Holding coins - page 2. | Bitcointalksearch.org

faceoff97

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Quote from: Coin-Desk on March 02, 2019, 02:40:10 AM

I keep all my cryptocurrency deposited in a desktop wallet. Because I do not believe in an online wallet. Because the online wallet server may be down at any time. So if the online wallet server is down during the time of need, then I can not lift my cryptocurrency. And the online wallet's website can be closed at any time.

Then lose all cryptocurrency. Again the online wallet is blocked. Then there is a lot of trouble. So I think the online wallet is not good for the cryptocurrency. The best desktop wallet has to keep corruption and not get any trouble, but there are many benefits. Anytime, desktop wallet corruption can be withdrawn.

Best regards,
Coin-Desk

There is hardware version of Hodler wallet. It has better feature than their free open source app available in desktop and Android. They developed a more secure wallet base on smartphone. You can read more about this wallet here, it's their pro version of their initial release: www hodler.tech/pro

Coin-Desk

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I keep all my cryptocurrency deposited in a desktop wallet. Because I do not believe in an online wallet. Because the online wallet server may be down at any time. So if the online wallet server is down during the time of need, then I can not lift my cryptocurrency. And the online wallet's website can be closed at any time.

Then lose all cryptocurrency. Again the online wallet is blocked. Then there is a lot of trouble. So I think the online wallet is not good for the cryptocurrency. The best desktop wallet has to keep corruption and not get any trouble, but there are many benefits. Anytime, desktop wallet corruption can be withdrawn.

Best regards,
Coin-Desk

LOLpenguin

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Activity: 51

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I like crypto podcasts...

Quote from: btcbob1 on February 20, 2019, 09:58:27 AM

Quote from: LOLpenguin on February 20, 2019, 09:54:39 AM

Exchanges are definitely not the best places to store your funds, especially if you are more of a long term holder. The number of news pieces talking about exchanges being hacked is getting ridiculous. Keep your crypto on secured devices like Ledger Nano or BitWings' Wings WX phone. You can never be too secure in the world of crypto.

Have heard about Ledger but what's the phone? sounds interesting

Here's a thread I found about them https://bitcointalksearch.org/topic/bitwings-reveals-the-first-ultra-secure-mining-smartphone-5110359

btcbob1

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Quote from: LOLpenguin on February 20, 2019, 09:54:39 AM

Exchanges are definitely not the best places to store your funds, especially if you are more of a long term holder. The number of news pieces talking about exchanges being hacked is getting ridiculous. Keep your crypto on secured devices like Ledger Nano or BitWings' Wings WX phone. You can never be too secure in the world of crypto.

Have heard about Ledger but what's the phone? sounds interesting

LOLpenguin

copper member

Activity: 51

Merit: 0

I like crypto podcasts...

Exchanges are definitely not the best places to store your funds, especially if you are more of a long term holder. The number of news pieces talking about exchanges being hacked is getting ridiculous. Keep your crypto on secured devices like Ledger Nano or BitWings' Wings WX phone. You can never be too secure in the world of crypto.

karungbitcoin

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Activity: 588

Merit: 100

All centralized exchange has possibility to get hacked so never hold coin for long times in centralized exchange, if we put any crypto on the centralized exchange is mean that crypto own by exchange and not us because we dont have the private key. In the beginning of this year Cryptopia get hacked and untill now they still offline. So its more safe to hold coin in personal wallet.

imstillthebest

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Quote from: conected on February 13, 2019, 07:22:47 AM

Quote from: ?? on ??

Quote from: Aris novianto on February 03, 2019, 02:48:01 PM

now I hold a BTC coin, I hold a BTC coin with a long term, if we use BTC investment in the long run it will definitely get a lot of profits, the coins I invest are BTC coins

Investment at Bitcoin is the best idea.but for holding BTC you need to spend a lot of money at once. I would say instead of holding bitcoin you can hold top-rated altcoin. because the altcoin pump can give you 5x more instead of bitcoin. I would say buy some waves,Stratis,ltc and eth. all of the coins have a great community and has huge demand.

