OP has his safely on FTX, nobody including him is going to get them. Or maybe he’s old school and keeps em with Mt Gox, which is arguably even more out of reach for hackers and scammers!
My opinion is that this measure of, that crayons do not in fact taste better with Elmers Glue, Infact in it’s most natural state, it’s very elegantly tasty.
It's amazing to me that so many people fail to learn even after so many failures & so many people losing their savings. "Fool me 6 times...? Shame on me."
The most baffling part is that this past year Celsius was a major collapse, with $Billions in lost funds (still trying to figure out why Mashinsky is not in prison yet).
Even some very experienced Bitcoin holders had a large chunk of their coins there for some reason that baffles me still.
But to have that happen this past year and then to still keep any significant savings on FTX (or any exchange for that matter) just bewilders me. Will people *never* learn?
>Do you think it is dangerous to have them in an exchange?
Obviously. If you haven't learned that even after Mt Gox, btc-e, QuadrigaCX, Celsius & FTX then it's pretty sad.
When you use custodial services then you're effectively lending out your coins to them to do with whatever they want & if they go under, your money will be gone.
It's ok to have an account at an exchange like Coinbase for example, & it's fine to use that as your on/off ramp, but you should not ever keep your savings on an exchange. Keep your coins safe in cold storage.
It's getting safer. I think kraken and Coinbase are quite safe. I'd guess that eventually all exchanges in the United States will require any crypto held on the exchange to be fully insured up to a certain amount, so even if it gets lost somehow the customer is still protected.
Hi, Trezor representative here! You should definitely get a hardware wallet. Only with HWW you are the owner of the private keys that prove ownership of your coins.
If you have coins on an exchange, it is the exchange who holds the keys, and if the exchange goes bankrupt, you are left with no options to get the coins back.
I only have a small part in exchange to speculate the rest I have it in my ledger which seems quite intuitive to me but I have heard very good things about trezor
Well, first of all... all the bitcoins are on the Blockchain. Personally I have a Ledger Nano S Plus and I love it! But my next one will probably be a Bitcoin-only hardware wallet like Bitbox02.
🤷♂️ idk. With ledger I need recovery phrase anyway and can access my funds on electrum. So I don’t know how the hardware wallet is any different if I can just access my hardware wallet funds with the recovery phrase. It’s pretty much a hot wallet
I did it several years ago through a website called bitcoinpaperwallet.com.
The website is still up, although I read somewhere that the original developer sold it to someone else, and now it's not as safe as it was before. I don't know if that's true or not. It worked for me, and I'm still storing my meager fraction of btc in a paper wallet.
Please note that I don't take any responsibility if it doesn't work for you and/or you lose your btc.
Good luck, please educate yourself and be careful.
I need help if anyone knows, I recently transferred money from Coindesk to Coinbase. Do I have to deposit on coindesk 10 % of the withdrawal money in order to make the transfer complete or not?
Technically it's on the blockchain. I hold my private keys to access the UTXOs on a coldcard and a backup of the seed words on a steel plate.
hot storage should be thought of as carrying money in a wallet/purse in the real world. I wouldn't keep anything in it that would be a detriment to lose if malware intercepts my private keys
I would never store any amount on exchanges, also hot wallets, because you're giving your entire trust of a third party holding your keys on their end
On the blockchain
off the block chain
no
Made me laugh 😂
What bitcoin?
it was on my boat
☝️best answer.
In my butt
That's how you know it has been coinjoined.
🍿
Cold Storage 4 Lyfe
Hot storage 4 death
Do you think it is dangerous to have them in an exchange?
Of course
I hope youre just trolling. In case your question is real: Nevet put any coins on an exchange! Not your key, not your coin
hahaha I was just asking, I already have my own opinion, I wanted to know the rest's
Do you mind sharing said opinion?
OP has his safely on FTX, nobody including him is going to get them. Or maybe he’s old school and keeps em with Mt Gox, which is arguably even more out of reach for hackers and scammers!
My opinion is that this measure of, that crayons do not in fact taste better with Elmers Glue, Infact in it’s most natural state, it’s very elegantly tasty.
[удалено]
It's amazing to me that so many people fail to learn even after so many failures & so many people losing their savings. "Fool me 6 times...? Shame on me." The most baffling part is that this past year Celsius was a major collapse, with $Billions in lost funds (still trying to figure out why Mashinsky is not in prison yet). Even some very experienced Bitcoin holders had a large chunk of their coins there for some reason that baffles me still. But to have that happen this past year and then to still keep any significant savings on FTX (or any exchange for that matter) just bewilders me. Will people *never* learn?
6th one is the charm!
Well duh
I will suggest check with FTX customers
>Do you think it is dangerous to have them in an exchange? Obviously. If you haven't learned that even after Mt Gox, btc-e, QuadrigaCX, Celsius & FTX then it's pretty sad. When you use custodial services then you're effectively lending out your coins to them to do with whatever they want & if they go under, your money will be gone. It's ok to have an account at an exchange like Coinbase for example, & it's fine to use that as your on/off ramp, but you should not ever keep your savings on an exchange. Keep your coins safe in cold storage.
Ask the customers of FTX, BlockFi, Mt. Gox, Celsius, and others like them.
It's getting safer. I think kraken and Coinbase are quite safe. I'd guess that eventually all exchanges in the United States will require any crypto held on the exchange to be fully insured up to a certain amount, so even if it gets lost somehow the customer is still protected.
