Topic: Keep All Coins in Hardware Wallet vs Separating Some in Exchanges/Other Wallets (Read 858 times)
December 21, 2018, 09:47:22 AM
hello guys, i a newbie, so you can give me some experiences
November 08, 2018, 03:36:43 PM
its upto your choice but definately hardware wallet is best and also you can store your coins in multiple online wallet and exchange wallet.
November 08, 2018, 03:30:17 PM
How you keep your coins depends on you. Hardware wallet is the best option to avoid being hacked. On the other hand, if you trade cryptocurrency quite often, you will need to keep your coins on exchanges for a period of time. Make sure you do not leave your coins on the exchanges for long.
October 25, 2018, 11:55:56 PM
Putting all our coin in one place is very risky. Hard wallet is good and safe but if we lost it, its will be a problem. Better we store our coin in different place and keep our private key safe
Yes, that is what should be done by the people but there are times when some are just too lazy to separate their coins because it is bothersome for them to access different wallets so in the end they would regret not putting their coins in different wallets when their wallet is hacked.
We know that it is very risky to just put your coins in one wallet or exchange perhaps and if I have to choose between putting my coins in a hardware wallet or exchange then I would choose the previous one because it is much safer since I am the only one that has access to that wallet.
October 25, 2018, 11:48:02 PM
If you don’t trade on the stock exchange, then you should not keep your savings there. Any exchange with time may be subject to attack by hackers, its management may steal your funds, or you will lose access to your account. It is better to use your own separate hardware or software wallet for savings.
October 25, 2018, 09:20:20 PM
If you are a holder and no plans of spending or moving your Coins anywhere, its better to keep your Coins in a hardware wallet. But, if you are a trader or at least you plan to move your coins from time to time and exchange it to fiat, I would put that Coins in an exchange site that uses top of the line site security and offers 2FA. Moving your coins from hardware wallet to an exchange site sometimes are troublesome and may cost you money for the fees.
October 25, 2018, 09:13:26 PM
Putting all our coin in one place is very risky. Hard wallet is good and safe but if we lost it, its will be a problem. Better we store our coin in different place and keep our private key safe
Thats what you should do, do diversity so the risk is not too big. imagine if one wallet you have hacked with someone, of course all your money will be lost. so it's true to save in many places, some percent are held in wallet hardware, the rest is in some exchanges, I think that's a good idea.. 
October 25, 2018, 07:28:56 PM
keeping any coins on exchanges unless you are actively trading them is a terrible idea and should be avoided at all costs.
as for using multiple hardware wallets, i think it is an overkill. you only need one hardware wallet but you should learn how to use that one. learn things such as how to make a back up (write down your seed for instance) and keep your ear to the ground for finding out if there is a vulnerability in their hardware that is found.
but you can also use multiple methods. for example keeping the long term investment in a paper wallet that you don't touch and only keeping coins you want to spend (like altcoins you want to keep longer but you still want to be able to dump as fast as possible) in the hardware wallet.
Right mate ,never in my life that i consider leaving my coin#in any exchangers and even if i actively trading still i make sure that before i rest for my trading all my coins return to my wallet as for using multiple hardware wallets, i think it is an overkill. you only need one hardware wallet but you should learn how to use that one. learn things such as how to make a back up (write down your seed for instance) and keep your ear to the ground for finding out if there is a vulnerability in their hardware that is found.
but you can also use multiple methods. for example keeping the long term investment in a paper wallet that you don't touch and only keeping coins you want to spend (like altcoins you want to keep longer but you still want to be able to dump as fast as possible) in the hardware wallet.
Because we all know how the hackers targeting the exchaners and other platforms that has having cryptocurrency..so before this never consider putting your coins to this platforms for your own safety
October 25, 2018, 07:11:43 PM
Putting all our coin in one place is very risky. Hard wallet is good and safe but if we lost it, its will be a problem. Better we store our coin in different place and keep our private key safe
October 25, 2018, 06:44:33 PM
Hard wallet is an offline USB thumb drive that stores confidential information similar to a wallet and can be plugged into a computer when needed. With a wallet on the safety level because when you make a transaction, the wallet asks you to confirm the transaction by pressing a button on your device. One thing that hackers also have to bother. I am quite happy with it
October 25, 2018, 06:22:29 PM
If we talk about security, it is best suited hardware wallet. So your assets will definitely be safe. On the exchange, you can only hold funds if you are engaged in trading. It can be dangerous to leave them there for a long time.
