IS IT ADVICEABLE TO KEEP YOUR BITCOIN WITHA EXCHANGES?

in #wallet8 years ago

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When most people start to get excited about Bitcoin there tends to be a list of frequently asked questions that they go through immediately. How do I buy it? Who accepts it? What can I buy with it? Is gambling with bitcoin legal? Where can I store it? How do I protect it?

Security is always one of the obvious concerns that first time bitcoin traders have. With physical money, the question of security has a pretty natural answer but when you are talking about digital currencies it’s just not as simple as keeping it hidden away under lock and key.
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There are hackers out there that come up with new and innovative ways to steal bitcoin every day and it’s up to the individual to understand how to keep their cryptocurrencies secure. At this point a new batch of questions emerge. Where are the safest bitcoin exchanges? What’s the safest way to store my bitcoin? Are bitcoin exchanges safe places to store my bitcoins?

Major cryptocurrency exchanges are relatively secure ways to store your Bitcoin but it’s typically not advised for larger amounts. The major exchanges are essentially big money targets for hackers who are constantly developing new ways to steal bitcoin from people.

personal to me i have change to exodus i think its fair t control your coin with them even in cade your computer crack you can restore you coin back simple with your 12 secret phrase

then of stealing bitcoin is becoming abnormal if some is not smart you can loose your entire earning .

read more from source https://themerkle.com/are-exchanges-safe-places-to-keep-bitcoins/

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