Legendaris (OP)
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Activity: 56
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October 21, 2016, 01:54:40 PM |
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Besides xapo, coinbase and blockchain, I also use wallet from exchanger like from yobit, poloniex and bittrex. Sometimes I can't online for longtime because my career is sailor.
Is exchanger wallets safe?
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pinoycash
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October 21, 2016, 01:56:56 PM |
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Besides xapo, coinbase and blockchain, I also use wallet from exchanger like from yobit, poloniex and bittrex. Sometimes I can't online for longtime because my career is sailor.
Is exchanger wallets safe?
so far, i havent encounter any issues on using exchange wallet, but i only use most of them for a short time. ussually after trading i move them on my main exchange wallet coins.ph for safe keeping
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harizen
Legendary
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Merit: 1398
For support ➡️ help.bc.game
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October 21, 2016, 02:11:08 PM |
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Besides xapo, coinbase and blockchain, I also use wallet from exchanger like from yobit, poloniex and bittrex. Sometimes I can't online for longtime because my career is sailor.
Is exchanger wallets safe?
As long as you don't hold your own private keys, literally it's not safe when storing coins in third party exchangers especially web wallets. But it doesn't mean they are fraud and not recommended for storage. There's just chances they are. As you know even a reputable exchange can turned changed into dark side anytime.
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piloder
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Activity: 966
Merit: 1006
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October 21, 2016, 05:48:06 PM |
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I don't think exchanger wallets should be considered safer than web wallets or better to use desktop wallets like electrum. I used to save only altcoins in poloniex and bittrex and for bitcoin i think electrum is best place but better you understand all the features of electrum before you start using them.
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OmegaStarScream
Staff
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Activity: 3612
Merit: 6337
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October 21, 2016, 05:55:48 PM |
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Besides xapo, coinbase and blockchain, I also use wallet from exchanger like from yobit, poloniex and bittrex. Sometimes I can't online for longtime because my career is sailor.
Is exchanger wallets safe?
Bitcoin is all about being your own bank so It's better to control your private keys (and use a Desktop/paper/hardware wallets , depends on your needs). However , some exchange could be considered as safe since some of them (Poloniex) for example , put most of their funds in Cold storage so even If they get hacked , nothing much will happen to users (but no one wants to take that risk). There is always a risk of inside jobs though.
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Bitcoinsummoner
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October 21, 2016, 06:02:25 PM |
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I think its more safe to bring your bitcoins into electrum than online wallet save your private keys and passwords so that if you forgot you have some backup to recover it again.. honestly remember bitfinex better to keep safe always your funds than stay it to exchange site its risky for me..
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marlboroza
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Activity: 1932
Merit: 2272
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October 21, 2016, 09:03:45 PM |
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Besides xapo, coinbase and blockchain, I also use wallet from exchanger like from yobit, poloniex and bittrex. Sometimes I can't online for longtime because my career is sailor.
Is exchanger wallets safe?
I have never had any problems with exchange wallets, but i like to have private keys for my addresses. You don't own addresses in exchange platforms, they are only connected to your account.
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mrcash02
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October 21, 2016, 10:35:06 PM |
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I never had any problem with exchange "wallets'', but many experienced bitcoin enthusiasts say that it's not recommended to use exchange balances as wallet, because it doesn't have the same security of our wallets and it's more exposed to hackers attack or a "scam exchange". We don't know what can happen and our wallet service is more trustful than any exchange (at least the most trustful wallets like Blockchain.info).
But if you money in stored on the internet it's taking some risk anyway. If you want less risk, you need to keep your coins stored on a downloaded wallet in a computer without internet connection preferentially.
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LTU_btc
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Merit: 1364
Slava Ukraini!
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October 21, 2016, 11:05:11 PM |
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No one can guarantee that exchange won't be hacked (and he know such stories from past). I don't recommend to use exchange as primary wallet. On exchanges keep amount of coins which you need for trading. As primary wallet it's better to use wallet where you have access of private keys, for example blockchain.info.
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arransiv
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October 22, 2016, 01:32:11 AM |
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Any web wallet or exchange can be hacked, so it's not 100% Look the past and you will se cases like that.
Just hold your bitcoins in your wallet... Exchange isn't wallet!
