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Topic: Keep all crypto in trading platforms or wallets? - page 7. (Read 1714 times)

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.
member
Activity: 322
Merit: 12
I think it's better we can store it in our wallet because sometimes we can hold a coin because we can't see it if we scan. If our ownership of cryptocurrancy is in our wallet. We can ensure that it's safe. If we want to have our coins on our trading page to do business, we have to let our coins increase.
hero member
Activity: 700
Merit: 503
If you plan to constantly trade your coins, then it is better to store them on the wallet of the exchange. Of course, for this you need to use several exchanges (on different exchanges there are different prices for coins, so sometimes it is more profitable to buy and sell on different exchanges + exchanges sometimes go for maintenance and you will not have access to your coins).
If you don't plan to trade constantly, then it's best to store your coins on your wallet.
newbie
Activity: 113
Merit: 0
I won't advice you keep your coins in exchange Trading platforms. You risk too much if you do so. There are many hacking issues these days, so be smart enough to save your coins in a wallet. That proves to be more safer than exchange Trading platforms. This method is best applicable if you are planning on a long term Holding Strategy. If not, it is also not a bad idea to secure your coins in your wallets and then transfer them to exchange platforms, when you want to trade, just bear it at the back of your mind that, transaction fee comes with it.
full member
Activity: 437
Merit: 100
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
You can not keep all your money in your wallet and stand still a place without making profits, you also have to get out to buy / sell. When you are profitable, you sell it, make a profit, and put it in your wallet for safety.
sr. member
Activity: 1193
Merit: 251
In my case, I'm store bitcoin on Binance and all the other tokens on my ERC-20/XLM/NEO wallets
member
Activity: 294
Merit: 10
I don’t think need to do this. You can make your crypto in Dollar and stock it for as much time as you can. In trading platform and wallets there is some risk. Though lots of well-reputed sites have exchanges or very good experience. If you like them then hold your coins there and more security you can use blockchain wallet.
full member
Activity: 434
Merit: 105
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've a hard wallet such as ledger and trezor to keep your coins being safe from those hackers, then Its better to keep It holding on your wallet, but If It is not, then you must transfer coins In some exchanges that you're comfortable to used and make a trade of It.
legendary
Activity: 1834
Merit: 1036
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.
jr. member
Activity: 294
Merit: 1
In my own opinion, it varies. You can decide to keep your coins on the exchanges only if you are a day trader but if you want to invest for a while or for the long term, secure them in a wallet as they are more better and also safe there
sr. member
Activity: 462
Merit: 250
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 for me, it is still safer to keep or store all our cryptocurrency tokens in a hard wallet to avoid uncertain losses. We all know how risky and hackable some trading platforms these days are so we have to secure and be careful about our earnings. It is better to secure it in a wallet where no one else could access but you.

We should always think the safety for our coin so we should think always for some possible thing that if you could take this in our time as of now yes there is a lot of hackers and people are crave to get money ina easy thing that they dont have to work on on the other hand some of us hardworking to take money in a safe way.
newbie
Activity: 65
Merit: 0
Well, it depends on what the trading exchange.If some kind of proven and well-known and it is possible on the exchange why not?But there is always the risk of hacking, the risk is everywhere even on the electron wallet
hero member
Activity: 2352
Merit: 594
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 for me, it is still safer to keep or store all our cryptocurrency tokens in a hard wallet to avoid uncertain losses. We all know how risky and hackable some trading platforms these days are so we have to secure and be careful about our earnings. It is better to secure it in a wallet where no one else could access but you.
sr. member
Activity: 530
Merit: 250
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 want to trade long term I recommend to save it in the wallet. because the risk of storing on the platform / exchange is very large. but if you trade every day the tip tip you must sleep and when you want to sleep you save your coin to your wallet. safe trading boy. a little mistake will result in a loss
hero member
Activity: 1344
Merit: 501
Vave.com - Crypto Casino
I keep mostly all of my crypto on trading platforms, of course you can separate and keep something on myetherwallet or on the wallet which is on your computer. Keeping your coins on trading platforms is good so you can sell them faster  Smiley
I also hold most of my crypto on the trading platform because exactly as you said, we will be more convenient during trading when in trading, we only need to delay a few minutes, we will have lost or missed huge profits. Many people think the trading platform will be more easily attacked by hackers, it is also reasonable but they forgot that the exchange had a very high security system, especially in large exchanges, security is more optimal than ever, hackers want to steal is very difficult while our wallet is probably the ideal destination for hackers when our security is very low
sr. member
Activity: 378
Merit: 250
BuyAnyLight - Blockchain LED Marketplace
I keep mostly all of my crypto on trading platforms, of course you can separate and keep something on myetherwallet or on the wallet which is on your computer. Keeping your coins on trading platforms is good so you can sell them faster  Smiley
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
Actually most of the trader who trading altcoin are moved their coins to the wallet because exchanges site is prone of hackers because most of the hacker wants big money and exchanges site have that because of the traders money. But it's up to you what do you prefer.

Well logic would dictate that if you're not actively trading your coins and prefer to just keep it for the long term, then put them in your personal wallet. Coins in a exchange pretty much belongs to the exchange itself. And there have been many instances in the past were can learn from.
newbie
Activity: 154
Merit: 0
I usually keep all my coin on the trading floor. I do not keep them in wallet. I think keeping the crypto on the trading floor will be more secure in the wallet
sr. member
Activity: 1274
Merit: 263
Actually most of the trader who trading altcoin are moved their coins to the wallet because exchanges site is prone of hackers because most of the hacker wants big money and exchanges site have that because of the traders money. But it's up to you what do you prefer.
hero member
Activity: 1694
Merit: 541
For me between keep all cryptocurrency  in trading platforms or wallets,
I’m prefer to the trading platforms than to wallet because this time I think trading platforms is the best choice to be choose because they are the one of the best in this business.
May i know how long you are in this market and are you aware of the infinite number of hacks that happened in the past, this is the problem as people are least bothered about how they secure their money even if you have the best options without any hurdle and still people like to take chances and hold onto third person wallets. I rarely keep my coins in any trading platforms until i am trading, if not i wont even move to these wallets.
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