Topic: All crptocurrency at a single exchange. - page 5. (Read 1966 times)
I would never keep my coins on the exchange, the exchange at any time can hack intruders and I will remain without coins best to keep the coins on the hardware wallet to which only you have access
Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.
Personally, I don't feel safe storing something in an exchange, things might go wrong. And at any moment that exchange most might be hacked or bankrupt. I prefer storing most of my coin in an hardware wallet, this is safer than ever. I actually have coins in some exchange but I dont stote it there in a long period of time. As much as possible, I have already done what I have to be done in that exchange then just transfer again when needed.
Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.
It is always best to diversify. This advice does not only apply to investments, whether cryptocurrency-related or not, but also to all kinds of investment opportunities, and also to exchange platforms. Do not just focus on a single exchange platform. Well, in the first place, you will follow the exchange platforms of your favorite and potential coins so you cannot just settle with a single platform. But also if the single exchange platform that you use is in maintenance or crashing down, then you will also be stuck along with them. So you better use around 3 of the best exchanges.
It is not safe at all, Some exchanges are very high security. But Please keep client-side wallet like a MyEtherWallet for ERC20 tokens and Please use their own wallets if available
If you are trading then its ok to keep them on the exchange but if you want to hold for the long term then its better to keep in hardware wallet to get safe.
Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.
Personally, I don't feel safe storing something in an exchange, things might go wrong. And at any moment that exchange most might be hacked or bankrupt. I prefer storing most of my coin in an hardware wallet, this is safer than ever. I actually have coins in some exchange but I dont stote it there in a long period of time. As much as possible, I have already done what I have to be done in that exchange then just transfer again when needed.
Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.
Personally, I don't feel safe storing something in an exchange, things might go wrong. And at any moment that exchange most might be hacked or bankrupt. I prefer storing most of my coin in an hardware wallet, this is safer than ever. I actually have coins in some exchange but I dont stote it there in a long period of time. As much as possible, I have already done what I have to be done in that exchange then just transfer again when needed. Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.
If you are a regular trader you can store your crypto asset any trusted exchanger like as bittrex or bifinex or kucoin.But you want to hold your crypto asset you can use a different desktop wallet or official wallet not exchanger.Most of the people lost their asset for using untrusted bt profitable exchanger so you can easily use desktop or official wallet and keep your private key any safety place
For me, Better to split your crypto into other exchanges for incase of problem you have your backup. And also its depend on exchange when your coin or token is in the higher price then keep it on particular exchange or use the official wallet of your crypto so you dont have to be worry of lossing your money.
I am also of the opinion to not keep all the eggs in one basket. For instance, if there is a security compromise of any exchange, the coins are as good as gone. This is the fact of the cyber world that no system is hundred percent safe. The reason is that humans are the developers of technology and to err is human. There are always loops in the system. Besides, all the exchanges have different things to offer. 
If you plane to hold your crypto currency, for the best you hold them in their wallet, except you decide to trade your crypto currency. Why I suggest you to hold in wallet because we don't know when that exchange will close or get some trobles. If that happent, probably you will lost your coin without garanted. And I suggest you to never put all coin in one exchange, make it 3.
Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.
Many people say it is not advisable and i do so agree but with my experience l just keep my coins that i used in day trading in one exchange so i may save some gas fee and time from transferring it from exchange wallet to my private wallet but for my long term coims i keep it in my private wallet for safekeeping purposes. 
Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.
Not recommended to safe your crypto asset at single, double, triple exchange, that place is only for buy sell transactions. Your wallet is the safe place to keep your crypto asset and as long you obey the rules, your asset will be safe. Second place to safe your asset is bank, meaning do one way transaction ( buy - sell - exchange ) at one time and safe it into currency at your bank. Maybe you're not familiar with this strategy but I know this is the right one.
I don't recommend that you put all your alts in one exchange because sometimes an exchange can get hacked which means you coins might get stolen while if you put that in like a ledger that's very safe and only you can open it.
Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.
Realy not safe if you stored your tokens or any coins in any exchanger because you are not actualy holding your own private keys in exchanger and beside of that exchanger can change or updates there wallet anytime.
You can store your money any exchange. But it is important that you have 2FA security for your account. So you will not be hacked by your hackers. Be careful, now hackers have many sophisticated scams, we can not foresee. You can use Authy software to secure 2FA for your account.
It all depends how much money you have on exchange in crypto. If you have less than 1000 dollars in crypto and you use very strong password with 2FA then it is OK. Depends how often you are trading them. If you are just holding then you should withdraw tjem to your personal wallet.
Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.
I'm very worried about that. That's my opinion is very risky because we all know that when we save the coin in an exchange then we will not have a private key. I suggest to save on official wallet of each coin, and if we have a lot of coin then we save it in offline wallet which is much safer than web-based wallet and also exchange. But if we still want to use an exchange to do trading then I suggest not to save too much money on an exchange.
For me, Better to split your crypto into other exchanges for incase of problem you have your backup. And also its depend on exchange when your coin or token is in the higher price then keep it on particular exchange or use the official wallet of your crypto so you dont have to be worry of lossing your money.
that will be a very bad practice to do.Exchanges are being monitored daily for flaws by unscrupulous people and then they capitalize on such flaws if they find them to steal user funds.So it is never advisable to keep your funds on any exchange at all.Also if there is the need to seize their servers as happened with btc-e,you wont have access to your funds either
Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.
No doubt that bitfinex is better exchange , even in these days most of the cryptocurrency exchange are better but in reality I would like to recommend you for the store of the cryptocurrency at multiple exchange Because if you will put your all the cryptocurrency at single exchange then there is chance that if the exchange get hacked or anything happened wrong for some time then surely your all the cryptocurrency get stopped to progress or send or receive and in that case everything that you will have wiop be useless .And also if you will use multiple exchange then surely there will be another thing that is a type of differences in the price of the coinn from exchange to exchange and in that case you will be able to make big earnings .
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