Topic: Hold your keys vs money on exchanges - page 5. (Read 686 times)
Private keys for hodling crypto. For crypto to be used in active and/or daily trading- leave on the exchange.
The veteran people on crypto tend to say that you should keep your coins in your wallet, never on exchages. However if there is a strong downwards movement on a coin and you want to sell to buy latter at a cheaper price it may take quite a bit of time and fees to move it. What is the right strategy?
All depend on strategy. Right or not nobody know about that.
If the strategy is Keeping altcoin or bitcoin in own private key wallet, so they will not sell although the price ho lower because they will just hold for longer time waiting the price back up.
If your strategy to sell if the price lower and buy back in low price, its not good if you store it in hardwallet.
So finally, all keeping strategy is good based on your own sell or buy strategy.
I`ve split my investments on several exchanges and that is how i try to navigate and control the risks. I am not inclined in waiting unknown amount of time to sell my coins and there is always the risk of wallet under maintanance etc.
I`ve split my investments on several exchanges and that is how i try to navigate and control the risks. I am not inclined in waiting unknown amount of time to sell my coins and there is always the risk of wallet under maintanance etc.
it is good to have several accounts for exchanges because we could spread the coins into many places and besides that, if the coins increase, there is a different high price from one exchanges between the other so it could possible for you to reach the highest price. but I think you don't have to try to make arbitrage for this because there are need time before you are ready to sell the coins.
The veteran people on crypto tend to say that you should keep your coins in your wallet, never on exchages. However if there is a strong downwards movement on a coin and you want to sell to buy latter at a cheaper price it may take quite a bit of time and fees to move it. What is the right strategy?
all of my bitcoin and other alts are still in the few exchange, i didn't store it to wallet except Ethereum, since day by day the fees are growing up but the market is become so badly, for me selling my btc or alts to my fiat will become easier and no fees
The veteran people on crypto tend to say that you should keep your coins in your wallet, never on exchages. However if there is a strong downwards movement on a coin and you want to sell to buy latter at a cheaper price it may take quite a bit of time and fees to move it. What is the right strategy?
There is no right strategy, it depends on what you want to do, since it seems you want to be a trader you have no option but to put your money in an exchange, also the fees are very high so it is no longer possible to make a few trades and then withdraw your coins, however you need to accept the risk those coins may be lost due to a hack to your account or the exchange. The veteran people on crypto tend to say that you should keep your coins in your wallet, never on exchages. However if there is a strong downwards movement on a coin and you want to sell to buy latter at a cheaper price it may take quite a bit of time and fees to move it. What is the right strategy?
The reason why they keep it on their own wallet is because to avoid a sudden scam which is some of the reasons most exchanges are not safe anymore but there are legitimate exchanges out there that's been running for years now. You can put your coins there if you haven't find a new hardware wallet. 
The veteran people on crypto tend to say that you should keep your coins in your wallet, never on exchages. However if there is a strong downwards movement on a coin and you want to sell to buy latter at a cheaper price it may take quite a bit of time and fees to move it. What is the right strategy?
yes, we have time to transfer the coins into the exchange but I think before we do this, we need to make sure that the price will increase or not because once we move to that exchange, we don't have to move into another wallet. I think this is the right strategy that we can do because the price can go up without any warning and if we are late then we cannot make any profit. but if you want to keep your coins for a long-term, then no matter what will happen, you don't move the coin to another wallet.
Always store your Crypto on a hardware wallet like Ledger Nano or Trezor- much safer than storing on any other wallets or an exchange .If you store on sites like myetherwallet there are many phishing sites out there so you have to be very careful , but you cannot go wrong with your hardware wallet (unless you lose your hardware wallet and your seed 
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) The veteran people on crypto tend to say that you should keep your coins in your wallet, never on exchages. However if there is a strong downwards movement on a coin and you want to sell to buy latter at a cheaper price it may take quite a bit of time and fees to move it. What is the right strategy?
yes, we have time to transfer the coins into the exchange but I think before we do this, we need to make sure that the price will increase or not because once we move to that exchange, we don't have to move into another wallet. I think this is the right strategy that we can do because the price can go up without any warning and if we are late then we cannot make any profit. but if you want to keep your coins for a long-term, then no matter what will happen, you don't move the coin to another wallet.
I used wallet rather than on exchange I'll take it too long to hold my coins because its good to hold a coins and wait until to the high value of a coin and if I want to sell it I will send it to exchange and trade.
If you decided to hold your coins for long term you can keep them in your wallet, but if you want to trade or sell or buy new you must use some exchages and it can take some extra time.
Just a quick question: If im holding my coins on an exchange, if the exchange gets hacked, that means my coins are gone or they will be held on a temporary wallet somewhere. 
为了安全起见，我觉的应该把钱放在钱包里，这样被骗的概率应该会小一些吧
Your not supposed to have funds, coins, or tokens on an exchange for longer than you need to trade them. Of course if you are looking to pick up an asset and you need to put some bids in then you are gonna need some funds on the website before hand. In this case it is okay to have funds on but again you generally don't want it there for a month but rather one week or so tops.
Idling it for a week is already long for me. Keeping them on exchanges isn't really a wise thing regarding on previous exchange hacks I'm done already on this matter.Losing precious coins isn't easy at all.You do accumulate them on all of your hard work and funds but in an instant they are all gone once sites being hacked.This is why safety measures would always be advised.
Hardware wallets are one of the best ways to securely store cryptocurrency without losing basic functionality. Wallets like the Ledger Nano S or Trezor boast security that would allow the device to be plugged into virtually any system without risking compromising a user’s private keys or other sensitive information — which could result in stolen funds. Private keys are stored on the device itself, so it is not necessary to put your trust into the security of a personal computer. In the case of physical theft, a pin or another method of user-chosen security is often required to access the device. This slows down the thief while you grab your replacement hardware wallet, enter your seed, and transfer the money out of your restored wallet.
Your not supposed to have funds, coins, or tokens on an exchange for longer than you need to trade them. Of course if you are looking to pick up an asset and you need to put some bids in then you are gonna need some funds on the website before hand. In this case it is okay to have funds on but again you generally don't want it there for a month but rather one week or so tops.
No matter what, even if you want to sell quickly for forks or not to miss out during the pump or so; do not ever leave your coins in an exchange site.
When your coins are gone, you know there is absolute no chance of getting them back.
It is better to miss some or few gains than leaving your coins to be stolen by people whom didn't contribute anything in acquiring them. Its quite a painful experience.
When your coins are gone, you know there is absolute no chance of getting them back.
It is better to miss some or few gains than leaving your coins to be stolen by people whom didn't contribute anything in acquiring them. Its quite a painful experience.
The veteran people on crypto tend to say that you should keep your coins in your wallet, never on exchages. However if there is a strong downwards movement on a coin and you want to sell to buy latter at a cheaper price it may take quite a bit of time and fees to move it. What is the right strategy?
Case to case basis for me since I do hold off on those coins which do have potential to rise up on future which I don't really tend to make trades no matter what this is why I do separate them. There are coins which are really tend for long term which is kept on those wallet and there are coins which I do trade actively which are being mostly placed on exchanges for fast access and possible decision making.
As a newbie using MEW for the first time it's quite terrifying the prospect of keeping my keys safe with all that warnings in red on top of the website. It felt safer to leave coin on exchange lock it away using 2fa for security, it was working for me until some exchanges starts delaying withdrawals boiling down to scams. It's best to hold your coins in wallet.
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