Topic: Hold your keys vs money on exchanges - page 3. (Read 476 times)
For long term only cold storage, becasue any exchange can be hacked or scammed. Use exchange wallet only for trading or short term holding.
if I prefer in the market just because things like that, too, rather than losing a good moment when prices suddenly rise only in a short time. especially now in our wallets more vulnerable with the robbers robbers wallets who have no mercy
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.
But for short-term trading, you must save your coin in an exchange wallet to sell it in the right pumping time.
As for me, I hold a part of my coins on the Ledger and another part on the exchanges.
So I can sell quickly if I need to sell some coin, while the other part is for a long term holding.
Which part is bigger depends on my plans for each coin. Some coins I hold exclusively on the exchange, if I hold that coin for a short period.
As a rule, in a long period of time the raise of price much bigger than fees for transfer some coin, so it's not so important for me.
So I can sell quickly if I need to sell some coin, while the other part is for a long term holding.
Which part is bigger depends on my plans for each coin. Some coins I hold exclusively on the exchange, if I hold that coin for a short period.
As a rule, in a long period of time the raise of price much bigger than fees for transfer some coin, so it's not so important for me.
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?
Jump to: