Keep all crypto in trading platforms or wallets? - page 10.

trecore4

sr. member

Activity: 658

Merit: 260

CryptoTalk.Org - Get Paid for every Post!

Quote from: boss1dg on January 13, 2018, 03:38:21 PM

if you are regular trader then keep them in big and trusted exchanges like binance , if you are going to hold any coin for long term then store that in any hardware wallets or paper wallet .

That’s the simplest explanation for it, but at any time I would say we must keep the funds in wallets only. The reason for this is current unplanned bans over the exchangers and trading platforms. So if you are up to date with the news around us then you can feel the ban rates have been increased a lot these days. Starting from the china to Korea and even small countries like Indonesia etc got their country people banned from using the crypto currency. How we could really trust the exchangers in such Cold War. Better keep them safe in the wallets and take them out whenever we need to exchange them.

cryptoblue77

member

Activity: 472

Merit: 10

Well, exchanges can't be trusted, you trade and withdraw you coins. If you want to hold for long-term, then it would be better you choose offline wallet, which would be safer for you.

vijendra singh

newbie

Activity: 148

Merit: 0

I keep 80% crypto coins in exchanges and 20 % in other wallets. But when market goes down I can't resist me to transfer coins from other wallets to exchanges. If I keep all coins on exchanges all the time it makes me excite to take more risk. And sometimes I book losses . So recommend to keep it in wallets as well as exchanges both.

BingoDog

hero member

Activity: 658

Merit: 505

Exchanges are not wallets and that is not their primary purpose so it's not suggested to keep the coins there long term and in biger amounts.
Use them for trading and upload the amount you want to trade, everyrhing else it should be kept in the wallet. It's more secure, especialy if you combine more different wallets.

Utanjaran

member

Activity: 86

Merit: 10

Currently, altcoin exchange requires account verification for each user. Well, if you have verified your account. I think, keeping on wallet exchange is a great way because there we can grow our investment faster than keeping in wallet.

erickkyut

hero member

Activity: 1176

Merit: 509

I diversified my coins. 70% of it is stored in my wallet and the remaining 30% in my exchange account. I left the 30% there so that whenever I wanted to do scalp grading, I have coins to sell. If you are not doin scalp trading or day trading, it is advisable to store your coins on your wallet specially hardwallet for better security.

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: PrinceCaspian on January 23, 2018, 04:18:44 AM

Keep all of your cryptocurrencies into their respective wallet because that is the safest place for you to put your cryptocurrencies but if you want to be safer then you should find some hardware wallet or offline wallet that you can use to store your cryptocurrencies which is much better than storing it on online wallets. Just keep your crypto in a trading platform if you are a short term investor or trader.

It's better to use exchange wallet on its purpose, if you will going trade then you place your coins inside your trusted exchange then do business,
but if you are going to hold and store your coins better to have your own one inside your computer where you can fully secured and keep it in safe,
we do have reason why we need to use certain wallets, the main idea is always secured your assets even trusted exchange also prone from hackers
and we can never say if until when they can be safe from those attackers.

clarkt

full member

Activity: 658

Merit: 100

First, you must accept the fact that if you do not own the private key to your coin, it simply means it is not yours. With this thought in mind you could put all your coin in add ñ exchange when trading. When you finish trading you put a significant sum if your holding to a wallet that you control.

Alex_nutis

member

Activity: 140

Merit: 11

Thank you for +Merit

I keep long-term assets in my wallet. The assets that I trade on the exchange. Those assets that I am going to sell in the next month do not go to my wallet, so as not to pay a commission for withdrawal.

Nasty23

full member

Activity: 736

Merit: 100

★Bitvest.io★ Play Plinko or Invest!

Quote from: PrinceCaspian on January 23, 2018, 04:18:44 AM

Keep all of your cryptocurrencies into their respective wallet because that is the safest place for you to put your cryptocurrencies but if you want to be safer then you should find some hardware wallet or offline wallet that you can use to store your cryptocurrencies which is much better than storing it on online wallets. Just keep your crypto in a trading platform if you are a short term investor or trader.

Yes it is better to hold coins in their respective wallet so that it is store in the safest place on which only you can know it and also in the exchanger it is not good to hold coins there because sometimes it become hack that cannot be recover if it is send to another people already that's why it is important for the account to have a 2fa in order to protect it and only you can access it.

PrinceCaspian

sr. member

Activity: 378

Merit: 250

Keep all of your cryptocurrencies into their respective wallet because that is the safest place for you to put your cryptocurrencies but if you want to be safer then you should find some hardware wallet or offline wallet that you can use to store your cryptocurrencies which is much better than storing it on online wallets. Just keep your crypto in a trading platform if you are a short term investor or trader.

ApocalypseNow

full member

Activity: 476

Merit: 100

Don't trust trading platforms. They can claim anytime they got hacked and no one will know if they are behind that or not. Keep it on your wallets for better security.

JCLee

full member

Activity: 280

Merit: 100

A safe place to store cryptos that are stored in cold wallets if demand is not frequent. If you trade, you may consider cryptos stored on trading platforms. You should choose some reputable trading platforms such as Binance, Hibtc, Bitfinex, Poloniex, etc.

btc_angela

hero member

Activity: 2632

Merit: 546

Quote from: boss1dg on January 13, 2018, 03:38:21 PM

if you are regular trader then keep them in big and trusted exchanges like binance , if you are going to hold any coin for long term then store that in any hardware wallets or paper wallet .

As trusted as the exchange are, I really wouldn't keep big amounts of them. I always keep just enough funds for trading purposes and if I think that my money is already growing, I will take out some of it, deposit on my wallet where I can have full control of the private keys. Well a hardware wallet much better.

