Topic: Don't hold your coin on exchange for long time. - page 3. (Read 1563 times)
I think that there not necessary to hold for too long time for exchange it may be risky because no one can guess what will happen in the future.
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.
Yes, that's already known; holding coins or tokens on the exchange for more than it need be is a risky move, better to retract it to your wallet for safety.
It is fair enough I think, I can agree on that while I am withdrawing my funds from Exchange right after the transaction I made. Because I consider my wallet as more trustworthy than exchange wallet, even on Binance
Yes, a trusted cold storage is much more than better than holding your coins in exchange. With this newest big amount hackings in every exchange is totally alarming to all. But if you are in daily trade make sure every portion of ypur profit will be out on exchange for safety. I don't trust any exchange even how advance are their security as hackers will always find a way to hack it.
I agree with your opinion. I rarely hold coin for long term exchange because it is not safe
Its not advisable to hold your coins on an exchange as this can be very dangerous. Better to hold your coins or tokens in your wallet where u control its private keys
It is fair enough I think, I can agree on that while I am withdrawing my funds from Exchange right after the transaction I made. Because I consider my wallet as more trustworthy than exchange wallet, even on Binance
Enchanted binance And I really like it, especially the ability to make the account secure using SMS auntification and email auntification.
every single day we are witnessing a new hack issue so if you are hodler better to keep on a personal wallet ..
It is fair enough I think, I can agree on that while I am withdrawing my funds from Exchange right after the transaction I made. Because I consider my wallet as more trustworthy than exchange wallet, even on Binance
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.
I think in the past, people will really think that holding the coin on the exchange for a long time will face a lot of danger when in that moment, hackers repeatedly attack the exchange, the damage is enormous. However at present, even though the holdings still exist certain dangers but people still choose to hold the coin on the exchange because they have gradually believed in the exchange, the exchanges have perfected security after attacks, we do not need to worry too much, minimize wasted time when we no longer need to transfer assets from wallet to exchange 
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.
I would recommend to only put coins or token in exchange when trading it or better store it to your trusted hard wallet like trezor and nano s ledger for more safety. It is very risky if you just store your coins in exchange because as you can see many exchanges have been hacked already and I am sure that a lot more exchanges will be hacked in the near 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.
It seems wise because I have heard few times about the attack on the exchange wallets and even about the hack on some of those. So I usually just withdraw all of my tokens from the exchange right after I have done the mandatory things with them. 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.
holding your coin on a exchanger is simply quality as long as the market may be very reliable, you may always look at the history of the exchanger if there's an difficulty earlier than or ask a reliable person on what exchanger is the exceptional market to location your coins.
it is risky now, if we hold our asset on exchange.if we do this activate 2ndfa is must to make our account security safer.choose exchange that have good reputation with small case about hacking in their 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.
I strongly believe that you should not invest long term at this point, you can see that bitcoin prices are constantly fluctuating and difficult to guess, the market is bearish in the long term, because So we can only know the bitcoin price will decrease but can not know exactly at what time. So if you keep long term coin it will be very dangerous and very risky if the bitcoin price drops sharply.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.
Thanks
Your opinion is useful..
Hmm maybe never found any exchange safe,
i hope next future will add any exchange 100% safe
Your opinion is useful..
Hmm maybe never found any exchange safe,
i hope next future will add any exchange 100% safe
holding your coin on a exchanger is simply quality as long as the market may be very reliable, you may always look at the history of the exchanger if there's an difficulty earlier than or ask a reliable person on what exchanger is the exceptional market to location your coins.
If you hold altcoins they sure to lose value over time also tokens too unless they have a good running team that can manage it all the way through then it could probably last for at least a year or two. Don't hold coins other than BTC cause it won't endure it for the very least. For coin trends I prefer to handle them for months no longer than 6-12 months.
you are right, holding coin on the exchange is something careless, a lot of coins are lost for no reason in exchange, it is safer we hold our coin in the wallet, other than that holding it on the exchange is also dangerous because if exchange hacked then everything will be lost from your hand
On exchanges hold only the coins you are intending to trade with actively as many exchanges are hacked nowadays.
Decentralised exchanges are not an exception. Make sure 2FA is enabled on the exchange you use and the recovery for 2FA is stored safely.
Decentralised exchanges are not an exception. Make sure 2FA is enabled on the exchange you use and the recovery for 2FA is stored safely.
True, it is much better to keep your coins in your wallet and not in trading sites but if you are a professional trader and hold your coin for long and you really keep your investment and have lots of time to check it then it is fine.
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