Topic: Keep all crypto in trading platforms or wallets? - page 12. (Read 1763 times)
It depends on what you are up to. If you are into trading, then might as well keep your cryptos in trading platforms. On the other hand, if you are just HODLING your cryptos, it is better to keep it in your wallets for safety and security purposes. You have to very well distinguish your objectives and make it at par with your actions so as to help you materialize long-term goals.
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
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
maybe store some on safe wallet like exodus ...
and store some on exchange for daily trade or invest on altcoin
....but if just hold then safe it on cold storage ....
I don't think it is wise to keep coins in exchanges, as they can be hacked. Wallet would be the best option. Although, you can keep those coins that you want to trade daily and withdraw others to wallet.
Kepp money only on big exchanges like Binance or Bittrex, cause small one are hacked so often. Etherdelta was hacked recently and a lot of people lost huge amount. So at least don't keep your funds on etherdelta. For a long term investment, MEW is preferable, but if you are an active trader, for sure keep on big exchanges
One alternative to storing lots of bitcoin is on the big exchange, but there is a better and safer way that is by storing Bitcoin in offline wallet like electrum and also save another Altcoin in the official wallet provided. It is a crypto storage for a long time and most importantly we keep a private key. That is the main key to access the wallet that we have. Oh yes if you are a mobility person may choose to use mobile wallet that can be accessed from smartphone, but I suggest not to store too much balance there. 
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
If you are doing a daily trade its good to have it on exchanges but for holding a wallet is a must if its available, depends on your purpose. Much better to hold a coin in your wallet and yes to add more if you wanted. 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
Kepp money only on big exchanges like Binance or Bittrex, cause small one are hacked so often. Etherdelta was hacked recently and a lot of people lost huge amount. So at least don't keep your funds on etherdelta. For a long term investment, MEW is preferable, but if you are an active trader, for sure keep on big exchanges
I think Wallet is the best way. Exchangers are not meant to be wallets.
You put your coin at your own wallet for long term. Some Exchanger is risky for hold altcoin.
You put your coin at your own wallet for long term. Some Exchanger is risky for hold altcoin.
Most Exchange now upgrading their system but still there is no assurance that its safe to put all your money their, personally I use both to store my holdings and so far I don't have any problem and hopefully most of the exchanges will be fully safe in the future.
Personally, I advise the exchange to keep only a small amount necessary for exchange or trade. All the rest is best kept on local wallets. Niodna exchange is not insured against hacking. You can store the wallet file in several places at the same time and your savings will not be lost even if the hard drive fails.
I understand that your question bothers on the risk of losing your investment. To keep in exchanges or wallets depends on your market position/approach. If you are an investor, it's best you withdraw to wallets were you control your private keys but if you are a trader, I'm sorry, you will have to keep your coins on the exchange to facilitate trading and avoid unnecessary charges due to constant withdrawal and deposition of funds. It however poses greater risk as exchanges are prone to hacks. In all monitor your funds, guard your wallet/exchange keys/login details. Protect your funds and you'll be safe.
It good to have both some amount on exchange and some on wallet. Off course we will have problems with both of them but this is normal we always forget password or pass phaze or something else.
I think Wallet is the best way. Exchangers are not meant to be wallets.
You put your coin at your own wallet for long term. Some Exchanger is risky for hold altcoin.
You put your coin at your own wallet for long term. Some Exchanger is risky for hold altcoin.
Don't keep money on exchanges then you don't have to worry about the biggest target ever getting hacked and you lose everything. You're a small fish in the ocean when you hold your own private keys. Even better? A hardware or paper wallet. Then no one even knows these bitcoin are in your possession.
As long as you are holding, it is always best to look for a wallet where you have full control, which you cannot get in a centralized exchange wallet. I have always preferred just holding a hardware wallet and then with that, I am rest assured that I have full access to all my funds and no exchange will wake up one day and decide to lock me out of my account or close down without any notice.We would not really need a soothsayer to tell us this that keeping your assets in a wallet is the most risky thing to ever do. It is best when you have the private keys to the wallet we are using as that makes it easy to have full control over our funds than when something ends up happening to an exchange and then we may see ourselves losing virtually all the funds that we have.
I don't keep my bitcoin or altcoins on the exchange because it is very risky. I use an online service the Multi-coin wallet called CoinPayments.net. in coinpayments you can store up to 60+ different coins.
the smart investor wont just keep their coins in just one PLATFORM or just Wallet, but they will use both of them, because they can use small amount of cryptos to works on trading platforms like exchanges and the rest will be saved in wallets to be used in the future. this will also keep them save from hackers that wont take all of their money.
anyone newbie hear about mt.gox If you know this so you have your answer
If you know this so you have your answer 
It sure safer in the wallet so long as your wallet or laptop is safe as well. I have some on exchanges because I think I'm going to cash them out anytime soon too. If you are like me who is on the move like a wanted outlaw, you might find your tokens safer in exchanges. Having a verified account in bittrex I think is ALMOST safe.
You should learn from the past , where a big exchange could still quit badly. Scam a lot of people with huge amount of money, better to make a prevention action before things ended up badly. Put the whole money you have always in the wallet whenever you have done to trade.
Obviously better decision to store coin in own wallet. It should not keep all coins in exchanger. All the exchanger are not trusted. Sometimes exchanger have to hack by the hackers. Storing coin in own wallet is very safe and secure.
for me some big exchange is good to keep my coin. save coin on your pc is more dangerous
I think its better to put it on your wallet, if you want to wait until the value increases, that way you will have a peace of mind that your tokens is on a safe place, theres alot of hackers nowadays so make sure you keep them safe.
Wherever you keep your coins localy, wallets or exchangers, there is certain risk of being compromised by hacker attack, malware or something.
Still exchangers are more vulnerable than wallets so it's not recommended to keep your coins there except the amount you want to trade.
Exchangers are not meant to be wallets.
And when you choose the wallet be aware that online wallets are less secure than others.
Still exchangers are more vulnerable than wallets so it's not recommended to keep your coins there except the amount you want to trade.
Exchangers are not meant to be wallets.
And when you choose the wallet be aware that online wallets are less secure than others.
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