Official forum for Utopia Community
You are not logged in.
crpuusd;11805 wrote:KingCRP;11752 wrote:There was a time binance went on a rampage and where freezing the asset of people especially in third world countries without a very tangible reason, this are the reasons why leaving your funds in an exchange is very risky.
That was a high level panic on the users. Its take alot of fund and its won't be good if someone falls a victim of that, so kindly learn.
Leaving your coin on crypton exchange is a risk and also playing in the hands of crypto recovery teams is as well a risk and not partaking in the ongoing airdrops it also a risk.
You are funny, it actually not good to miss out the overwhelming benefits creates by the ecosystem
Online
Europ;11827 wrote:crpuusd;11805 wrote:That was a high level panic on the users. Its take alot of fund and its won't be good if someone falls a victim of that, so kindly learn.
Leaving your coin on crypton exchange is a risk and also playing in the hands of crypto recovery teams is as well a risk and not partaking in the ongoing airdrops it also a risk.
You are funny, it actually not good to miss out the overwhelming benefits creates by the ecosystem
This kind of good and i must say its well okay that if we received the advice and get use to it then we can still be here to keeps up bring help to the table.
Offline
Europ;11827 wrote:crpuusd;11805 wrote:That was a high level panic on the users. Its take alot of fund and its won't be good if someone falls a victim of that, so kindly learn.
Leaving your coin on crypton exchange is a risk and also playing in the hands of crypto recovery teams is as well a risk and not partaking in the ongoing airdrops it also a risk.
You are funny, it actually not good to miss out the overwhelming benefits creates by the ecosystem
First, not all centralized exchanges are bad and there are some centralized exchanges that are worth trusting and for the record, Crypton Exchange is one.
Offline
I agree with you mate, it’s just that when upto two centralized exchanges are said to be bad. We assume it concerns all centralized exchanges. The Crypton exchange remains the exchange I highly recommend, it’s user friendly decentralized, and protects users privacy
Offline
Comrade;11875 wrote:Europ;11827 wrote:Leaving your coin on crypton exchange is a risk and also playing in the hands of crypto recovery teams is as well a risk and not partaking in the ongoing airdrops it also a risk.
You are funny, it actually not good to miss out the overwhelming benefits creates by the ecosystem
First, not all centralized exchanges are bad and there are some centralized exchanges that are worth trusting and for the record, Crypton Exchange is one.
No doubt about that. Utopia p2p ecosystem is one of the most reliable and trusted decentralized platform ever.
Online
First, not all centralized exchanges are bad and there are some centralized exchanges that are worth trusting and for the record, Crypton Exchange is one.
Crypton exchange is not centralized but decentralized.
Also no one says centralized exchanges are bad per se, but you should not trust an exchange with your funds cause that gives them full control of your funds, best to use an exchange that allows you have control.
Offline
Exchanges are enticing hacker targets because they have billions of dollars worth of cryptocurrency. Quite frequently it's much more profitable to hack a crypto exchange than a bank vault.
Offline
The biggest risk on leaving your funds on an exchange is that those coin left there would or maybe affect if there happens to be an attack on the exchange.
Offline
<p>Exchanges are enticing hacker targets because they have billions of dollars worth of cryptocurrency. Quite frequently it's much more profitable to hack a crypto exchange than a bank vault.</p>
Yeah, very true. That's why as a result of that, exchanges are incredibly prone to experiencing highly sophisticated cyber attacks. Many hackers are targeting them.
Offline
With large sums at stake, cryptocurrency hacks, schemes, and elaborate attacks are unlikely to go away.The best and most reliable platforms are open about the level of security they provide and give you a plethora of tools to secure your account.
Offline
With large sums at stake, cryptocurrency hacks, schemes, and elaborate attacks are unlikely to go away.The best and most reliable platforms are open about the level of security they provide and give you a plethora of tools to secure your account.
Scams are not going anywhere, they are only going to get more advanced as people get used to their regular strategies. The only scams would stop in the crypto world is if its value goes to zero.
The best platforms allow you handle your security by being non custodial and do not store your personal data on servers.
Offline
Camavinga;11971 wrote:With large sums at stake, cryptocurrency hacks, schemes, and elaborate attacks are unlikely to go away.The best and most reliable platforms are open about the level of security they provide and give you a plethora of tools to secure your account.
Scams are not going anywhere, they are only going to get more advanced as people get used to their regular strategies. The only scams would stop in the crypto world is if its value goes to zero.
The best platforms allow you handle your security by being non custodial and do not store your personal data on servers.
