All crptocurrency at a single exchange. - page 7.

Johnyz

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Quote from: mrproblem on March 10, 2018, 04:18:24 PM

Try to not keep your coins or fiat on exchanges as much as possible or distribute them more than one exchange if you need

Cryptomarket are being attacked by the hackers so this mean that holding huge amount of coin in an exchanges are really not a good idea. Better to put your holdings on a hard wallet to prevent any of this, just trade the amount you can afford to lose.

hridoyb

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Bitgesell (BGL) Decentralized Cryptocurrency!

Quote from: rajkr on February 19, 2018, 10:30:44 PM

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

mrproblem

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Try to not keep your coins or fiat on exchanges as much as possible or distribute them more than one exchange if you need

BartS

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Quote from: coinmarketshortcoin on March 06, 2018, 07:18:11 PM

Most important rule: Try to split and minimize your risks. Keep some of you Crypto on different (!) exchanges and some on different (!) wallets. If an exchange gets hacked or one of your private keys stolen, you won't lose everything!

The strategy of keeping your coins in different wallets is correct but the strategy of keeping your coins in different exchange wallets is a mistake only keep what you need to trade in an exchange all the rest of your coins needs to be under your full control and no one else you need to have control of the private keys of your addresses, if possible use a hardware wallet or a paper wallet to store your coins and if you could keep those in a safe then that is be even better you do not want to risk your coins to be stolen in the old fashioned way with a person just taking your hardware wallet or your paper wallet from your house.

wagi

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Quote from: L A R A on February 20, 2018, 12:48:35 AM

Quote from: rajkr on February 19, 2018, 10:30:44 PM

Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.

depending on how long you will hold your coins, if only for the short term does not matter you save it in the exchanger, but if for the long term this is very dangerous, because it could be exposed to the hack or close the sudden then your money will be lost, save your coin in the wallet that you hold its private key

This is what i thought because saving longer time in exchange will be much more dangerous and suitable for long term holder.
Exchange wallet is just for day trade or short term who can really easy to sell their coin at anytime.

paparexon0414

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I am not sure if it really safe but most of i read or advice is not to do it. We already knew that there are some exchange are being hacked and lost most of their coins. Or there are some error or bugs happening that compromised our tokens. Maybe it will be return to you but for a long period of time and it is really a hassle. (especially if you really need those at the time of emergency). Traders sometimes need to store their cryptos in exchange site especially if they are doing a long term trading, but as soon as you get your desire amount you should withdraw it immediately.

Insanerman

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It is also safe to store your cryptocurrency in exchange for you to enable a trade right away when these coin move in an upward trend, but somehow when you store all your hard earned crypto in an exchange it is very risky, because anytime the exhange platform could be corrupted or get hacked.

Use your wallet. Dont use the exchange as your crypto wallet. You will regret it.

Blamsud

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Quote from: Choii on March 06, 2018, 08:36:46 PM

Quote from: rajkr on February 19, 2018, 10:30:44 PM

Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.

It's not safe to put or keep all crypto at a single exchange, what if their exchange site was corrupted all your crypto is affected and have possible to loss your token ( almost all successful said, don't put all your eggs in one basket. ) Anyways, much better to keep your token/coin in your own wallet that have a private keys to secure your crypto and sell if you want to sell it.

It is just giving all your efforts for free, better have trezor or ledger if you want just to collect them all. But pitting it in one exchange, never, when that exchange shut down you'll soon regret not, spread it to the trusted exchanges the stricter the better.

Choii

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Quote from: rajkr on February 19, 2018, 10:30:44 PM

Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.

It's not safe to put or keep all crypto at a single exchange, what if their exchange site was corrupted all your crypto is affected and have possible to loss your token ( almost all successful said, don't put all your eggs in one basket. ) Anyways, much better to keep your token/coin in your own wallet that have a private keys to secure your crypto and sell if you want to sell it.

ngavanngo22

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OPEN GAMING PLATFORM

You shouldn't keep your crypto on both single or multi exchange although it's the best crypto exchange cause when you keep your crypto on exchange that mean you can't totally control all your crypto like when you keep them in your own wallet which you can easily control private key. If you keep your cryptocurrency on exchange, when these exchanges hacked that mean all your cryptocurrency also hacked as well

.

