Don't put too much money in BTC trading platforms!

[wilbertson 109]

Guys, don't treat your tradding account or exchange sites accounts a s wallets. We have seen many traditing sites clossing up moatnof them announce a closing up but some don't or not announce it properly purposely. But be aware some don't announce at all. 

My advice, don't store your money in exchange or trading site plus don't use site that's have no good reputation

Take care and Happy trading..

[jcarlo 206]

Indeed, we should not keep our coins in the wallet exchanger because it is risky if the exchanger we use is hacked by someone else. If you want to plan to save coins for the long term, it's better to store them in a wallet that we control our private key

[Zzoro6110 19]

I agree with you
Care must be taken
And do not hide our money in the platforms because your money will be at risk at any moment and can lose
And regret does not benefit remorse then
Be careful

[bentayebsalah 2280]

Your words are true. Platforms are vulnerable at any moment because of problems from force majeure like governments
Or the bankruptcy of the platform becomes impossible for them to continue
That's why you should keep your money in a key or a reliable portfolio

[Caporetto 327]

You can margin trade on Binance, or lending ur coins getting 15% of ur balance a year... im sure thats very safe. CZ is not going to exit scam he has too much popularity.

[chou_tamago 21]

not just closing but the major fear here is hacking . what if they are going to get hacked one day ? still , its okay to store coins on a verry trusted exchange or the ones that are popular right now ( e.g binance , houbi ,kukcoin ,etc ) because these exchanges have a good security and hackers cant penetrate easily . plus they also have money back guarantee or refunds . one example is binance  . thats why we shouldnt be afraid  . its okay to push risk since crypto investing is already risky .

[bestprofi 372]

Perfectly agree with you. In theory this is good to do, but because of the convenience and the desire to have the funds available, many leave them in exchanges.

[williamz902 696]

I agree. I once held money in an online wallet and the website closed down and didn't pay anyone back. I've definitely learnt my lesson. Whenever I have spare funds that I don't immediately need, I transfer them to the wallet on my computer, and I make sure I backup the wallet - because the computer could be stolen at any time. This crypto stuff is so risky.

[duncun007 3577]

you can say this about small volume exchanges that have weak security and easy to hack ,big exchanges hire the best coders and security firms and pay them well, plus big exchanges have treasury funds just in case something happened they can pay customers.

[Bills 583]

On 10/15/2019 at 6:45 PM, wilbertson said:

Guys, don't treat your tradding account or exchange sites accounts a s wallets. We have seen many traditing sites clossing up moatnof them announce a closing up but some don't or not announce it properly purposely. But be aware some don't announce at all. 

My advice, don't store your money in exchange or trading site plus don't use site that's have no good reputation

Take care and Happy trading..

It depends on the type of Exchange, there are many Exchanges that are very safe, offer and give confidence to their customers, of course, this does not save them from being hacked, but it is always better to look for those of level 1A.

 

 

 

 

 

 

 

[starwill 456]

That is correct in the trading platforms you just have to keep the work money since if you store all your capital you will always be at risk and you will not have how to recover in case of any loss
 

[Cryptohash 702]

It's true but most of them do not trust exchange that much easily they use keep only the amount only for trading coins.

[jcarlo 206]

On 10/17/2019 at 12:25 PM, Bills said:

It depends on the type of Exchange, there are many Exchanges that are very safe, offer and give confidence to their customers, of course, this does not save them from being hacked, but it is always better to look for those of level 1A.

 

 

 

 

 

 

 

Although there are several exchangers who guarantee that our funds are in the exchanger wallet, in my opinion it would be better if we keep it in the wallet that we control the private key. There is no guarantee that an exchanger will be able to survive if it is continuously attacked by hackers and I think the safe step is to store it in our own wallet

[seriousguywithfunnypants 266]

On 10/15/2019 at 6:45 PM, wilbertson said:

Guys, don't treat your tradding account or exchange sites accounts a s wallets. We have seen many traditing sites clossing up moatnof them announce a closing up but some don't or not announce it properly purposely. But be aware some don't announce at all. 

