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?
I think you need to plan ahead on when you will sell your coins. The transaction fees is not that high enough as compare to your amounts of your coins that might get loss at the exchanges. If you're a long term investor then you don't have problem about keeping your coins at your wallet. 
Topic: Hold your keys vs money on exchanges - page 2. (Read 445 times)
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.
It depends a lot on your personal goal for every each coin/token that you possess. You're asking about shorting, in a way. Well, If you want to short, keep them in exchanges. This way you can have a sell order on a certain value hoping that the price will fall after that sell. In a similar case as it was this one lately, you will not know that everything will be red and and so for not being all the time in front of the computer checking the prices, I recommend to set a sell order on a certain "-" value and also an alert (Blockfolio) to be informed about it.
For long term hodls, cold storage is the best.
For long term hodls, cold storage is the best.
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.
You can guess that there really is only one answer from most responses here. Only you are responsible for your own money (that's the whole idea of Bitcoin and crypto anyway). Just I would like to add here, that simply holding your keys isn't enough. Practice responsible security online at all times. Practice careful methods, not convenient ones. Change passwords, do regular cleaning and checking up on your devices. This is money we're talking about, not just some key to an email.
It doesn't take time to move to external exchanges unless there is network congestion. Also why it's Advisable to keep in wallet is this: when there is downtrend, you won't be forced to sell at loss out of emotion. So it's Advisable to keep in wallet if they are your long term coins. If they are not, you can keep in exchange.
What you're not saying is complete. The full recommendation is, not to hold or store your funds on anything but your own fully controlled wallet. Of course if you're using those funds for trading or investment, then you've no choice. But now with decentralized exchanges you can soon still easily trade from your wallet. Waves DEX is one such example.
Besides, transferring a coin to an exchange takes minutes. No fuss.
This is the advantage on using up DEX where you do really have the full control of your account since you jut need to input keys without the involvement of the site itself.Unlike on common exchangers where you wont really hold up the private keys of your own wallet.If we do make trading then its normal we do store up coins on an exchange but please always bear in mind that dont hold big amounts and as possible you should gradual take out those funds or coins if arent needed to be traded. Besides, transferring a coin to an exchange takes minutes. No fuss.
A cold wallet is used to store coins for a long time. For the trade use only part of the money. As rules they are stored on the exchange.
I believe that coins,which you trade at the moment should remain on the exchanges,it is much more convenient and cheaper for you.
What you're not saying is complete. The full recommendation is, not to hold or store your funds on anything but your own fully controlled wallet. Of course if you're using those funds for trading or investment, then you've no choice. But now with decentralized exchanges you can soon still easily trade from your wallet. Waves DEX is one such example.
Besides, transferring a coin to an exchange takes minutes. No fuss.
Besides, transferring a coin to an exchange takes minutes. No fuss.
I believe that you only need to keep coins on your wallet. The exchange can be hacked and you lose everything without a return
I choose to wait to get pendapatab more than the sale of my coins, I will exchange to the market if the price is high. and if there is a fee for the market it's a small thing, only a small tax in the market we pay
for me to keep a coin in my wallet is the best way to save my money, but I also keep some of my money in exchange because sometimes I also do short-term trading.
It's fine to store a little bit of your fund in exchanges but don't put too much with it and just play safe with your money in there.
That's how you solve this.
You have to set an amount on how much you will allocate for long term holding and for the amount you'll store on exchange.
That's how you solve this.
you want to sell to buy latter at a cheaper price it may take quite a bit of time and fees to move it.
You have to set an amount on how much you will allocate for long term holding and for the amount you'll store on 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?
I never hold more than 200$ on exchanges. because i cannot trust them. we remember what happened for MTgox and other exchanges. so advise you trade in long time frame and withdraw your money from exchanges.
Do the forum moderator intentional permit the posters above me to spam this forum. It's annoying, they way these two posters keep on posting the same post many times. Moderators, please look into this.
OP, to your question; it depends on the coin. Some coins are worth keeping for the long term, while others are worth keeping for short term. For the long term coin, leave them in a secured wallet but for the short term coin, trade them in an exchange
OP, to your question; it depends on the coin. Some coins are worth keeping for the long term, while others are worth keeping for short term. For the long term coin, leave them in a secured wallet but for the short term coin, trade them in an exchange
Why keep money in your wallet? Money should work and make a profit. The exception - those altcoins that have not yet been placed on major exchanges.
You can keep some of your coins. The smaller part, it is dangerous to keep coins on exchanges. But some altcoins don't have their own wallets. And you have to be on the exchanges. The best method to store on the stock exchange 10 20 % of all coins
I apologize, if I understand correctly, do you want to say 10-20% keep on the exchange, and the remaining 80-90% on the wallet?
You can keep some of your coins. The smaller part, it is dangerous to keep coins on exchanges. But some altcoins don't have their own wallets. And you have to be on the exchanges. The best method to store on the stock exchange 10 20 % of all 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?
This is the big problem of centralised exchanges, where you cannot control your portfolio with individual private keys. I think that the best way would be using a decentralised exchange which, although the volumes are a fraction of big exchanges, give you the peace of mind of a safe possession of your coins. A pro: spreads are much greater and trading can be more lucrative!
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