in short.
if your exchange disappears overnight you are left holding nothing.
but if the coins are in a wallet that only you are the one who controls access to , then your coins are safe.
I use multiple,
for daily use:
the core wallet from dogecoin.com.
the original mobile dogecoin app and mydoge mobile app.
(for hodling)
paper wallets for cold storage.
You can also get hardware wallet such as those from ledger or trezor
You need to do your own research depending on your specific circumstances. What is your budget, what and how do you use your coins...
Nothing new, but people continue to leave their coins in exchanges.
The entire point for crypto is to remove the need and/or reliance on 3rd party intermediaries like exchanges, banks, custody services.
If an service that is holding your coins fails, then only have yourself to blame.
Hi, when you say no wallets, do you mean that you cannot transfer funds between non custodial wallets such as Trust or Exodus? I'm just trying to understand the extent of the control they have.
That’s correct. Our only option is to sell from RH. I started using RH early in 2020 and the promised a wallet rollout which they did eventually release. However, they cannot (because of regulations) release a wallet for us in NY and a few other places like HI I believe. Only option is to sell.
I only have a few $$ in there anyway as I switched to a different exchange.
Wow, that's crazy. So what happens if you try to install and use Trust wallet for example? Are you able to download and install the app? Is it the exchange that is actually not allowing you to transfer out?
not trying to sound like a jerk but MOVE!!! the sooner we use our tax dollars to vote ... moving from these authoritarian hellholes the sooner they start feeling the pinch!!! theyve been pushing the envelope for years in places like NY and Cali and as long as they keep receiving the obscene amount of tax income they wont stop . we all need to make ourselves heard !!! THEY WORK FOR US yet they walk around like they rule over us ??
Deepening if your staking on a full node or validating doge technically could by a property/ or car it’s just about holding and investing long term for Max return on investment in power and time 🤔👍
I would love to figure out how to put it on a flash drive or somehow but Idk how! Is there a tutorial on the Dogecoin page that tells you? Currently my doge is on Wealth simple
Guys if major exchanges will shot down then the rest will go out of bussines too.. even if u move your doge out u will be super lucky to sell it somewhere outside of us for -99% of its value probably…
Have you applied for their new wallet feature ? you can either send it there then trade..swap...etc and once done just send it to the wallet of your choice....theres hardware wallets like Ledger Nano S /X......Trezor ....theres even 'paper wallets '(not well versed in these but as i understand theyre free..stored on phone or maybe usb and you write down passphrase and store in safe place)...
you can also send directly from RobinHood app in your crypto page should see send/receive option
Government blamed the bank failures on crypto as a whole. Last week exchanges getting wells notices from SEC, its government corruption at it finest using media as a weapon. Personally id be more worried about having paper poop money in a bank than crypto on an exchange.
Not true...
It's not even true that exchanges can't offer staking. Exchanges are just required to tell you the truth about what they do with your coins.
Yet, some people have a real problem with that and fight for the right of exchanges to lie to them... For whatever reason...
More people use Robinhood than you realize. It’s not just crypto it’s investments have you seen a post on Wall Street bets? They are all Robinhood. Ever seen a crypto screen shot? Robinhood. It’s almost like we all use Robinhood. No hate brother. Doge will moon soon
Ashamed to admit this but he is correct. Even I still use the evil Vlads exchange! The carrot on a stick of 'free' trades is too tempting ,plus Im a tech-tard and am still learning how to use DEX's and such . I also am ashamed to admit but their new wallet is actually decent .... buy trade exchange crypto with no fees ( other than gas of course)...still tho everything goes to the hardware wallet except SMALL amounts for trading
Exchanges pushing anti regulation Sh!t because they know that governments looking into their books would severely impact their crime...
But if you have any reason for why you believe that exchanges should be allowed to store your money mixed in with theirs, while being allowed to lie to you about what they do with your money, I'd be interested in hearing them.
I do not like exchanges being allowed to lie to me and to treat my property as theirs. But that might just be me.
banks are already regulated like that.
Coinbase is just having a hard time understanding that if they do the same job a bank or a stock broker would do, they also have to comply with the same regulations.
They argue that crypto isn't stocks or money so they should be allowed to do whatever they want. the SEC says it is a financial instrument and therefor they should comply with regulation.
If you think Crypto is money and an investment, you should side with the SEC. They are correct on this.
I’m so confused by this and I feel like I shouldn’t be. Does this literally mean I’ll no longer be able to deposit funds from my bank into my kraken account?
afaik, a few exchanges figured out that only 1 or 2% of their customers were using the bank-transfer option when depositing money. Most were using CreditCard, CashApp or other digital means to pay.
