Don’t forget to do your part on Jan 3 in making these exchanges prove to us they are solvent and actually have the Cryptocurrency that they say they do.
We know for an absolute FACT that the exchanges trade much more Cryptocurrency and specifically Bitcoin than what they actually have. This is simply called fractional reserve banking and it’s the exact same trick bankers and wealthy elite have used for thousands of years. If you want true freedom of money and think Cryptocurrency has a chance to be the future please make sure you do your small little part and request withdrawal of all your cryptos to private wallets where you and only you hold the private keys. If you do nothing........you should expect and understand that you deserve the corruption and manipulation when it eventually comes.
Please remember that of you can’t afford a hardware wallet it’s ok. Setting up a free secure wallet at Bitshares and Cryptobridge is fast and easy. It is very safe to store your crypto in decentralized exchanges and extremely reckless to store them in centralized exchanges with capital controls.
Call me old school but I keep minimum on exchanges to begin with today. No participation from me because I did so in the past and present.
No replacing good habits. :)
Thanks for sharing the insights on this valuable topic didn't have much knowledge about it earlier
I think steem is save and best platform. And also trusted platform. In pakistan mostly peoples save his money in banks. Thanks for sharing your review. @Sir.
This is the first I've heard about Proof of keys... Definitely gonna have to look into it more!
Thank you for the reminder Sir @broncnutz but I think not much people will withdraw their funds and if the exchanges are really insolvent they will freeze the withdrawals.
This is another event that is interesting as it might spike up the prices.
cryptobridge and bitshares, it turns out that it keeps something good for our wallet as a bitcoin store, this is good information in my opinion, thank you
I think Steem is save alreàdy, do we have to keep steem to or can leave it here in our wallet sir?
Having the steem here on the platform is the best place to keep it.
Love the idea and I already store all bitcoins as well as alt coins in private wallets. The only time anyone should not protect their crypto assets in a private wallet is if they need to get them to an exchange to conduct business. My suggestion would to store in a Trezor device, Bitshares wallet, and the Exodus wallet.
Thanks for pushing this extremely important topic. I do believe that this is the very reason why many of us got involved with crypto in the first place.
Take out all the thieving middlemen that take a little bite out of OUR pie every time we need to put fiat into use.
I will continue to learn about using bitshares, thank you
Im using livecoin exchange and save some coins there thank you so much for this important informations everybody should be carful
Es necesario siempre tener esa precaución. Ya queda de parte de cada quien manejarlo como bien le parezca. Muchas gracias por la información! Saludos Bro.
What about Binance wallet?
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It’s not decentralized....do you have the encrypted private keys???? No, you only have a user name and password. Binance technically owns YOUR cryptos.
Umm that's pretty much true.
But what if one uses any other source of wallet, what's the guarantee that your cryptos ain't at stack from them too?
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if you use open source wallets, you dont run this risk. You open a free acct at Bitshares which is its own blockchain. Transfer cryptos either there or cryptobridge.....your login in info is good for both exchanges. YOU hold the private key and only you. Your password is your private key. Cryptobridge is a de centralized exchange built on the bitshares blockchain.
Okay cool, thanks for sharing :)
anyone knows another great exchange app like kucoin which good stuff often and is easy to use?
i think poloneix and binance is a better exchange. may be
kind of a wash out, wasn't it ??