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Author Topic: I stop using some exchanges  (Read 1584 times)
Rafiqul
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February 23, 2019, 04:30:43 PM
 #221

I am a crypto trader and bounty hunter. I use some exchanges for trading such as Binance, Hitbtc, Idex, Frokdelta. These are secure and easy operating system. As a bounty hunter sometimes i use less secure exchanges. After sell my coins i try to withdraw funds as early as possiblewith in short time.

Baimovic
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February 23, 2019, 04:46:18 PM
 #222

I am a crypto trader and bounty hunter. I use some exchanges for trading such as Binance, Hitbtc, Idex, Frokdelta. These are secure and easy operating system. As a bounty hunter sometimes i use less secure exchanges. After sell my coins i try to withdraw funds as early as possiblewith in short time.
but not all coins are in a big place like binance which forces us to use bad exchanges because not all coins can be included in large exchanges like Binance because at this time most coins enter a small exchange first before entering a large exchange.

dhiraj0977
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February 23, 2019, 05:05:46 PM
 #223

I have lost huge amount with cryptopia hack, do not know if it will refunded or not, really afraid now days to store our crypto assets on exchanges, even the trusted top ranks one. If cryptopia was hacked, i do not think any top exchanges will be safe for depositing our coins.

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February 23, 2019, 05:31:17 PM
 #224

It is best to never keep money at exchange, because they can be hacked at any time. I never leave money in exchange, even they are binance or bittrex. I just keep them in my personal wallet
it is the right choice. I myself do not save my main assets at the exchange. only crypto assets that I trade every day that I put there. some of the main assets like ethereum and bitcoin are always in my personal wallet.

For me the main problem is with altcoins that some of them need seperate wallets just to generate keys.

Some coins need seperate full node wallet running on personal computer just to send coins to it.

One wallet can have up to several GB in space size, and several of them on one computer can clog system.

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February 23, 2019, 06:07:49 PM
 #225

I have lost huge amount with cryptopia hack, do not know if it will refunded or not, really afraid now days to store our crypto assets on exchanges, even the trusted top ranks one. If cryptopia was hacked, i do not think any top exchanges will be safe for depositing our coins.
Recently, a lot of new projects that are developing new trading exchanges cryptocurrency. Of course, there are very interesting projects with possible prospects, but due to the current state of the cryptocurrency market, they lose their relevance.

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February 23, 2019, 06:11:16 PM
 #226

Thanks to the author for the valuable information. Wink Yes, keeping cryptocurrency on the stock exchanges is a big risk, especially if you do not trade. And of course it is better to choose a more popular and reliable exchanges.
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February 23, 2019, 06:13:51 PM
 #227

This is the safest way to away from exchanges who has low volumes and delay while withdrawing. Most of them use bots to increase volume.
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February 23, 2019, 06:24:01 PM
 #228

many after hacking, began to think seriously about some exchanges, and in General about the relevance of their use, as people there have lost just a huge amount of money,and a very high probability that no one will not return the money,so it is recommended that large amounts of money not to keep on the exchanges

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February 23, 2019, 06:41:39 PM
 #229

Yeah some exchanges are weak and full of bugs like what we have seen in before, instead some new exchanges are borning like bitmax, and they are adding some very good tokens that you can't find some of them even on binance, I belive we need to be update in this market and use new things, may be they are better than older ones.
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February 23, 2019, 07:23:14 PM
 #230

Yeah some exchanges are weak and full of bugs like what we have seen in before, instead some new exchanges are borning like bitmax, and they are adding some very good tokens that you can't find some of them even on binance, I belive we need to be update in this market and use new things, may be they are better than older ones.

Some bugs will remain unknown until they get exploited by capable scammers for the first time.

