This is more than true, if you want to hold a little amount of money (less than $500) into an exchange to take the opportunities to buy some coins, just hold it on strong exchanges like Binance or Bittrex, otherwise, just stick to have it on your wallet
well, sometimes it is very dangerous. we do not know what will be the exchanger. even more so at this time so many burglary exchangers by international hackers out there. well, we have to be careful in that regard. 
Topic: Don't hold your coin on exchange for long time. - page 2. (Read 1563 times)
This is more than true, if you want to hold a little amount of money (less than $500) into an exchange to take the opportunities to buy some coins, just hold it on strong exchanges like Binance or Bittrex, otherwise, just stick to have it on your wallet
I really thanks for the informations you've shared to us here in the trading discussion. It was very important for me because the same as you. i've always stored my coins in an exchange site though it was advice by my friends to do that for easy transactions which could be a wrong procedure.
Thank you for reminding this for people.I personally use exchanges, and I do think having some coins on them for a short amount of time is relatively safe. I do not recommend leaving your coins on them for extended periods of time though, because you are exposing yourself to a greater risk by having them on the exchange over a prolonged period of time. Even a very short amount of time does still has risk.
agreed , If you don't own the keys of an wallet, do you really own the key in there? One could argue that sure you do, the exchange is obligated to give you the coins when you ask for them. Sure, but obligated by whom?
I mean, in banks, you don't want the keys to the bank yet you feel that the money are YOURS and SAFE. Maybe people tend to think the same about crypto exchanges...But the truth is that the banks are very regulated and insured and there are practices [ good and bad] that have been in place to prevent people or institution from stealing or losing your money.but we cant be sure about exchanges. thank you for bringing up important topic.
I mean, in banks, you don't want the keys to the bank yet you feel that the money are YOURS and SAFE. Maybe people tend to think the same about crypto exchanges...But the truth is that the banks are very regulated and insured and there are practices [ good and bad] that have been in place to prevent people or institution from stealing or losing your money.but we cant be sure about exchanges. thank you for bringing up important topic.
This is true, at least for me. I have tried to hold many times, but I got failed. One of the main reason I noticed is that I held my coins on trading exchanges. It was really hard to hold when I saw my coins were going down, then I sold them and hope I can buy again with low prices... The real situation that I missed lots of chances...
So, if you want to hold, put your coin to offline wallets!
So, if you want to hold, put your coin to offline wallets!
We have to be aware that keeping your coins in an exchange for a long time is such a bad idea because you might lose your funds by doing that. You will never know when will it be attack by hackers so it not really safe. It would be better to keep it your personal wallet then transfer only on an exchange coins that you wanted to trade.
This topic has been discussed many times on this forum and in fact everybody is now aware of it that holding coins on exchanges for long time is quite unsafe. We have also experienced several incidents in the past regarding the hacking of exchanges like Mt. Gox.
If you want to be a professional and an efficient trader then do not trade poorly but fuel up yourself which means that get the experience of trading by doing and repeating the process in different situations which will build up your knowledge. With this experience there is no power which can stop you from touching your destination so simply never ever ignore the basic and focus on your process wither for long term o short term. 
I agree with you mate. Especially about the coins with low capital / volume. Because you may enter to the trade when the token just comes to market where is high volume at the beginning but with the time people forget the coin and as no volume in exchange you wont able to sell your coins as there re no any buyers
Holding coins on an exchange for a long time is very risky. Anything can happen to the coins. The exchange can be hacked and you lose the whole tokens therein. That's why its far better to keep your tokens in your private wallet than keeping it on the exchange
yes of course you should not hold the coin you have at the exchange because I think if you hold the coin at the exchange it has a very high risk so you should save it in the external wallet or wallet like ledger.
in short most of exchange are not trustable that we can also have to take a risk on it we should be more practical and open minded you should always think the sake of your hardwork then dont let this to be stolen just because you store it for so long. 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 believe that at this time we should only buy and invest in the short term, you should not hold long any coin, at present bitcoin prices are recovering but recovery is not strong and bitcoin prices will be able to reduce strong at any time. So at this point I think you should only invest in short term and always have a specific trading plan. 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.
Yes, I think that at this point you should not hold and invest long term, you can see that bitcoin prices are constantly fluctuating and the market is bearish in the long run, so to be able Successful trading is very difficult, bitcoin prices can decrease at any time and if you keep the longer the damage will be larger. 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 time to time, exchange getting hacked, either from system got hacked or they attack the user side with a phishing site or some kind of viruses.
This is one of the best advises that you can give any one in the crypto industry. Holding many tokens on the exchange without trading it (buying or selling) prices to come with a bigger risk. Its less riskier to have your tokens in your wallet that you control the private keys
Yes, if you do not trade regularly, keeping the coin on the Exchange is unreasonable because the risk is huge when Exchange is targeted by hackers around the world. It is therefore important to preserve the coin carefully and more efficiently to ensure that coins are safe.
Yes i do. I just using exchange when selling my coins. But staying my coins in a exchange, No. because we don't know when the hacker to attack.
You are absolutely right mate. Never hold your tokens in exchanges if you're not going to sell because of a hacking issue which is rampant all over the internet. Like what had happened months ago wherein 3 exchanges have been hacked which causes the downfall of the market price until today and I think it's not recovering yet.
yes of course you should not hold the coin you have at the exchange because I think if you hold the coin at the exchange it has a very high risk so you should save it in the external wallet or wallet like ledger.
es it is difficult to do this for active trading. Especially when the coins are circulating endlessly on the stock market. If we hold our coins in any market, we actually have no control over our funds. Only cold wallets that can give full control over our money.
This is one of the best advises that you can give any one in the crypto industry. Holding many tokens on the exchange without trading it (buying or selling) prices to come with a bigger risk. Its less riskier to have your tokens in your wallet that you control the private keys
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