Speaking of this cryptocurrency is well-known with fast rising value. And it going to be a very long way of competition
Offline
Comrade;11875 wrote:Europ;11827 wrote:Leaving your coin on crypton exchange is a risk and also playing in the hands of crypto recovery teams is as well a risk and not partaking in the ongoing airdrops it also a risk.
You are funny, it actually not good to miss out the overwhelming benefits creates by the ecosystem
This kind of good and i must say its well okay that if we received the advice and get use to it then we can still be here to keeps up bring help to the table.
Yes, it is good to follow the advice of not saving cryptocurrency on a centralized exchange as you said but for some reason, it is good to have cryptocurrency on a centralized exchange.
Offline
crpuusd;11878 wrote:Comrade;11875 wrote:You are funny, it actually not good to miss out the overwhelming benefits creates by the ecosystem
This kind of good and i must say its well okay that if we received the advice and get use to it then we can still be here to keeps up bring help to the table.
Yes, it is good to follow the advice of not saving cryptocurrency on a centralized exchange as you said but for some reason, it is good to have cryptocurrency on a centralized exchange.
It is not good to leave funds on centralized exchange as you guys said but you're missing the real concept and the fact about it because the use of centralized exchange as storage is what is not good.
Offline
level;12027 wrote:crpuusd;11878 wrote:This kind of good and i must say its well okay that if we received the advice and get use to it then we can still be here to keeps up bring help to the table.
Yes, it is good to follow the advice of not saving cryptocurrency on a centralized exchange as you said but for some reason, it is good to have cryptocurrency on a centralized exchange.
It is not good to leave funds on centralized exchange as you guys said but you're missing the real concept and the fact about it because the use of centralized exchange as storage is what is not good.
That's where the idea of the cryptocurrency slogan came from "Not Your Keys, Not Your Cryptocurrency".
Offline
IyaJJJ;12028 wrote:level;12027 wrote:Yes, it is good to follow the advice of not saving cryptocurrency on a centralized exchange as you said but for some reason, it is good to have cryptocurrency on a centralized exchange.
It is not good to leave funds on centralized exchange as you guys said but you're missing the real concept and the fact about it because the use of centralized exchange as storage is what is not good.
That's where the idea of the cryptocurrency slogan came from "Not Your Keys, Not Your Cryptocurrency".
Yes. The saying "Not your keys, not your crypto" is frequently used in the cryptocurrency community to emphasize how crucial it is to possess and secure one's private keys. It implies that you don't genuinely own the cryptocurrency if you don't possess the private keys to your crypto wallet.
Offline
thrive;12029 wrote:IyaJJJ;12028 wrote:It is not good to leave funds on centralized exchange as you guys said but you're missing the real concept and the fact about it because the use of centralized exchange as storage is what is not good.
That's where the idea of the cryptocurrency slogan came from "Not Your Keys, Not Your Cryptocurrency".
Yes. The saying "Not your keys, not your crypto" is frequently used in the cryptocurrency community to emphasize how crucial it is to possess and secure one's private keys. It implies that you don't genuinely own the cryptocurrency if you don't possess the private keys to your crypto wallet.
For the benefit of newbies in our midst. Private keys are used in the context of cryptocurrencies to access and approve transactions on the blockchain and should be kept safe as a result.
Offline
full;12031 wrote:thrive;12029 wrote:That's where the idea of the cryptocurrency slogan came from "Not Your Keys, Not Your Cryptocurrency".
Yes. The saying "Not your keys, not your crypto" is frequently used in the cryptocurrency community to emphasize how crucial it is to possess and secure one's private keys. It implies that you don't genuinely own the cryptocurrency if you don't possess the private keys to your crypto wallet.
For the benefit of newbies in our midst. Private keys are used in the context of cryptocurrencies to access and approve transactions on the blockchain and should be kept safe as a result.
The whole cryptocurrency inside a wallet can be controlled by someone else if they have access to the private keys, including the power to conduct transactions and move money without your consent.
Offline
joanna;12032 wrote:full;12031 wrote:Yes. The saying "Not your keys, not your crypto" is frequently used in the cryptocurrency community to emphasize how crucial it is to possess and secure one's private keys. It implies that you don't genuinely own the cryptocurrency if you don't possess the private keys to your crypto wallet.
For the benefit of newbies in our midst. Private keys are used in the context of cryptocurrencies to access and approve transactions on the blockchain and should be kept safe as a result.
The whole cryptocurrency inside a wallet can be controlled by someone else if they have access to the private keys, including the power to conduct transactions and move money without your consent.
Customers' private keys being kept by centralized cryptocurrency exchanges, which serve as their custodians is the reason people are advised not to use a centralized exchange as storage.
