Holding coins - page 13. | Bitcointalksearch.org

Klausi

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Quote from: Nonie on December 19, 2018, 01:06:10 PM

all have the risk of hackers I prefer the market because I think market security is better than an ordinary wallet. but my friend said ledger is the best wallet if you want to save your coins

Yes you're right that ledger is the best but actually it's not actually best in general, because I can see it's one of them. There's a lot of wallet to prefer of and I couldn't make that final conclusion at all. The preference of every people who been using such wallet for the safety of their holdings depends on how they manage it, without any fear of being hacked. Mew is just enough for me as safe storage as long as I got my private key at safezone.

thinkright

copper member

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I have been using mobile wallets for sometime now I have not faced any problems. It's all about due diligence and being vigilant. However, there are other safer and better alternative for storing your digital assets

Willitivity

sr. member

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My approach to storage and medium for holding depends on my plans at the moment. If am actively trading a coin frequently then I will leave it in the exchanges for that period of time rather than moving it to and fro. But for long term keep, I prefer private wallet that I control the keys.

Nonie

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all have the risk of hackers I prefer the market because I think market security is better than an ordinary wallet. but my friend said ledger is the best wallet if you want to save your coins

Sinone

member

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I love to store my coins in hardware wallet which is the best way to store coins safely. Personally, I do not feel safe in a web-based wallet even don't like to exchange rather than hold my coins. To control my private keys hardware wallet is the best and very safe what I believe.

proTECH77

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Quote from: faceoff97 on December 18, 2018, 10:23:51 AM

Coins should always be considered in a safe storage, there are lot of wallets and platform that could be used to hold coins, both of this has good side and bad. Where will you choose to store or hold your coins, in a close source wallet (exchanges) or an open source wallet?

The above mentioned storage are good for one to store his/her coins but how safe are they to cryptocurrency. I have always wanted my coins be stored in an open source were i personally double checked the codes used to create the wallet before store my valuable coins. Open source wallet are still the best apart from hardware storage devices, the open source are not prune to hackers so easily unlike in the case of close source wallet and exchanges which are be hacked on daily basis.

sarmrakib

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I am still holding my coin on open source .I never been hacked .I keep safe my privet key and also email .I know its not secure enough .I have heard that ledger nano are so safe .I will hold my coins there . I am still learning on it.

cokroalif

member

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I would suggest using a wallet that has a private key, not an email address or password that can be guessed and plowed. hardware one of them, trezor and ledger nano.

cjie

jr. member

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Quote from: faceoff97 on December 18, 2018, 10:23:51 AM

Coins should always be considered in a safe storage, there are lot of wallets and platform that could be used to hold coins, both of this has good side and bad. Where will you choose to store or hold your coins, in a close source wallet (exchanges) or an open source wallet?

There are a lot of exchanges now that are making Hodling be easy for holders. They are decentralized exchanges, you don't have to deposit your coins or tokens into their platform before you can trade. Exchanges like; IDEX, Etherdelta,Stellar Dex, Bitsquare, Aphelion, BarterDex, Radar Relay, OasisDEX, CryptoBridge, OpenLedger, Waves Dex and even Binance has recently switched its platform to decentralized exchanges. With decentralizes exchanges, the rate of losing coins or tokens by holders will be reduced drastically.

IDEX is the common decentralized exchange that lets you trade ERC-20 tokens with ease. It is the best alternative that you can get for EtherDelta and is way better and user-friendly than ED. It is top decentralized exchanges by volume.

IDEX can also be used with MetMask or Ledger Nano S-like wallets to further strengthen your security while using the exchange platform.

MFahad

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Quote from: faceoff97 on December 18, 2018, 10:23:51 AM

Coins should always be considered in a safe storage, there are lot of wallets and platform that could be used to hold coins, both of this has good side and bad. Where will you choose to store or hold your coins, in a close source wallet (exchanges) or an open source wallet?

If you have many coins then it is better to store it in hardware wallet but if the quantity of the coins is less then there is no need to buy the hardware wallet. You can also store your coins in different wallet so if any wallet is hacked, you still don't lose all of your money.

joeperry

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Probably a hardware wallet is the best choice or if you can't afford you can just put it on a paper wallet which where your private key is indicated and printed on a piece of paper and you can store that paper wallet to your closet, secret storage or to put it in a vault in order not to get wet or be burned by a fire.

