Just make sure your coins are not stored on exchanges

in crypto •  7 years ago 

I read this article on CoinDesk today. I have a good friend who always preaches not not leave your coins on ANY exchange. I don't know a lot of people in Crytpto, but the ones that I do know use a Trezor and love it.

The article says that a guy was on vacation in Cuba and he logged into Coinbase.com to check on Bitcoin. Apparently, Coin Base could tell that he was in Cuba and he received a "Notice of Account Closure and Pending Disablement" due to Cuba's view on Crypto.
It looks like when he gets back the the UK or US he is going to be able to supply an ID and get it straightened out. However, I would not want to have to sweat that out.

Yet another great reason to keep your coins out of exchanges.

https://www.coindesk.com/coinbases-cuba-problem-says-bitcoin-business/

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I don't trust exchanges after Mt Gox. I've also had issues with Poloniex recently. This never used to be an issue but now that I am looking at buying a few Alts, it's not so easy to run many wallets on my PC!!

Yeah, that's good point. What issues have you had with Poloniex?

Issues with coins being withdrawn with no notice, withdraws needing approval and stuck for weeks, no response from customer service etc etc. They do not operate like a responsible business and I will not be using them again.