Keep all crypto in trading platforms or wallets? - page 11.

rodalutor

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Quote from: worldtraveller321 on December 30, 2017, 02:07:40 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

As a trader it's imperative to keep your funds in an exchange so you have them on hand to take advantage of any opportunities or quickly crash out on bad news. If you are passively investing then it is wise to withdraw funds to a wallet so that they are much safer in the event of the exchange being hacked or so.

gabmen

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Quote from: Babebottle on January 09, 2018, 11:48:20 PM

If you want to trad you should choose the exchange, otherwise, keep them in your wallet.

Well anyone who wants to be safe with their btcs and alts would choose to leave those that they're trading with in the exchange while safekeeping moat of their funds in a paper or hard wallet. Ypu'll never know when an exchange would have problems

atulvatsa

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It is always recommended to keep your coins in the wallets which private are in your control.

Babebottle

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If you want to trad you should choose the exchange, otherwise, keep them in your wallet.

richcorner100

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Because some exchange has issue of hacking so much better keep the coin in personal wallet that we have the private key so we have full control with the coin. This is good choice and will be more safe if you would like to hold the coin for long term investment. But if you would like doing short trading just keep in exchange to be more efisien to buy and sell, but dont put all coin keep in 1 exchange, use minimum 2 exchange to be more safe.

cybersofts

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Quote from: Indrawan77 on January 03, 2018, 02:24:39 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.

wordspavovv

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If you hold cryptos for long investment and big amounts, then you better keep them in a hardware wallet! If is for trading , keep them to a hot wallet !

rodskee

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Quote from: worldtraveller321 on December 30, 2017, 02:07:40 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.

ToxaBit

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already repeatedly talked about hacking hacks and other unpleasant processes with them, not trusting the funds to third parties. The conclusion is only one, you only need to save your funds in the place where you manage. If you are an active trader, it is better to store only the coins that you trade on the exchange

brotherwood12

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as your condition , if you want trading it how can it place on wallet:P

but if you want hold it and if its huge ammount better keep in wallet ,

ImSuparmin

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in my opinion, you better keep all the krypto in the wallet, because it's much safer, but remember keep all the important data in the safe folder. while if you keep it on your trading platform it's a bit more complicated and the security is not enough.

AdamRay

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I think it should be split in 2 to coin your coin. You leave your wallet offline so secure, but if you need something to move back and forth, it's a bit difficult for you, not to mention that you lose your private key can not get back. For a wallet you can use it to trade at any time, trade more easily but you will also fear if the trading floor disappears, you will also lose property.

Hypnosis00

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If you are not a day trader and if you are just swing trader then it is a good idea to just keep your coins in their wallets because if you will put it on exchange or trading platforms and keep it there for long term then there is a high chance that you will lose them because of the possible cyber attacks that can be engaged by the hackers around the internet.

Jaya912

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Quote from: worldtraveller321 on December 30, 2017, 02:07:40 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

I think store your capital in exchanger just the capital that you will use for trading. If you wish to store only without trading i think store in a walett that you keep the private key. Its more safe than.

wuvdoll

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Quote from: Noctifer on December 30, 2017, 04:19:16 PM

If you don't plan to trade it would be best to keep your coins in a waller rather than an exchange.

Yes, what is the point giving a third party a control over your funds when you really do not have plans to trade it anyway. What everyone have said is totally right, use an exchange only if you know you want to buy some alts, and as long as you are not going to be trading, just keep off totally.

A lot of people have lost their funds by keeping their funds in exchange wallet and to be forewarned is to be forearmed.

00DKM@

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Keeping coin on a commercial site or on a wallet is up to you. If you want to trade every day to increase your coin number then surely you have to let your coin on the trading page to do business. If you do not want to do business and just want to keep your coin, make sure keeping coin on your wallet is the safest way for your property, you can keep it on your wallet online, offline wallet or hard wallet is also very good.

PERtua

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Quote from: BobBct on January 05, 2018, 09:16:19 AM

I personally use a wallet to store my holdings, and i have more in my trading wallet. it is best (for me) to have both wallets to easily use all because you can't just use all you BTC for trading.

in short you are doing it half by half right? like half was stored and hald was in the exchange waiting to sell right?

BobBct

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I personally use a wallet to store my holdings, and i have more in my trading wallet. it is best (for me) to have both wallets to easily use all because you can't just use all you BTC for trading.

mayidid

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Don’t use exchanges to store your coins. They can’t be trusted. If you do trading, you can put some cryptocurrencies on those exchanges just while you are trading, but keep the bulk of your portfolio in offline wallets or wallets where you control the private keys. Exchanges have a tendency to have problems and they can get hacked or just steal your money.

coinsontheroad

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It's a bad idea to keep your hodlings on an exchange. Whatever you are holding long term should be in cold storage. If you're actively trading then it may be best to keep it on an exchange as you would have to transfer on and off every single day and occur massive fees that would seriously add up and deplete your capital.

Topic: Keep all crypto in trading platforms or wallets? - page 11. (Read 1822 times)