Post
Topic
Board Trading Discussion
Re: Poll : do you trust an exchange to hold your bitcoins ?
by
Zer0Sum
on 11/07/2014, 02:05:14 UTC
What I personally do : I own about 30 btc, and I let them sit on Kraken.
I keep them there for several reasons :

- I dont trust myself to keep a paper wallet safe for a long time.
- I mostly trust Kraken, in particular because they have automated audits.
- I want to be ready to sell quickly in case of a huge crash.

Just wow... you are gonna get a BIG lesson in counter-party risk someday.