Quote from: Jackblack90909 on January 13, 2018, 05:59:11 PM

It is always better and more secure to keep your tokens in your wallet, because even the most secured exchangers could being hacked or affected one day, and recently there was an attempt of hacking Etherdelta which is known as one of the most secured and decentralized exchangers online.

Yes, exactly my point. Look at what happens to BTC-e. It was suddenly taken down by the US authorities. Although the money has been returned through IOU, but you wouldn't like that to happened to you, specially if you have huge amounts, I mean in the thousands of USD in there.

Jackblack90909

sr. member

Activity: 552

Merit: 250

It is always better and more secure to keep your tokens in your wallet, because even the most secured exchangers could being hacked or affected one day, and recently there was an attempt of hacking Etherdelta which is known as one of the most secured and decentralized exchangers online.

boss1dg

member

Activity: 350

Merit: 10

if you are regular trader then keep them in big and trusted exchanges like binance , if you are going to hold any coin for long term then store that in any hardware wallets or paper wallet .

Celebrity

sr. member

Activity: 420

Merit: 250

Quote from: cybersofts on January 09, 2018, 08:03:28 PM

Quote from: Indrawan77 on January 03, 2018, 03:24:39 AM

Wallet usually got a better security and it's safer, so if you want to hold the coin for a long time without touching it then go for wallet, saving your coin in trading platform is only for trading purposes, dont save too many things in exchanges because, exchanges got a pretty bad reputation, it can suddenly close and run away with your coin

Indeed, crypto exchanges are not to be trusted. Always left what you can afford to lose. I normally use Coinomi app or CoinPayments.net to store my both bitcoin and altcoins, of course. I don't really trade everyday, though I used to checked the market quite often to see the most performing coins and invest to them.

They have 2fa security, but you can trust this completely.

That's why people use private wallets and hardware wallets to store their assets. This is a more secure way of storing your assets in your private wallets.

akram143

full member

Activity: 1106

Merit: 166

★777Coin.com★ Fun BTC Casino!

Quote from: rodskee on January 09, 2018, 05:57:21 PM

Quote from: worldtraveller321 on December 30, 2017, 03:07:40 PM

What would be a better move ? to keep most of my crypto in Exchanges as seems better option. as with the constant flows - green to reds etc.
in order to make gains or min loss, it seems best to trade a red one to green
eg as today i had lots of reds, but to min loss, i took some of my ETH and verge and traded into XRP which mooned and now my gains are way up
as i keep this crypto thing a constant watch.

What do you all suggest?

i use a Coinomi wallet that is connected to Changelly and SHapeshift
so i do exchanges there.

What do you all recommend?

i am thinking just a wallet for holding a currency for long term and no intention to trade out? just add to? thoughts

Is depend on yours strategy keeping or storing coins in online exchange are risky have possibly hached your investment, if have have daily activities in trade using online exchange is okay to staynor money inside the exchang and make sure you have an strong passwords.

Even if he set strong passwords to the exchange wallets still it is highly secured so it is better to keep in the wallets if there is no intention of trading them.Because keeping crypto in online wallets or exchange is highly unsecured because they can shut down the exchange at any time and can take all your money.

hitrawal91

full member

Activity: 462

Merit: 101

BitcoinSN - The Real Bitcoin!!!

Quote from: worldtraveller321 on December 30, 2017, 03:07:40 PM

What would be a better move ? to keep most of my crypto in Exchanges as seems better option. as with the constant flows - green to reds etc.
in order to make gains or min loss, it seems best to trade a red one to green
eg as today i had lots of reds, but to min loss, i took some of my ETH and verge and traded into XRP which mooned and now my gains are way up
as i keep this crypto thing a constant watch.

What do you all suggest?

i use a Coinomi wallet that is connected to Changelly and SHapeshift
so i do exchanges there.

What do you all recommend?

i am thinking just a wallet for holding a currency for long term and no intention to trade out? just add to? thoughts

It all depends on the personal mindset and style of trading whether how they want to trade the crypto coins whether you are interested in investing or day trading or swing trading. If you can see I always use exchanges for day trading alone and for holding the coins for longer-term and swing trading the coins for few weeks then i go for wallet like Zebpay which is more secure than exchanges and nowadays there are tons of problems with exchanges going on, and i can see the issues clearly which is mentioned in this forum posts .

cybersofts

copper member

Activity: 658

Merit: 284

Quote from: worldtraveller321 on December 30, 2017, 03:07:40 PM

What would be a better move ? to keep most of my crypto in Exchanges as seems better option. as with the constant flows - green to reds etc.
in order to make gains or min loss, it seems best to trade a red one to green
eg as today i had lots of reds, but to min loss, i took some of my ETH and verge and traded into XRP which mooned and now my gains are way up
as i keep this crypto thing a constant watch.

What do you all suggest?

i use a Coinomi wallet that is connected to Changelly and SHapeshift
so i do exchanges there.

What do you all recommend?

i am thinking just a wallet for holding a currency for long term and no intention to trade out? just add to? thoughts

Leaving your coins on cryptocurrency exchange is very risky because they have some many issues from hacking attacks to sabotage. In fact, an exchange platform can go down anytime because we have seen what happened to Mt. Gox and VirCurrex - they are all down today because hacking issues, maintenance negligence, and sabotage that led many people to losing their investments. Therefore, I prefer storing my coins in Coinpayments.net and as you mention Coinomi wallet for android for me and my coins safety.

Topic: Keep all crypto in trading platforms or wallets? - page 10. (Read 1714 times)