- Exactly, wanting to hold bitcoin and achieve good returns, we will need a lot of money to accumulate when the price of bitcoin is quite high, and this condition is not easy for everyone, and instead of focusing on bitcoin, we can invest and hold as you say, choose potential altcoin and these are places that only need a reasonable amount of money, we can achieve a lot of profit, better than bitcoin. However, I want to remind that we should have clear strategies, always set stop loss, should not be too persistent with holding, this method has appeared a lot of risks since the price of bitcoin plummeted

holding bitcoin shouldnt be costy and wont require alot of money or capital because there are many known ways to earn a btc online expecially from this forum . there are bounties , airdrops , signature campaigns . earn directly in btc or on other cryptos which you can then also convert to btc . holding coins is the best way to overcome this crisis that we are facing these day's . just keep your trust and faith to btc guys and all be just fine soon .

avarnet

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Activity: 896

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Quote from: Aris novianto on February 03, 2019, 02:48:01 PM

now I hold a BTC coin, I hold a BTC coin with a long term, if we use BTC investment in the long run it will definitely get a lot of profits, the coins I invest are BTC coins

therefore from now on there are many people who hold bitcoin in the long run because he believes that someday he will get a big profit. because this year until the coming year bitcoin will definitely be better than last year

conected

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Activity: 1302

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Quote from: ?? on ??

Quote from: Aris novianto on February 03, 2019, 02:48:01 PM

now I hold a BTC coin, I hold a BTC coin with a long term, if we use BTC investment in the long run it will definitely get a lot of profits, the coins I invest are BTC coins

Investment at Bitcoin is the best idea.but for holding BTC you need to spend a lot of money at once. I would say instead of holding bitcoin you can hold top-rated altcoin. because the altcoin pump can give you 5x more instead of bitcoin. I would say buy some waves,Stratis,ltc and eth. all of the coins have a great community and has huge demand.

- Exactly, wanting to hold bitcoin and achieve good returns, we will need a lot of money to accumulate when the price of bitcoin is quite high, and this condition is not easy for everyone, and instead of focusing on bitcoin, we can invest and hold as you say, choose potential altcoin and these are places that only need a reasonable amount of money, we can achieve a lot of profit, better than bitcoin. However, I want to remind that we should have clear strategies, always set stop loss, should not be too persistent with holding, this method has appeared a lot of risks since the price of bitcoin plummeted

gaston castano

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Activity: 1526

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I don't think it's a problem to hold coins in the exchange market, they have a legal KYC system (up to tier3), but only for popular exchange markets. make sure the market is managed by those who have big names and have a customer service system that is not problematic, not a market that is only operated by 1-5 people without clear credibility.

faceoff97

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Activity: 644

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Quote from: Chachacoin17 on February 05, 2019, 09:51:40 PM

Quote from: Botnake on February 05, 2019, 09:41:24 PM

Quote from: Distinctin on February 05, 2019, 07:43:14 AM

Quote from: bitcoin31 on February 03, 2019, 09:06:15 AM

I have different kinds of wallet but I seperated wallet when I bought a coin I did not hold my coin to exchanges site wallet because we know that is prone of hacker. But it doesn't mean that I use mobile wallet it is safe but it is more safe compared to the exchanges wallet.

That is could be, a big chances of losing our coins when it stay for long in an exchanges,yet still we can't assured for it safety in a separate wallet but it could be better than of staying it there. I do hold with different wallet and I've never experience of losing it. Only provided that we have to take care of our keys.

Exchanges are already proven not a good place to keep your coins, even how big and reputable it is, they are still vulnerable to hack.
I would only keep my coins in exchange if they have insurance that would make our deposits safe, but so far, I haven't find a site that gives insurance.

That's right, we should not trust exchanges to keep our coins because there might be problems to occur specially during maintenance period it's more potential to be hacked by theives. Storing our coins safely at private wallets or harware wallets like ledger is a very secure idea in order to have full dominance of it. Don't let your assets be prone to online network breach, and possibly one day you will regret after choosing bad decisions.

Exchange is not meant to be storage of funds, it is supposed to be for trading. It's better to keep funds on hardware wallet or open source wallet. Since exchange is third trusted party, you don't have the full control of your funds, anytime they want they could do something with your funds. But if you have the private key in your hands, no one has the ability to take control over your assets.

