Holding coins - page 8. | Bitcointalksearch.org

The Cryptologist

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Quote from: faceoff97 on December 18, 2018, 11:23:51 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?

You need to really have a huge amount of time if you are going to store your coins in a specific wallet because it always needs to be updated in the latest block. For me, I store them in a reputable exchanges and I was suprised that a not so famous one like Cryptopia are not hacked so I think we should really blame the devs whenever they get hacked on their exchange.

Life_time_student

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Quote from: faceoff97 on December 18, 2018, 11:23:51 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?

Ledger Nano S is a USB sized cryptocurrency hardware wallet which is best for Ethereum transactions. It is multi-asset hardware which looks like a folding flash drive. The best part is that it can store Bitcoins, Ethereum, Ethereum tokens and more than 30 other digital currencies. It works like a USB device, which when connected to the device needs the device to confirm transactions.

begau

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Quote from: faceoff97 on December 18, 2018, 11:23:51 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?

Depending on the preferences of each person they choose to keep the coins. I usually keep the coins that I trade regularly on Exchanges sites. Because it is very convenient for everyday buying and selling. The coins I hold long-term I keep in Myetherwallet wallet.

Rebisco

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Quote from: bering on January 07, 2019, 02:51:35 AM

I still believe in online wallet and exchange wallet and luckly i was never got hack during use them and my funds were safe indeed i do realize using online wallet is very risky especially for long term saving but for me all of current online wallet already have high of securities system and got hack or not depend on our habit when we use that

Your experience proved that we should always find a trusted wallet that we can ensure that our cryptocurrencies are safe. There are now many exchanges that are been hacked because of low security.

bering

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I still believe in online wallet and exchange wallet and luckly i was never got hack during use them and my funds were safe indeed i do realize using online wallet is very risky especially for long term saving but for me all of current online wallet already have high of securities system and got hack or not depend on our habit when we use that

Initscri

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Anything over $20 goes directly into cold storage. Sometimes I change this amount, but it's always a low amount. I'm not risking losing anything more than $100 USD; as such, not really considered closed or open source.

For the wallets I do use, I use only open source wallets. I wouldn't trust anything in Bitcoin that isn't open source TBH. Other software vendors in other industries may be able to get away with it, but with BTC (or other cryptos) the risk is just too real.

stadus

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Quote from: WatchMaker on January 06, 2019, 07:23:44 PM

Quote from: faceoff97 on December 18, 2018, 11:23:51 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?

When it comes to holding your coins never trust anything online because anything can happen whether exit scam or hacking issues. I suggest you should try storing your coins on hardware wallet such as Ledger wallet, Trezor wallet, or Keepkey wallet. Never trust exchanges because anything can happen over a night.

That's the thing we should put in mind, we have to store our precious coins offline, to ensure that it'll be safe from hacking.
I know there are some offline hardware where you can buy, just spend a little amount to protect your money, so you'll be confident that it's all safe than regret later. Hacking is popular in crypto, fight this by being safe all the time, do this so you can really hold for long term.

tothanhtuan

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I would suggest using a nano ledger.
Keep note of public addresses and you can track your wallets on the respective block chains. For instance, to check erc20 tokens, go to etherscan and put your public address in search field

kotajikikox

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When it comes to holding your coins never trust anything online because anything can happen whether exit scam or hacking issues. I suggest you should try storing your coins on hardware wallet such as Ledger wallet, Trezor wallet, or Keepkey wallet. Never trust exchanges because anything can happen over a night.
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Quote from: faceoff97 on December 18, 2018, 11:23:51 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?

that's truly correct mate but i remind those people using want to use hardware wallet or trezor wallet make sure they keep their key at most safety to make not to lose because their can'y retrieve the key to open your hardware wallet.

WatchMaker

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Quote from: faceoff97 on December 18, 2018, 11:23:51 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?

