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Author Topic: The reason why you need to store your money in your hands!  (Read 869 times)
Adriano2010
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January 08, 2020, 03:50:23 PM
 #61

I agree that we should hold our coins and money in our hands, 1 month ago approximately i used a service that store money and can send directly from there, i had some money there not a lot and they temporary block me and asking for documents and screenshoot about my withdrawal from another website to them, i send all doxa, but they still saying me that account is under review and i will can't use my money until they finish it, so never can't trust any online service to hold my money there, well i use that to pay bills and other things online and to not go to local and wait a lot and also because of holidays, but i will never trust them again.
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January 08, 2020, 05:27:41 PM
 #62

It is reported that exchanges began to freeze accounts for having been on the accounts of a "dirty" Bitcoin. Moreover, we are talking about Binance and about the Bitcoin, which was there 5 months ago. Sad Thus, exchanges can freeze any amount of funds in order to cover cash gaps simply by tinkering with their user's transaction history. If suddenly a user once bought from someone a “dirty” BTC on OTC, send it on the exchange and then conducted operations with other BTC there for a long time, then at one moment he can get a ban and the exchange can don't give him money as much time Exchange wants.  Embarrassed I think it can affect everyone. so I share this info with you guys because I recommend you hold your money ONLY in your own wallets! so be careful and Happy New Year!
for long-term holders they can keep their money in personal wallets for a long time, but for most traders they cannot keep their money in their wallets and stop trading. I think these incidents are rare, and the exchange will have appropriate policies to avoid affecting users
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January 08, 2020, 05:55:49 PM
 #63

Please keep the money in your wallet without giving it to anyone else to keep or borrow, ... this is not safe at all. Everyone must be very careful. You can lose money anytime if not careful.  Angry
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January 08, 2020, 05:58:04 PM
 #64

Basically if you just want to save for a long time, certainly don't save in exchange. Because the risk is certainly very large, we never know the exchange concerned is experiencing problems with hacking. Of course our funds will disappear, unless we just want to trade. Certainly not a problem to keep it in exchange, because the time period is not too long.

ameliana
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January 08, 2020, 06:00:30 PM
 #65

yes, and it is important for anyone who has a large amount of assets or coins not to store too long in exchange, because it is very risky for you. I personally never keep coins for too long in exchange, I prefer to keep or use a hardware wallet (if the amount of assets is large) / web wallet (if the amount of assets is small)
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January 08, 2020, 06:07:23 PM
 #66

Instinctively, I have always believed the best way to keep your profit is in fiat or an offline business

Buh, you can use the stable coin options as well
And store your wealth in your private wallets, not exchanges wallet
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January 08, 2020, 06:10:54 PM
 #67

If you want to save your money in hands you need to stay with the fiat currency usage alone.
At the same you are in Cryptocurrencies means you can go with the online mode payment and internet usage only buddy. If we want to save money and we can go with crypto payment.

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January 08, 2020, 06:35:13 PM
 #68

It is reported that exchanges began to freeze accounts for having been on the accounts of a "dirty" Bitcoin. Moreover, we are talking about Binance and about the Bitcoin, which was there 5 months ago. Sad Thus, exchanges can freeze any amount of funds in order to cover cash gaps simply by tinkering with their user's transaction history. If suddenly a user once bought from someone a “dirty” BTC on OTC, send it on the exchange and then conducted operations with other BTC there for a long time, then at one moment he can get a ban and the exchange can don't give him money as much time Exchange wants.  Embarrassed I think it can affect everyone. so I share this info with you guys because I recommend you hold your money ONLY in your own wallets! so be careful and Happy New Year!
Keep holding assets in our hand most safety than holding our bitcoin and altcoin assets in exchange wallet, very year we got many exchange market have closes their exchange account and website because got hacked and not responsibility whit investor money and you have hold your assets in your hand.
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January 08, 2020, 06:45:16 PM
 #69

If you want to save your money in hands you need to stay with the fiat currency usage alone.
At the same you are in Cryptocurrencies means you can go with the online mode payment and internet usage only buddy. If we want to save money and we can go with crypto payment.
actually the convenience that has been provided by crypto very much helps with the ease of the transaction. but it must be remembered also that not all countries can accept it because of the limitations of the internet network, so there are still obstacles that cannot be resolved and it takes time for that. so the use of fiat is still very widely used.
ije07
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January 08, 2020, 06:59:28 PM
 #70

If you want to save your money in hands you need to stay with the fiat currency usage alone.
At the same you are in Cryptocurrencies means you can go with the online mode payment and internet usage only buddy. If we want to save money and we can go with crypto payment.
actually the convenience that has been provided by crypto very much helps with the ease of the transaction. but it must be remembered also that not all countries can accept it because of the limitations of the internet network, so there are still obstacles that cannot be resolved and it takes time for that. so the use of fiat is still very widely used.
but as far as I know, each country has different revisions or regulations and not just because of the limitations of the internet network, some of which are like world restrictions on cryptoqurrency and limited knowledge about the crypto industry or blockchain technology. but talking about Fiat doesn't seem so familiar to them, in fact many companies use Fiat to transact and of course it depends on their needs too. On the other hand, it is likely that cryptoqurency can also be used as a transaction tool in the future.

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SquallLeonhart
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January 09, 2020, 06:05:20 AM
 #71

It is reported that exchanges began to freeze accounts for having been on the accounts of a "dirty" Bitcoin. Moreover, we are talking about Binance and about the Bitcoin, which was there 5 months ago. Sad Thus, exchanges can freeze any amount of funds in order to cover cash gaps simply by tinkering with their user's transaction history. If suddenly a user once bought from someone a “dirty” BTC on OTC, send it on the exchange and then conducted operations with other BTC there for a long time, then at one moment he can get a ban and the exchange can don't give him money as much time Exchange wants.  Embarrassed I think it can affect everyone. so I share this info with you guys because I recommend you hold your money ONLY in your own wallets! so be careful and Happy New Year!
It has never been a good idea to store all your money in an exchange, it’s always best to keep it your private and the ones that are meant to be in your exchanges accounts are just the ones you want to trade with.