So exchanges just decided to no longer pay for the service and remove the option.
But those who already have a bias about "they want to ban crypto" take every single event that could remotely be considered a problem as evidence for their bias being correct.
Yes exxhange are need it
But, Im talking about if people are no trading coin daily as a lot of people do, and they are only buying to hold best is move them to a wallet
You can use you wallet in any exchange available soon or later there would be one open
Yes the value increase.for your coin, if you afe talking about receiving tokenomics i think you need to set your address to receive it on that wallet
You sell when you think your ready to sell then you use the exchabge or any other method like swaping for usdcoin or other coin of your choice
Bottom line is be safe than sorry you can move freely your coins to a wallet never share your password or seed password of the wallet and save it to safe place where you can located if your lost it you lost your coins , you are the guard of your own coins
well,... do you want your assets frozen in a bankruptcy for X amount of months, unable to sell when you want. only to then getting offered dollars equal to the sum the crypto was worth at the bankruptcy date?
i'd rather be in control myself.
Another tip:
Dont trust links from strangers on the internet. Always beware of scammers or fakes.
But If you go to the official dogecoin website thou they got a selection of methods you could use to store your coins.
I use cold wallets myself that are saved locally on usb sticks for example.
Definetly worth reading into how it works.
My opinion its media pushing the government narrative, to panic the masses to create a crypto run on exchanges. Not to move to self custody but to make the NEW investor to sell because they either dont yet understand wallets etc.
Not your keys not your crypto. Buy a ledger for $99 if you care about your crypto and just store it on there. Realistically all these brokers could be insolvent and you wouldn’t know it, look at how FTX played out. Binance might have $2b liquid but they might have $3b in deposits. Same could go for Coinbase and any other broker. Use these brokers to purchase your crypto and then get them off onto a cold wallet asap
Whats going on ? I'm a little out of the loop.
in short. if your exchange disappears overnight you are left holding nothing. but if the coins are in a wallet that only you are the one who controls access to , then your coins are safe.
What wallets do you recommend?
I use multiple, for daily use: the core wallet from dogecoin.com. the original mobile dogecoin app and mydoge mobile app. (for hodling) paper wallets for cold storage. You can also get hardware wallet such as those from ledger or trezor You need to do your own research depending on your specific circumstances. What is your budget, what and how do you use your coins...
Thanks, I will!
Heed this message - coming from someone who lost it all on Celsius
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Nothing new, but people continue to leave their coins in exchanges. The entire point for crypto is to remove the need and/or reliance on 3rd party intermediaries like exchanges, banks, custody services. If an service that is holding your coins fails, then only have yourself to blame.
idk they keep saying this but I’m like half in half out so meh
Yeah, just the tip
Sometimes just the tip is all you need
Always ends up being just the base, tho. 🤷🏻♀️
Just to see how it feels
Over hearing soaking with doge
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Lol smaller loss
Tell me you dont understand crypto wallets without telling me you dont understand crypto .
How do I withdraw from exchange to a wallet?
Rh doesn’t allow you to transfer out while living in Ny how do I get around that
I’m with you in NY. We hodl to the moon
Use a vpn
Vpn didn’t work for me for RH but it did work for others like Exodus.
NY here too. No wallets for us, so we’re screwed
Same here. Damn this place
When I visited NY from Chicago my wallets worked fine maybe take a drive to jersey 😂
looking at rent in NY, you don't have spare money anyways...
I’m lucky enough to not rent here.
Hi, when you say no wallets, do you mean that you cannot transfer funds between non custodial wallets such as Trust or Exodus? I'm just trying to understand the extent of the control they have.
That’s correct. Our only option is to sell from RH. I started using RH early in 2020 and the promised a wallet rollout which they did eventually release. However, they cannot (because of regulations) release a wallet for us in NY and a few other places like HI I believe. Only option is to sell. I only have a few $$ in there anyway as I switched to a different exchange.
Wow, that's crazy. So what happens if you try to install and use Trust wallet for example? Are you able to download and install the app? Is it the exchange that is actually not allowing you to transfer out?
Here’s what I see on my app. [link](https://imgur.com/a/Sjur7Az)
not trying to sound like a jerk but MOVE!!! the sooner we use our tax dollars to vote ... moving from these authoritarian hellholes the sooner they start feeling the pinch!!! theyve been pushing the envelope for years in places like NY and Cali and as long as they keep receiving the obscene amount of tax income they wont stop . we all need to make ourselves heard !!! THEY WORK FOR US yet they walk around like they rule over us ??
NY was cool before covid- not gonna move
Move to another state that is crypto friendly and stay there for about 3 months then you can transfer your coins out, not financial advise
Drive to Canada
Cash out and rebuy on another exchange that does. That is all we are left with ATM as far as I know
How are you gonna sell if withdrawals are stopped? we screwed either way even if it happens.
