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Showing 13 of 13 results by eulaellison
I thought there would be an exchange that would return the merchant's assets if the exchange wallet was hacked,
There are. For example, when Binance was hacked for 7,000 BTC, they used their profits over the coming months to refund all the affected users so no one lost any money. However, there have been plenty of exchanges which have been hacked (or claimed they were hacked and more likely exit scammed) and not refunded their users anything - MtGox losing 850,000 BTC is the most famous example, but there have been plenty of others such as Quadriga, Cryptopia, and BitGrail.I am very surprised to hear the Binance Market can be hacked, I think the binance market is the market number 1 largest of the top 10 best crypto markets in coinmarketcap to be completely safe from hackers. apparently that's not true
Sir, if like this, is it true that the best and most popular markets do not guarantee the security of traders' assets stored in the crypto market
whether market profits are stored in different purses so that they can return a small amount of the assets of the trader
Depends on the exchange, and no two exchanges will have the exact same set up in terms of number or types of wallets or types of security. In general, most exchanges have one or more central hot wallets which customers deposit funds to, which consolidate all deposits together, and which pay out withdrawals. They will also have one or more cold wallets which will serve as longer term storage for the majority of their funds, and they will move funds between the hot and cold wallets as necessary.oh like that, now I understand, and I don't have any more questions about this, thank you very much, sir
First, if the crypto exchange stores the assets of the trader in a centralized storage, then the exchange must return the assets of the trader if one day the storage has hacked and stolen
There is absolutely no guarantee of this happening. Some of the larger exchanges which have been hacked in the past have indeed used some of their profits to reimbursed the affected customers or to absorb the losses, but there is absolutely nothing to say they "must" do this, and there are countless examples of exchanges being hacked and either shutting down/going bankrupt, or simply saying "tough luck" to their users. This is also only a consideration in the exchange themselves are hacked. If your account is hacked and your wallets cleared out, no exchange in existence will refund your money.apparently I was wrong, they were 100% unable to return the assets of the trader because all trader assets were stored centrally and if this storage was successfully hacked then all assets would be lost,
Hi sir, may I ask? whether market profits are stored in different purses so that they can return a small amount of the assets of the trader
secondly, a decentralized exchange, which stores assets in centralized storage, if the storage is hacked and stolen then the exchange will not return traders' assets, I will not store assets on an exchange like this
If they call themselves decentralized, but they hold your coins in their wallets with complete control over your private keys, then they are lying. That is not decentralized.There is no safe way to store your coins on an exchange. If you want your coins to be secure, you must withdraw them and hold them in your own wallet.
I understand what you mean,
but do you know...! about blocking crypto ads by social networks like Facebook and others that aim to protect users from fraud, and at that time I also saw many fake projects that raised funds and after that they disappeared.
but do you know...! about blocking crypto ads by social networks like Facebook and others that aim to protect users from fraud, and at that time I also saw many fake projects that raised funds and after that they disappeared.
Why?
Simply because of the topic mentioned at the beginning of this article: exchanges can be hacked and you can lose all your funds. Thing is the majority of exchanges have a centralised custody system, meaning that you don't own your exchange's wallet private keys. And what happened if you don't own your keys...? Exactly.
To summarize, be sure you keep your funds safe. Whether it's on your private wallet, or trading in the new generation exchanges that have a transparent custody system, meaning that only you can access your funds and they will be safe in case there's a hack to the exchange.
Tell me: What's your strategy to secure your funds?
I have 2 choices when storing assets on an exchangeSimply because of the topic mentioned at the beginning of this article: exchanges can be hacked and you can lose all your funds. Thing is the majority of exchanges have a centralised custody system, meaning that you don't own your exchange's wallet private keys. And what happened if you don't own your keys...? Exactly.
To summarize, be sure you keep your funds safe. Whether it's on your private wallet, or trading in the new generation exchanges that have a transparent custody system, meaning that only you can access your funds and they will be safe in case there's a hack to the exchange.
Tell me: What's your strategy to secure your funds?
1) First, if the crypto exchange stores the assets of the trader in a centralized storage, then the exchange must return the assets of the trader if one day the storage has hacked and stolen,
of course exchanges like this have a clear team and have certificates from neraga
2) secondly, a decentralized exchange, which stores assets in centralized storage, if the storage is hacked and stolen then the exchange will not return traders' assets, I will not store assets on an exchange like this
Thanks to Trumps' Bitcoin has seen a major boost amid the dollar crisis. As of last week, Trump approves a $2 Trillion Covid-19 stimulus package that has seen an upturn, with assets climbing in anticipation of this historic economic aid package.
Here is What to expect from Bitcoins major boost: https://itsblockchain.com/bitcoin-has-seen-a-major-boost-amid-dollar-crisis/
What impact do you think the stimulus package will have on Bitcoin in the long term?
Covid19 has become world history,Here is What to expect from Bitcoins major boost: https://itsblockchain.com/bitcoin-has-seen-a-major-boost-amid-dollar-crisis/
What impact do you think the stimulus package will have on Bitcoin in the long term?
now many countries are experiencing an economic crisis because of this plague, and investors are moving money for dollars, I think investors are also moving money to bitcoin. I also think bitcoin will be stimulated in the long run
Maybe this indicator is just a coincidence,
Hey guys, bitcoin enthusiasts are always increasing because bitcoin is a decentralized digital currency, when you buy a cup of coffee, and pay it with 1Lot of shares, the coffee seller will refuse your payment
,
but if you pay for coffee with bitcoin, the coffee seller will receive your payment
Hey guys, bitcoin enthusiasts are always increasing because bitcoin is a decentralized digital currency, when you buy a cup of coffee, and pay it with 1Lot of shares, the coffee seller will refuse your payment
,but if you pay for coffee with bitcoin, the coffee seller will receive your payment
whether news from the media can affect asset prices in the market
I have heard suggestions from my friends, to see news about coins / tokens that I trade on the market to be able to predict coin prices / tokens on the market,