Ryanpogi

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think All crptocurrency and a single exchange better, because it is even more secure. it's accurate. thanks.

coinmarketshortcoin

newbie

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Most important rule: Try to split and minimize your risks. Keep some of you Crypto on different (!) exchanges and some on different (!) wallets. If an exchange gets hacked or one of your private keys stolen, you won't lose everything!

BartS

sr. member

Activity: 980

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Quote from: ?? on ??

We should never keep our coins in any exchanges.There are more chances of exchanges getting hacked and we may have to lose our saved coins.

This is a huge mistake that many keep doing, using exchanges is inevitable if you are a day trader but if you are a holder you do not have any excuse to keep your coins there, think about it lets suppose you have 1 ETH it is highly unlikely you are going to be targeted specifically with that low amount of ETH but if you have that amount in an exchange your crypto is at risk since exchanges are big targets that hackers will love to steal from and if they are successful there is a big chance you will never see your coins again.

Indrawan77

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Its absolutely not suggested to keep all of your money in one place, especially that place is exchanges, exchanges got a bad reputation for storing money, where people unable to withdraw, suddenly closed down and being hacked, so its absolutely dangerous to keep your money on exchanges, exchanges is not a place to store your money

psikolog

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♦ SIMDAQ ♦

Are you still holding your crypt money in exchange wallets? This is very risky. Hold your cryptos in your own wallet if possible. Otherwise you can be sad.

remiby

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Quote from: Gabz999 on February 19, 2018, 10:38:23 PM

It is not suggested to keep or store your coins on any exchanges sir. They might shutdown their platform at any time and your coin is at risk. Its better to keep your coins or tokens on a wallet were you have the control for the private key.

I agree. Also, if you keep you coins on exchange, you might not get access to forks. Also, if you ivest to ICOs, you have to invest from the wallet where you have the private keys.

Icaxx

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Quote from: Lazada on February 20, 2018, 12:36:17 AM

Quote from: Gabz999 on February 19, 2018, 10:38:23 PM

It is not suggested to keep or store your coins on any exchanges sir. They might shutdown their platform at any time and your coin is at risk. Its better to keep your coins or tokens on a wallet were you have the control for the private key.

Yes wallet offline has excellent security compared to most exchange. when we save the coin in exchange then we can not fully get the guarantee because the exchange is a third party service so everys moment we could lose the coin we have. Until now maybe only a few exchanges that have good quality that is like bittrex. But still only the offline wallet that can give us the best guarantee.

Offline wallet can guarantee your fund would be very safe but its not very usefull regarding to trade our capital.
Saving in offline wallet is not suitable for us as trader who want always trade at any convenient time so split our fund and use both platform would be more suggested.

hulla

hero member

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It not safe to keep all your crypto currency on exchange site. Besides, not even an exchange that was hacked on August 2016 and I will advice to get a hardware wallet to safe all your crypto currency while you leave some on exchange for trading purpose.

nitrousteam

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Quote from: rajkr on February 19, 2018, 10:30:44 PM

Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.

Nothing is safe. The risk is connected with everything in the crypto world. We are all trying to preserve the safety that we are slowly acquiring through new antiviruses and backups. Exchanges have their own security measures but even that good measures ( especially in bitfinex) cannot be relied on.
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Something unexpected can happen to exchange - hacking. the closing of the exchange, government influence and when that happens if you have everything stored on that exchange no one is guaranteeing you that your portfolio will be restored. Be smart and split your portfolio between exchanges.

deevan

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no dude it is extremely very risky to store your coins on an exchange, you are asking for storing on one exchange, don't store even on a single exchange. Always store your coins in a wallet (Desktop, Hardware ) for which you are only in full control of your private keys. On Exchange, your private keys are held safely secured by them , but still, it cannot be trusted due to many reasons like may be the exchange shut down due to Government pressure or exchange is hacked, because nowadays many hackers out there are targeting crypto exchange like you have surely listened about etherdelta exchange hack. Yes, if you are a day trader then you may store it but not all your coins only that amount of coins you wanna trade rest keep it in your wallet.

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