Offline
level;12033 wrote:joanna;12032 wrote:For the benefit of newbies in our midst. Private keys are used in the context of cryptocurrencies to access and approve transactions on the blockchain and should be kept safe as a result.
The whole cryptocurrency inside a wallet can be controlled by someone else if they have access to the private keys, including the power to conduct transactions and move money without your consent.
Customers' private keys being kept by centralized cryptocurrency exchanges, which serve as their custodians is the reason people are advised not to use a centralized exchange as storage.
Furthermore, some custody wallets might be hacked. As a result, these custody providers must implement their own security procedures to maintain the privacy of the private keys, which raises the possibility of the keys being stolen or compromised.
Offline
IyaJJJ;12034 wrote:level;12033 wrote:The whole cryptocurrency inside a wallet can be controlled by someone else if they have access to the private keys, including the power to conduct transactions and move money without your consent.
Customers' private keys being kept by centralized cryptocurrency exchanges, which serve as their custodians is the reason people are advised not to use a centralized exchange as storage.
Furthermore, some custody wallets might be hacked. As a result, these custody providers must implement their own security procedures to maintain the privacy of the private keys, which raises the possibility of the keys being stolen or compromised.
Therefore, Cryptocurrencies must be kept in a non-custodial wallet where the owner has complete control over their private keys in order to maintain the security and privacy of their digital assets, especially through uWallet where CRP coin will receive monthly passive income.
Offline
thrive;12035 wrote:IyaJJJ;12034 wrote:Customers' private keys being kept by centralized cryptocurrency exchanges, which serve as their custodians is the reason people are advised not to use a centralized exchange as storage.
Furthermore, some custody wallets might be hacked. As a result, these custody providers must implement their own security procedures to maintain the privacy of the private keys, which raises the possibility of the keys being stolen or compromised.
Therefore, Cryptocurrencies must be kept in a non-custodial wallet where the owner has complete control over their private keys in order to maintain the security and privacy of their digital assets, especially through uWallet where CRP coin will receive monthly passive income.
Meanwhile, non-custodial wallets come in a variety of forms, including hardware wallets, desktop wallets, mobile wallets, paper wallets, and more. Since each type has pros and downsides, the choice is ultimately up to the user and the user must avoid human error when using the wallet.
Offline
full;12036 wrote:thrive;12035 wrote:Furthermore, some custody wallets might be hacked. As a result, these custody providers must implement their own security procedures to maintain the privacy of the private keys, which raises the possibility of the keys being stolen or compromised.
Therefore, Cryptocurrencies must be kept in a non-custodial wallet where the owner has complete control over their private keys in order to maintain the security and privacy of their digital assets, especially through uWallet where CRP coin will receive monthly passive income.
Meanwhile, non-custodial wallets come in a variety of forms, including hardware wallets, desktop wallets, mobile wallets, paper wallets, and more. Since each type has pros and downsides, the choice is ultimately up to the user and the user must avoid human error when using the wallet.
In conclusion, the proverb "Not your keys, not your crypto" exhorts cryptocurrency owners to be accountable for protecting their digital assets.
Offline
joanna;12038 wrote:full;12036 wrote:Therefore, Cryptocurrencies must be kept in a non-custodial wallet where the owner has complete control over their private keys in order to maintain the security and privacy of their digital assets, especially through uWallet where CRP coin will receive monthly passive income.
Meanwhile, non-custodial wallets come in a variety of forms, including hardware wallets, desktop wallets, mobile wallets, paper wallets, and more. Since each type has pros and downsides, the choice is ultimately up to the user and the user must avoid human error when using the wallet.
In conclusion, the proverb "Not your keys, not your crypto" exhorts cryptocurrency owners to be accountable for protecting their digital assets.
Yes, owning and protecting one's private keys removes the possibility of a third-party central authority being compromised, which could result in complete loss.
Offline
thrive;12035 wrote:IyaJJJ;12034 wrote:Customers' private keys being kept by centralized cryptocurrency exchanges, which serve as their custodians is the reason people are advised not to use a centralized exchange as storage.
Furthermore, some custody wallets might be hacked. As a result, these custody providers must implement their own security procedures to maintain the privacy of the private keys, which raises the possibility of the keys being stolen or compromised.
Therefore, Cryptocurrencies must be kept in a non-custodial wallet where the owner has complete control over their private keys in order to maintain the security and privacy of their digital assets, especially through uWallet where CRP coin will receive monthly passive income.
Exactly, its well acknowledgeable to make a choice of such a secured mainframe platform. A centralized web-base wallet are always been target for vulnerability.
Offline