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laredo7mm
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January 17, 2019, 05:47:27 PM |
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This is what must be done. save does not have to be a lot on the market to avoid the same things as cryptopia is hacking and the money the users are taken away
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eternalgloom
Legendary
 Offline
Activity: 1792
Merit: 1283
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January 17, 2019, 07:49:07 PM |
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No-one going through the trouble of actually posting a screenshot here? Here you go, otherwise people will just keep repeating the wrong info from the thread title...  OP, next time maybe review your post and use a better source for articles  |
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eaLiTy
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January 17, 2019, 08:37:06 PM |
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After some recent high profile hacks happening, Changpeng Zhao shares tips on keeping safe, mostly coming from a place of holding personal responsibility. But some say this is nonsense.
The people who lost their coins in the past due to the incompatibility of exchanges to keep the coins safe and the people who lost the coins will tell you that that is not a nonsense thought process, but the fun fact is that the tweet is the opposite and he is asking people to store the coins in exchange, but i advice against it, you will be lucky enough if you get a small portion of the coins you lost and it is a common knowledge that it is not at all safe to keep your coins in any exchange even if they claim to have a better security, the safest option is to hold the coins where you have control over the private key, the rest is a big gamble. |
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coin-investor
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January 18, 2019, 03:50:55 PM |
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Its common sense doesn't need a CEO to tell you that it is not safe to keep your funds in exchanges because it is not really safe and history have proved that, so don't be an asshole that you need to experienced it before you heed the advice that exchange is not a good place to store your coins. |
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samuraijin
Sr. Member
Offline
Activity: 1638
Merit: 261
Vave.com - Crypto Casino
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January 18, 2019, 04:01:16 PM |
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That's a very good proposal, but we also have to think again, if we don't save BTC on the market how we can trade there, if the BTC we have is transferred to a personal wallet. It is possible that if we only add half the BTC to the trade, chances are we don't really lose so much BTC, if when we get profit from the profits we get from trading, maybe it's very good if I see like that ... |
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Halmater
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January 18, 2019, 07:02:33 PM |
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If you are not a trader, keeping your cryptocurrencies does not seem reasonable. Also, he is right not wanting have inactive accounts. Personally, I think he may prefer to focus on to be traders' home.
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abojamal
Member
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Activity: 322
Merit: 17
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January 18, 2019, 07:15:46 PM |
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Whether the tweet is correct or false I advise what came in it Exchange is made for trading only and not for storage The wallet is much safer than trading. |
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Korkorjkk
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January 18, 2019, 07:56:10 PM |
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Of course, keeping your tokens on exchanges are not very safe because it can be stolen at any time. It is better you keep these tokens in a wallet than an exchange.
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satriagedhe
Member
Offline
Activity: 250
Merit: 10
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January 18, 2019, 09:19:53 PM |
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yeah , the main function exchanger is to do "exchange" , our coin just transit there and become other coin /fiat , if you'r really holding better do it on personal wallet like blockchain or MEW
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lornadane
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January 18, 2019, 09:34:22 PM |
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OP, your title is misleading! The Binance CEO did not tell what you mentioned, rather he said the opposite things! And his tweet made a short controversy! after then he explained why he suggested storing coins on exchanges! Mate, CH tweeted about to store coins on a trusted exchange like Binance, and that was just an ad as he explained! But the reality is, we shouldn't store our coins on an exchange for a long time, only hardware wallet with enough security is the solution!
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Nasonn
Jr. Member
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Activity: 616
Merit: 1
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January 18, 2019, 09:35:22 PM |
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He didn't actually say that, he only listed the two options; storing coins yourself and on exchanges with their cons and pros. So the choice is on the individual to ascertain his tech know-how and how secure the exchange is or to move funds to Dex.
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minhlee95
Full Member
Offline
Activity: 527
Merit: 101
DIA | Data infrastructure for DeFi
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January 18, 2019, 09:44:46 PM |
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This is one of the best tips that exist to store your coins. More than one bitcoin was stolen in this way. Keep the money on the exchange only as a last resort, if you are going to make any transactions with it.
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Initscri
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January 18, 2019, 09:48:42 PM |
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Couldn't agree more. Not only the risk of hacking but also along with the risk of company issues related to the price of Bitcoin, I wouldn't leave any measurable amount in an exchange as of this moment.
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WebTera
Member
Offline
Activity: 322
Merit: 10
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January 18, 2019, 09:48:56 PM |
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It's really not the safest place to store your coins. With your account on the exchange, something bad can happen. I unfortunately have such a sad experience and it took me a very long time to recover my account on the exchange and get my coins back. Therefore, it is better to choose a reliable wallet and store your bitcoins there.
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youdacapt
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January 18, 2019, 10:26:14 PM |
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I think there is truth because all exchanges have a weakness point and of course the risk will be very large if we keep all our assets in the market because hacking often occurs in several large markets so that all our assets will be lost because the market loses data better than we are now more careful careful in maintaining our digital assets not because of our carelessness that will destroy our lives.
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Burogh
Member
Offline
Activity: 644
Merit: 10
COVIR.IO
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January 19, 2019, 01:21:29 AM |
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I think its true that we should store our own coin or token in our own wallet. Its on our own control. As long we keep the private key safe, i am believe hackers can not hack our wallet. If we plan to hold for long term, its not safe storing our coin in exchanger wallet because its very risky |
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Pain to go mad
Newbie
Offline
Activity: 14
Merit: 0
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January 19, 2019, 02:48:46 AM |
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Oh, garbage, you're wasting my time, okay? Please respect the original copy and do not copy so low.
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freedomgo
Legendary
Offline
Activity: 3094
Merit: 1144
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January 19, 2019, 03:31:35 AM |
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Didn't he mean don't keep your coins on other exchanges except Binance? kidding aside.
To be honest, I also keep my coins in some exchanges but I make sure I will never keep it on shitty exchanges as they are
more vulnerable to hacking. If I have to trust my coins in a certain exchange, I will put a bigger portion of my coins to Binance as they are more secured.
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