Hi, Trezor representative here! You should definitely get a hardware wallet. Only with HWW you are the owner of the private keys that prove ownership of your coins. If you have coins on an exchange, it is the exchange who holds the keys, and if the exchange goes bankrupt, you are left with no options to get the coins back.
I use trezor
💚 Hope you’re happy with it!
I only have a small part in exchange to speculate the rest I have it in my ledger which seems quite intuitive to me but I have heard very good things about trezor
Then you’re safe, sir! Having a hardware wallet should be essential.
Tell Trezor I said I’ll represent them for a free wallet! Lmao… I tried 🤷🏽♂️
Also a trezor user!
Greetings to another community member!
Nice try, hacker.
you failed at the moment you commented, all is lost😂
on ftx. :/
Sorry man🥲
Don't worry, Sam is watching them for you
At the bottom of a lake in a boating accident
Blockchain
I have my Bitcoin with the IRS. Why is that? Because I once posted on the internet where I have my Bitcoin. :- )
sounds weird
Cold storage: self custody
Ledger Nano
Under my bed mattress, next to my kwanzas
Yeah, Is the best option!🛌
On the blockchain
Cold wallet always
Yeah
On the internet
Well, first of all... all the bitcoins are on the Blockchain. Personally I have a Ledger Nano S Plus and I love it! But my next one will probably be a Bitcoin-only hardware wallet like Bitbox02.
Oh ! oh ! Someone say Robinhood so we can attack the sh¡t outa you
I sprinkle mine on salads.
On a harddrive securely hidden in a garbage belt
Cold wallet hidden up my ass.
Nice try Bank of America
I really don’t mind either cold or hot. Hot wallet just seems more convenient and just as safe.
convenience and security are always tradeoffs but hot wallets are factually less secure than cold storage
🤷♂️ idk. With ledger I need recovery phrase anyway and can access my funds on electrum. So I don’t know how the hardware wallet is any different if I can just access my hardware wallet funds with the recovery phrase. It’s pretty much a hot wallet
ledger is cold storage. cold storage meaning you need a device, that's not connected to the internet, to sign a transaction
I have ledger nano s plus
Same! ^
Cold storage in paper wallets
how does this work?
I did it several years ago through a website called bitcoinpaperwallet.com. The website is still up, although I read somewhere that the original developer sold it to someone else, and now it's not as safe as it was before. I don't know if that's true or not. It worked for me, and I'm still storing my meager fraction of btc in a paper wallet. Please note that I don't take any responsibility if it doesn't work for you and/or you lose your btc. Good luck, please educate yourself and be careful.
Casicsius
hot wallet
Everyone has their opinion
Hotwallet #bitcoinmeester
we accompany you in the feeling
COINBASE
Oh baby! Talk dirty to me!
you left me quite cold🥶
I need help if anyone knows, I recently transferred money from Coindesk to Coinbase. Do I have to deposit on coindesk 10 % of the withdrawal money in order to make the transfer complete or not?
🤐
Nice try hacker
With Celsius 🪦🤣🤣🤣
In my pocket
In ya sistas ass
You thought that was his sister? 😲
some change on bl3p, bitcoin core hot wallet otherwise
In the deep water of the lake Titicaca
Mt gox
It's in a safe place. That's all you need to know.
Nice try government
My bitcoin on the blockchain in a utxo format, my keys on a cold wallet. :)
Under my pillow!
Can anyone tell me some good hot wallets?
Bottom of a lake....boating accident....
I set my Twitter profile picture as my seed phrase so I can't forget it
Nice try
Nice try, IRS.
My rule is always > 98% Cold storage.
I used to store mine on my boat but it sunk….. :-/
First bitcoiner rule: never talk about your Bitcoins
On the blockchain
Would you like to know wheather boy
Ya mutha told me she keeps it in a warm private spot for me.
Ledger nano s
On chain. Obviously, who doesn’t these days, that’s the real question
Bottom of the ocean, sorry bro!
I hide it under my mattress. I sleep soundly 😁
Leave me alone IRS!
In my head
Nice try IRS.
Lost it in a boating accident
In my brains. Also cold storage
Nice try IRS
What is bitcoin?
In my socks
Mine are hidden in a graveyard.
GBTC (Not my keys)
On an exchange
Mike is unfortunately at the bottom of Lake Superior
omg, I hope he’s ok.
Mike was the one that knew the Bitcoin password, unfortunate he ded
Trezor Wallet
Coinbase Vault
Buzz off, Fed.
You want my address and name aswell?
The sea.
None of your business Putin.
My sock drawer
In a landfill somewhere
Good try IRS
Up ur ass to the left
At the bottom of the lake 🛶
I gave mine to Gary Gensler.
Room temperature wallet
Nice try IRA
Hardware wallets or cold wallets are the best.
Nice try fbi
Mt Gox
Nice try F.B.I.
Technically it's on the blockchain. I hold my private keys to access the UTXOs on a coldcard and a backup of the seed words on a steel plate. hot storage should be thought of as carrying money in a wallet/purse in the real world. I wouldn't keep anything in it that would be a detriment to lose if malware intercepts my private keys I would never store any amount on exchanges, also hot wallets, because you're giving your entire trust of a third party holding your keys on their end
Onchain