| json_metadata | "{"app":"musing/1.1","appTags":["exchange"],"appCategory":"exchange","appTitle":"Is it risk-free to store some Bitcoins in coins.ph?","appBody":"<p>While I do trust Coins.ph in terms of security and what nots (<em>I also have some BTC stored in Coins.ph for easy withdrawal to fiat</em>), it is worth to note that <strong>there is no 100% secure way to store anything online</strong>.</p>\n<p>The most likely scenario that could happen is for an exchange or wallet to disable transactions for a cryptocurrency. Even major exchanges like Binance and Poloniex had disabled Deposit/Withdrawal transactions before for crypto's like Steem, holding the users money hostage for days/weeks (<em>and around 6 months for Poloniex</em>).</p>\n<p><img src=\"https://cdn.steemitimages.com/DQmWuiVrfMRTnir2tL1d5U9s9dg67GGKk5ov3yKdn8Q9WVJ/image.png\" /></p>\n<p>While I don't see this happening for Bitcoin, it is still a likely possibility for small exchanges and local wallets especially now that the hype for Bitcoin and crypto is starting to fall down here in PH. So only store what you can afford to be stored for some time. XD</p>","appDepth":2,"appParentPermlink":"f3cuccrsq","appParentAuthor":"monoarc","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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