Juse14

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Activity: 1106

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Duelbits

Just always reminds, holding on exchange its not a good choice we know thats your account but you not holding the key of your crypto. Personal wallet always a good option for holding in long term just instal it and backup the seed or wallet

faceoff97

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Activity: 644

Merit: 113

Quote from: drachman on February 05, 2019, 05:06:04 PM

Quote from: ethereumhunter on January 17, 2019, 09:10:00 PM

Quote from: drachman on January 17, 2019, 05:19:18 PM

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 like electrum and Hodler wallet?

The choice is easy get a hardware wallet, most hardware wallets now support many coins so it is likely your favourite projects are there or will be added shortly, but do not make the mistake of holding your coins in an exchange, there has been recently a hack to remind us that regardless of the security exchanges implement it will be impossible to secure them completely.

And for a hardware wallet, I prefer to use ledger s nano or ledger x nano (which already release). That wallet supports many coins even for erc20 tokens, so you don't have to be a worry if you want to move your tokens from mew to the hardware wallet. Like many other people, I still holding coins in my wallet, some in the exchange, some in the Android phone, some in the offline wallet and hardware wallet which support many coins.

As long as you know what you are doing you can reduce the risk of holding your coins but many newbies do not know how to do that so it is better for them to stick for alternatives that secure their coins the most until they learn how to do it by themselves, unfortunately many see the costs of hardware wallets and decide to not adopt them only to regret it later when they lose all their money to hackers.

When someone can't afford hardware wallet, it would be wise to choose an open source wallet like electrum when holding bitcoin or Hodler when choosing multiple coins. This way, user will be sure that that have the full control of their funds since private key is at their hand. Third trusted party makes investment more less secure since anytime they want they could take away the funds.

btc_angela

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Activity: 2660

Merit: 551

Quote from: Chachacoin17 on February 05, 2019, 09:51:40 PM

Quote from: Botnake on February 05, 2019, 09:41:24 PM

Quote from: Distinctin on February 05, 2019, 07:43:14 AM

Quote from: bitcoin31 on February 03, 2019, 09:06:15 AM

I have different kinds of wallet but I seperated wallet when I bought a coin I did not hold my coin to exchanges site wallet because we know that is prone of hacker. But it doesn't mean that I use mobile wallet it is safe but it is more safe compared to the exchanges wallet.

That is could be, a big chances of losing our coins when it stay for long in an exchanges,yet still we can't assured for it safety in a separate wallet but it could be better than of staying it there. I do hold with different wallet and I've never experience of losing it. Only provided that we have to take care of our keys.

Exchanges are already proven not a good place to keep your coins, even how big and reputable it is, they are still vulnerable to hack.
I would only keep my coins in exchange if they have insurance that would make our deposits safe, but so far, I haven't find a site that gives insurance.

That's right, we should not trust exchanges to keep our coins because there might be problems to occur specially during maintenance period it's more potential to be hacked by theives. Storing our coins safely at private wallets or harware wallets like ledger is a very secure idea in order to have full dominance of it. Don't let your assets be prone to online network breach, and possibly one day you will regret after choosing bad decisions.

Case in point, the recent Cryptopia hacked and then QuadrigaCX owner died without passing the keys to the exchanges wallet. It's so much convenience to us to keep all our coins secure in a out Wallet that we have total control and not trust exchanges, it's too much risk with so many potential points of vulnerabilities.

Chachacoin17

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Activity: 672

Merit: 250

Quote from: Botnake on February 05, 2019, 09:41:24 PM

Quote from: Distinctin on February 05, 2019, 07:43:14 AM

Quote from: bitcoin31 on February 03, 2019, 09:06:15 AM

I have different kinds of wallet but I seperated wallet when I bought a coin I did not hold my coin to exchanges site wallet because we know that is prone of hacker. But it doesn't mean that I use mobile wallet it is safe but it is more safe compared to the exchanges wallet.

That is could be, a big chances of losing our coins when it stay for long in an exchanges,yet still we can't assured for it safety in a separate wallet but it could be better than of staying it there. I do hold with different wallet and I've never experience of losing it. Only provided that we have to take care of our keys.

