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Author Topic: Using MtGox as a wallet?  (Read 5625 times)
Gigaminer
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January 09, 2012, 06:02:00 PM
 #21

A practical and reasonably safe way to store your bitcoins is to make a savings account to which you transfer most of your bitcoins. Put the wallet and a backup both on a thumbdrive. delete the wallet from your PC.

Another  option is to diversify. Store at many different places.
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PrintCoins
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January 09, 2012, 07:47:08 PM
 #22

Don't use any wallet service. Any can be hacked, shut down, fractional reserved, or just robbed by their owners (doubtful of the last for mtgox, but they do have employees they have to trust).

Mtgox, is an exchange, not a wallet service. Put coins in there to sell and take them out when done. No risk of them failing.

stick_wood
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January 09, 2012, 08:12:36 PM
 #23

Don't use any wallet service. Any can be hacked, shut down, fractional reserved, or just robbed by their owners (doubtful of the last for mtgox, but they do have employees they have to trust).

Mtgox, is an exchange, not a wallet service. Put coins in there to sell and take them out when done. No risk of them failing.

Exactly. I aim to leave my coins in exchanges the least amount of time possible !
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