If you are a full time trader then you need to take a risk of putting your bitcoins on exchange sites so that you can buy or sell coins but if you are not regular trader then better to keep your majority of funds in wallet and only transfer the amount that you want to trade on exchange sites.
Most people here saying that coins should really be putted on their respective wallet rather than on exchanges but this thing would really be a pain if you are an active trader and as you said you should really take the risk on storing it on exchanges because you can able buy directly once you do see an opportunity unlike if you do still need to transfer it to your exchange wallet came from your local wallet.Its quiet hassle and fees would really be a burden. 
Topic: Exchange or wallet? - page 2. (Read 1401 times)
What is more safe to save coins? I don't know if is online platform better then exchange? I have some Waves and some ETH. Waves has online Chrome add-on which is similar with saving Waves on exchange.
What do you prefer? Has Waves wallet 2FA authenticator?
Its more safe to save coins from the etherwallet but im not saying that waves is not safe . I think that myetherwallet is safe cause it requires a private key that is given in the owner of the created wallet. I think its unique cause most of the time some wallets requires password but myetherwallet cannot be opened by password its secured cause it requires private key.What do you prefer? Has Waves wallet 2FA authenticator?
Hmm, actually the main thing that causes wallet or our exchange account is safe is yourself. Because I am sure with great enthusiasm, that the systems owned by all exchange and wallet are mostly very safe. Especially the exchange and wallet is the most widely used, so if you want to get security then do not ever make a carelessness. Because a lot of my friends who get it and finally regret, one thing you really should do is always update the security of the device you use to store confidential data.
when it comes to altcoins and holding them on exchanges as your wallet it is not question of "safe or unsafe" for me. it is the important matter of convenience. and because of that i always prefer to hold them on exchanges.
this way i don't have to download wallets that may even contain malware, or bugs, and also waste a lot of my resources (storage and bandwidth).
besides i convert them back to bitcoin soon enough so there is no point in paying transaction fees twice.
this way i don't have to download wallets that may even contain malware, or bugs, and also waste a lot of my resources (storage and bandwidth).
besides i convert them back to bitcoin soon enough so there is no point in paying transaction fees twice.
What is more safe to save coins? I don't know if is online platform better then exchange? I have some Waves and some ETH. Waves has online Chrome add-on which is similar with saving Waves on exchange.
What do you prefer? Has Waves wallet 2FA authenticator?
What do you prefer? Has Waves wallet 2FA authenticator?
SPT to SNM token migration is automatic and has begun.
https://blog.sonm.io/spt-to-snm-token-migration-is-automatic-and-has-begun-a53579ee2c82
If you are a full time trader then you need to take a risk of putting your bitcoins on exchange sites so that you can buy or sell coins but if you are not regular trader then better to keep your majority of funds in wallet and only transfer the amount that you want to trade on exchange sites.
I see everybody repeating the same things over and over again about how safes it would be to keep it physical instead of exchange. But in fact the thing is it all depends on your style of investment. I like to trade and to trade a lot. On coins that I trust to bring me gains in the end even if I hold a bag for some time. And for that, I need my money in exchange. If you are the kind that can solely trust on bitcoin increasing it's value and make your profit in terms of usd in the end, yes take it somewhere physical. But otherwise, you'd have to trust an exchange like I do and decide on how much you'd like to risk and possibly gain with your money.
So if everything goes well, I'll be increasing my money both in btc and usd but holders will increase their value only in usd.
The risks are the risks.... Exchange might get hacked, I might trade bad.. etc.
You decide.
So if everything goes well, I'll be increasing my money both in btc and usd but holders will increase their value only in usd.
The risks are the risks.... Exchange might get hacked, I might trade bad.. etc.
You decide.
What is more safe to save coins? I don't know if is online platform better then exchange? I have some Waves and some ETH. Waves has online Chrome add-on which is similar with saving Waves on exchange.
What do you prefer? Has Waves wallet 2FA authenticator?
It is always safer to keep your coins in your wallet and to have access to private keys.What do you prefer? Has Waves wallet 2FA authenticator?
Exchange can simple vanish, close doors or scam you, and what then?
Don't think too much about where to keep your money! Keep it very close to yourself!
Yes its much safer to keep your bitcoins in offline wallet instead of exchange as its risk factor will always be there and in the past when bitfinex got hacked many people lost huge amount of bitcoins in it and those incidents alerts us and we need to be very careful while trading and as soon you make profits try to withdraw it and transfer your balances to your wallet.
What is more safe to save coins? I don't know if is online platform better then exchange? I have some Waves and some ETH. Waves has online Chrome add-on which is similar with saving Waves on exchange.
What do you prefer? Has Waves wallet 2FA authenticator?
