Naughty Princess
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October 18, 2019, 01:38:32 AM |
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Glady that I haven't experienced losing btc yet. (I hope I won't). But some of my friends experienced losing btc from the exchange and others lost their bitcoin because of scammers. It was really frustrating for them and disappointing as well since they've all worked hard for it and then it just vanished. After hearing their stories, I'm really being careful with my crypto cause I don't want to experience the same thing happened to them.
I experienced stolen but not in bitcoin but in altcoin which has good value then. I am sure that I am careful on every site where I used my address and did not get it why that happen. Since then I wont joined any airdrops. Whatever address we have, be careful on where you save it and have a back up on it. It is hard to gain, so be cautious in every step and click.
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Xxmodded
Sr. Member
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Activity: 2296
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SOL.BIOKRIPT.COM
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October 18, 2019, 02:01:46 AM |
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I am not holding bitcoin in bad exchange although have coin listing I will sell and withdraw my coin, I keep hold my bitcoin in trusted exchange and make my bitcoin save and not stole for last years, but for altcoin I ever stole with higher amount because I use private key code when I fill form of bounty campaign, I am not focus when fill form on bounty campaign project.
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cryptoknightt
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October 18, 2019, 03:52:06 AM |
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I used to lose some of the bitcoin that I had when I put it in my wallet online, my private key turned out to be phishing so that anyone could access my wallet, all the assets in the form of bitcoin were stolen until there was nothing left, from that incident I learned to be able to save the assets that I have as well as possible.
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Tolosi
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Merit: 17
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October 18, 2019, 03:59:50 AM |
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I lost some when MtGox failed.
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DabsPoorVersion
Sr. Member
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Activity: 1260
Merit: 315
www.Artemis.co
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October 18, 2019, 04:04:17 AM |
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I used to lose some of the bitcoin that I had when I put it in my wallet online, my private key turned out to be phishing so that anyone could access my wallet, all the assets in the form of bitcoin were stolen until there was nothing left, from that incident I learned to be able to save the assets that I have as well as possible.
same here, I always become careless when it comes to my wallet. As for me, It was not stolen, but my wallet is nowhere to be found. My private keys was saved in my personal computer without any other copies, then suddenly my computer was crashed which I did not anticipate. All files were deleted and nowhere to be found.
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judeafante
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October 18, 2019, 04:27:32 AM |
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Where do you keep crypto? Have you ever been stolen?
I kept my top coins in a hardware this is the most secured way to keep your wallet nothing can be safer than this and I highly recommend this to all traders and investors, so far I haven't lost or my bitcoin get stolen, proper education is still the best to safe guard your coin, you cannot go on investing on coins if you still do not know how to keep safeguard and trade your coins in a proper way
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bounceback
Sr. Member
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Activity: 2086
Merit: 283
Vave.com - Crypto Casino
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October 18, 2019, 04:45:12 AM |
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Until now I have never lost or my bitcoin was stolen. Hopefully there will never be something we don't want, such as losing bitcoin because the price of bitcoin is very expensive now, it will be very sad if we have to lose bitcoin because we are wrong to use a wallet to store bitcoin, I now prefer to save bitcoin in an online wallet (web wallet ) like blockchain.info because in my opinion using a web wallet is very easy because we can easily access it and use the bacup feature with good encryption.
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dimonstration
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October 18, 2019, 04:51:44 AM |
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If the failed projects are considered to be a loss, then Definitely yes some in wrong transactions but only minimal amounts. specially in bounty hunting loss in effort. However that's part of engaging in crypto. Luckily, i didn't experience yet losing due to hacking and I will be very careful, so it will never happen to me. We should learn in every thing that happens here in crypto. Be attentive in projects and responsible in our passwords and private key.
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Genemind
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October 18, 2019, 04:55:57 AM |
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I have never lost my Bitcoin even once. I'm using both soft and hard wallet. My Bitcoin is the reward of my hard work so I'm careful in keeping it. It's really important that we're storing it in a secured wallet and we're keeping all our private keys safe at the same time. It's our responsibility to keep all our earnings safe so we must be mindful especially when we're transacting using our wallets.
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nasipadang
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October 18, 2019, 04:59:24 AM |
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We are talking from code security, I agree that saving cryptocurrency is more risky because I've lost BTC, maybe it's because of my own fault. The use of bugs or looking for system weaknesses to an exchange site is often done by hackers, their problem may be disguised as a target to gain access to your account, I often encounter that incident. With some cases regarding loss of funds at the exchanger because the system is broken, adding to the user's view of the risk of saving on the exchanger. We know for sure that the exchanger has also created a strict security system, but again technology is developing rapidly.
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cotton ball
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October 18, 2019, 05:10:00 AM |
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I've experience this situation and unable to withdraw my bitcoin and i felt been scam since they are rejecting my KYC information and they need more personal information. I will not mention the name of the exchange.
And i think its not a good idea to keep your bitcoin in exchange and withdraw and deposit it to your cold wallet that has access to private keys to secure your funds.
I know your site mean is Bittrex because they need your KYC for withdraw your bitcoin, without KYC you can't withdraw your bitcoin and we can called you lost your bitcoin in exchange because your KYC rejected, we hate with many exchange need for KYC because we really invests there with using our money and not get money for investing in exchange account by free.
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EdvinZ
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October 18, 2019, 05:30:21 AM |
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An exchange is really not safe to store funds. Exchange can be fraudulent, also hackers can hack it. Most reliable way to store Bitcoin has always been and remains offline wallet cold storage. There are several models of such wallets, but the most important thing is that no one except you has access to this repository of Bitcoins. However, they are only suitable for long-term storage. If you want to speculate on exchanges, you will somehow have to store some amount of cryptocurrency on the trading platforms.
