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Author Topic: Is wallet from exchanger safe?  (Read 1487 times)
Bitcoin0916
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November 23, 2016, 11:28:27 PM
 #61

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?
No the exchange is not safe to keep your coin. like other online wallet there is a chance that it will close and being hacked if it happens it will be big lost on your side. Remember what happen to bitfinex.
Yes I agree, I ever save my bitcoin to bitfinex and after hacked I loss all my bitcoin, exchanger wallet is not safe to save our bitcoin and let's use for exchanger anf trading only don't save for long time. Xapo or coinbase is very recommended to save our bitcoin.
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November 24, 2016, 12:24:00 AM
 #62

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?

To make it sure dont stock there for too long transfer it as soon as possible in your blockchain account . Blockchain its more safer .

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November 24, 2016, 02:22:05 AM
 #63

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 think all online wallet is very risk to save bitcoin moreover big balance. We must learn about the news that happen with exchanger that hacked and all balance from users are loss. You can't online for longtime, I recommend to save to offline wallet like electrum.
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November 24, 2016, 03:41:27 AM
 #64

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 think all online wallet is very risk to save bitcoin moreover big balance. We must learn about the news that happen with exchanger that hacked and all balance from users are loss. You can't online for longtime, I recommend to save to offline wallet like electrum.

Yes all of the exchangers are very risky and it depends on how their security are being built. But if you are wise enough and will upon for the past hacking incidents then you may change your belief that wallet exchangers are not even safe enough. Its fine if you will just save some of it that you can afford to lose whatever will happen. But still too good to be safe because every bit counts.

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November 24, 2016, 06:24:32 AM
 #65

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 think all online wallet is very risk to save bitcoin moreover big balance. We must learn about the news that happen with exchanger that hacked and all balance from users are loss. You can't online for longtime, I recommend to save to offline wallet like electrum.

Yes all of the exchangers are very risky and it depends on how their security are being built. But if you are wise enough and will upon for the past hacking incidents then you may change your belief that wallet exchangers are not even safe enough. Its fine if you will just save some of it that you can afford to lose whatever will happen. But still too good to be safe because every bit counts.

What's the point of keeping your coins in an exchanger anyways? Just get a desktop client and you'd be good. Or just use blockchain.info if you are using bitcoin or use any of its altcoin counterparts like dogechain.info. At least you have control over your own private keys.

I just don't get why people would risk such little convenience to losing their entire funds... I really don't.



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November 30, 2016, 05:26:49 AM
 #66

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?
You can use exchanger wallet for trading purposes only. But putting all your BTC in exchange is not really safe. I donot say it will be hacked but there a chance it will. so need to be careful with your money . I also have btc in exchange i use it for trading to buy other coin.

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November 30, 2016, 06:53:48 AM
 #67

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 think all online wallet is very risk to save bitcoin moreover big balance. We must learn about the news that happen with exchanger that hacked and all balance from users are loss. You can't online for longtime, I recommend to save to offline wallet like electrum.

Yes all of the exchangers are very risky and it depends on how their security are being built. But if you are wise enough and will upon for the past hacking incidents then you may change your belief that wallet exchangers are not even safe enough. Its fine if you will just save some of it that you can afford to lose whatever will happen. But still too good to be safe because every bit counts.

What's the point of keeping your coins in an exchanger anyways? Just get a desktop client and you'd be good. Or just use blockchain.info if you are using bitcoin or use any of its altcoin counterparts like dogechain.info. At least you have control over your own private keys.

I just don't get why people would risk such little convenience to losing their entire funds... I really don't.

The point is you are trusting them and their reputation has been built for a lot of times and they have strong security. For sure there are some bitcoin people who are just letting their bitcoins sleep with an exchanger wallet. Yes, blockchain is a good way to store your bitcoins online just simply choose it rather than with exchange sites. Maybe they are lazy enough and doesn't have ample time to transfer their funds.

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November 30, 2016, 07:05:20 PM
 #68

Its not very safe but is doable if you are not storing large amounts on it, exchange wallets are not safe but for a small time period it can be okay and it would not be bad.
In the most cases you should just transfer it as fast as possible.
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December 01, 2016, 01:37:06 AM
 #69

Its not very safe but is doable if you are not storing large amounts on it, exchange wallets are not safe but for a small time period it can be okay and it would not be bad.
In the most cases you should just transfer it as fast as possible.

For sure many of us are a bit cautious already for the past incidents with some 'trusted' exchange sites that has been hacked.

We may not know if they are really hacked or some other inside job happened. But still, if you want to trust exchange sites.

Trust at your own risk as many are saying here and we all warned them that it is a very risky thing to do.



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