Sentences with phrase «stored on a centralized exchange»
Funds stored on centralized exchanges are stored in wallets owned by the company, making funds more susceptible to hacks.
http://links2exchange.net/ Not exact matches
As used herein, «Digital Currency» means a digital asset (also called a «cryptocurrency,» «virtual currency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store of value.
And while China can imprison citizens for starting ICOs, it can not access, confiscate or freeze people's funds stored on the blockchain outside a centralized cryptocurrency exchange without an owner's private key.
However, you can minimize the risks by storing your Bitcoin in a hardware wallet instead of on these centralized exchange platforms.
Some cryptocurrency exchanges store their private keys on centralized servers and thus it is a potential security risk for users» funds.
Other stories reported: - Google storing private keys on Google Drive; R3 trial distributed ledger; Bitwala new service — send money via messenger; Centralized exchanges are Honeypots for thieves; UK Gambling regulator setting some rules; Australia Postal service tests identity...