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Cryptocurrency Discussions
Cryptocurrency?
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<blockquote data-quote="LoLs" data-source="post: 796235" data-attributes="member: 57811"><p>Cryptocurrency is secure depend on how you use it. From that article. the one who lost assets is the cryptocurrency exchanger. And that make them owe the lost of assets to their customer.</p><p></p><p>Before deciding it is safe or not and vote, you should understand the very basic first.</p><p></p><p>* Private key It's the secret key that gives you access to spend your Bitcoin, move your Bitcoin, as well as <strong>prove</strong> you actually own it. You should never shows or share private key to anyone!</p><p></p><p><em>"The private key must remain secret at all times because revealing it to third parties is equivalent to giving them control over the bitcoins secured by that key. The private key must also be backed up and protected from accidental loss, because if it’s lost it cannot be recovered and the funds secured by it are forever lost, too.” </em></p><p></p><p>more detail about security principles, visit this <a href="https://www.binance.vision/security/general-security-principles" target="_blank">article</a></p><p></p><p>* A cryptocurrency <strong>exchanger</strong> or a digital currency<strong>exchange</strong> (DCE) is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies.</p><p></p><p></p><p>Should you store your asset/cryptocurrency on Exchanger? <span style="color: rgb(235, 107, 86)">NO</span>.</p><p>Exchanger is for trading,.. send your asset there to trade, and after all done, withdrawal it to your own wallet where only you can have the access (private key)</p><p></p><p><strong><span style="color: rgb(26, 188, 156)">If you don't hold the private key, is not your Bitcoin. </span></strong></p><p></p><p><strong>If the question it is secure or not, for me yes it's secure. But if we talking about SAFE in term of value, check this chart. You can be billionaire like <a href="https://www.cnbc.com/2017/12/04/winklevoss-twins-may-have-become-first-bitcoin-billionaires.html" target="_blank">these</a>, or may lost everything if Bitcoin lost it's value. </strong></p><p></p><p><img src="https://i.imgur.com/ZSiB2bK.png" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p></blockquote><p></p>
[QUOTE="LoLs, post: 796235, member: 57811"] Cryptocurrency is secure depend on how you use it. From that article. the one who lost assets is the cryptocurrency exchanger. And that make them owe the lost of assets to their customer. Before deciding it is safe or not and vote, you should understand the very basic first. * Private key It's the secret key that gives you access to spend your Bitcoin, move your Bitcoin, as well as [B]prove[/B] you actually own it. You should never shows or share private key to anyone! [I]"The private key must remain secret at all times because revealing it to third parties is equivalent to giving them control over the bitcoins secured by that key. The private key must also be backed up and protected from accidental loss, because if it’s lost it cannot be recovered and the funds secured by it are forever lost, too.” [/I] more detail about security principles, visit this [URL='https://www.binance.vision/security/general-security-principles']article[/URL] * A cryptocurrency [B]exchanger[/B] or a digital currency[B]exchange[/B] (DCE) is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. Should you store your asset/cryptocurrency on Exchanger? [COLOR=rgb(235, 107, 86)]NO[/COLOR]. Exchanger is for trading,.. send your asset there to trade, and after all done, withdrawal it to your own wallet where only you can have the access (private key) [B][COLOR=rgb(26, 188, 156)]If you don't hold the private key, is not your Bitcoin. [/COLOR][/B] [B]If the question it is secure or not, for me yes it's secure. But if we talking about SAFE in term of value, check this chart. You can be billionaire like [URL='https://www.cnbc.com/2017/12/04/winklevoss-twins-may-have-become-first-bitcoin-billionaires.html']these[/URL], or may lost everything if Bitcoin lost it's value. [/B] [IMG]https://i.imgur.com/ZSiB2bK.png[/IMG] [/QUOTE]
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