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MarkRoberts
Bronze Bitcoiner
Bronze Bitcoiner
Posts: 483
Joined: Wed Jan 13, 2021 10:19 am

Once I buy bitcoin, should I transfer it to a hard wallet immediately?

Tue Mar 30, 2021 9:08 am

move it once the amount on the exchange is significant.

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seashark
Posts: 9
Joined: Wed Mar 31, 2021 10:56 pm

Re: Once I buy bitcoin, should I transfer it to a hard wallet immediately?

Sun Apr 04, 2021 1:52 am

SCAM ALERTS!!! MyCryptoMixer uses a platform; http://mycryptomixer,com/

Under the guise of helping to conduct Bitcoin transactions anonymously . So as to not arouse suspicions They actually put out advertisements that are red flags if you look closely enough. They tell you that all details of the transactions are deleted right after mixing for anonymity but the truth is that it is deleted to erase proof of you transacting with them and the transactions you make on their platform only goes into their pockets. (Or wallets in this case)
They’ve hijacked someone’s Life savings which amounts to 13 Bitcoin!!!
Read here;

https://bitcointalk,org/index.php?topic=5319713.0
https://www.reddit,com/r/Bitcoin/comments/lwerj8/user_loses_13_btc650k_to_mycryptomixercom/

DO NOT BE PENNY WISE AND POUND FOOLISH

CryptoStar19
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 98
Joined: Fri Jun 11, 2021 3:47 pm

Re: Once I buy bitcoin, should I transfer it to a hard wallet immediately?

Thu Jun 17, 2021 4:58 pm

Bitcoin sitting on an exchange wallet is definitely not as safe as cold storage (storage that is not connected to the internet). We have definitely has even reputable exchanges get hacked in the past. The safe practice would be to keep bitcoin on an exchange wallet only when trading and to keep any bitcoin long-term holdings in any reputable hardware cold storage options (Trezor, Nano Ledger, ColdCard, etc.).

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CryptoWalletSupport
Posts: 2
Joined: Fri Jun 18, 2021 1:01 pm

Re: Once I buy bitcoin, should I transfer it to a hard wallet immediately?

Fri Jun 18, 2021 1:06 pm

One of the most user friendly exchanges is called “Coinbase” where you can get 10$ of free Bitcoin using my invitation link. ... So it's definitely safer to move your Bitcoin to an hard wallet that gives you full control on your private keys while keeping them away from hackers.

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