Rip

rip

rip in peace whale

I dont keep my coins on exchanges for this reason
I don't trust a single one of them, I trade and then I get out

i chose mercatox over bitgrail because the bitgrail owner was clearly a real shitbag
and even then i got my shit off of there as fast as I could.
i feel a little safer on bigger exchanges as they have a lot more people to answer to if something goes wrong.

like mtgox?

>I wanted to accumulate more by daytrading on a shit platform where I held ALL of my fucking assets
He deserved it. He really fucking did.

he couldnt cash out

So having my stuff on MEW is alot safer than keeping it on binance? MEW is less likely to somehow phise my private key?

good, if you keep your funds on an exchange you deserve to lose everything

make an offline version of their wallet, you can do it on their website.
Then you never have to worry about their site getting hacked.

if you're super paranoid you can generate a key locally with a desktop wallet

This
No actual trader would do something this retarded, none.

I know but there's people who say stuff like 'exchanges are safe bro'

most people aren't going to get fucked by withdrawal limits

How is a nano ledger S different from a simple USB stick?

kucoin is pretty nice for this, at least for now.
the withdrawal limits are insanely high.
so you can keep your coins offline until you want to dump

You can retroactively lock in prices with a nano ledger

Airgapped storage space, recoverable seed for your crypto. Also pricelock, it's not a meme

na but seriously, what the fk should i use to store erc20 tokens?

an ethereum wallet you control the private keys to, you dolt

biggest thing is the physical confirmation (having to press a button on the ledger) for every transaction, meaning even if you plugged your Ledger Nano S into a computer filled with viruses, trojans, rootkits, whatever, you could still make your crypto trades without risk.

Obviously the big risk is if the manufacturers of the Ledger Nano S have all the seed keys and will eventually steal peoples accounts, but so far there's no signs of that, and they presumably make so much money in profit off actually selling their products that it probably wouldn't be a good move for them to do anything dishonest anytime soon anyway.

>Have millions of dollars
>Put it on some shit tier no name exchange
I'm guilty of this to some degree myself but only in the 10s of thousands range. I guess greed can make people do crazy things...

WASU WASU WASU WASSUP