When you store your bitcoins on an exchange, a gambling site, or in an investment site, you're placing a lot of trust in the company.
Personal wallet security with a relatively small amount of coins is one thing, but these sites store many more bitcoins than the average user, and are therefore prime targets for attack. So how do they protect your money?
Some, like the gambling site Seals With Clubs, use their own proprietary wallet technology, while others work with third-party services.
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