Topic: Keep all crypto in trading platforms or wallets? (Read 1714 times)
Depends, if I want to HOLD the coins for a long time I prefer to save in the wallet, if the coins for trading will not save in my wallet.
I prefer to keep assets in the wallet because at this time there are quite a lot of exchanges that experience hackers and users who will experience losses because their set in exchange sometimes does not get responsibility. so don't keep too many assets in exchange
Surely, it's not always good to keep your money in the exchange wallet. Because most of the exchanges are centralized, so they can block your money when they want, even without your consent.
If you want to store your funds of crypto coins its better to keep it in you wallet to avoid lose of funds. Because some traders spreading news that their funds has lost because they putting it in some exchanges.
I prefer to keep assets in the wallet because at this time there are quite a lot of exchanges that experience hackers and users who will experience losses because their set in exchange sometimes does not get responsibility. so don't keep too many assets in exchange
Mostly exchanges are secure so if you want to keep your assets on exchanges then you can & no need to worry.
But my suggestion is if you want to use your coins in trading then transfer to any exchange otherwise keep store in your wallets.
But my suggestion is if you want to use your coins in trading then transfer to any exchange otherwise keep store in your wallets.
It will really depend on the amount of altcoins you have. Some trading platforms (based on the trading platforms I'm in) do not allow to transfer tokens below their minimum requirement (e.g 20 tokens). So you can't really keep all your tokens in the trading platform. It' safer if you store your coins in the wallet but it's more convenient if you have your coins in the trading platform. That's the difference, in my own personal opinion.
Actually it's more convenient to store in trading wallet because we can see the total amount of coins, and also the change of coins price movements. We can sell the coins when the price is high
First of all you hold any asset if you think that it will growth in the future. Right now there is downtrend on the market. And it is not a good idea to hold anything. I prefer just trade with certain amount of money, earn and fix in USD through marginal trading. That's why I don't hold any cryptocurrency anywhere, but I hold my main fiat money on exchanges, but if I buy any asset for long-term, I will hold it on wallet.
Crypto coins that I get from investments, airdrops or bounty programs, I always keep in my wallet, especially MyetherWallet... but for Bitcoin, Ethereum or cryptocurrencies that are in the top 20, I prefer to save in wallet trading platforms, so I can save fees...
If you are a short term trader then you must need to store your cryptocurrencies into an exchange site. But if you are a long-term trader then you can store your coins into your own wallet to be safe from hackers.
If you are a day trader you do not really have a choice, you need to have your money into the exchanging platform so you can take advantage of the rapid movements in the price of cryptocurrencies, but if your trades are slow where you like to take long positions that last for weeks or even months then it is a good idea to keep your money in your wallet since losing a few minutes or hours before the exchange receives your payment is not going to be critical.
Leaving all crypto on a trading platform sounds pretty scary. I heard this is too risky, so it might depend on your attitude, the amount and type of assets, a country, a platform, etc. and probably should be considered on a case-by-case basis. But as a rule of thumb, when it comes to all the crypto you have, the safest way to keep it is in a cold storage they say...
I prefer Ledger Nano S.
Of course it's very risky when you put all your assets in one place, especially on an exchange site that is a third party, there are many risks that come like scams, hacking, etc.I prefer Ledger Nano S.
Of course you have financial management in this crypto investment right? use it to divide your assets into several places, not just in exchange site, separate them in online wallets or hardware wallets
Yes, I prefer to store all cryptocurrency in the trading platform because this is a company that provides because I know my investment is in good hands. I can ensure that it is safe and I can easily detect which coins are worth.
just keep all in your wallet and you don't have to worry about being hacked and you lose everything. You can decide on the one that would favour you the most.
I for one prefer keeping my coins in a wallet, like Jaxx, for example, but on several accounts.
That depends. If you are only interested in hodling, there's no sense in keeping your assets online, in which case a hard wallet would be my choice. Otherwise, hard wallets are not the best way of working with your digital assets, IMHO.
As long as we have a whole lot of coin in a wallet, we should be safe about security and we should keep it safe and set up two layers of security to avoid being hacked by hackers.
It's not wise to hold your crypto in trading platform or wallet. when you just need to do trade you can move your fund trading site and after the trade just withdraw your coin at your personal wallet. No key no coin it is very simple. anytime trading site or exchange site can be hacked and if its hacked you may be lost all of your asset.so dont store your crypto at trading platform wallet.
Keeping all your crypto in a trading platform without trading is crazy. Only a cold wallet or two, or more depending on the amount of crypto you hodl. Because they say the wallets packed with crypto are easily traceable and, certainly, hackable just because they are obviously worth it.
Leaving all crypto on a trading platform sounds pretty scary. I heard this is too risky, so it might depend on your attitude, the amount and type of assets, a country, a platform, etc. and probably should be considered on a case-by-case basis. But as a rule of thumb, when it comes to all the crypto you have, the safest way to keep it is in a cold storage they say...
I prefer Ledger Nano S.
I prefer Ledger Nano S.
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