farnsworth7 (OP)
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May 31, 2014, 01:46:50 PM Last edit: May 31, 2014, 02:48:54 PM by farnsworth7 |
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We all know Bitcoin is made so that you can be your own bank, and if handled properly, it's the only way for your money to be really secure. Nevertheless, I'm sure many of us still have a significant amount of bitcoins on an exchange, for various reasons (because we trade a lot, or because we trust an exchange more than a paper wallet). Please answer this quick poll : https://fr.surveymonkey.com/s/PPX6WK5I will update this post to show you the poll results. (Edit : you can also see the results of the poll right after you answer it. I added Coinbase in the list.)
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Meuh6879
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May 31, 2014, 01:51:04 PM |
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BitCoinDream
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The revolution will be digital
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May 31, 2014, 01:57:02 PM |
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We all know Bitcoin is made so that you can be your own bank, and if handled properly, it's the only way for your money to be really secure. Nevertheless, I'm sure many of us still have a significant amount of bitcoins on an exchange, for various reasons (because we trade a lot, or because we trust an exchange more than a paper wallet). Please answer this quick poll : https://fr.surveymonkey.com/s/PPX6WK5I will update this post to show you the poll results. Why are u giving a surveymonkey poll while we have the poll feature in the forum itself ? That way, u dont need to update the result too... we can see it ourselves.
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DolanDuck
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May 31, 2014, 01:57:10 PM |
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There's no sense in holding ALL the bitcoin savings into an exchange but if I would be forced I'll deposit mine into BitStamp, the only one I trust.
Offline wallets + paperwallets + online wallets (small amount to trade) to be secure and have some fun.
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farnsworth7 (OP)
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May 31, 2014, 02:20:14 PM |
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Why are u giving a surveymonkey poll while we have the poll feature in the forum itself ? That way, u dont need to update the result too... we can see it ourselves.
I used a surveymonkey poll because I also posted this poll elsewhere, and I want to centralize all results in one place. I changed the settings of the poll so that you can see the results right after you answered it.
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Cryptopher
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Keep it dense, yeah?
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May 31, 2014, 02:23:28 PM |
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Do I trust them? No, why would I? Do I do it? Yes, I'm an idiot ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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Sign up to Revolut and do the Crypto Quiz to earn $15/£14 in DOT
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jc01480
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May 31, 2014, 02:29:20 PM |
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Other: Coinbase
They are pretty good. I like their exchange.
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farnsworth7 (OP)
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May 31, 2014, 02:34:15 PM |
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What I personally do : I own about 30 btc, and I let them sit on Kraken. I keep them there for several reasons :
- I dont trust myself to keep a paper wallet safe for a long time. - I mostly trust Kraken, in particular because they have automated audits. - I want to be ready to sell quickly in case of a huge crash.
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BitcoinBulls
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May 31, 2014, 02:43:23 PM |
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I would trust Coinbase more than anyone else. I don't see any reason to keep all of your crypto holdings in an online wallet though, especially if they are significantly large.
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DuckDuckMoose
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May 31, 2014, 03:32:50 PM |
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Short: No.
However, I tend to keep only about 0.2btc in an exchange at any given time.
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ashish12
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BITCOIN
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May 31, 2014, 03:46:02 PM |
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Trust no one when it comes to $$$
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SOEHARTO
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May 31, 2014, 04:59:58 PM |
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maybe no . but for reason manual maybe yes
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zetaray
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May 31, 2014, 05:10:37 PM |
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I only send bitcoin to an exchange when I want to sell them, and will keep fiat there until I buy the coins back. I do not trust any exchange, not only because they might become insolvent any minute, but they might also force me into verification before I can withdraw anything.
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acs267
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May 31, 2014, 05:19:23 PM |
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No. I have held Bitcoins in a exchange, but normally, the amount isn't over .2BTC. And if I hold it, it's either for a few days or a day. I don't do it because exchanges control the accounts, and your Bitcoins. Some exchanges can also glitch, like the negative balance at Cryptsy. And a example of them controlling your funds is when Vircurex froze all user's Bitcoin, Litecoin, and Feathercoin balances.
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Benjig
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June 01, 2014, 07:06:21 AM |
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Dont put bitcoins in exchange, or if you want to, keep small amounts below 5 btc and keep monitoring the exchange very often, almost always there are signs before the shutdowns of the exchanges
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Bogleg
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June 01, 2014, 09:48:22 AM |
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If the exchange has a record of honest conduct.
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SirChiko
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June 01, 2014, 09:50:29 AM |
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Not ALL bitcoins for sure i keep max of 0.5 coins on exchanges.
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The only online casino on which i won something. I made 17mBTC from 1mBTC in like 15 minutes. This is not paid AD!
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chennan
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June 02, 2014, 02:28:34 PM |
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I only send bitcoin to an exchange when I want to sell them, and will keep fiat there until I buy the coins back. I do not trust any exchange, not only because they might become insolvent any minute, but they might also force me into verification before I can withdraw anything.
me too. Even the exchange is big and stable, I still do not trust them. Do you guys still remember Mtgox why to file for bankruptcy? Hacker can steal all the BTC in the wallet of the exchange once they found the security issue and donot care how large the exchange is.
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kerafym
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THE GAME OF CHANCE. CHANGED.
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June 02, 2014, 02:41:15 PM |
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I only send bitcoin to an exchange when I want to sell them, and will keep fiat there until I buy the coins back. I do not trust any exchange, not only because they might become insolvent any minute, but they might also force me into verification before I can withdraw anything.
me too. Even the exchange is big and stable, I still do not trust them. Do you guys still remember Mtgox why to file for bankruptcy? Hacker can steal all the BTC in the wallet of the exchange once they found the security issue and donot care how large the exchange is. Mtgox went down largely due to incompetency and insider theft. How many people actually believe the theft happen more than 1 year and no one discover it?
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TrailingComet
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June 03, 2014, 04:33:18 AM |
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Absolutely not, have been stung several times by online exchanges, most notably by MtGox
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