Exchanges are already proven not a good place to keep your coins, even how big and reputable it is, they are still vulnerable to hack.
I would only keep my coins in exchange if they have insurance that would make our deposits safe, but so far, I haven't find a site that gives insurance.

That's right, we should not trust exchanges to keep our coins because there might be problems to occur specially during maintenance period it's more potential to be hacked by theives. Storing our coins safely at private wallets or harware wallets like ledger is a very secure idea in order to have full dominance of it. Don't let your assets be prone to online network breach, and possibly one day you will regret after choosing bad decisions.

Botnake

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Activity: 2856

Merit: 667

Quote from: Distinctin on February 05, 2019, 07:43:14 AM

Quote from: bitcoin31 on February 03, 2019, 09:06:15 AM

I have different kinds of wallet but I seperated wallet when I bought a coin I did not hold my coin to exchanges site wallet because we know that is prone of hacker. But it doesn't mean that I use mobile wallet it is safe but it is more safe compared to the exchanges wallet.

That is could be, a big chances of losing our coins when it stay for long in an exchanges,yet still we can't assured for it safety in a separate wallet but it could be better than of staying it there. I do hold with different wallet and I've never experience of losing it. Only provided that we have to take care of our keys.

Exchanges are already proven not a good place to keep your coins, even how big and reputable it is, they are still vulnerable to hack.
I would only keep my coins in exchange if they have insurance that would make our deposits safe, but so far, I haven't find a site that gives insurance.

drachman

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Activity: 756

Merit: 252

Quote from: ethereumhunter on January 17, 2019, 09:10:00 PM

Quote from: drachman on January 17, 2019, 05:19:18 PM

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 like electrum and Hodler wallet?

The choice is easy get a hardware wallet, most hardware wallets now support many coins so it is likely your favourite projects are there or will be added shortly, but do not make the mistake of holding your coins in an exchange, there has been recently a hack to remind us that regardless of the security exchanges implement it will be impossible to secure them completely.

And for a hardware wallet, I prefer to use ledger s nano or ledger x nano (which already release). That wallet supports many coins even for erc20 tokens, so you don't have to be a worry if you want to move your tokens from mew to the hardware wallet. Like many other people, I still holding coins in my wallet, some in the exchange, some in the Android phone, some in the offline wallet and hardware wallet which support many coins.

As long as you know what you are doing you can reduce the risk of holding your coins but many newbies do not know how to do that so it is better for them to stick for alternatives that secure their coins the most until they learn how to do it by themselves, unfortunately many see the costs of hardware wallets and decide to not adopt them only to regret it later when they lose all their money to hackers.

Distinctin

hero member

Activity: 2926

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No dream is too big and no dreamer is too small

Quote from: bitcoin31 on February 03, 2019, 09:06:15 AM

I have different kinds of wallet but I seperated wallet when I bought a coin I did not hold my coin to exchanges site wallet because we know that is prone of hacker. But it doesn't mean that I use mobile wallet it is safe but it is more safe compared to the exchanges wallet.

That is could be, a big chances of losing our coins when it stay for long in an exchanges,yet still we can't assured for it safety in a separate wallet but it could be better than of staying it there. I do hold with different wallet and I've never experience of losing it. Only provided that we have to take care of our keys.

Caladonian

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Activity: 1302

Merit: 540

Quote from: Kahoy01 on February 05, 2019, 04:54:45 AM

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 like electrum and Hodler wallet?

Even the CEO of binance said that it is not good to store our coins in a exchange. The most preferable storage us still the cold storage for you ensure the safety of your cryptocurrencies.

No doubts that it is the safest that we can have, if we know how to secure it properly and we follow every precautions that can be done avoiding
hackers to penetrate with our wallets, we do need to make sure that we review and research what are those particular ways that hackers can
overtake your protections, needs to know every single details how to prevent that,.

Kahoy01

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Activity: 481

Merit: 100

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 like electrum and Hodler wallet?

Even the CEO of binance said that it is not good to store our coins in a exchange. The most preferable storage us still the cold storage for you ensure the safety of your cryptocurrencies.

Topic: Holding coins - page 2. (Read 2372 times)