the exchanger were hacked there's  still a chance for you to recover the loss or the exchangers will be responsible of your loss because it's their fault even they can't fully recover your loss but you will still get your funds,but if the exchanger just turning out scamming people,they will ran away with your money and there's nothing you can do

[iam2good]

i will keep half and sell half.

[macartem]

It is true that never keep your all coins on an exchange.
Because there are some exchange having a problem   

[mastica]

The only exchange that had been hacked and were able to recover were poloniex, i do believe they had paid already all the funds taken in the past, nowadays security is their main concern, others as bitfinex hasnt a license to work as some had reported, soo you choose where you wanna to risk your bitcoin at reputable or at others.

[yayayo]

The only exchange that had been hacked and were able to recover were poloniex, i do believe they had paid already all the funds taken in the past, nowadays security is their main concern, others as bitfinex hasnt a license to work as some had reported, soo you choose where you wanna to risk your bitcoin at reputable or at others.

Poloniex is not the only exchange that refunded its users. As far as I remember, BTC-e also refunded users of a minor security breach.

In both cases the funds lost did amount only for a fraction of the funds held. Therefore it was easy to do a refund. So users have been lucky.

I don't think that you truly can distinguish between "reputable" and "other" exchanges from the outside. An exchange is only "reputable" as long as it is not hacked. There is never a guarantee that the system is as secure as it is claimed to be and that all employees are honest.

So it doesn't matter at which exchange you store your funds, you're still taking a significantly higher risk than storing them in a private wallet which you control.

ya.ya.yo!

[jak3]

the exchanges are always an big risk to put our money on nowlt only the price matters but also the security of that exchange. as we have seen many exchanges got hacked and many are hacked multiple times like btc-e and each time it because more and more secjre then the last time

[mastica]

The only exchange that had been hacked and were able to recover were poloniex, i do believe they had paid already all the funds taken in the past, nowadays security is their main concern, others as bitfinex hasnt a license to work as some had reported, soo you choose where you wanna to risk your bitcoin at reputable or at others.

Poloniex is not the only exchange that refunded its users. As far as I remember, BTC-e also refunded users of a minor security breach.

In both cases the funds lost did amount only for a fraction of the funds held. Therefore it was easy to do a refund. So users have been lucky.

I don't think that you truly can distinguish between "reputable" and "other" exchanges from the outside. An exchange is only "reputable" as long as it is not hacked. There is never a guarantee that the system is as secure as it is claimed to be and that all employees are honest.

So it doesn't matter at which exchange you store your funds, you're still taking a significantly higher risk than storing them in a private wallet which you control.

ya.ya.yo!

Sure i do understand about the funds not being safety at exchanges, but we need them to try to get more bitcoins, in fact those are were the most bitcoins are being invested and traded, if i hold my coins at my wallet im just waiting a better price or something to invest later.

[Oilacris]

The only exchange that had been hacked and were able to recover were poloniex, i do believe they had paid already all the funds taken in the past, nowadays security is their main concern, others as bitfinex hasnt a license to work as some had reported, soo you choose where you wanna to risk your bitcoin at reputable or at others.

Poloniex is not the only exchange that refunded its users. As far as I remember, BTC-e also refunded users of a minor security breach.

In both cases the funds lost did amount only for a fraction of the funds held. Therefore it was easy to do a refund. So users have been lucky.

I don't think that you truly can distinguish between "reputable" and "other" exchanges from the outside. An exchange is only "reputable" as long as it is not hacked. There is never a guarantee that the system is as secure as it is claimed to be and that all employees are honest.

So it doesn't matter at which exchange you store your funds, you're still taking a significantly higher risk than storing them in a private wallet which you control.

ya.ya.yo!

I agree with this  matter ,  its really  better  to   store  your  bitcoin  on your  private wallet  rather than keeping them  on  exchange wallets. The risk  of  lossing  it  is still their . As  you mentioned   we cant really  distinguish a  reputable exchanges  because as  long  as   it  operates  we could really say that thing. I do  glad to hear  that  exchanges  do a refund when  theres a  breach  , in this  matter we could really say that exchanges could able to  be hacked anytime.

