Posted: Feb 17, 2019 2:57 am
by jamest
Hermit wrote:Meanwhile you might want to check just how safely your bitcoins are stored. In 2014 Mt. Gox, which handled over 70% of global bitcoin transactions filed for bankruptcy after it lost 850,000 of its customers' bitcoins somehow. It wasn't the only oops. Here is a list of other major bitcoin disappearances.

Minor ones are legion, but costs run easily into eight digit territory every year. The favourite method is to encrypt your already encrypted wallet, then ask for a small ransom to decrypt it for you. The 'wanna cry' virus made many people cry for that reason.

Yep, if you buy crypto always choose the 'hard wallet' option. Never have an online wallet. I purchased a ledger nano S, but you can actually generate a paper wallet for free.

If anyone here is considering buying, I know how to purchase bitcoin whilst legitimately avoiding Coinbase fees. Give me the nod and I'll send you a pm.