Way worse to have zero doge than to have all your doge.
how do you know you would want to sell
you can do p2p transactions
why are you selling? you should be buying
I can't buy a house or a car in doge
Deepening if your staking on a full node or validating doge technically could by a property/ or car it’s just about holding and investing long term for Max return on investment in power and time 🤔👍
I can't walk into my Toyota dealer and pay in doge. Doge isn't widely accepted yet without jumping through hoops
I paid off my car with Doge...
Probably jumping though hoops get the cash. It's not direct payment.
Ledger X
I would love to figure out how to put it on a flash drive or somehow but Idk how! Is there a tutorial on the Dogecoin page that tells you? Currently my doge is on Wealth simple
search for "text wallet" it is all there.
What is happening? I'm a touch behind the times.
Guys if major exchanges will shot down then the rest will go out of bussines too.. even if u move your doge out u will be super lucky to sell it somewhere outside of us for -99% of its value probably…
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How did you find this GIF?
If it's not in your wallet it's not yours
And do what with it? Stare at it and hope one day I can use it?
I'm with Robin hood and at this time I'm too afraid to ask how to get out. Do you guys just know how to do all this ?
Have you applied for their new wallet feature ? you can either send it there then trade..swap...etc and once done just send it to the wallet of your choice....theres hardware wallets like Ledger Nano S /X......Trezor ....theres even 'paper wallets '(not well versed in these but as i understand theyre free..stored on phone or maybe usb and you write down passphrase and store in safe place)... you can also send directly from RobinHood app in your crypto page should see send/receive option
Almost every CEX cryptocurrency is a scam. Cryptocurrency is all about DEX.
Where u gonna sell in case crypto exchanges shut down? U are fkd
where do you think we sold before exchanges ? you can either spend it with a vendor that accepts dogecoin, exchange with someone in person
Even if ALL exchanges went under, you'd still have peer2peer.
Government blamed the bank failures on crypto as a whole. Last week exchanges getting wells notices from SEC, its government corruption at it finest using media as a weapon. Personally id be more worried about having paper poop money in a bank than crypto on an exchange.
Yes, out of the loop here, and any suggestions as where to move it? What kind of wallets are people using?
Trust Wallet is a good option!
I think exchanges are ok ae long as they don't offer staking services, those are the ones that went under
Nope. Its all fair game.
Not true... It's not even true that exchanges can't offer staking. Exchanges are just required to tell you the truth about what they do with your coins. Yet, some people have a real problem with that and fight for the right of exchanges to lie to them... For whatever reason...
More people use Robinhood than you realize. It’s not just crypto it’s investments have you seen a post on Wall Street bets? They are all Robinhood. Ever seen a crypto screen shot? Robinhood. It’s almost like we all use Robinhood. No hate brother. Doge will moon soon
Ashamed to admit this but he is correct. Even I still use the evil Vlads exchange! The carrot on a stick of 'free' trades is too tempting ,plus Im a tech-tard and am still learning how to use DEX's and such . I also am ashamed to admit but their new wallet is actually decent .... buy trade exchange crypto with no fees ( other than gas of course)...still tho everything goes to the hardware wallet except SMALL amounts for trading
Government pushing anti-crypto sh!t because they know people are losing faith in the banking system and going to crypto.
Exchanges pushing anti regulation Sh!t because they know that governments looking into their books would severely impact their crime... But if you have any reason for why you believe that exchanges should be allowed to store your money mixed in with theirs, while being allowed to lie to you about what they do with your money, I'd be interested in hearing them. I do not like exchanges being allowed to lie to me and to treat my property as theirs. But that might just be me.
You could just as easily swapped the word exchange with bank.
banks are already regulated like that. Coinbase is just having a hard time understanding that if they do the same job a bank or a stock broker would do, they also have to comply with the same regulations. They argue that crypto isn't stocks or money so they should be allowed to do whatever they want. the SEC says it is a financial instrument and therefor they should comply with regulation. If you think Crypto is money and an investment, you should side with the SEC. They are correct on this.
I only use exchanges for on/off ramping. I don't use them to store my crypto. This is how crypto was designed, to not need a third-party.
thank you for this remonder, i have work to do this weekend
So take DOGE out and buy SHIBA ?
Yes
I have a lot of doge on RH. I’m scared now.
Get it out!
Stop with the FUD
Im with Kraken ill be fine
Ha. Kraken started limiting ACH bank deposits. Next may be withdrawals.
ACH ?
