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Author Topic: In case of platform bankruptcy or piracy??  (Read 38 times)
Amande2222
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December 19, 2017, 08:30:42 AM
 #1

Hello,

I would like to know what happens if the platform I chose goes bankrupt?
1.Are my bitcoins safe anyway if I use a Ledger?
2.Should I use several platforms to minimize the risk?

Thank you!  Smiley
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December 19, 2017, 10:44:07 PM
 #2

Hello,

I would like to know what happens if the platform I chose goes bankrupt?
1.Are my bitcoins safe anyway if I use a Ledger?
2.Should I use several platforms to minimize the risk?

Thank you!  Smiley
Investment platforms you do mean? If they would goes bankrupt and all of your funds are on inside on their own personal wallet then you cant do nothing and those coins are considered lost already. Bitcoin are completely safe if you do really own they keys of your own wallet. When you do tend to pass it out on other wallet because of investment then the risk would really be always there and cant really be avoided no matter what. Talking on minimizing risk then always chose up the legit and potential investments.


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Amande2222
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December 20, 2017, 08:22:56 AM
 #3

Yes I mean investment platforms like Coinbase, Kraken...

So if i understand well, I do not need to use several investment platforms to minimize the risk as long as I have a personnal wallet.
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December 20, 2017, 02:02:31 PM
 #4

Yes I mean investment platforms like Coinbase, Kraken...

So if i understand well, I do not need to use several investment platforms to minimize the risk as long as I have a personnal wallet.

Coinbase don only have 2 coins which you can able to buy up which is Bitcoin and Etherium. For kraken its an exchange which you can have several lots of coins to be traded on.If you are looking forward on making it as a web wallet or storage of your bitcoins then risk is really there because anytime they can be hacked or shutdown. No one really knows this is why don't store up huge amounts on those platforms. If you are a trader just put up a significant amount that would be needed on your trade and also coinbase is not really literally an trading site since it do have only 2 coins.Its just good for buying up.

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