Kate Posted July 29, 2019 #1 Posted July 29, 2019 Stake has a wide variety of people and many people play on the site every single day and most of them deposit many times a day to the site to play so i was wondering since stake has a wide variety of people and has lots of funds deposited how would they keep the funds safe ? Because if they keep it in a cold wallet it wont be possible so what would be the other way ? Does anyone here have any idea on how they do it ? I believe that they have a private server all to themselves and it is stored there or something like that ? What do you guys think ? Give your crazy ideas 😛
Mahdirakib87 Posted July 29, 2019 #2 Posted July 29, 2019 Don't know, actually how do they do it. But I guess all users deposit address connected to hot wallet. And stake keep safe most of it's fund in cold wallet. User's withdrawal send from hot wallet. And all the deposit funds goes to hot wallet by circle. But whenever someone makes big withdraw they fill hot wallet and send the payment. It's my own thought but maybe not right.
cukup2 Posted July 29, 2019 #3 Posted July 29, 2019 maybe the stake has a wallet that is not connected to the internet network such as the Trezor Model T wallet that can store your btc without having to connect to the internet so your money will be safe stored there, because hackers might not penetrate an unconnected wallet to the internet and it's hard to trace or maybe stored in the blockhain wallet and there are thousands of BTC in it , but that's just my estimate or definitely hehe I hope it's not wrong.
polor12 Posted July 30, 2019 #4 Posted July 30, 2019 For you asking those questions trying to figure out the security system works is oddly suspicious.. for you to find out I suggest you speak to them directly. We are the wrong ones to give any security details about this site and banking..
wngo123 Posted July 30, 2019 #5 Posted July 30, 2019 Quote Stake has a wide variety of people and many people play on the site every single day and most of them deposit many times a day to the site to play so i was wondering since stake has a wide variety of people and has lots of funds deposited how would they keep the funds safe ? Because if they keep it in a cold wallet it wont be possible so what would be the other way ? Does anyone here have any idea on how they do it ? I believe that they have a private server all to themselves and it is stored there or something like that ? What do you guys think ? Give your crazy ideas I wouldn't feel good if people would know the answer for this question I hope nobody knows details because this just shows how secure stake is. So let's keep it this way and don't give any bad people idea on what is going on and what security is being introduced to protect the coins people store here. I hope everything is to the highest standard possible and much better secured than those crypto exchanges which were compromised in the recent years
Paecga129 Posted July 30, 2019 #6 Posted July 30, 2019 46 minutes ago, polor12 said: For you asking those questions trying to figure out the security system works is oddly suspicious.. for you to find out I suggest you speak to them directly. We are the wrong ones to give any security details about this site and banking.. Yes you make a very nice point here polor that I wouldn’t have even thought of until I saw your response. Probably best if we keep these details a secret !!
nitendo Posted July 30, 2019 #7 Posted July 30, 2019 I think a large amount of BTC and other alts has been put in a safe place, and a small amount of them are in online wallets to pay users.
hillowner45 Posted July 30, 2019 #8 Posted July 30, 2019 I'm gonna take a stab in the dark based on what another site does. I think stake has both a cold and hot wallet. When a user makes a withdrawal, money is taken from the hot wallet. The hot wallet must be filled up by transferring funds from the cold wallet to the hot wallet. I'm guessing Eddie himself monitors the hot wallet to make sure it never completely empties out, so that it doesn't disrupt the flow of the casino. Another site with only a few players only refills the hot wallet when it is emptied. The majority of the funds are kept in the cold wallet for security reasons. But who knows they might use a different security system altogether.
Kippo Posted July 30, 2019 #9 Posted July 30, 2019 14 hours ago, Kate said: Stake has a wide variety of people and many people play on the site every single day and most of them deposit many times a day to the site to play so i was wondering since stake has a wide variety of people and has lots of funds deposited how would they keep the funds safe ? Because if they keep it in a cold wallet it wont be possible so what would be the other way ? Does anyone here have any idea on how they do it ? I believe that they have a private server all to themselves and it is stored there or something like that ? What do you guys think ? Give your crazy ideas 😛 I don’t know where they keep our money. But I know that our funds are safe in site wallet. Don’t worry about that.
SLFJ Posted July 30, 2019 #10 Posted July 30, 2019 I would think that it's some sort of botting with 1k plus wallets which pay the main wallet when they get paid, much fees, so thats not an option probably, I would like to know what is it that keeps them safe, do they have a secret behind this? I don't think so, just cause they kniw how to manage funds good doesn't mean they have something big behind this, but maybe they will let us know somehow somewhen, but for now lets not be this excited about where your deposited funds go
williamshennie9 Posted August 3, 2019 #11 Posted August 3, 2019 I'm sure they use some type of cold wallet storage for their funds. I mean they have thousands of bitcoins just sitting there waiting to be withdrawn, so they would have to ensure it is protected.
jiocast Posted August 3, 2019 #12 Posted August 3, 2019 On 7/29/2019 at 11:21 PM, Kate said: Stake has a wide variety of people and many people play on the site every single day and most of them deposit many times a day to the site to play so i was wondering since stake has a wide variety of people and has lots of funds deposited how would they keep the funds safe ? Because if they keep it in a cold wallet it wont be possible so what would be the other way ? Does anyone here have any idea on how they do it ? I believe that they have a private server all to themselves and it is stored there or something like that ? What do you guys think ? Give your crazy ideas 😛 they have 2f right?> and also we have vault to use, that can only allow withdraw after email confirmation, i think that is so safe now, have you tried the vault? check it on your setting sir.
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