Quote from: AztecGoldHero on June 16, 2017, 07:14:48 PM

Quote from: dexycoin on June 16, 2017, 06:54:59 PM

People often say exchange are risky because one does not have access to his private keys and other secrets stuff.
My Question is why are this keys safe? What if the wallet I have my Bitcoin in dissappears or goes out of business what will I do with the keys??

when you lose your password or when you format your pc. you can access your wallet wıth you prıvate key. ım doıng ıt rıght now wıth nav coın wallet

ı formatted my pc.

also ıf exchange sıte says we closed. you can say bye bye to your coıns. and they are doıng thıs. they say we hacked say bye bye to your coıns. or they just close the sıte. same shıt.you should keep mınımum coıns ın sıtes.

In addition you must have have a backup of your private key and save them in a safest place so that if something bad happened with your wallet or your pc you still have access to your coins and don't forget to encrypt them, saving them without encrypting it's kind of like giving someone access to your coins. Well i think it's very clear the reason why do people not use exchanger for storing their bitcoin.