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February 23, 2019, 07:24:11 PM
 #231

Im never good at trading ,always lose money but how about those who lose money due to exchange been hacked? Well thanks to new exchanges that only support p2p ,no profiles ,no emails ,no passwords, they are the safest out there ,this is why I'm so hooked with changelly since 2016 ,so use this kind of exchanges and you are safe from hacks and phishing who is with me? Other exchanges that are like changelly are ethershift and tokenmom ,there might be others too

I am quite curious on some people's reasons of choosing some not known exchanges. We already got our bestfriend, Binance. I've been attempting to try Bittrex last December 2017 (the month for the bull run of Bitcoin), but there was loads of user registering in their site making it overloaded so they decided to disable registration at that moment. Now that I had established my day trading account in Binance, I don't know if I'll still consider it though.
I didn't know TokenMom but may I ask what tokens or coins were you trading at that exchange that made you not register in Binance instead?
The author is referring to decentralized exchanges, which are becoming more and more,and I am sure that they are the future. These exchanges are really no registration or KYC,can be placed almost any token standard ERC. So far,these exchanges are losing in terms of exchange rate,but I hope that in the near future this problem will be solved.
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February 23, 2019, 07:28:42 PM
 #232

I think it is precisely in the absence of a profile, e-mail, etc. That the exchange will become more vulnerable to hacking. how can you use an exchange like that?
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February 23, 2019, 07:30:02 PM
 #233

the decision as applying use with efforts as trader to manage tasks on evaluation to helps on further as referring confirmation to gains with the decision as expending use with spares on possession of the funds for exchange with request as closing of position as the finest terms.

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February 23, 2019, 08:02:18 PM
 #234

the decision as applying use with efforts as trader to manage tasks on evaluation to helps on further as referring confirmation to gains with the decision as expending use with spares on possession of the funds for exchange with request as closing of position as the finest terms.

You can put up with most of the conditions put forward by many labor exchanges today. I, in turn, use different platforms, due to the fact that not all trading platforms are coins that I need. Sometimes the product is quite specific and therefore it is necessary to use even the highly developed exchanges.
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February 23, 2019, 08:05:15 PM
 #235

Im never good at trading ,always lose money but how about those who lose money due to exchange been hacked? Well thanks to new exchanges that only support p2p ,no profiles ,no emails ,no passwords, they are the safest out there ,this is why I'm so hooked with changelly since 2016 ,so use this kind of exchanges and you are safe from hacks and phishing who is with me? Other exchanges that are like changelly are ethershift and tokenmom ,there might be others too

 ethershift - Is this a project advertisement? While they do not even allow to exchange their coins. So to call it an exchange is too early. Safety is good, but how do you profit on such baking?

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February 23, 2019, 08:06:18 PM
 #236

Im never good at trading ,always lose money but how about those who lose money due to exchange been hacked? Well thanks to new exchanges that only support p2p ,no profiles ,no emails ,no passwords, they are the safest out there ,this is why I'm so hooked with changelly since 2016 ,so use this kind of exchanges and you are safe from hacks and phishing who is with me? Other exchanges that are like changelly are ethershift and tokenmom ,there might be others too
A good trader is not meant to make use of all Exchangers around, not all are safe and also not all will give you the volume you wanted, we look at security reasons as well will determine.
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February 23, 2019, 08:07:23 PM
 #237

when you experience a loss when trading, you don't lose your money completely, you will only lose a few percent and if you don't sell it you still have the chance to get it back because the price can go up again, different from hacking, I think it hurts a lot our money will disappear completely and we have no chance to be able to take it back, therefore it is very important to choose a safe exchanger but the fact is that sometimes we cannot choose because the coins we have are not always registered with the exchanger we like

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February 23, 2019, 08:44:37 PM
 #238

I haven't stopped doing something and I always use different crypto exchanges trying something new.
Well, to be honest it is something where you have to get experience and move on

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February 23, 2019, 08:52:46 PM
 #239

What people need to understand is that decentralized exchanges also can be hacked. Anytime you observed that exchanges are delaying processing your withdrawals that is a red flay, move your money away from the place and the most important thing, do not keep your fund on exchanges unless you are an active trader


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February 23, 2019, 09:01:23 PM
 #240

Im never good at trading ,always lose money but how about those who lose money due to exchange been hacked? Well thanks to new exchanges that only support p2p ,no profiles ,no emails ,no passwords, they are the safest out there ,this is why I'm so hooked with changelly since 2016 ,so use this kind of exchanges and you are safe from hacks and phishing who is with me? Other exchanges that are like changelly are ethershift and tokenmom ,there might be others too

It is best to trade on popular and proven exchanges. The amount of commissions there is certainly higher, but there is a certainty that no one will steal your money. I choose security. It is better to pay a higher percentage for trading than to lose all your money.
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