Storing your Cryptos in exchanges is similar to storing funds in a bank. It may sound safe but there is some exposure since a third party has control over your funds.
Fraud, security attacks, and loophole in financial health can be third party risks
Be your own bank in Trust wallet!
I agree. It is unsafe to hodl in exchanges except you’re doing so as either a form of soft-staking or you’re actively trading.
My funds were just stolen a minute ago in Trustwallet!! My xrp and dogecoin is 0 balance now. Can someone help me before I lose more of my funds???
Either you sent them somewhere or you gave someone else your key. Trust wallet did not steal your cryptos
You are not going to lose your funds if they are correctly sent to the wallet. Patience.
No someone took my coins as I didn’t send it to my other wallet. My funds are gone!!
No I did not gave my key to any one! It was taken by someone and my balance is 0 right now!!!
Exactly you shouldn’t store your funds in the exchange unless you have traded, placed an order or invested in staking.
I want to create one token n wanted to listing trust wallet, can some one help me?
First and foremost, you need to contact [email protected] to complain the animality.
Secondly, you need to reset your private keys and set your new PIN and then write them out for safekeeping in your close guarded note or jotter to avoid recurrence of such sinister experience.
Please take these steps as soon as possible!!
For now trust wallet is my bank
It’s understandable not to want to store your funds in exchanges but where do you suggest we store our cryptocurrencies.
Even the hardware wallets these days are being compromised. I have had an issue with a Non Custodial wallet where my crypto suddenly disappeared without a trace. Nothing showed up in transactions history.
The thing is that, DYOR in choosing a reputable wallets or exchanges at least to reduce the risks
Just as we have done our DYOR and found Trust wallet as the solution
Thank you, I am taking all my coins and will buy ledger nano x. Take lots of care and thanks for your help.
How coke did your private key got to someone?
How come did your private key got to someone?
Year in year out, crypto exchanges are hacked and huge amount of funds are stolen. Coincheck, bitgrail, bitfinex, zaif, bithumb, cryptopia, upbit etc even the presumably more secured ones get hacked.
Be your own bank in a trustworthy wallet.
That is bad. It’s a pity. But not your wallet