October 25, 2018, 05:31:15 PM
Leaving your coins on the exchanges makes you vulnerable to attacks of the hackers. Hardware wallet is the best to secure your wallet. If you can't afford a hardware wallet, I suggest you you should use more than one wallet so that you won't lose all your coins at once if there is any attack.
October 25, 2018, 04:35:30 AM
For me, i prefer to using single wallet but very secure like hardwallet than using many exchange / other wallets.
Using wallet on the exchange will not make your coins more secure, there were some problems in several exchanges too.
Use hardwallet, but never expose it's key or seed, and buy it from the most reliable seller.
Using wallet on the exchange will not make your coins more secure, there were some problems in several exchanges too.
Use hardwallet, but never expose it's key or seed, and buy it from the most reliable seller.
October 24, 2018, 04:23:50 PM
You already answered your question. It is obviously depends if you are a trader or a holder. If you are a holder, the best thing to secure your coins is on hard wallets. If you are a trader, just store it on trusted exchange so that you can easily trade it when needed. Just make sure that you activate the highest security of your account such as 2FA.
Already, and 2FA does not always save, if the exchange is hacked, there could be no protection. Having a hardware wallet we protect ourselves very well. The main thing is not to lose a piece of paper from the Ledger with passphrases for recovery.2fa's , hardware wallets , strong passwords , etc all of them are the same . when i say the same id say all of them is still useless because no matter how you secure your wallet/account it can still be hacked and you cannot avoid it becuase hackers are verry smart . so overall , the best thing that we can do is to avoid putting huge amount of cash in your wallets/accounts online so that you can avoid unecessary problems that may occur on the future .
October 24, 2018, 01:40:51 PM
Yes, as we all know that crypto industry is all about self-responsibility and hence one should hold himself responsible for the consequences of occurring due to his actions. I am holding my most of the funds in hardware and paper wallets but at the same time, I keep some amount on exchanges and web wallet considering the requirement of liquidity (with the risk of losing entire funds kept online).
This is something many seem to struggle to understand, it seems people want to have all the rights that come from a completely free currency but they do not want any of the responsibilities and that is simply impossible, how many times we have seen in the forum cases of people that lost all their coins and then they ask how they can get them back as if they did not knew that once your coins are not in your wallet then you have no control over them and no one can do anything about it.When we take this into account then it is easy to see why a hardware wallet is the best way to store your coins, not only it makes it almost impossible to get hacked but you also get good functionality out of it.
October 24, 2018, 11:28:00 AM
yes, I agree with you, of course in crypto asset storage we have the safest thing is to use hardware, besides that one of the most important things is never to tell others about the private key that we have because it will causing hacking.
October 24, 2018, 10:27:45 AM
I think it really depends on your plan on crypto,
If you want to hold it for a very long time then keep it on your hardware wallet to be sure that it is properly secure .
But if you just want some quick profit then just go with the exchanges so you could easily sell your coins or token when you want to get your money back.
If you want to hold it for a very long time then keep it on your hardware wallet to be sure that it is properly secure .
But if you just want some quick profit then just go with the exchanges so you could easily sell your coins or token when you want to get your money back.
October 24, 2018, 08:50:57 AM
If you can afford to buy hardware wallet, then, I think it would be better if you store all your coins in it. When it comes to money, everyone changes. So for the safety of all your assets, I prefer hardware wallets. Better be safe than sorry.
October 24, 2018, 08:37:00 AM
I think it will be very necessary if your assets are numerous and will be very useful for the security of your wallet, because wallet security is the main priority for people who jump in the crypto world, so I really agree with this.
October 24, 2018, 07:39:05 AM
You already answered your question. It is obviously depends if you are a trader or a holder. If you are a holder, the best thing to secure your coins is on hard wallets. If you are a trader, just store it on trusted exchange so that you can easily trade it when needed. Just make sure that you activate the highest security of your account such as 2FA.
Already, and 2FA does not always save, if the exchange is hacked, there could be no protection. Having a hardware wallet we protect ourselves very well. The main thing is not to lose a piece of paper from the Ledger with passphrases for recovery.2fa's , hardware wallets , strong passwords , etc all of them are the same . when i say the same id say all of them is still useless because no matter how you secure your wallet/account it can still be hacked and you cannot avoid it becuase hackers are verry smart . so overall , the best thing that we can do is to avoid putting huge amount of cash in your wallets/accounts online so that you can avoid unecessary problems that may occur on the future .
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