Do you keep Bitcoin on Exchanges and online wallets?

[hexwin 4931]

Simple question and VOTE ☝️:

Do you keep your Bitcoin on Exchanges and online wallets and where?

Do you think it is safe or not?

Edited October 24, 2019 by hexwin

[hexwin 4931]

3 minutes ago, bitcoworld said:

I keep all my Coins on my Hardware wallets. If i trade i send some to and exchange and buy and altcoin for example and send him to my hardware wallet. If i want to sell to take profits i can send him back very fast and i have the control as long as he is on my HW

Online Wallets are not more in use here since XAPO lost their Credit Card. Also, as i said i like to have the control which is offered by 1% of online wallets. For noobs indeed online wallets are the best way to store since of the lack of knowladge they can lose private keys or get hacked easy.

So i can suggest Coinbase as safe haven and Binance for the Exchanges part because of their huge insurance its pretty safe.

Great to see someone explaining where you should keep your Bitcoins, as I see that people still don't even understand the basics of bitcoin, private keys and wallets.
Wallet is not the same as exchange. Not your keys - not your crypto!

[cuterthing 261]

I keep my altcoins on different exchanges like Binance and yobit.You can hold your coins in investbox at yobit too.It is really good 🙂

[williamz902 696]

I don't have a lot of assets at the moment, so I generally keep them on exchanges so that I can trade with them easily. When I start to accumulate a lot more, I will move some of the funds I'm not using to an offline wallet for safety. Will make sure I backup the keys in several places.

[zhaazure27 524]

43 minutes ago, hexwin said:

Simple question and VOTE ☝️:

Do you keep your Bitcoin on Exchanges and online wallets and where?

Do you think it is safe or not?

For me, I do not keep lingering bitcoin in an online wallet let alone on the exchange.
I think that is very unsafe. I only use as needed. We must be carefull in storing bitcoin too long in an online wallet. Be careful of hackers and irresponsible people.

[Paranoxxx 228]

I have only a small amount on exchanges for trading purposes. About 80% of my cryptocurrencies are stored on hardware wallets and some in wallets on my PC. I don't trust exchanges or Online wallets.

[Glossy 615]

I keep most of my BTC funds on cold wallets (paper wallets or USB stick which is safely encrypted).

Some of the liquid funds which I use for day to day transactions are in ETH and I use Metamask to access them.

After getting burned by getting my funds stolen/frozen on Cryptopia exchange I'm not comfortable when having significant sum on any exchange.

[nykas 2812]

Yeah, I keep some BTC on exchanges and online wallets, because sometimes I need to sell it very fast, also it`s very convenient to keep them there

[Phash 143]

I am a fan of ETH and the online wallet I use is Luno and the exchange wallet I use is Binance. I have 2fa enabled on both to be on a more safe side. 

[mostawda3 425]

Personally, my capital is small so I don't care much about the means of protection, and I always keep Bitcoin and other currencies in exchanges.

[werus 6]

I think it's very risky to keep it on an international exchange like Binance or Bittrex, maybe if the exchange is located in your country and your money is guaranteed, I don't think it's not problem

[hexwin 4931]

@xBDT Script Do you see this results on voting here?
You see most people keep Bitcoins on exchanges and online wallets.
Me and @bitcoworld voted NO so keep that in mind 😉

Same people that voted that BS V is not a scam ...

Edited October 24, 2019 by hexwin

[xBDT Script 4371]

2 hours ago, hexwin said:

Simple question and VOTE ☝️:

Do you keep your Bitcoin on Exchanges and online wallets and where?

Do you think it is safe or not?

You have asked two questions but gave one option two answer 😃 and reading at the title it seems the question as asked for if we keep them in online wallet or exchanges?

The answer is "No".

