PUT YOUR BTC IN YOUR OWN WALLETS! before oct 25steemCreated with Sketch.

in #bitcoin7 years ago

Shouldn't have to say this to the STEEMIT community, but just so people don't have any issues besides a transaction fee PUT YOUR BTC IN A NON-EXCHANGE WALLET. I have read 5 articles this morning about exchange's feelings on BTG after the fork, and I have also read multiple things about replay attacks (some say there is protection etc) and other not so good things happening.
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During major forks like this, eat the txn fee and put your damn coins in a wallet off the exchange, one that you own the private keys to. I would suggest Coinomi (android) and jaxx (apple/android) I am not super vested in multi-coin PC wallets, I would recommend using the phone ones so when the universe goes back to normal you can use the QR code function and send it back to the thieves... i mean exchanges.
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Anyways, Public service announcement over... I will have 0 sympathy for those who decide to keep their BTC on an exchange during the fork.

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I agree that you should get your BTC off the exchanges but to recommend putting them on a phone seems crazy to me. I do not keep anything to do with crypto on my phone as they are easily hacked. Something like a Ledger hardware wallet is the way to go.

Very true. I have fingerprint security and another password on my coinomi right now and use a VPN on my phone. Even still, the security on the phone is much stronger than an exchange.

Also, does not have to be a phone, could be a desktop or laptop that does not connect to internet.

I like hardware wallets, they're more secure :)

Exactly. But for the general public I'm at least trying to give them a smaller security upgrade than exchanges. I honestly recommend people research wallets and understand them before jumping in... But anything is better than an exchange.

Great advice - thank you my