My advice, don't store your money in exchange or trading site plus don't use site that's have no good reputation

Take care and Happy trading..

Exactly. You need to use some hardware wallets to get the control of your funds. I am a hodler so I never put that much money to an exchange. However, for the day trader, it is not a good idea to put lots of money on the exchange.

[Bills 583]

On 10/17/2019 at 1:25 AM, Bills said:

It depends on the type of Exchange, there are many Exchanges that are very safe, offer and give confidence to their customers, of course, this does not save them from being hacked, but it is always better to look for those of level 1A.

 

 

 

 

 

 

 

Yes, because those of Level A already have a history, they represent reliability, and the money we put on those platforms is worth it, there are many who lose their money just by depositing it in an Exchange Fake.

[Cryptohash 702]

On 10/16/2019 at 4:15 AM, wilbertson said:

Guys, don't treat your tradding account or exchange sites accounts a s wallets. We have seen many traditing sites clossing up moatnof them announce a closing up but some don't or not announce it properly purposely. But be aware some don't announce at all. 

My advice, don't store your money in exchange or trading site plus don't use site that's have no good reputation

Take care and Happy trading..

Only try to trade in top exchange.

Deposit amount which you can afford to loose . Mostly everyone is so aware of it nowadays every one started trusting hardware wallet and desktop wallet 🙂

 

[1millionClub 494]

On 10/16/2019 at 1:45 AM, wilbertson said:

Guys, don't treat your tradding account or exchange sites accounts a s wallets. We have seen many traditing sites clossing up moatnof them announce a closing up but some don't or not announce it properly purposely. But be aware some don't announce at all. 

My advice, don't store your money in exchange or trading site plus don't use site that's have no good reputation

Take care and Happy trading..

That's a good advice. Never keep too many coins on any exchange or casinos. You'll never know when will they close the business and run away with your funds. Once they do that it is almost impossible to get your funds back. Look what happened to the people who kept their coins in Mt. Gox. They still haven't got their coins back ant it has been 5 years already since the exchange has collapsed.

[kurt777 839]

It is better to invest only free money in cryptocurrencies! But not what is necessary for life! I lost on the cryptopia exchange It was a trifle for me!

[palalu 512]

It is absolutely true. I once lost some coin in Bitgrail. But I don't know why I still use exchanges as wallet😰

[Congli18 154]

my advice is right, you shouldn't have too much money on the btc trading platform, because hackers are everywhere, so my advice is you don't save too much btc trading platform money.

[summit293 16]

I have a friendly tip, if you want to trade just give a money that you afford to lose. This is a unpredictable world, being too much practical is not good as much as being greed. Then if you lose it, it will not totally affect you emotionally and what you have. Our mind set is important for us to become rich. Indeed I agreed not to put too much of your money. You may earn few but atleast not a huge amount you'll lose.

[Lubruselu 2803]

No in trading bitcoin its need huge amount of bitcoin but in order to be more safe I suggest to use only binance exchange platform cause this are the most worth crypto exchange.

[yifnt 666]

This will not be a problem if we save it in a large exchange, such as binance and yobit. Surely if something happens they will give an announcement to the user

[Lubruselu 2803]

On 10/16/2019 at 1:45 AM, wilbertson said:

Guys, don't treat your tradding account or exchange sites accounts a s wallets. We have seen many traditing sites clossing up moatnof them announce a closing up but some don't or not announce it properly purposely. But be aware some don't announce at all. 

My advice, don't store your money in exchange or trading site plus don't use site that's have no good reputation

Take care and Happy trading..

That's why biggest trader that can deposit 100 bitcoins for trading, they are always use binance for trading because the binance key people are known publicly so they can't run with anyone money it different with other exchange that we trade but we don't know founders we only know moderators.

[Lubruselu 2803]

But in order to earn a huge profit we should have a huge amount of bitcoin to trade. All we have to do is to choose for trusted exchanges.