Topic: Don't hold your coin on exchange for long time. - page 21. (Read 1563 times)
How i wish most traders will understand this. This is what have rendered so many investors to zero. You do be surprised to know that some of the exchange owners are the one secreting conducting the hack just to still the coins of his users. The human mind is deceptive and can be suprising at times. So its better to take away your coins from there and secure it safely to prevent stories that touches the heart.
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.
I agree with you its better to hold our coins in our personal wallet if this coin is a long term coin like top 5 coin in the market. Like no matter what happen bull run or bearish this coin will surely recover something like that. But if you're a day trader who depend on small profit but instant profit its better to put some of your funds on exchanges so that if there is a price spike you can sell and buy later at dip. I think any exchanges can be hack anytime just use the most trusted one to minimize the risk.
Even though exchanged are not hacked, it is always not safe to keep coins in exchanges because their policies may change, delisting etc. and you may not be aware of that which will end up with a loss for you.
So please don't hold your coin on exchange for long time.
People do not leave their money in the exchange because they like the exchange, they leave their money in the exchange because in case of a dump the coin, they can sell immediately. if we did not have a big volatile market, I believe that few people would keep the coin on the exchange. Unfortunately people will always keep their coins in the exchange because of the reason I said and it is up to the exchange to increase their security so that the funds of their clients are not stolen
Yes, your point of view is just accurate. Many people are too lazy to withdraw their HOLD coin to their Main Wallet. Sometimes I feel, if I can then I will make a billboard or visit card by written "Don't hold your Coin in exchanges for a long time" and I will give them all crypto traders who are new in this crypto platform 
Holding coins in exchange are not safe, anytime can hack like Binance and Etheredelta got hacked last year and a massive amount of money has taken. So, If you are not a regular trader, then you should withdraw your tokens from Exca=hnage to main wallet or hardware wallet. Hardware wallet is the safest ever, Good Luck For Everyone.
Holding coins in exchange are not safe, anytime can hack like Binance and Etheredelta got hacked last year and a massive amount of money has taken. So, If you are not a regular trader, then you should withdraw your tokens from Exca=hnage to main wallet or hardware wallet. Hardware wallet is the safest ever, Good Luck For Everyone.
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.
Common thing and this had been said for hundred times already which you should not store coins which you cant afford to lose on exchangers and as we have seen on the past on the incidents of hacking then we already aware that they might lose anytime. People do knows that but trading with active transfers would really kill you at the fee and the delay specially when you are doing active trades. Transferring times will affect your accuracy when you do make orders due to waiting time. It do have some disadvantages too but when it comes to safety then this would been always suggested.
Yes I agree with you now days hack someone personal and private things is common so your money not safe everywhere
This is a good and valuable advice, which is used by many participants of this forum, we must think about the safety of their money.
If you have a reliable exchange to trade on then there is no need to be withdrawing your coins and depositing for every trades, as such situations will result in your withdrawal fees eating into your profit. Keep majority of your fund on cold wallet, but your main trading funds on the exchange.
So what exchange that can be hacked by hacker,usually i hold some coin on bittrex,it is safe? I think yes,this exchange never getting hacked for a long time
Don't think Bittrex is 100% safe hackers can hack any website but security wise Bittrex is better to compare other exchanging sites so people prefer this site. Binance is also a good site you can hold your coins on this site for a short time. only for the trading purpose and those coins don't have a private wallet that coins you can hold it in exchange site. personally, I don't prefer to hold more coins in exchanging sites. whatever security they will give I don't like to take a risk with my investment.
You are absolutely right, it is not right to hold coins at the exchange for a long time. I use a good exchange market for an investor and currency buy and sell. And at the end of the job I will withdraw my coins.
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.
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.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 a day trader then you must use several exchanges for simultaneous trading for diversification. But maybe we will be able ti use advanced decentralized exchanges soon
As for me I'd like to make a trading bot account and I think most website is good for holding a minimum amount of crypto just for the sake of trading daily.
We have heard of exchange website being hacked but basically it is really hard to penetrate an exchange only a person who dedicate him/herself from being a black hat hacker could have done something like it.
What is the quote for that? Pyramid does not build in a day. so in reality it will take a long time for a single entity or group could have access to such exchange.
We have heard of exchange website being hacked but basically it is really hard to penetrate an exchange only a person who dedicate him/herself from being a black hat hacker could have done something like it.
What is the quote for that? Pyramid does not build in a day. so in reality it will take a long time for a single entity or group could have access to such exchange.
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 that most important to learn if you want to invest in cryptocurrencies if there gonna happen on exchanges like hack you might loss you money to. 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.
So what exchange that can be hacked by hacker,usually i hold some coin on bittrex,it is safe? I think yes,this exchange never getting hacked for a 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.
Agree with your suggestions and also thank your best advice. I always keep my altcoins on big exchanges and are always very scared because I do not know if my property can be hacked in the future? Of course after reading this article I would consider buying a wallet Ledger Nano S for long term investment. Thanks for helping the community with posts like this 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.
You are right that you want to hold long-term a coin, that would be good if you hold it through an offline wallet or hardware wallet. and I think it would not hurt if you hold on the exchange, they have a tight pengamana so it's hard for me to hack an exchanger, even if your account got hacked maybe you made a mistake. 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 should not keep the assets you have in exchange because there is very high risk, one of them is your assets can be stolen there.
The business is involved with risk , this is why securing our coins is advisable. Even storing in mew to me is risky. This to me is like spreading FUD on exchanges because we also have decentralized exchanges.
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.
exchanger could have experienced a hack and this is very dangerous because we do not have full control of the wallet in the exchanger, although it was a biggest exchanger 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 depends on the extent of your experience and circulation. If you are buying and selling daily, you will have to keep your currency for a while, but as a rule, it is always better to transfer to your wallet as long as you do not want to use your cryptocurrencies.
Transaction fees are meager, so a loss of $ 2 to protect $ 2000 is not a bad swap.
Remember: wallets does not mean that your currencies are safe unless you know how to use it "save your seed, hide your private key,...etc."
Transaction fees are meager, so a loss of $ 2 to protect $ 2000 is not a bad swap.
Remember: wallets does not mean that your currencies are safe unless you know how to use it "save your seed, hide your private key,...etc."
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