alecmerkel
Newbie
 Offline
Activity: 56
Merit: 0
|
 |
July 25, 2014, 02:22:40 AM |
|
So pretty much there all shit.
xapo has insurance? Do you have to pay a premium for that?
|
|
|
|
|
|
|
|
|
|
|
|
If you see garbage posts (off-topic, trolling, spam, no point, etc.), use the "report to moderator" links. All reports are investigated, though you will rarely be contacted about your reports.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
williamj2543
|
|
July 25, 2014, 02:50:10 AM |
|
So pretty much there all shit.
xapo has insurance? Do you have to pay a premium for that?
In their vault it is insured, for 0.12% annually. |
██████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████ |
|
|
|
CoinsCoinsEverywhere
|
|
July 25, 2014, 04:30:07 PM |
|
So pretty much there all shit.
xapo has insurance? Do you have to pay a premium for that?
In their vault it is insured, for 0.12% annually. By whom is it insured? And under what conditions? If xapo suddenly disappeared and the owners ran off with your coins, would you be able to collect on the insurance for that (my guess would be no)? |
|
|
|
|
|
wasserman99
|
|
July 25, 2014, 06:51:10 PM |
|
I'd also like to know who "insures" these deposits. The government? Xapo themselves? I don't trust Bitfinex either when they say they effectively "insure" lender swaps by collecting 15% of swap interest fees. Do the math -- that won't cover a damn thing in a real price decline.
|
|
|
|
|
Dread Pirate Roberts
|
|
July 26, 2014, 04:02:51 PM |
|
maybe i just will save in bitstampp because theire more better than keep secure online or save in cold wallet who never online. but while waiting send to cold wallet i save more than 10 btc and send it to there . to makes more easy to access all wallet and secure  |
|
|
|
|
|
asdlolciterquit
|
|
August 12, 2014, 10:31:03 AM |
|
i have most of my btc on exchange, but i'm getting scared, so soon i will take off them.
|
|
|
|
|
franckuestein
Legendary
Offline
Activity: 1960
Merit: 1130
Truth will out!
|
|
August 12, 2014, 11:20:51 AM |
|
People don't remember MTGox? Yes, that exchange in which people lost a lot of money  |
[ AVAILABLE SIGNATURE SPACE ]
|
|
|
|
oceans
|
|
August 14, 2014, 12:24:02 AM |
|
No, this is not something I would do purely because I don't think it would be safe to and I would never have piece of mind having my coins held in exchange. I have known people to lose by doing this so it's not something I would do unless I wanted the same fate.
|
|
|
|
|
|
Fray
|
|
August 14, 2014, 01:05:00 AM |
|
People don't remember MTGox? Yes, that exchange in which people lost a lot of money Even if you don't have a mtgox type situation, have your coins stored on an exchange opens you up to a lot of risks. One main risk is that your account at the exchange gets hacked and your coins withdraw from your account. You would have little to no way of proving your account got hacked and would have no way of recovering the money. |
|
|
|
|
|
CoinsCoinsEverywhere
|
|
August 15, 2014, 03:12:45 AM |
|
People don't remember MTGox? Yes, that exchange in which people lost a lot of money Even if you don't have a mtgox type situation, have your coins stored on an exchange opens you up to a lot of risks. One main risk is that your account at the exchange gets hacked and your coins withdraw from your account. You would have little to no way of proving your account got hacked and would have no way of recovering the money. It would be very helpful to have something like FDIC or SIPC backing for exchange accounts so you could be assured that (under most normal circumstances) you won't lose your money if your account is hacked. Of course that would require additional regulation and expense, but that's the trade-off. |
|
|
|
|
|
