Topic: Keep All Coins in Hardware Wallet vs Separating Some in Exchanges/Other Wallets - page 3. (Read 860 times)
October 18, 2018, 08:45:34 AM
One hardware wallet is enough for me, but I only store the ones I invested on long term basis. On the other hand I let my alt coins stay for minimum of a month and if things go rough I sell them. Things we expect might not happen so in case theirs a big dump we must be ready at any cost.
October 18, 2018, 08:34:50 AM
Even if you are day trading you should never leave your coins in the exchange, after all at some point you are going to stop trading for the day, whether this is because you have to sleep or because you have something else to do, but whatever the reason you are going to stop trading at some point and it is way better to just withdraw your coins from the exchange, it is true that you have to pay fees to transfer your coins back and forth several times but if you are not producing enough profits with your day trading just to pay the transaction cost then you should probably review your strategy, doing this may seem as doing too much to some people but when the exchange gets hacked and your coins are safely stored in your wallet that is when you are going to appreciate going through all of that trouble.
Hacking is not the only problem you can have if you leave your coins in an exchange. Sometimes, the exchanges change their policies all of a sudden, they may require new verification levels and ask you for documentation while they freeze your funds.
October 18, 2018, 08:11:44 AM
Please bear in mind that exchanges are the target of hackers and they can be successfully attacked, meaning all your coins are gone. You can only leave a very small portion there if you trade regularly. Otherwise, hardware wallet is the choice if you intend to hold your coin for long.
October 17, 2018, 11:48:19 AM
If you are using a long term investment or simply are not going to sell your coins soon, then you should keep your coins only in your wallet. So you will protect yourself from hackers. And of course, keep your keys and passwords in a safe place.
October 17, 2018, 11:24:08 AM
I know a few cases where coins were stolen directly from the stock exchange. Therefore, it is better to avoid storing your coins on the exchange and concentrate them as much as possible in the wallet, preferably in a cold wallet.
October 17, 2018, 11:15:51 AM
If a person uses a trading strategy to earn money on cryptocurrency, it is much more convenient for him to keep his coins on the exchange. But it is safer, of course, to store them in a secure wallet.
October 17, 2018, 06:53:19 AM
It's obviously depends if you are a trader or a holder. As a holder, you should secure your coins is on hard wallets and as a trader, just store it on trusted exchange.
in my opinion it depends on you whether you want to hold or sell. if you want to hold you have to save it on the hardware so it is safe from hackers. if you want to sell just keep it in the wallet. 
October 16, 2018, 05:45:58 PM
I don't know why you talk too much!!
You could ask all those questions in 2 or 3 lines.
You can use a hardware wallet ( because it is safer) if you have money to buy one, but you can download a trusted wallet on your PC or smart phone.
If you are a trader, just keep the coins you want to trade on the exchange wallet.
That's all I can say.
You could ask all those questions in 2 or 3 lines.
You can use a hardware wallet ( because it is safer) if you have money to buy one, but you can download a trusted wallet on your PC or smart phone.
If you are a trader, just keep the coins you want to trade on the exchange wallet.
That's all I can say.
October 16, 2018, 04:53:52 PM
It depend on who are you in the market? holder or trader? if you are a holder keep coin in hardware wallet, and exchange wallet is the best choice if you are an inventor
in my opinion, saving all the coins in an exchange wallet is not a good choice. I see that it will provoke hackers to steal your assets, investors or holders are better save their assets in hard wallets, like ledger. and if you are a trader, then you better put a little coin in exchange wallet for capital. October 16, 2018, 04:29:35 PM
I like the idea of paper wallets. You can simply put it to safe or bank cell and be sure your crypto won't be stolen.
October 16, 2018, 11:51:36 AM
This depends on what you are looking for in the end, as if you are a holder or a trader. If you are a holder the best suggestion would be going for hard wallets.If you are a trader, just store it on trusted exchange so you can trade it whenever you're in need. But, in the end it depends on what you're looking for afterall.
October 16, 2018, 03:16:29 PM
I don't know what you really want to say. A lot of this and that when it's obviously don't know what to do and which wallet should be use.
1. If you're a fan of airdrop, then just leave it to MEW.
2. If you're planning to hold your coins long term then choose hardware wallet.
3. Doing day trade? Then just leave some in exchange sites that you think you can afford to lose when sites get compromise.
You can do all of these, just determine which coin is for long term and which for short term and for day trading as well. Simple, isn't it?
Even if you are day trading you should never leave your coins in the exchange, after all at some point you are going to stop trading for the day, whether this is because you have to sleep or because you have something else to do, but whatever the reason you are going to stop trading at some point and it is way better to just withdraw your coins from the exchange, it is true that you have to pay fees to transfer your coins back and forth several times but if you are not producing enough profits with your day trading just to pay the transaction cost then you should probably review your strategy, doing this may seem as doing too much to some people but when the exchange gets hacked and your coins are safely stored in your wallet that is when you are going to appreciate going through all of that trouble. 1. If you're a fan of airdrop, then just leave it to MEW.
2. If you're planning to hold your coins long term then choose hardware wallet.
3. Doing day trade? Then just leave some in exchange sites that you think you can afford to lose when sites get compromise.
You can do all of these, just determine which coin is for long term and which for short term and for day trading as well. Simple, isn't it?
October 16, 2018, 06:05:30 AM
Keeping all of your coins in an exchange is never a good idea. Hard wallets are much safer than the exchanges. I am a holder and I keep my coins in a hard wallet.
October 16, 2018, 01:42:49 PM
See keeping your coins in hardware or in some exchange depends on the amount you have whether you use it in day trading or long term trading.And generally I am a day trader of few coins so I keep them in trustworthy exchange and rest in hardware wallet.
October 16, 2018, 01:00:43 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.
Only traders or holders is not enough options. Every day a project takes the SWAP decision. I know the tokens that it has SWAP'ed and forget the wallet. So it is trash now.
October 16, 2018, 05:17:07 AM
It's obviously depends if you are a trader or a holder. As a holder, you should secure your coins is on hard wallets and as a trader, just store it on trusted exchange.
October 16, 2018, 04:53:45 AM
It depend on who are you in the market? holder or trader? if you are a holder keep coin in hardware wallet, and exchange wallet is the best choice if you are an inventor
October 16, 2018, 04:33:25 AM
Both of the methods are effective and it depends on wether you are a trader or a holder. Keeping the coins in Hardware Wallet will be best for you if you are a holder. On the other hand, if you are a trader, it would be best for you to store the coins in the exchanges.
October 16, 2018, 12:47:04 AM
I personally wouldn't store all my coins in an exchange,whatever exchange it might be, it just isn't a safe bet for me, I'm always kinda sceptical about exchanges, like a sudden mishap is about to happen, I definitely would go with multiple hardware wallets,that way I get to store my coins all in a hardware wallet and at the same time ensure they aren't stored at a single place..
So in case of a breach I'll have something to definitely fall back upon
This cryptocurrency sphere is really a delicate one, trying everyday to stay away from SCammers,who are trying so hard to get to you...
So in case of a breach I'll have something to definitely fall back upon
This cryptocurrency sphere is really a delicate one, trying everyday to stay away from SCammers,who are trying so hard to get to you...
October 15, 2018, 11:46:14 PM
The idea is actually an essential one for the investors. If the money stays in different places, then the risk of losing it suppresses and of course it is a wonderful way to stay relaxed from the fear of the scammers. Also, keeping money in different sites might also find out the competence of the specifics and their reliability.
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