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elda34b
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October 18, 2019, 05:31:28 AM |
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If the failed projects are considered to be a loss, then Definitely yes some in wrong transactions but only minimal amounts. specially in bounty hunting loss in effort.
I don't think a failed bounty gift count as losing your BTC. It's different because bounty tokens are bound to be worthless until proven otherwise. Which is why you should stop doing bounty here and there. Stick to sig campaign for a better result.
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d.kevin29
Member
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Activity: 112
Merit: 72
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October 18, 2019, 05:31:37 AM |
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I think as a beginner in the crypto world it's a huge possibility you might lose part/all of your funds through mistakes. Some might be stupid mistakes, but it doesn't matter - if you lost your money, it's just gone. I've been through such mistakes and it's so scary when it happens but you obviously learn from them. So as soon as I lost my first part of funds through an infected software, I knew I need to be much more careful with my Bitcoins or I might just lose it all one day. I think it's best to hold as a beginner at least 80% of your funds and try making transactions with part of the other 20% so that you can learn how it works. I'm sure it's much easier to learn this way than by reading other comments and opinions on how to safely transact. Or just buy a hardware wallet and you might save yourself from some stupid mistakes
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buwaytress
Legendary
Online
Activity: 2982
Merit: 3687
Join the world-leading crypto sportsbook NOW!
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October 18, 2019, 05:38:52 AM |
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It's not all about pros and cons, as you say, there is really no useful comparison on the same playing field when looking at storing on exchanges vs storing on wallets where only you own the private keys.
The latter is where some people are misled... a lot of people use easy web wallets, thinking it's safer, but if your web wallet or even client enables someone else to access your private keys (or worse, don't give it to you), then it's really NO different from storing on an exchange.
The correct comparison should be: Trusting someone else to keep your funds vs Trusting only yourself with your funds.
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CarnagexD
Sr. Member
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Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
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October 18, 2019, 06:02:05 AM |
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Recently I've heard someone's speech about keeping BTC on the exchange is not safe. But the same thing may be fair to other types of wallets — it's all about the pros and cons, isn't it? There must be a comparison based on the number of incidents, statistics, etc. I mean, ok, let's consider this article as a detailed guide for different types of wallets — there's an explanation, principles of working, advantages and disadvantages — but how do you actually know, which wallet will be safe? How did you choose your current wallet? Where do you keep crypto? Have you ever been stolen? Actually, it's not totally safe to store your balance in an exchange site because there are times that your exchange account can be hack by hackers. I have seen some articles that tackle about exchange hack where some of the funds of users are lost. Maybe it depends on the user on how he/she protect his/her exchange account. Having google authenticator will also help you to protect your exchange account like it will notify if someone wants to open your account. My simple way to keep my crypto safe and secure is through storing in a ledger which is a hardware wallet. Then, I will put it in my safety cabinet.
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Inkdatar
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October 18, 2019, 06:28:38 AM |
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As I read the above statement I remember those days that my btc was stolen in a certain exchange. My fault because possibly those times I accidentally open a phishing sites that leads my btc hack. Even though I’ve experienced a stolen btc it gives me a lesson that it is not safe to store btc in the exchange. So, started from that time I always use hardware wallet.
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SiDtHeBeSt
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October 18, 2019, 06:56:44 AM |
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I haven't ever lost bitcoin neither my bitcoins were stolen as of yet(Touchwood). But I have heard many many cases where not just bitcoins but mamy other coins were stolen from them from exchanges and ICOs. If I remember quite correctly one of my colleagues was an investor in some ICO called as circle or something similar and that was such a big scam, the signs were clear and the returns promised were quite to high and no I had never seen an ICO claiming things like the Circle ICO was but people still wasted there time just because of that greed of money. Lol shouldn't be laughing on people's misery but it is always those peope who are greedy of money are the ones who get scammed more often.
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xiboothrezi
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October 18, 2019, 07:16:40 AM |
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Recently I've heard someone's speech about keeping BTC on the exchange is not safe. But the same thing may be fair to other types of wallets — it's all about the pros and cons, isn't it?
Saving funds in a wallet exchange is quite dangerous because it is feared that if the exchange is hacked, the funds belonging to its members will be threatened. So it is important to choose an exchange that truly has a good reputation globally, and you must wisely understand all risks and provide multiple security. Where do you keep crypto? Have you ever been stolen?
Well, basically nothing is really safe on the internet. I once lost 0.03 BTC from my wallet blockchain. Though I have provided double security, 2FA and email verification, but still lost. My BTC is sent by "someone" to another BTC address. I've read that hackers can break into our wallets in several ways: Malware, Virus, Phishing, Remote access to your device, and Keylogger
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doomistake
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October 18, 2019, 07:31:41 AM |
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Recently I've heard someone's speech about keeping BTC on the exchange is not safe. But the same thing may be fair to other types of wallets — it's all about the pros and cons, isn't it? There must be a comparison based on the number of incidents, statistics, etc. I mean, ok, let's consider this article as a detailed guide for different types of wallets — there's an explanation, principles of working, advantages and disadvantages — but how do you actually know, which wallet will be safe? How did you choose your current wallet? Where do you keep crypto? Have you ever been stolen? I'm using trezor and electrum on storing my bitcoins and altcoins, and I didn't experience yet that kind of incidents (thank God). Storing your bitcoins literally in a market is safe, however you need to monitor it always and check the exchange updates every time to know every details that is new about them, like if they are going to delist some coins or going to shut down their exchange, something like that, for you to be able to withdraw all of your remaining funds on their exchange. My point here is that, it all comes with great responsibility to make things in proper and in order.
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