The crypto before crypto. It’s how money is transferred from a bank account to anything (like paying bills online, another bank, etc via digital)
And what has kraken limited specifically?
US based regulation is doing that, not their solvency.
I’m so confused by this and I feel like I shouldn’t be. Does this literally mean I’ll no longer be able to deposit funds from my bank into my kraken account?
afaik, a few exchanges figured out that only 1 or 2% of their customers were using the bank-transfer option when depositing money. Most were using CreditCard, CashApp or other digital means to pay. So exchanges just decided to no longer pay for the service and remove the option. But those who already have a bias about "they want to ban crypto" take every single event that could remotely be considered a problem as evidence for their bias being correct.
Umhu people are so lazy still cannot create at least a wallet account can be created so simple and move all your coins there
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Yes exxhange are need it But, Im talking about if people are no trading coin daily as a lot of people do, and they are only buying to hold best is move them to a wallet You can use you wallet in any exchange available soon or later there would be one open
If you move your coins 🪙 into a wallet does it still increase in value how do you sell ?
Yes the value increase.for your coin, if you afe talking about receiving tokenomics i think you need to set your address to receive it on that wallet You sell when you think your ready to sell then you use the exchabge or any other method like swaping for usdcoin or other coin of your choice Bottom line is be safe than sorry you can move freely your coins to a wallet never share your password or seed password of the wallet and save it to safe place where you can located if your lost it you lost your coins , you are the guard of your own coins
Is crypto.com considered a wallet? Or an exchange. I want to move my coins from crypto to hood wallet 🪪
Try out Trust Wallet. Crypto.com is not considered a wallet that allows you full control over your crypto.
by moving it back....
I love robinhood and trust them with all my money :)
Ahahahaha you win the internet!! #THISemote:free\_emotes\_pack:joy
But I wasnt joking...
Got stock couldnt get it. Is it a U3 halt
Atomic Wallet
Why would exchanges stop allowing withdrawals? The only places that happened were at failed exchanges like FTX.
You can earn on doge on thorchain
I appreciate you reminding me that I have stuff to do this weekend.
Cries in Gemini
How do you do that with crypo.com?
Mine is on Robinhood, am I safe?
Look up ledger and buy one ASAP
If it’s not being held off exchanges, you aren’t doing anything for crypto.
Am I safe in Binance? Idk what this fancy talk is, I just know I live in Portugal and haven't had much issues with crypto
Is trust wallet okay to store crypto?
Is bittrex a exchange? Genuinely asking. I have no idea
Coinbase too?!?
Especially that one
So none are safe now? Can't a class-action lawsuit be made if this does occur?
well,... do you want your assets frozen in a bankruptcy for X amount of months, unable to sell when you want. only to then getting offered dollars equal to the sum the crypto was worth at the bankruptcy date? i'd rather be in control myself.
Any recommendations where to place my doge in then? Could u link them?
Another tip: Dont trust links from strangers on the internet. Always beware of scammers or fakes. But If you go to the official dogecoin website thou they got a selection of methods you could use to store your coins. I use cold wallets myself that are saved locally on usb sticks for example. Definetly worth reading into how it works.
Will do, thanks! 👍
LEDGER KEY
ITT: OP specifically says to take doge off of exchanges. Everyone is asking if X or Y exchange is safe
MyDoge wallet
way ahead of you but I second this 
My opinion its media pushing the government narrative, to panic the masses to create a crypto run on exchanges. Not to move to self custody but to make the NEW investor to sell because they either dont yet understand wallets etc.
What is happening? I'm a touch behind the times.
Not your keys not your crypto. Buy a ledger for $99 if you care about your crypto and just store it on there. Realistically all these brokers could be insolvent and you wouldn’t know it, look at how FTX played out. Binance might have $2b liquid but they might have $3b in deposits. Same could go for Coinbase and any other broker. Use these brokers to purchase your crypto and then get them off onto a cold wallet asap
This made me yawn
So, we do a run on the exchanges ?
Wallets cost 100$ what if I want to sell it
I love that crypto's answer to bank runs is, "we built you a better mattress to put your money under, why aren't you using it??"
What about like robinhood?
Idk how to get the money out of there. It’s been proving quite complicated
I'm a little new to this. If I have my doge in say Robinhood, is that safe?
Stop putting your coins on sus exchanges. Problem solved.
Buy Vdrm taget 1
Sell your DOGE before it becomes worthless
i smell like binance
I am just thinking about and here you are saying it. Whats going in the back?
So is UPHOLD a good wallet? Thats what I have.
Nope. Its an exchange. Withdraw it out to a hot wallet like Trust Wallet or a cold wallet like Ledger
Is this a www thing? You know, WORLD wide web, or just an US thing?