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Topic: Keep all crypto in trading platforms or wallets? - page 6. (Read 1714 times)

member
Activity: 392
Merit: 10
I think that it is better to keep in trading platforms if you are sure that they are safe and reliable. As for me, it is better to use hard wallets if you want to be 100% sure that everything will be fine with your money
newbie
Activity: 72
Merit: 0
The problem with keeping your cryto assets in trading platforms is there's a risk of losing you assets due to hacking. However, you will lose the chance to earn if you see an opportunity. I've been in this situation before when I found out that a coin will be listed on another trading platform, so there's a chance that the price of that coin will go up, but I can't buy because I don't have extra funds available.
My opinion is that it is good if you will keep such amount of money in trading platform which you  are going to use for trading, I think that you should keep the rest of your money in a safe and secure exchange.
member
Activity: 350
Merit: 10
I prefer to keep all my crypto currencies in my wallet, because I feel worried if I keep all my crypto on the platform will be hacked, I save on the platform if I will trade in the short term
hero member
Activity: 798
Merit: 503
Now I suggest that you don't trade daily. If you don't know much about trading, the best option for you will be investing in mid-term or long-term trading. Just buy promising coins at a good price, bring them to your wallet and wait until their rate grows to a comfortable mark for you.
If you have a desire to trade, it is certainly more convenient to keep the your coins on the exchange. So you'll have a quick access to the necessary operations with them.

If you are actively trading then keep the coins in the exchange because it would just be expensive for you to deposit and withdraw from time to time although this would secure your coins but then you just have to choose what you are most comfortable at. You just have to remember that when your coins are in the exchange, consider it not yours because it might be stolen anytime. It is still safer to keep your coins in your own wallet that you hold the private key since you are the only one who can access it.
That's what I wrote. Why just rewrite my thoughts in your own words?
full member
Activity: 784
Merit: 108
I trust the wallet to protect all crypto, it would be better if this offline wallet is useful for storing all of our assets and avoid hacking fraud or loss. so when saving on the platform I suggest when I will sell it.
If you do not regularly trade, keeping coins on highly secure wallets is a must. High quality security wallets such as Metamash and hardware wallets should be used to hold investors' money.
member
Activity: 626
Merit: 10
Don't keep your funds in any platform because it may cause of losing your money much better to hard wallet the no one can know your funds and can't easy to hack.
full member
Activity: 783
Merit: 100
I trust the wallet to protect all crypto, it would be better if this offline wallet is useful for storing all of our assets and avoid hacking fraud or loss. so when saving on the platform I suggest when I will sell it.
MI6
hero member
Activity: 1260
Merit: 504
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If we talk about security, then I would not advise you to keep all your coins on the exchange, because you can leave a certain amount there to trade, and the rest is transferred to a protected wallet

There have been many posts relating to this question, and in agreement with most of the people on here, its best to keep it off the platforms. Its way safer in your own private wallet then anywhere else, that I can think of, excluding nanoS.
maybe other people think if tehy save in market,they can trade it whenever they want. can't force them only suggestion, but as long they already put strong security on their account. just let exchanger to manage the rest of it
jr. member
Activity: 266
Merit: 2
The Premier Digital Asset Management Ecosystem
As a day trader, it might be wise to keep your coins on the exchange. Timing is all important, when trying to maximize profits.
As a hodler, you would want your assets safe in your wallet.
Keeping tokens permanently on trading platforms has its disadvantages, as there are risks of lossing your assets, should there be an issue in the exchange  always be aware and informed.
hero member
Activity: 650
Merit: 500
It is much more better to keep holding for a while, that is the only way in that you are going to make a huge amount of money if the market recovers or if there is another reversal
hero member
Activity: 1358
Merit: 513
If we talk about security, then I would not advise you to keep all your coins on the exchange, because you can leave a certain amount there to trade, and the rest is transferred to a protected wallet

There have been many posts relating to this question, and in agreement with most of the people on here, its best to keep it off the platforms. Its way safer in your own private wallet then anywhere else, that I can think of, excluding nanoS.
full member
Activity: 360
Merit: 103
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If we talk about security, then I would not advise you to keep all your coins on the exchange, because you can leave a certain amount there to trade, and the rest is transferred to a protected wallet
newbie
Activity: 102
Merit: 0
Never keep all of your crypto currency on the exchange. It is better to keep your coins in a cold purse to protect yourself as much as possible. On the exchange, you can store only a small part of your crypto currency reserves.
newbie
Activity: 56
Merit: 0
I think the best way to keep in good trading platform because you have the option to exchange with other coins that are the best option in the different scenario of the market because this option makes your coins the opportunity to increase that is why I think instead of wallets the best option exchanges.
member
Activity: 1021
Merit: 12
I think it is better to store the crypto in personal security wallets because of its stronger trading platform. in wallet personal private key, file, even the hardware. Whereas, in the trading platform has only 2fa for security would certainly be easier on hacking. recommended wallet: coinomi Smiley
sr. member
Activity: 658
Merit: 250
I prefer to store the cryptocurrency that I have in the place of exchange because I can use it for trading and I can benefit from using the up and down movement of the coin prices in the exchange place.
full member
Activity: 350
Merit: 100
It is safer to store crypto in your wallet, because the risk is very small to be hacked, if you want to save in the market try to short-term trading, because it is big if you save crypto too long in the trading site
full member
Activity: 233
Merit: 100
I think crypto assets should be in wallet, hardware wallet is a good way to store it. But you can divide your  assets for long term and short term. Long term hold tokens or coins in hardware wallet and short term must be keep in trading exchanges to fast trades whenever a need arises. For me I park some on exchanges, tokens use for day trade, I just withdraw the profit.
sr. member
Activity: 616
Merit: 262
Now I suggest that you don't trade daily. If you don't know much about trading, the best option for you will be investing in mid-term or long-term trading. Just buy promising coins at a good price, bring them to your wallet and wait until their rate grows to a comfortable mark for you.
If you have a desire to trade, it is certainly more convenient to keep the your coins on the exchange. So you'll have a quick access to the necessary operations with them.

If you are actively trading then keep the coins in the exchange because it would just be expensive for you to deposit and withdraw from time to time although this would secure your coins but then you just have to choose what you are most comfortable at. You just have to remember that when your coins are in the exchange, consider it not yours because it might be stolen anytime. It is still safer to keep your coins in your own wallet that you hold the private key since you are the only one who can access it.
member
Activity: 308
Merit: 10
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

The coin that you will use in trading is okay that you put in the wallet exchanges, but if the coin is not for trading then it is better in your wallet not in your wallet exchanges because if you want to exchange your coin into fiat money then you will pay a big fee to transfer the coin that you will exchange in fiat money.
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