Topic: Hold your keys vs money on exchanges (Read 462 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
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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.
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. 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!
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?
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