Now the answer of the 2nd question is also "NO" 

 

22 minutes ago, hexwin said:

Me and @bitcoworld voted NO so keep that in mind 😉

I too vote for NO LOL

 

Few days ago some guy was having some angry conversations with me because I was saying blockchain wallet is not safe 😁

Edited October 24, 2019 by xBDT Script

[hexwin 4931]

6 minutes ago, xBDT Script said:

You have asked two questions but gave one option two answer 😃 and reading at the title it seems the question as asked for if we keep them in online wallet or exchanges?

 

I also gave option I don't know....

And we can see that people don't even know the difference of online wallet and exchange.... terrible.

We need baby learning steps for most people.  

I also know so little about blockchain and I learn every day

[Rounak sarkar 117]

Yes I keep my balance in any exchange or online wallet because, we have a live example on here, as you can see your post in this forum and the payment will goes yobit account and yobit has a exchange. But if I have a more option to transfer my balance directly on my personal wallet, so I can choose it for this time that's it.

If the question of safety, show the all the wallets will trusted.

Edited October 24, 2019 by Rounak sarkar

[Haydoidayctm 82]

Yes .  I mostly keep it on exchanges to facilitate trading when prices fluctuate abnormally and to buy altcoins

[xBDT Script 4371]

2 minutes ago, hexwin said:

And we can see that people don't even know the difference of online wallet and exchange.... terrible.

We need baby learning steps for most people. 

Honestly speaking this is why community like this are very good platform for us to rise awareness about this. Forum like this helps are to spread the knowledge and help the new people in the space.

I get it - but my philosophy is that at least have them this idea too that there are better things exists and make them interested in it.

May be they will learn someday.

[IrinaLavrinova 365]

It is logical that you will store a large amount of bitcoin on cold wallets. I keep a small part online to send trading more quickly. In the three years that I have been in crypto, my online wallet has never been attacked or hacked.

[Masterrex 559]

5 hours ago, hexwin said:

Simple question and VOTE ☝️:

Do you keep your Bitcoin on Exchanges and online wallets and where?

Do you think it is safe or not?

Yes I hold BTC and USDT on my BInance exchange account since im doing a day trading there, and since 2017 until now i never encountered any glitch on Binance in terms of my account security, For me Binance wallets are still safe.

[RieL 28]

i did store them mostly on my online wallet because i dont have extra money to buy hardware wallet because it is expensive here . i do trust the online wallet ang making sure everytime that i am on a good site which is verified to avoid scams and also losing coins

[cryptokram 102]

I answered I dont know because i have my bitcoin in my private wallet and in some exchange also.

Electrum is the wallet i am using while some of my BTC are in some exchange which i use to buy and sell tokens!

5 hours ago, hexwin said:

Wallet is not the same as exchange. Not your keys - not your crypto!

I will always remember this! this what we talk first week on this forum!

[xBDT Script 4371]

1 hour ago, Crazyjesus said:

Hackers and some of the owners of online sites themselves are a potential threat.

This 2nd one is very worrying. Indeed you have no idea what they have in their mind. For example Cryptopia. I am still in fence what actually happened. It really is easy to rise this issue that we got hacked and then shut down the exchange or wallet service.

Bitcoin has invented not to trust human but to trust in blockchain.

[flomopeter 135]

I keep my bitcoins on exchanges, it is fast for me to sell if price change and the top exchanges are better than those online wallet, if I want to keep my bitcoins in a wallet, I will use a offline wallet where I am in charge of my coins.

[hexwin 4931]

7 hours ago, bitcoworld said:

Hahaha BSV people dude, just idiots which have no brain IMO

Looks like that ...or if they have brain then they son't use it at all 😆

Look at this! 60% people are keeping Bitcoin on exchanges and online wallets 🙄🙄🙄

[hexwin 4931]

53 minutes ago, bitcoworld said:

Sick, as i said, as of the lack of knowledge they think they do the right thing. Such people need to be scammed and also deserved to be scammed. How the f**** you can vote yes after you read all we said in this topic. Those are the idiots i mention before.

It is very sick 😆 and maybe they cant't read and think...
If you exclude you, me and xbdt, then it looks like that 2 times more people voted that they keep Bitcoin on exchanges and online wallets!