Topic: Don't hold your coin on exchange for long time. - page 22. (Read 1563 times)
For every one who doesn't know , Coincheck was a big exchange which got hacked and people lost around 300 million dollars , It could happen to any exchange in the world , since crypto currency could be change in almost any spot on the earth , hackers from all around the world are after it and they use any thing to get that money , Exchanges are not wallet , Only keep the amount of money you want to trade with , always.
That right, if your purpose to buy coin for long term investment like more than 1 years is better to keep it in personal wallet that you have full control with the private key. But if you want to make profit by trade it, actually keep coin in exchange will be ok, just make sure all security features is activated, and never put all coins in 1 exchange, this is wil be too risky.
Yes, I agree with your statement but the people are looking for long term investment better they can withdraw money to their specified wallets in order to protect them. For people who are trading daily can keep coins in the exchange for day trading but they need to follow all the security measures mentioned by them to protect your friend from hacking.
Yes you are right. Sometimes there we have a negative scenarios for this kind of situations lile holding I Frequently suggest you always be updated and always look at the market it self the value of the speacific coin to know what is going on, if it is fally or rising. In a much better scenario if you don't want to look at the market value every day, atleast once a week.
If the market value is up go for the exchange.
If the market value is up go for the exchange.
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.
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.
agreed that's why i would say decentralized exchanges are future
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.
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