Topic: Don't hold your coin on exchange for long time. - page 10. (Read 1563 times)
I don't hold or stock my altcoins kn exchanger because it's dangerous because anytime once the hacker hack the exchanges site your money will lose also and not only the hacker once the exchnges site close you will get your money. Personal wallet is better to use because your coins is safe and no one can try to open it because you only how to open need to be careful and always cheked if you have missing coin .
If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
That's true because if that exchange will hack you will fmgoodbye to your funds so much better to use a hard wallet that to use a exchange to hold your coin because it's recommended. Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
Thank you very much teacher you have taken me out of many doubts I used to keep my coins in the same oka broker, it seems fair and necessary. use a physical wallet
I didn't understand a word of that post, buddy.OP, you're absolutely correct. Anyone who's been around in crypto long enough to remember the debacles of Mt. Gox, Cryptsy, and a couple of others that I can't remember the names of will absolutely cringe at the prospect of keeping any appreciable amount of money on any of these exchanges. I just registered on binance recently, as I needed a place to buy some shitcoins, and there's no way in hell I'm keeping anything but a dust balance there overnight. I don't think they're a scam exchange by any means, but all of the past hacks and scams have instilled a sense of paranoia in me about leaving a balance on exchanges.
Noobies would be well-advised to heed this advice. You never know which exchange is going to be the next Mt. Gox. Don't keep any bitcoin or any other coin on an exchange. Do your trading and then withdraw to a wallet that's safe.
If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
I think you should not invest long term in any coin, you can see that bitcoin prices are constantly fluctuating in recent days and there are still no signs of recovery, It is very difficult at this time, you can lose a lot if the bitcoin price drops sharply and can not recover. The market is bearish in the long term so anything can happen. Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
Only a very dumb guy would hold all their crypto on an exhcnage, i mean, that is something more than ridiculous to do, and it is more than risky because you can lose everything.
Well is not advisable for one to hold his or her coins on the exchange because the exchange can be hacked at any time or the withdrawal of the particular coins you are holding can be put on hold for reason best known to exchanger operators.
If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
It's not really a good idea to put all your coin in an exchange specially if you plan it to hold for long term but I think people still prefer putting it in exchange because its convenient when you badly need to sell your coin its a risk to take and I think people are already aware with the consequences. Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
There is an advantage and disadvantage both.. If you have no coins in your exchange wallet, how about the constant pump of the coins you are currently holding, transferring coin in one's exchange wallet consume more time, and when the coins arrived in your exchange wallet, the pump/dumb are gone, so you missed the opportunity of a big profit.. Choose exchanges with a higher level of security.. my opinion.
What you say is true, but it will be still wiser to cut down the profit than risking all our assets in an exchange. No matter the exchange has the highest security level, something unexpected may happen anytime. OK they are safe from hacking attempt, but how about scam attempt from the owner of the exchange? We cant fully trust something in this online world especially if we talk about "money".
Yes, exchange sites are only used when trading. If you do not intend to buy or sell, just put your coin in the wallet. It is dangerous to hold a coin on an exchange site, hackers are stalking prey. If they see you, you will soon be killed.
A good reminder on the recent hack incident on Coinrail. Just like that famous tip that everyone will give to you, " Only trust yourself". Don't trust any exchange or trading sites but only yourself. Even Binance which is the best is still vulnerable to hacking.
Coinrail is a good exchange, i was surprised to read about their hack so it just goes to show that nothing is safe. Binance has a huge reward for white hat hackers but even that doesn't guarantee safety
A good reminder on the recent hack incident on Coinrail. Just like that famous tip that everyone will give to you, " Only trust yourself". Don't trust any exchange or trading sites but only yourself. Even Binance which is the best is still vulnerable to hacking.
Coinrail is a good exchange, i was surprised to read about their hack so it just goes to show that nothing is safe. Binance has a huge reward for white hat hackers but even that doesn't guarantee safety
If your a an active trader , you can hold your coins in exchanges because your actively trading. But if not, then store it,where your have the private key before you see the 404 right in front of you.
That would actually be a very devastating 404 lol ! I can imagine the look on someone's face in a scenario that happens. You are right, there is actually no business a long term investor do have with an exchange as the only thing you should use it for is to do your exchange to buy the coin or token you want to hold and transfer your stuff to your wallet where you have the private keys. It is only for traders who trade often and moving coins and tokens around would obviously pay them but even in that case, it is always better to trade with what one can afford to lose.
yes you are right you should not store the asset of cryptocurrency at the existing exchange place because it could be where the exchange will bring the total assets you have so you will get a loss.
There is an advantage and disadvantage both.. If you have no coins in your exchange wallet, how about the constant pump of the coins you are currently holding, transferring coin in one's exchange wallet consume more time, and when the coins arrived in your exchange wallet, the pump/dumb are gone, so you missed the opportunity of a big profit.. Choose exchanges with a higher level of security.. my opinion.
there may be some exchanges that you think are safe, because I keep some of my coins exchanged. is there a safe exchange for a long time?
Yes we have some exchanges we can keep our tokens in those exchanges but don't keep BTC and other high rated coins, only new tokens and tradable altcoins you can keep in exchanging sites. I kept my altcoins in Bittrex and Binance site my coins are safe till today. I am not recommending i am just telling my opinion.
yes you are right you should not take too long bitcoin you have at the exchange because if you save the assets you have in exchange places like it will make you lose the assets you have.
If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
For a long-term downtrend, I believe you should not invest long term at this point, you can see that bitcoin prices are constantly fluctuating and falling sharply in the past few days. has made the latcoin very strong. According to my analysis, the bitcoin price may reach $ 4000 this month and maybe even $ 1000 at the end of the year. So you should not invest long term. Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
there may be some exchanges that you think are safe, because I keep some of my coins exchanged. is there a safe exchange for a long time?
Yes we have some exchanges we can keep our tokens in those exchanges but don't keep BTC and other high rated coins, only new tokens and tradable altcoins you can keep in exchanging sites. I kept my altcoins in Bittrex and Binance site my coins are safe till today. I am not recommending i am just telling my opinion.
there may be some exchanges that you think are safe, because I keep some of my coins exchanged. is there a safe exchange for a long time?
Yes we have some exchanges we can keep our tokens in those exchanges but don't keep BTC and other high rated coins, only new tokens and tradable altcoins you can keep in exchanging sites. I kept my altcoins in Bittrex and Binance site my coins are safe till today. I am not recommending i am just telling my opinion.
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