ethereumhunter
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May 05, 2019, 03:24:43 PM |
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That will be very important to moves all of your coins to your ledger because you don't know how safe they protect the site. But I believe that binance will protect and secure their site from the attacker, so you don't need to worry. But saving all of your coins will be good in the ledger because you don't have to worried if someday your coins will be steal by the hackers because your coins in the offline connection so they don't have access to your ledger.
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dificanovi
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Activity: 840
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Buzz App - Spin wheel, farm rewards
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May 05, 2019, 03:37:27 PM |
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VERY IMPORTANT, that's for sure. Unless you make sure they are stored in a secure wallet that ONLY you control, they will always be at some risk. What happens if Binance gets hacked? Or runs away with everyone's coins? Or if the government shutdowns them? Answer: you lose your coins. But that's not the only thing. You should always do your research to make sure you are doing everything fine. Which wallet to use, what measures to take to ensure that you'll be able to recover your coins regardless of what happens with your PC/device, etc... Bitcoin is still kinda hard and you need to know what you're doing. If you are serious about Bitcoin and want to play around with some big money, I suggest you start by buying a hardware wallet. The best ones are: 1. https://www.ledger.com/2. https://trezor.io/your idea is very good, we better keep coins in the hardware wallet because the hardware wallet is very safe compared to putting it on the market. the hardware wallet cannot be hacked because it is not always connected to the internet network. I myself have used the Ledge hardware wallet and the results are very satisfying because after I saved the coin into the hardware wallet my coin was safe and never hacked.
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tegarp90
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May 05, 2019, 03:43:25 PM |
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Hello Everyone, I’m a female in my 30’s and when I first heard about bitcoin from Max Keiser on RT in 2009 instead of trying to figure out how to mine the bitcoin, I listened to his advice about gold and bought some coins. Biggest mistake ever lol! For the next 9 years I focused on my career and got married. Now I’m divorced and started picking up interests that I had before I was with my awful ex husband. Which include bitcoin. It’s come a long way since 2009.
I feel like this community will give me something bigger to be a part of and I sure hope that cryptocurrency will be around for a long time and I can prove warren buffet wrong!
Here’s my question, my coins are currently on binance. How important is it to put them on the ledger?
If you have small amount of them , you don't need to put it on ledger because binance is safe enough as long as you activated the 2FA as login. But if you already have the ledger offline wallet, you can do it
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bitcoin-shark
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May 05, 2019, 04:48:24 PM |
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it is essential to transfer everything on ledger, not to leave more than strictly necessary on the exchanges, once the transactions that are needed on the exchange are done, put everything back on a wallet of which only you have the private keys...
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thirdlight
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May 05, 2019, 05:05:21 PM |
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As for me it is important when buying cryptocurrency not to buy for the last money whether the money they took on credit. It is very dangerous. But experts say that the market starts to go up. Let's see what will happen next.
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Zero1One0
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May 06, 2019, 05:38:51 AM |
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Hello Everyone, I’m a female in my 30’s and when I first heard about bitcoin from Max Keiser on RT in 2009 instead of trying to figure out how to mine the bitcoin, I listened to his advice about gold and bought some coins. Biggest mistake ever lol! For the next 9 years I focused on my career and got married. Now I’m divorced and started picking up interests that I had before I was with my awful ex husband. Which include bitcoin. It’s come a long way since 2009.
I feel like this community will give me something bigger to be a part of and I sure hope that cryptocurrency will be around for a long time and I can prove warren buffet wrong!
Here’s my question, my coins are currently on binance. How important is it to put them on the ledger?
Welcome to the crypto space! Bitcointalk is still the best resource for everything about the cryptoverse! I started my crypto journey here... Get a Ledger or Trezor for long term storage. Only keep a handful in exchanges that you plan to immediately trade. Earning crypto thru mining (PoW or PoS/masternodes), freelance work, bounties, airdrops, etc is still fun for me. I hope you enjoy your journey as well.
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Alpinat
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May 06, 2019, 08:33:55 AM |
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Well, you have the control of your money when it is on the ledger and you are the only one you can blame if your money disappears because it is on you. No exchanges or local wallets can control your crypto in your ledger. Anyway, I'm glad that you continue your journey here in crypto world hope that it will be your biggest break.
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LogitechMouse
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Merit: 1045
Need A Campaign Manager? | Contact Little_Mouse
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May 06, 2019, 09:15:06 AM |
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Here’s my question, my coins are currently on binance. How important is it to put them on the ledger?
It depends on you. If your coins in Binance are for trading purposes then don't put it on a ledger but instead use them for trading. Now if your coins in Binance are for the long term then put it on the ledger because by far, it is the safest wallet.
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Leonardo7
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Activity: 686
Merit: 15
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May 06, 2019, 12:49:28 PM |
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Here’s my question, my coins are currently on binance. How important is it to put them on the ledger?
. This is a wrong move as you don't have control over your fund should anything happens to the exchange. It okay to be trading with some fund on an exchange like Binance, but maintaining a healthy security lifestyle is key to at least securing your exchange trading fund to some degree. And avoid buying shitty coins, you may want to take off all your bitcoin from an exchange and keep it safe. Here is a little piece of advise: You should avoid buying ICO, IEO and stay securely in bitcoin and when you feel like diversifying your portfolio, don't buy shitty coins, bitcoin is always a better way to stay safe.
