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Topic: Don't hold your coin on exchange for long time. - page 14. (Read 1563 times)

newbie
Activity: 12
Merit: 0
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.
[/quote] Most of the peoples are holding the investment in wallet only but many day traders only hold the exchanging sites because they are always buying and selling continuously so exchanging site is good for the day traders and others are holding the investment in hardware wallet or online wallet.
full member
Activity: 672
Merit: 144
Curious is that much time or short amount of holding bitcoins can't decide whether exchanger gets hacked or not. Maybe I hold btc on exchanger for 1 year without issues but someone just transfer them on exchanger today and after one hour it got hacked but before one hour, somehow I decided to transfer them on my personal wallet.
So from this, OP's and everyone's who accepts OP, can't be concidered as logical opinion.
in any case you are very fortunate that you have saved your Bitcoin on the purse of the exchange. Today, there is a lot of information about hacking accounts. Therefore it is better to be safe and not to take risks.
hero member
Activity: 2310
Merit: 886
Curious is that much time or short amount of holding bitcoins can't decide whether exchanger gets hacked or not. Maybe I hold btc on exchanger for 1 year without issues but someone just transfer them on exchanger today and after one hour it got hacked but before one hour, somehow I decided to transfer them on my personal wallet.
So from this, OP's and everyone's who accepts OP, can't be concidered as logical opinion.
member
Activity: 476
Merit: 10
Cryptoknowmics - World's First Decentralized Media
yes sir its not really good to hold your tokens or coins exchanges its better to store your coins in your wallets.
hero member
Activity: 3052
Merit: 606
Of course, it's not recommended to hold or store your coin/tokens on the exchanges for a long time
better to store it in the wallet, it's more safe.
Right.That's why we have our own wallet with own private keys so we can keep it safely and privately away from hackers around.There are a lot of negative news spreading about some of the exchanges being hacked even those who are trusted by most people.So we should think of the safetiness first of our hard-earned coins than letting other people benefit from it.
member
Activity: 316
Merit: 10
Where did you get that one of a kind NEWS? I think it's not good to see this post in here. I think it's Good to say on here but it's not totally Good.
legendary
Activity: 1006
Merit: 1000
Of course, it's not recommended to hold or store your coin/tokens on the exchanges for a long time
better to store it in the wallet, it's more safe.
full member
Activity: 364
Merit: 100
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.

Yes you are right, i prefer to hold my coins on wallets and not in exchangers because sometimes they are getting problems in their system which you might lose your cryptocurrencies in the future so i prefer using wallet or a ledger.
hero member
Activity: 966
Merit: 513
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 don't entrust my coin in an exchange because I find it so risky since most of exchanges these days are hackable. There are lots of phishing victims nowadays and it is really hard to keep calm while storing our money on exchanges. It is better to keep it in our ledger and safer wallets.

I hope no one will do that for having the fund on any exchange wallet I hope. May newbies could do that here on the exchange but if really wanna help the forum members they should open the thread on beginners and help section only not here I guess.

We should need not to answer the same thing again and again bro.
hero member
Activity: 2352
Merit: 594
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 don't entrust my coin in an exchange because I find it so risky since most of exchanges these days are hackable. There are lots of phishing victims nowadays and it is really hard to keep calm while storing our money on exchanges. It is better to keep it in our ledger and safer wallets.
full member
Activity: 404
Merit: 105
Holding coin on exchanges is very dicey! You never know when market will trade in your favour and on the day it does,  you may miss out on your chance for good profit since such event happens very fast!
Yes actually this is very risky to hold your coin in an exchange. We never know what's gonna happen next so better we have to save our coins in a safe wallet. So im on the side not to hold coins longer in the exchange.
newbie
Activity: 166
Merit: 0
Because cryptocurrancy currencies can change in almost any place on earth, hackers from all over the world after that and they use anything to get that money, Exchange is not a wallet. Just keep the amount of money you want to trade always. Sometimes there we have a scenario negative for this kind of situation that is held under you. You often suggest that you always keep up-to-date and always look at the market yourself the value of a special coin to know what is going on, if it is true or increases. In a much better scenario if you do not want to see the market value every day, at least two weeks. If the market value goes up, go for an exchange.
member
Activity: 266
Merit: 10
“Revolutionising Marketing and Loyalty”
Holding coin on exchanges is very dicey! You never know when market will trade in your favour and on the day it does,  you may miss out on your chance for good profit since such event happens very fast!
member
Activity: 224
Merit: 10
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 that at this time bitcoin prices are constantly fluctuating and difficult to kick, you can see that the market is fluctuating continuously and will be hard to recover strongly. Therefore, your long-term investment is very difficult, I believe that bitcoin prices will be able to adjust and then continue to fall to depth $ 5000.
full member
Activity: 462
Merit: 100
yes you should not hold the coin you have for a very long time or long term on the exchange because there is already such a case, he keeps a lot of bitcoin at the exchange after which the exchange is closed and can not make a withdrawal.
full member
Activity: 434
Merit: 100
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.

Based on my experience holding your coin for a long time in an exchange can lead into just a loss but not all the time but the thing is I am in a bounty campaign and all those was just a bounty reward so I cannot assure myself that the coins is good for a hold because most of them must be sold when the price pumps they cannot rise even more because they always lead into a dead coin. So that is what happen I wanted to have a kuch more money so I hold it but didn't happen but instead I received nothing.
sr. member
Activity: 2618
Merit: 335
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.
Well, it is actually very funny to see people holding money on an exchange for a very long time when you obviously know that you have no control over them. A lot of this has been mentioned over the years, and I still wonder why a lot of people still make such mistakes anyway, knowing that you will be taking a huge risk of losing your funds in the case where something ends up happening to the exchange and knowing how some exchanges have really been a victim of hack over the years.
jr. member
Activity: 308
Merit: 3
The Premier Digital Asset Management Ecosystem
yes, i agree on this, if you want to hold your coins for the long time better to transfer it on your wallet. because in the wallet is more much secure than any other exchange even if this exchange is on top or not better to secure your funds.
Well, move on to your wallet so they are safer, do not put them on the wallet of such trades very risky for you, maybe they will lose if you do not control them. Depending on the person but most people moved to wallet to hold longer.
sr. member
Activity: 1400
Merit: 273
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 have received such a very usual advice. I, too, am giving away the same advice to people. However, as much as I want to avoid storing a good amount of coins in my exchange wallets, I find it practical to do just this. I do trading every now and then, especially if the market is turning bullish. I cannot simply pull in and out my coins every time I do trading. That would mean a whole lot of fees that would greatly diminish my gains.
member
Activity: 1092
Merit: 29
'Free as a bird'
yes I stuju with you can be seen lately MERCATOX also hacked but I was lucky my coin in it is still safe and I immediately sent my coins to my own wallet
I lose my BTC on mercatox too, first i think this is for monthly fee (like a bank) but after read topic in this thread, it abnormally  Cry Till now i'm not hodl my asset on exchange, just hodl on myetherwallet

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.
Love this suggestion, so because im not trader, i just hold on myetherwallet Smiley Thanks
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