[BitSat]

Today I have best tip from here this forum that never keep all your coins on an exchange because I check many biggest and solid exchanges already defaulted and run with too much money and all is unrecoverable those who lost are in deep problems even they cannot complain to any one for this mistake

[danherbias07]

Today I have best tip from here this forum that never keep all your coins on an exchange because I check many biggest and solid exchanges already defaulted and run with too much money and all is unrecoverable those who lost are in deep problems even they cannot complain to any one for this mistake

Good thing you came here first. Now you will be wary of what could happen to your beloved coins if ever you just put it in an online wallet. If you are going to work and they will pay you needing an online wallet. Withdraw it as quick as possible, dont regret the transaction fee, it will be safer that way.

[Dudeperfect]

I usually do not keep more than 10% of my funds on any exchange. You can’t be always sure about the security of your funds so having a secure cold storage is what I trust and use to store my bitcoins. There is 2-factor authentication enabled but still it does not guaranty the full proof safety and it has nothing to do with the hacking of the website network. The best way to trust on self and maintain good and secure cold storage.

That is also I a doing, not all bitcoin is keep on exchanges but of course as a trader we have unds on standy at different exchanges, so that when there is opportunity for some coins,we can buy fast and trade. Just a minimal fund for trading and also a fund that I can afford to lose.

I had some bad experience when I kept nothing on exchange and I lost some good opportunities so you have to keep something if you don’t want to miss good opportunities. Yes there is risk associated with it but trading is all about risk and if one is not brave enough to take this basic risk then he should not trade further imo.

[Daffadile]

I think it is better to load your exchange wallet everytime and then do whaver transaction you need to do and withdraw everything to it's revelant wallet when it is done.

[crairezx20]

I usually do not keep more than 10% of my funds on any exchange. You can’t be always sure about the security of your funds so having a secure cold storage is what I trust and use to store my bitcoins. There is 2-factor authentication enabled but still it does not guaranty the full proof safety and it has nothing to do with the hacking of the website network. The best way to trust on self and maintain good and secure cold storage.

That is also I a doing, not all bitcoin is keep on exchanges but of course as a trader we have unds on standy at different exchanges, so that when there is opportunity for some coins,we can buy fast and trade. Just a minimal fund for trading and also a fund that I can afford to lose.

I had some bad experience when I kept nothing on exchange and I lost some good opportunities so you have to keep something if you don’t want to miss good opportunities. Yes there is risk associated with it but trading is all about risk and if one is not brave enough to take this basic risk then he should not trade further imo.

Yeah right if you dont keep your bitcoin invest in the exchange site you will be miss for some opportunity to buy it but there is other way that you can save them every time you make already a profit those profit better to save it for your safety wallet..  to secured it.. or if you want to increase your revenue better to spread it to other exchange site..  to increase your profit and for safety of your other investment,.

[0xfff]

I think it is better to load your exchange wallet everytime and then do whaver transaction you need to do and withdraw everything to it's revelant wallet when it is done.

I agree. It is definitely an inconvenience to only store btc in secure wallets but it is worth it. Losing all your coins is awful. I lost a few in gox and I'll never make that mistake again.

[richardsNY]

I think it is better to load your exchange wallet everytime and then do whaver transaction you need to do and withdraw everything to it's revelant wallet when it is done.

That's also what I am doing. I only send coins to my exchange when I am trading. In the times that I am not trading, I don't have any coins there. Everything sits safely in my offline wallet. Everyone should do this. People that keep their coins sitting in their exchange accounts are not aware of the risks, or they simply don't care and think their exchange won't get hacked.

[BitcoinPanther]

This is the way to do it.  Put the coins you are trading in an exchange and withdraw those that are to be hold or kept for a long period of time.  This will at least lessen amount you will lose if suddenly the exchange decided to shutdown because of bankruptcy.  This happen to one of my friend.  He had learned his lesson the hard way.  He lost all his coins when cryptsy shutdown. because it is the only exchange he is comfortable in trading coins.