For me security is much more important than a stop loss. Because of that I store all my assets on hardware wallets.
In my opinion stop losses do not really work. Insted of fast tradings I prefer accumulating altcoins very low and hold them for a long time. Works fine for me.
Topic: Help with security and stop loss (Read 114 times)
Hi,
I need some help on what I should do with my cryptocurrencies. I have a significant(to me at least) amount of money in my exchange with GDAX. I have all my cryptocurrencies all at a stop loss price in case these coin plummet in price I can cut my losses.
However, I have heard that it is unsafe to store all the cryptocurrencies in an exchange because of hackers/security reasons. I do have a hard wallet but the only problem is if I store everything into my hard wallet I can no longer put a stop loss on all the coins.
What do you think I should do? I do want to be secure but again I want to leave it in the exchange for the stop loss purpose. Any suggestion would help.
Thanks!
I need some help on what I should do with my cryptocurrencies. I have a significant(to me at least) amount of money in my exchange with GDAX. I have all my cryptocurrencies all at a stop loss price in case these coin plummet in price I can cut my losses.
However, I have heard that it is unsafe to store all the cryptocurrencies in an exchange because of hackers/security reasons. I do have a hard wallet but the only problem is if I store everything into my hard wallet I can no longer put a stop loss on all the coins.
What do you think I should do? I do want to be secure but again I want to leave it in the exchange for the stop loss purpose. Any suggestion would help.
Thanks!
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