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JITENDERPAR3
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October 22, 2016, 01:40:13 AM |
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Besides xapo, coinbase and blockchain, I also use wallet from exchanger like from yobit, poloniex and bittrex. Sometimes I can't online for longtime because my career is sailor.
Is exchanger wallets safe?
we can't say clearly that it is safe because we know that exchange sites are not having Risk of money they only provide a way of exchange between all coins . so exchange wallet are safe but the recent exampl of poloniex may be cause some fear in our mind.
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neochiny
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October 22, 2016, 02:36:14 AM Last edit: October 22, 2016, 04:12:44 AM by neochiny |
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No problems with exchange wallets, yet.(haven't encountered any) Doesn't mean there couldn't be one in the future. You're basically giving them your coins to keep, they give you 'credit' and promises to exchange it to bitcoin when/if you want to withdraw. Much like banks, except without all the other security and insurance. Exchange could be hacked,they either run or forcefully deduct a percent of your funds then promise to pay in future,control how much and when you can withdraw. Etcetera etcetera.
Anyway, it's ok to use for small amounts only and for brief periods of time. You should store majority of your coins on a desktop wallet.
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coynedterm
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October 22, 2016, 03:05:42 AM |
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in my opinion there is no risk of store you btc at exchange site . because my some friends are using exchange wallet from long time and faced no problem . so it is safe . but if any ddos attacks take place at these exchange sites than there is risk of btc to loss .
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mia_houston
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October 22, 2016, 04:35:41 AM |
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Is exchanger wallets safe?
I can say Is wallet exchnages is safe too I just want to tell my experience i ever to use wallet exchanges when I gone a few mounth to work outside the city and I keep my balance on the exchange without check it out.but in this case I using poloniex for that..
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mobilestrike
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October 22, 2016, 04:49:37 PM |
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For me the wallets of exchanges are the same as online web wallets so you will have to keep in mind the same precautions which you keep in mind for web wallets. I also use some exchange wallets for some smallest amount for any trade but I do not trust on new unknown exchanges which will not have much trus from the community.
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ivanst776
Legendary
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Activity: 1540
Merit: 1003
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October 22, 2016, 05:19:32 PM |
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Besides xapo, coinbase and blockchain, I also use wallet from exchanger like from yobit, poloniex and bittrex. Sometimes I can't online for longtime because my career is sailor.
Is exchanger wallets safe?
Not at all, mostly the exchanges' wallets are not safe because they do not provide you the provide key to be able to do "everything". Earlier I had funds mostly on all exchanges you mentioned and the amount wasn't low but I risked because I was highly active on trading, but one time I decided to withdraw because It's not safe and it's safer on my own (hardware) wallet.
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Robertqueen2
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October 22, 2016, 09:13:11 PM |
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Besides xapo, coinbase and blockchain, I also use wallet from exchanger like from yobit, poloniex and bittrex. Sometimes I can't online for longtime because my career is sailor.
Is exchanger wallets safe?
Sometimes we are forced to keep our Bitcoin or other altcoins in exchanges wallet to avoid paying too much money as fees, it isn't logical to send Bitcoin to exchange wallet in every time we want to trade, I am worried because some exchanges have been hacked before, thus it is risky to keep money there but as I said before we are forced to do that.
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BingoDog
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October 23, 2016, 01:31:27 PM |
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All exchangers have their safety policies and.measures to protect their clients but I wouldn't suggest that you keep larger amount of coins in the exchanger wallets. They are often victims of different hackers so your funds might be in danger.
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malaj
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Docnaster
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October 23, 2016, 02:59:42 PM |
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Besides xapo, coinbase and blockchain, I also use wallet from exchanger like from yobit, poloniex and bittrex. Sometimes I can't online for longtime because my career is sailor.
Is exchanger wallets safe?
I trust some of exchanger site's like blockchain and off course our based wallet that really based on my country and so far so good i don't see any problem or encounter any problem using it and it's really fast and good services reponse . And So far i don't encounter any problem on that webste you mentioned for me it's really not safe if you are going to hold your coins into third party exchanger it's more dangerous.
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Hazir
Legendary
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Merit: 1005
★Nitrogensports.eu★
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October 23, 2016, 04:19:55 PM |
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I trust only sites which allow you to export your private keys and are preferably open source project - only blockchain.info meets both criteria but it is not an exchange. Other than than you should treat wallet linked to an exchange with grain of salt. As history shows - exchanges are primary target for hackers.
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