When it comes to holding your coins never trust anything online because anything can happen whether exit scam or hacking issues. I suggest you should try storing your coins on hardware wallet such as Ledger wallet, Trezor wallet, or Keepkey wallet. Never trust exchanges because anything can happen over a night.

princerepon

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Quote from: faceoff97 on December 18, 2018, 11:23:51 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 personal wallet is the best option for holding coin. exchange is not a good option for holding coins or tokens. because you don't know about owner and if somehow they dilist the coin from there exchange it'll be gone (sometimes). but personal wallet it just use by only you. that's why i prefer personal wallet.

Hannahanto

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Holding coins is the best option right now, because current market is not good to sell. Now the market is not good to sell just hold and wait with patience. Once the market is back at that time you can sell and earn good profit. Don't worry about current situation just hold till the market returns.

Pagoda.to

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If you are hodling def first keep the majority in cold storage, maybe if you want to play around with trading keep a small amount on an exchange like binance but nothing crazy that will hurt you if you make bad trades.

UmerIdrees

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Quote from: kamudd on January 06, 2019, 04:36:26 AM

although many people who say that storing our coins in exchange is risky, I keep them in exchange for reasons that can be easier to trade.

You can keep the coins in exchange but keep them in good exchanges like Binance or bittrex. It is risky to store the coins in small exchanges as they can scam anytime and one may lose his money. Also if you have good amount of btc it is advisable to store only the amount of btc in exchanges with which you wana buy altcoins and keep the rest of btc in your hardware wallet or cold storage.

nicolas1979

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Quote from: faceoff97 on December 18, 2018, 11:23:51 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?

Many people already discuss this and they have different opinion but most of them like with MEW and never safe their asset into exchange or external wallet. Every wallet have different system and performance but same purposes, all you need to do is just try. Keep safe your wallet by never share device or network, never click any suspicious link and always pray for the best.

whirlcoin

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Quote from: EdenHazard on January 06, 2019, 08:09:53 AM

Quote from: kamudd on January 06, 2019, 04:36:26 AM

although many people who say that storing our coins in exchange is risky, I keep them in exchange for reasons that can be easier to trade.

Maybe what was meant by the OP is for investment not for trading. Yeah it's very funny when you trade but you store it in the hardware wallet, this doesn't make sense.

Unless, You choose for long term investment then the best place to store your coins is the hardware wallet. Even though there are only a few exchanges that are hacked but a wary when you intend to investing is very important, you won't know what will happen afterwards.

If you are not using the best currency then folding will be definitely waste of time and waste of work so choosing the right currency is always very important when entering to trading this will be recommended by lots of people to do this lots of mistakes like this so don't make this mistake again.

EdenHazard

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Quote from: kamudd on January 06, 2019, 04:36:26 AM

although many people who say that storing our coins in exchange is risky, I keep them in exchange for reasons that can be easier to trade.

Maybe what was meant by the OP is for investment not for trading. Yeah it's very funny when you trade but you store it in the hardware wallet, this doesn't make sense.

Unless, You choose for long term investment then the best place to store your coins is the hardware wallet. Even though there are only a few exchanges that are hacked but a wary when you intend to investing is very important, you won't know what will happen afterwards.

hermankoles

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I am a trader and keep crypto while in a wallet exchange like binance it is safe for me but if for a long-term investment, I will choose an offline wallet that has proven security. because wallet security is the most important thing in crypto

mersal

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Quote from: kamudd on January 06, 2019, 04:36:26 AM

although many people who say that storing our coins in exchange is risky, I keep them in exchange for reasons that can be easier to trade.

Holding coins is very easy but when we are selling that it will be very difficulties to us because we are not holding the better one this will the reason lots of people made last in their life and hold the better one it will be the right way.

kamudd

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Bcnex - The Ultimate Blockchain Trading Platform

although many people who say that storing our coins in exchange is risky, I keep them in exchange for reasons that can be easier to trade.

Topic: Holding coins - page 8. (Read 2353 times)