You thought your billion in a cold wallet was safe...

Discussion in 'Crypto Assets' started by Pekelo, Feb 21, 2025.

  1. Tokenz

    Tokenz

    Sounds good, do whatever you think is best.

    I personally like the freedom, the perks, the profit, and everything else that I'm doing from being my own bank. Wouldn't trade it for the world...
     
    #41     Feb 25, 2025
    johnarb likes this.
  2. traderjo

    traderjo

    The crypto industry is still in its infancy -- especially when it comes to their technology, Are you serious? the entire thing is based on technology!
     
    #42     Feb 25, 2025
  3. traderjo

    traderjo

    Agree it is a wild wild west but the Crypto Cult members won;t accept it on any count, they think it is the best thing that has happened since sliced bread
     
    #43     Feb 25, 2025
  4. traderjo

    traderjo

    and everything else.. does that include taking the risk of the entire exchange being hacked and loosing your "assets"
     
    #44     Feb 25, 2025
  5. gwb-trading

    gwb-trading

    Let's read the entire sentence - "The crypto industry is still in its infancy -- especially when it comes to their technology, governance and security."

    The context of the discussion is the use of technology and governance in regards to security in the crypto exchanges. Effectively the crypto industry is still in its infancy and far behind the security practices of mainstream financial institutions.
     
    #45     Feb 25, 2025
  6. maxinger

    maxinger

    On the other hand ....

    Humans and AI are still in its infancy.

    They will soon destroy the crypto industries and that will be the
    mother-of-all-mega-tulip-mania.
     
    #46     Feb 25, 2025
  7. Tokenz

    Tokenz

    Nope, there is no chance of that happening the way I do it
     
    #47     Feb 25, 2025
  8. traderjo

    traderjo

    If your asset was with this exchange or FTX , how could you save yourself?
     
    #48     Feb 25, 2025
  9. johnarb

    johnarb

    Coinbase, Gemini, Kraken, Robinhood and Binance are good crypto exchanges, no hacks for years that I know of
     
    #49     Feb 26, 2025
    Tokenz likes this.
  10. NoahA

    NoahA

    I would absolutely remove Coinbase off your list. I see dozens of reports of people being locked out of their accounts, and also lots of people having trouble with withdrawing. I'm not saying Coinbase doesn't have the coins, but just that there are major issues. Perhaps the verification is very stringent, which is a good thing, but if this holds up your withdrawal request, it can get worrisome.

    Robinhood of course has also had many issues over the years. But I never hear bad things about Kraken to be honest.

    Anyway, I'm by no means an expert and have no experience with any of these firms, but just passing along what I've seen posted on X.
     
    #50     Feb 26, 2025
    Tokenz and johnarb like this.