Topic: Is it safe to leave Altcoin in Exchange - page 12. (Read 1213 times)
If you trade every day, then there is no choice( you have to keep coins on the exchange. But if you plan to keep some coins as a long-term investment, of course it would be better to use a wallet with a private key access. Because if something happens with an exchange you will loose all your money. If you plan to use a wallet, be careful and don`t loose your private key because it will be impossible to restore it
I invested 10 ETH on the stock exchange YoBit. There is 0.1% each day. Income is not very big, but it is better than they would lie dead weight in your wallet. (I do not like to trade)
0.1% is very good interest , its 35% a year...
I invested 10 ETH on the stock exchange YoBit. There is 0.1% each day. Income is not very big, but it is better than they would lie dead weight in your wallet. (I do not like to trade)
Is there any wallet that support diff altcoins? i know nano s ledger
here are the list of altcoin i have
can someone recommend me best way to store it?
ICX
AST
REQ
ARN
OMG
XRB
XSPEC
ELIX
EOS
ONION
thanks
here are the list of altcoin i have
can someone recommend me best way to store it?
ICX
AST
REQ
ARN
OMG
XRB
XSPEC
ELIX
EOS
ONION
thanks
Exchanges will always be a risk, as everyone has said above. Unless you are actively trading in and out of positions in coins, keep them offline.
Don’t even think that exchanges has the capability to hold your coins securely like wallets does because some of them don’t required much higher security for your accounts.. Private keys or hardware wallet are the true storage wallet for any crypto coin.. Don’t take the risk and transfer only what you want to trade or idle only for a day or two and not more than that..
I have asked a similar question and just as most persons here have said, never store your assets on exchange. It is 100% unsafe.
If you are thinking of HODLing your coins, keep it on a cold storage it's the most safe way to do it rather than putting your alts in an exchange.
Hi,
I want to earn interest on my coins (BTC,ETH,LTC) therefore I prefer to leave these in Exchange for funding purpose, however I have No plan to sell or exchange with other coin in near future.
I always keep my withdrawal blocked by changing password every 5th day.
Is it 100% safe to keep crypto's in exchange like Bitfinex or others with withdrawal locked ?
Defenitely it is not safe bro.I want to earn interest on my coins (BTC,ETH,LTC) therefore I prefer to leave these in Exchange for funding purpose, however I have No plan to sell or exchange with other coin in near future.
I always keep my withdrawal blocked by changing password every 5th day.
Is it 100% safe to keep crypto's in exchange like Bitfinex or others with withdrawal locked ?
If you don't have plan of selling or trading them in near future then it is better to move an wallet with private key access then your coins will be safe forever until you want to access.
If you store in exchange's wallet there are many chances for shut down of your exchange at any time then you can't access your coins because yiu are not controlling the private keys.
Yes ofcourse its depends to the market if there security is good and have great security features to be safe and hard to hack their website.
Cryptocurrency exchanges cannot be fully trusted, you can transfer your coins into exchange but don't let it stay there for a long time because the main purpose if Cryptocurrency exchange is for trading or exchanging coins into another coins.
Don't let hackers and attackers take your valuable coins.
Hi,
I want to earn interest on my coins (BTC,ETH,LTC) therefore I prefer to leave these in Exchange for funding purpose, however I have No plan to sell or exchange with other coin in near future.
I always keep my withdrawal blocked by changing password every 5th day.
Is it 100% safe to keep crypto's in exchange like Bitfinex or others with withdrawal locked ?
it would not be safe to keep a coin on the exchange, because the risk is very high and vulnerable to fraud. coins will be safe if it remains our own that holds the coins and keeps in our trust wallet. I want to earn interest on my coins (BTC,ETH,LTC) therefore I prefer to leave these in Exchange for funding purpose, however I have No plan to sell or exchange with other coin in near future.
I always keep my withdrawal blocked by changing password every 5th day.
Is it 100% safe to keep crypto's in exchange like Bitfinex or others with withdrawal locked ?
If you're holding huge amount of coin value on Cryptocurrency exchanges then it's better to pull them out into your secure wallet because if the exchange was hacked or attacked then you will possibly lost your coins. Bittrex.com was recently hacked and huge amount of Bitcoins are lost.
You'll better put your coins save than sorry.
You'll better put your coins save than sorry.
Yes ofcourse its depends to the market if there security is good and have great security features to be safe and hard to hack their website.
Save altcoin in exchange is not recommended, except kucoin exchanges. That exchanges share dividend for their coin holder. Save coin in ofline wallet is better than save it in online wallet because hackers can hack through internet connection.
Hi,
I want to earn interest on my coins (BTC,ETH,LTC) therefore I prefer to leave these in Exchange for funding purpose, however I have No plan to sell or exchange with other coin in near future.
I always keep my withdrawal blocked by changing password every 5th day.
Is it 100% safe to keep crypto's in exchange like Bitfinex or others with withdrawal locked ?
I want to earn interest on my coins (BTC,ETH,LTC) therefore I prefer to leave these in Exchange for funding purpose, however I have No plan to sell or exchange with other coin in near future.
I always keep my withdrawal blocked by changing password every 5th day.
Is it 100% safe to keep crypto's in exchange like Bitfinex or others with withdrawal locked ?
It is not safe to keep bitcoin or any altcoin on exchange because you're not the genuine owner of the coins since you're not the private keys holder. However, if the exchange got hacked you loose your coin and I will advice you to get a wallet that support varieties of altcoin.
I think leaving assets in the stock is a high risk, because every second is always moving.
If for me better keep the assets into hardware to be more secure, because we will use it in the long run
If for me better keep the assets into hardware to be more secure, because we will use it in the long run
You have no plans to sell your altcoins. It's best if you just put it in the hardware wallet. Because it is safer and you are sure it will be preserved by any person. Just keep in touch with your private key. Because the private key is the only way to open your wallet.
It's not 100% safe as there are always risk of your account get blocked by the exchange. There's case where exchange got hacked in the past and people lost money. The longest I've ever left my coin on the exchange is about 1 week. It's not recommended to leave your money at exchange especially if the amount is big because it's not that safe.
Since you're planning it for long-term investment, I would not recommended it. It's better you saving it on coinomi wallet mobile or using ledger.
Exchanges are usually using for doing trading, means you need to be active checking your account often. For notes, there are many bad experiences in past when exchanges got being hacked or compromised, so you can't access your account on it.
Exchanges are usually using for doing trading, means you need to be active checking your account often. For notes, there are many bad experiences in past when exchanges got being hacked or compromised, so you can't access your account on it.
In general, you don't need to change the password frequently, so long as you set Google secondary authentication and a more complex password, don't use a public VPN, there will be no big problems.
Unless there is a massive theft on the exchange.
Unless there is a massive theft on the exchange.
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