And I would suggest that we should not put our coins on an exchange for a long time since we are not sure how safe the cold storage of their website because once it was hacked our currencies will be at risk.

Matthewmorris4

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Quote from: faceoff97 on December 18, 2018, 10:23:51 AM

Coins should always be considered in a safe storage, there are lot of wallets and platform that could be used to hold coins, both of this has good side and bad. Where will you choose to store or hold your coins, in a close source wallet (exchanges) or an open source wallet?

in my opinion, the safest wallet is hardware wallet, although we often assume that the wallet hardware usage is difficult, but if we are used to it, then it is not a problem. But indeed wallet hardware like Trezor and the like are suitable for use for bagholders because they are only rarely used daily

mk4

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Quote from: Biscutard on December 18, 2018, 05:52:14 PM

Most of these days you can't rely on any exchanges to hold the amount of your coins in them because most of them are not secure when someone tries to hack their exchanges or they may make an exit scam then you probably lost your coins. A better and secure way is to put it on a hardware wallet where you are the only one who can open it.

Not only "these days", exchanges we're always a hot target for hackers ever since the first exchanges we're made. Ever since MtGox and Bitfinex got hacked in the past(MtGox in 2014, Bitfinex in 2016), I always thought people would have already learned to not leave funds on exchanges(excluding daytraders). But it looks like that this is still not the case.

Shagufta3

jr. member

Activity: 57

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There are so many cases have been happening of hacking exchanges, so why would anybody prefer to keep coins on exchanges. Most people keep coins on the exchange when they have to trade or amount of coins is very less. Hardware wallets and paper wallets are always better to keep safe your coins than an exchange.

Coyster

legendary

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90% would definitely go for a hardware wallet,and I'm also included,as it's the safest means to store your coins
Storing your coins in an exchange in just like inviting trouble for yourself,and you could regret it in the long run in case of any major hacks

As far as I know and I've experienced,a hardware wallet would protect your investment solidly

mirakal

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Quote from: Biscutard on December 18, 2018, 05:52:14 PM

Most of these days you can't rely on any exchanges to hold the amount of your coins in them because most of them are not secure when someone tries to hack their exchanges or they may make an exit scam then you probably lost your coins. A better and secure way is to put it on a hardware wallet where you are the only one who can open it.

We never know what will happen in the future, if we choose to store our coins in a certain exchange because we think the amount is just small and we can afford a loss if ever it will get hack, but crypto is bound for greatness (my opinion) and a small value now might be very valuable in the future.

At an early stage of our journey in investing, we should be focusing in learning ways to secure our assets also as it's a necessary thing.

Kemarit

legendary

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Quote from: faceoff97 on December 18, 2018, 10:23:51 AM

Coins should always be considered in a safe storage, there are lot of wallets and platform that could be used to hold coins, both of this has good side and bad. Where will you choose to store or hold your coins, in a close source wallet (exchanges) or an open source wallet?

It amuses me that as a Full Member you still have put the options to secure your coins in a exchanges because we all know that it is not safe. Of course the best option is to hold your coins, specially huge amount to a hardware wallet, or any other wallets that you hold the private key. Here is a link: (https://bitcoin.org/en/choose-your-wallet) to better understand wallets and choose what fits your needs.

Biscutard

full member

Activity: 759

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Most of these days you can't rely on any exchanges to hold the amount of your coins in them because most of them are not secure when someone tries to hack their exchanges or they may make an exit scam then you probably lost your coins. A better and secure way is to put it on a hardware wallet where you are the only one who can open it.

mwaqar17

member

Activity: 462

Merit: 14

My preference will be open source wallet, in case of exchanges there are more chances that our account may get hacked or exchange may disappear, So personal account is best option. If you have only one or two investments then you can choose exchange or if you want to sale at margin/near future. Exchange is best for frequent traders.

Adriano2010

hero member

Activity: 1414

Merit: 516

I also preffer hold my coins in hardware wallets, and not exchange, at least i preffer to hold my coins on wallets where i own the coins, i also for safety not recommend web wallets which can be hacked, attacked or owners run away with coins.

Topic: Holding coins - page 13. (Read 2372 times)