Any money stored in an exchange you’re no longer in full control of it, because the exchange can block you from accessing your account on their website and you will just lose that money. And for this case you’ve reported, as long as it’s a good exchange if you’re able to prove how you got that money I believe that they will give it back to you. And such can’t happen unless you were reported because a dirty money was traced to your account.
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January 09, 2020, 06:09:18 AM
 #72

Things are taking different turn in crypto space now, very soon there will be no need to move your coins out of your wallet to any exchange for trading, it will be done in your wallet, few wallet support this but the exchanges are swap like changelly

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January 09, 2020, 06:13:26 AM
 #73

If you want to save your money in hands you need to stay with the fiat currency usage alone.
At the same you are in Cryptocurrencies means you can go with the online mode payment and internet usage only buddy. If we want to save money and we can go with crypto payment.
actually the convenience that has been provided by crypto very much helps with the ease of the transaction. but it must be remembered also that not all countries can accept it because of the limitations of the internet network, so there are still obstacles that cannot be resolved and it takes time for that. so the use of fiat is still very widely used.
Besides being unable to reach all regions, many governments from various countries have not been able to legalize cryptocurrency for various reasons, such as money laundering, terrorism, drug possession, etc.

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January 09, 2020, 06:21:37 AM
 #74

Please keep the money in your wallet without giving it to anyone else to keep or borrow, ... this is not safe at all. Everyone must be very careful. You can lose money anytime if not careful.  Angry
That's right, and that's certainly known to everyone in the crypto world, because no one wants to give their assets or wallet keys to others, unless they are really stupid in their thinking.
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January 09, 2020, 06:46:49 AM
 #75

Please keep the money in your wallet without giving it to anyone else to keep or borrow, ... this is not safe at all. Everyone must be very careful. You can lose money anytime if not careful.  Angry
That's right, and that's certainly known to everyone in the crypto world, because no one wants to give their assets or wallet keys to others, unless they are really stupid in their thinking.

Yeah me in personal never giving away or even tell anybody in my circle (friends, family, etc) about the cryptocurrency that i possesed because there are so many things will happen if it's all about money. So we better keep ourself and place our wallet in a safe area that we are the only one that can access it.
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January 09, 2020, 10:02:35 AM
 #76

Our biggest mistake starts here: using centralized exchanges in the decentralized system.
Yeah me in personal never giving away or even tell anybody in my circle (friends, family, etc) about the cryptocurrency that i possesed because there are so many things will happen if it's all about money. So we better keep ourself and place our wallet in a safe area that we are the only one that can access it.
In terms of safety you may be right but think about the other side. If you die in an accident, will not there be someone to access your wallet. The funds you have collected for years will be buried with you. Think about it without wasting time and teach everything to the person you trust.
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January 09, 2020, 10:13:37 AM
 #77

Our biggest mistake starts here: using centralized exchanges in the decentralized system.
Yeah me in personal never giving away or even tell anybody in my circle (friends, family, etc) about the cryptocurrency that i possesed because there are so many things will happen if it's all about money. So we better keep ourself and place our wallet in a safe area that we are the only one that can access it.
In terms of safety you may be right but think about the other side. If you die in an accident, will not there be someone to access your wallet. The funds you have collected for years will be buried with you. Think about it without wasting time and teach everything to the person you trust.
That is the only consequence of being too private when it comes to money. I agree with you, telling or teaching someone very dear to you about crypto will be better to at least have someone can benefit what you have when your time comes or when you die. That way, every hardworks you did just to earn your assets won't be put to waste.


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Inkdatar
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January 09, 2020, 10:15:38 AM
 #78

Things are taking different turn in crypto space now, very soon there will be no need to move your coins out of your wallet to any exchange for trading, it will be done in your wallet, few wallet support this but the exchanges are swap like changelly
Better not to store coins in an exchange for the security purposes. Even you have your coins that support swap changelly never store a big amount of btc. There an instance wallet may hack so let us be careful holding our money. In the exchange we cannot control our funds so having a wallet we have access on it is good.
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January 09, 2020, 12:38:13 PM
 #79

Yeap,its true(universal truth).without key coin is not yours.Exchanger always Risky to hold.if you don't own private key you don’t own the coin.I think exchangers and banks are same.Because exchanger and bank both can hold your money. So it’s Better to own key and hold coin others you can face horrible situation.               

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January 09, 2020, 12:41:11 PM
 #80

It is reported that exchanges began to freeze accounts for having been on the accounts of a "dirty" Bitcoin. Moreover, we are talking about Binance and about the Bitcoin, which was there 5 months ago. Sad Thus, exchanges can freeze any amount of funds in order to cover cash gaps simply by tinkering with their user's transaction history. If suddenly a user once bought from someone a “dirty” BTC on OTC, send it on the exchange and then conducted operations with other BTC there for a long time, then at one moment he can get a ban and the exchange can don't give him money as much time Exchange wants.  Embarrassed I think it can affect everyone. so I share this info with you guys because I recommend you hold your money ONLY in your own wallets! so be careful and Happy New Year!

The question now do we have traders in Binance that experienced all of these, this is not right, they cannot just freeze accounts just like that without strong valid proof that the Bitcoin they send are dirty Bitcoin, in the past, they have some accounts limited, because of some questionable deposit, but if these are legit traders who do not know about this, this is really bad, for traders.
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