It is the 3rd of January again, which is the date that the bitcoin blockchain roared to life 11 years ago on 3 January 2009. Today marks the official birthday of the bitcoin blockchain which many users around the world celebrate by participating in the Proof of Keys movement.
As usual we encourage all of our users to participate in Proof of Keys, and to withdraw their bitcoin to their own secure bitcoin wallets where they are the holders of the private keys.
Your keys, your bitcoin. Not your keys, not your bitcoin. – Andreas Antonopoulus
We have always believed our exchange (and any exchange) should be used primarily for what it was designed to do, exchange crypto, and not be a place to store your bitcoin.
By storing your crypto on an exchange you are putting your funds at risk. Nobody knows if an exchange will be hacked, or if you could be targeted and your login details phished, or your account compromised. An even bigger risk is that an exchange can be forced to freeze user wallets with a court order. There is no benefit for a user to leave funds in an exchange wallet. Be very careful of exchanges who promote themselves as being “secure wallets” because they are not actually giving you the whole picture. Directors of the company who own the exchange platform will NOT go to prison for you, so if you leave funds on an exchange you risk your funds being confiscated.
Every year on January the 3rd, we ask that all our users who have funds left on the exchange participate in the Proof of Keys celebration by taking possession of their crypto. This process will PROVE our trustworthiness to you by showing that we have, and can account for ALL bitcoin deposited on the exchange.
Withdrawing to your own wallet will also allow you to also test yourself. You will be able to double check your own processes, as well as your wallet settings and passwords.You might surprise yourself and even find some bitcoin in a random wallet that you have forgotten about!
Wallets that you can use to secure your bitcoin
To make sure that you are 100% in control of your crypto, only use a wallet that you control the private keys. If you are using your mobile phone to secure your bitcoin, we suggest giving BlueWallet for Android and iOS a try.
If you are using a desktop computer to secure your bitcoin, take a look at using the Electrum bitcoin wallet.
Are my coins safe on iCE3x?
Yes! The iCE3x.com platform has been audited and approved by Kaspersky Labs. Kaspersky are the world’s foremost internet security experts, and have been an integral part in the development of our platform.
We also store 100% of customer funds offline, which further enhances the safety of funds stored on our platform.
Are you taking part in the 2020 proof of keys celebration? Let us know in the comments below!