Topic: Hold your keys vs money on exchanges (Read 429 times)
I keep the currency on my wallet only that I do not plan to sell. If the market is bullish on currency, then you have to keep it 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?
They think so, because in 2016-2017 many exchange was hacked.
But
If you want hold - you don't need exchange. Hold on exchange is bad thing.
If you want trade in short term, you want legit exchange. And now is a lot of great exchange's.
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?
saving a coin in a personal wallet is a safe place to exchange, but I usually do this when I intend to keep my token in the long run and ignore the pump and dump. but if I intend to short term then the exchange will probably be an option. 
This is the cock-a-hoop quandary of centralized barter, where you cannot control your portfolio with black concealed keys.
If you are looking for long term investment better send your coins to concerned wallets in order to protect them but if you are short term trader better keep all security measures in the exchange. Private keys are best because it will be in our control to protect them.
Long time or instantly keep the fund on private key secured wallets mate. Here and there people are looking to make profit with trading. So you are professional trader that time you can invest your trading and keep fund over there mate.
If you are doing trading all the time also you should check with the wallet every time and take the fund from it occasionally.
If you are looking for long term investment better send your coins to concerned wallets in order to protect them but if you are short term trader better keep all security measures in the exchange. Private keys are best because it will be in our control to protect them.
For long-term holding, you should choose to hold your coins in an offline wallet. It's much safer than exchange wallet.
But for short-term trading, you must save your coin in an exchange wallet to sell it in the right pumping time.
yes I agree with you, I often do that, I never get caught in an exchange wallet when I want to invest long-term, and it is very detrimental. But for short-term trading, you must save your coin in an exchange wallet to sell it in the right pumping time.
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?
if trading iam use wallet not exchanger
trading only short time, so in exchanger hold never long time
I agree that it's better when you have full control on your tokens. But if you trade actively, then it is not too convenient to keep all the tokens because you will always deposit and withdraw it. But if you prefer long term hodl, then of course keeping your money on the wallet looks better.
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?
They mean don't use exchange as your primary wallet or don't keep all your money for a long time on exchange, that's it.If you are a daily trader you might store your coins out there and It's risky but there is no other way, the point is cashout your money immediately from there when you stop doing trading, don't put your money on something where you can't control the private key.
First of all make 110% sure you are using a renowned exchange thats of course legit and wont screw you over. If you are watching the market and know you will be buying or seeling inn any moment, id advise to keep just enough in your exchange account in the case of buying since you should have a clearer idea about how much you wish to buy vs what you might want to sell. Keep moving what you wish to hold long term from exchange to wallet(preferably offline hardware wallets or similar since they are safest) and thats that! Its really up to you, hut i personally would not trust anyone with my crypto investment or money for too long or if we are talking huge amounts. Hope this helps 
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 doubt that time is of essence when there is need to make some decisions concerning the holding of stocks just like bitcoin increase in price from $8000+ to $8100 within the hour but that does not justify keeping all your funds in exchange sites. What is being suggested is that keep only the amount you will need on exchange sites in case if anything should happen, you have something to fall back on. And today there is less traffic on the network meaning the time lost can still be minimal in transferring from the wallet to exchange sites.
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 fee is always included when you are into crypto currency. You just need to keep your coin in your own wallet for a security reason, exchange is vulnerable in hacking thats why beterans dont want you to do that. Just send the amount you want to sell in time you need it in exchange thats the best strategy you should do. before you stored it in exchange always remember what happen in mt.goax.
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 right strategy is really dependent on what your expectations really are, if you are a long term holder you are not going to sell your coins just because the price is going down, so you do not need your coins in an exchange and so it is better to keep your coins in your wallet, but if you like to try to take advantage of the price movements you need to keep your coins in an exchange so you reduce your fees and you can take advantage of the price movements.
i think there is not any issue for holding funds on exchange just dont hold it for long time, just to buy and sell and transfer to the wallet. dont make the exchage your permanent holding place
я дepжy чacть мoиx мoнeт нa биpжax.!!!!Иcпoльзyйтe биpжeвoй кoшeлeк!Bы нe мoжeтe кoнтpoлиpoвaть cвoй пopтфeль c пoмoщью oтдeльныx зaкpытыx ключeй.жeлaтeльнo дepжaть в кoшeлькe, ecли oни являютcя вaшими дoлгocpoчными мoнeтaми. Ecли этo нe тaк, вы мoжeтe дepжaть в oбмeн.
Short term is always risky, so you need to hold them in your own wallet instead of storing them in the exchanges.
You don't understand the concern of the OP, he knows that keeping your coins on exchanges are at risk and keeping on your wallet with your private key is the best.Nevertheless, he wants to trade and he don't want to experience the hassle of sending it again and again as he also wants to avoid some fees. Keep 10%-20% of your coins on exchange that you'll use for trading and the rest on your wallet.
it depends on types of trading that you will choose. if short term trading so you should put your coin in exchange. yet, you can save it in your wallet if you do long term trading. holding the keys is not enough.
Short term is always risky, so you need to hold them in your own wallet instead of storing them in the exchanges. Even though we don't store them in the exchanges we have to keep our keys in a safe place to protect our personal information from the hackers.
Afraid of wolves in the woods not to go. In order not to be afraid of hackers you need to have several wallets, several accounts on the exchanges. In this case, your funds are more likely to be saved.
Keep half on the stock exchange, half on the wallet. The speed of the transaction depends on the Commission you set and the speed of the exchange. If the exchange is good, the transaction speed is good. Don't worry about it.
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 doubt that time is of essence when there is need to make some decisions concerning the holding of stocks just like bitcoin increase in price from $8000+ to $8100 within the hour but that does not justify keeping all your funds in exchange sites. What is being suggested is that keep only the amount you will need on exchange sites in case if anything should happen, you have something to fall back on. And today there is less traffic on the network meaning the time lost can still be minimal in transferring from the wallet to exchange sites.
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