It is always safer to keep your coins in your wallet and to have access to private keys.What do you prefer? Has Waves wallet 2FA authenticator?
Exchange can simple vanish, close doors or scam you, and what then?
Don't think too much about where to keep your money! Keep it very close to yourself!
Keeping higher amount on exchange sites is always a big risk as anything is possible in future and if the exchange disappears in future then you will be loosing all the funds at once so I will always prefer to save my bitcoins in my electrum wallet where there is no scope of coins getting stolen or wallet getting hack and its much safer in compare to storing bitcoins on exchange sites.
Storing bitcoin on electrum is way much safer than storing it on exchanges and this is the thing what im doing anytime on which i do store up on my own wallet because exchange wallet is never been safe and same as you said they can anytime run with our funds which would really be a total loss for us if that thing do happen.We wont know on when they would be gone. 
Keeping higher amount on exchange sites is always a big risk as anything is possible in future and if the exchange disappears in future then you will be loosing all the funds at once so I will always prefer to save my bitcoins in my electrum wallet where there is no scope of coins getting stolen or wallet getting hack and its much safer in compare to storing bitcoins on exchange sites.
If you don't have the private key, you don't own the coins...
Where can I get the privat key? On Waves Chrome platform or hardware wallet? Where to find hardware wallet and how much does it cost?
What is more safe to save coins? I don't know if is online platform better then exchange? I have some Waves and some ETH. Waves has online Chrome add-on which is similar with saving Waves on exchange.
What do you prefer? Has Waves wallet 2FA authenticator?
Always go for those wallets that you do have the possession of your private keys.Waveswallet.io or chrome add-on is much better on exchange. Don't ever leave your coins on an exchange as most people said here you don't hold the private keys of those wallet.Better to be safe than sorry. What do you prefer? Has Waves wallet 2FA authenticator?
For me personally if indeed the funds you have is for investment will be much safer using a wallet. Because in our wallet who has the authority to do anything against the funds we have, while their exchange also has the authority to do anything against the funds we have. So if we want to use the exchange as a place to store investment funds is definitely there is a possibility that a bad thing can happen in the future. So it all depends on how you do and use it, or what you need.
A year earlier I would have stored also bigger amounts on exchangers like poloniex. But at least nowadays it is recommended to store the coins in wallets. I would even not exchange bigger amounts at exchangers ans devide the trading money into smaller amounts because many exchangers seem to have problems.
I have the same experience just as you mentioned above, I would like to store some short term coins on the exchanges since I want to sell them when the price is good, and store long term coins in my wallet for more safety.
A year earlier I would have stored also bigger amounts on exchangers like poloniex. But at least nowadays it is recommended to store the coins in wallets. I would even not exchange bigger amounts at exchangers ans devide the trading money into smaller amounts because many exchangers seem to have problems.
Imho exchanges for trading only not for storage. Because coins on exchanges not your they keeps in alien wallets. That's why if you buy for long-term better to keep on own cold storages
Here is one basic rule: Do not give ANYONE your private key.
Use Cold Storate: Cold storage in the context of Cryptocoins refers to keeping a reserve of Cryptocoins offline.
Methods of cold storage include keeping Cryptocoins:
- On a USB drive or other storage media
- On a Paper wallet
- On a bearer item such as a physical bitcoin.
- Use a offline Cryptocoins Hardware wallet
Use Cold Storate: Cold storage in the context of Cryptocoins refers to keeping a reserve of Cryptocoins offline.
Methods of cold storage include keeping Cryptocoins:
- On a USB drive or other storage media
- On a Paper wallet
- On a bearer item such as a physical bitcoin.
- Use a offline Cryptocoins Hardware wallet
if you don't keep huge quantity you can use exchange but if you are keeping huge quantity you should withdraw them to your own wallet.
What is more safe to save coins? I don't know if is online platform better then exchange? I have some Waves and some ETH. Waves has online Chrome add-on which is similar with saving Waves on exchange.
What do you prefer? Has Waves wallet 2FA authenticator?
Its more safe to save coins from the etherwallet but im not saying that waves is not safe . I think that myetherwallet is safe cause it requires a private key that is given in the owner of the created wallet. I think its unique cause most of the time some wallets requires password but myetherwallet cannot be opened by password its secured cause it requires private key. What do you prefer? Has Waves wallet 2FA authenticator?
The safest would be to have a hardware wallet though it cost something it is worth it too. But if you can't afford it yet or can't buy one as of this time, an exchange is still okay but it is risky because it is still possible to be hacked though even with a 2fa enabled.
Everyone wants their money to be stored safely. We need a good purse to keep the money. We need to create a unique password for each of our bitcoins. Do not let the bad guys break in, lose your money. Jump to: