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BITCOIN MONEY

Riles4365
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SO for anyone that knows about Bitcoin, nicehash, coinbase and coinjar I need some help. Do you think it would be more worthwhile to put my bitcoin which I get from nicehash miner into a coinbase or coinjar account. If i put it into coinbase then I have to send it to coinjar to withdraw to bank account which costs money to send. I don't know which is better. Please help 

 

thanks

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I like coinbase but I only use mine as a storage option. I just spend money out of the wallet at retailers that take coin.

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It can be risky to leave your coin stored on an exchange. As Andreas Antonopoulos says (I'll be misquoting but the effect is correct) if you don't hold the private keys, then it's not your bitcoin. I'd recommend you get it onto your own secure device. If the exchange/online wallet gets hacked (it's like a giant honey pot for a hacker) you'd loose it. 

 

I'm only a noob but I hope it helps.

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Go to topic listing Folding@home, Boinc, and Coin Mining

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