Keeping Your Bitcoin On Exchanges Like Golix, Styx24 Or Coinbase Is Not A Good Idea

By Alvine Chaparadza

Bitcoin and other cryptocurrencies were created to you give control of your money. But when you store your bitcoin on an exchange, what’s the difference from just keeping your money in a bank which does not give you control of your money? So, it stands to reason that when you store bitcoin on an exchange you are just disobeying the founding principle of bitcoin.

As usual when you disobey a principle of any system it comes with its risks and costs. I don’t need to jog your memory about the recent compromise of Golix’s user accounts that obviously …read more

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