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Malsetid
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May 07, 2019, 12:29:23 PM |
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Hello Everyone, I’m a female in my 30’s and when I first heard about bitcoin from Max Keiser on RT in 2009 instead of trying to figure out how to mine the bitcoin, I listened to his advice about gold and bought some coins. Biggest mistake ever lol! For the next 9 years I focused on my career and got married. Now I’m divorced and started picking up interests that I had before I was with my awful ex husband. Which include bitcoin. It’s come a long way since 2009.
I feel like this community will give me something bigger to be a part of and I sure hope that cryptocurrency will be around for a long time and I can prove warren buffet wrong!
Here’s my question, my coins are currently on binance. How important is it to put them on the ledger?
How much do you have on binance though? Because if you have like less than 1 full btc or just around that figure, you may just want to play with it and practice trading. If you just plan on investing on your btcs and holding them probably for a few years, then i guess the safest would be to get a hardware wallet. You won't have a hard time looking for suggestions as to what would be a good one. The coins you leave in binance should only be those that you want to keep on moving.
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dmty.0809
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May 07, 2019, 12:40:21 PM |
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I'm sorry to hear your story, hopefully cryptocurrency has a good impact on your life. Some coins are still not stable, unlike bitcoin this month it has increased by almost 5%. Hoping that altcoin can be like that.
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cvasy
Sr. Member
Offline
Activity: 520
Merit: 250
KUWA.ai
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May 07, 2019, 12:49:43 PM |
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Hello Everyone, I’m a female in my 30’s and when I first heard about bitcoin from Max Keiser on RT in 2009 instead of trying to figure out how to mine the bitcoin, I listened to his advice about gold and bought some coins. Biggest mistake ever lol! For the next 9 years I focused on my career and got married. Now I’m divorced and started picking up interests that I had before I was with my awful ex husband. Which include bitcoin. It’s come a long way since 2009.
I feel like this community will give me something bigger to be a part of and I sure hope that cryptocurrency will be around for a long time and I can prove warren buffet wrong!
Here’s my question, my coins are currently on binance. How important is it to put them on the ledger?
In my opinion, keeping a coin in a ledger is not safe, a year back there have been many cases of exchange hacking or similar platforms. And it could be a disaster for you if it's hacked, so it's better to use a personal wallet, it's safer and more secure.
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okala
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May 07, 2019, 03:05:43 PM |
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Well if your coin are in the binance Ledger it OK at list you can use it to trade with other tokens and coins on binance and as one of the top exchange in the cryptocurrency market you are sure of the security of your coins. You are welcome back after your long break due to marriage, stick around and continue learning.
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sngwinner
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May 07, 2019, 03:08:49 PM |
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There are always some level of risk to leave your coins on exchanges. There have been several instances where big exchanges ave been hacked and millions of dollars have been stolen. What if same happens to binance?? Get your coins into your personal wallet and with that it is far safer that way.
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jakelyson
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Merit: 1069
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May 07, 2019, 03:12:59 PM |
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Here’s my question, my coins are currently on binance. How important is it to put them on the ledger?
Are you actively trading on Binance? If yes, then you should retain the balance you are actively trading so you can easily move in and out of a position. If no, then it is a priority to move it out of the exchange and secure your coins. Put them on a hard wallet to be sure you have control over your coins.
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Naida_BR
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May 07, 2019, 04:17:16 PM |
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Hello Everyone, I’m a female in my 30’s and when I first heard about bitcoin from Max Keiser on RT in 2009 instead of trying to figure out how to mine the bitcoin, I listened to his advice about gold and bought some coins. Biggest mistake ever lol! For the next 9 years I focused on my career and got married. Now I’m divorced and started picking up interests that I had before I was with my awful ex husband. Which include bitcoin. It’s come a long way since 2009.
I feel like this community will give me something bigger to be a part of and I sure hope that cryptocurrency will be around for a long time and I can prove warren buffet wrong!
Here’s my question, my coins are currently on binance. How important is it to put them on the ledger?
I feel very happy to see new people in our community and happier to see women joining our cryptocurrency trip. Back to your question, it is very important and advisable to store your crypto coins in a wallet (It could be hardward or a commercial free web wallet) because exchanges do not offer protection and you can lose them anytime.
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teejayrichard2
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Activity: 574
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May 07, 2019, 04:46:02 PM |
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you made a right choice investing in crypto. So many of us heard of bitcoin and other cryptos at the early stage but due to one reason or the other, we didn't take the bold step in investing in it at the early stage and before our very eyes we saw bitcoin grow beyond our imagination. Well, its never too late to start and its good you joined the crypto community now.
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romero121
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Vave.com - Crypto Casino
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May 07, 2019, 05:32:29 PM |
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As your holdings have got listed to the Binance exchange surely your assets will be having good value. Whether it is for long term or short term holding, it is good to keep it safe using a ledger wallet as you've experienced more worse situations in life and once again similar thing should not happen with bitcoin usage.
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Adriano2010
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May 07, 2019, 05:38:28 PM |
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If you want more safety yes definetely you should withdraw your coins to hardware wallet, ledger or trezor, i already use ledger for long and never lost nothing, and i always withdraw my coins to hardware wallet, i think is more safe and you own your private keys (passphrase) and only you can send your coins.
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