Wallet vs Exchange | Bitcointalksearch.org

Tendou_Karen

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Quote from: blazerculj on July 01, 2017, 04:46:49 AM

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?

Well, my assets is worth around $500 at this moment, I keep $325 in the exchange wallet (HitBTC) and put the rest in my wallet (MyEtherWallet)

sarmrakib

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Quote from: blazerculj on July 01, 2017, 04:46:49 AM

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?

I just keep my wallet those tpken which I am keeping for long time hold. I put those token on exchange which I usually use for trading. That's my strategy and its so simple.

Gaselemeg

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Quote from: Andrew1337 on October 13, 2018, 11:33:00 AM

Do not hold your coins in a exchange . If you were following the social media you could see that at least 2-3 big exchanges are getting hacked each year and millions of usd are lost . You should buy a hardware for holding your coins safe

Big but not top-5. I think if one of them is hacked, the whole market will collapse.
Keeping coins on the exchange is not bad if you trade constantly, otherwise it’s really wiser to use some cold wallet.

cokroalif

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Quote from: Andrew1337 on October 13, 2018, 11:33:00 AM

Do not hold your coins in a exchange . If you were following the social media you could see that at least 2-3 big exchanges are getting hacked each year and millions of usd are lost . You should buy a hardware for holding your coins safe

yes, I also agree, all of my assets are stored in a wallet, not in the market, because I am traumatized by the occurrence of the Coinrail market

Andrew1337

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Do not hold your coins in a exchange . If you were following the social media you could see that at least 2-3 big exchanges are getting hacked each year and millions of usd are lost . You should buy a hardware for holding your coins safe

Dinosaurhaus

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I think it's best to keep 100% on a cold wallet, because it's the safest place!

It is best to have a computer disconnected from the Internet. And use special software - for example, Linux. These are old but highly effective recommendations.

I think you all heard about how often exchangers are hacked and funds stolen from there. Therefore, it is not necessary to keep large volumes on the exchange.

Of course, for a trader, this is not realistic, but this is such a job, and there are corresponding risks.

WiresAreComing

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Being too paranoid I keep larger part of my crypto in the hardware wallet to be on the safe side.
Still have some amount on several exchanges, can`t tell the exact proportion - it depends on the market condition, but usually around to 35/76 where 35 is on exchanges.
Never on the same one, I prefer to spread to reduce risk.

BlockTreeClub

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Quote from: Olayinka225 on October 04, 2018, 02:02:53 AM

As for me, I kept or have a larger amount of my coins on exchange just because I don't just think I can begin to send all tokens bought right to exchange because lot's of them are meant for short term investment i.e buy at lower rate and sell at little higher rate. Though the idea is not good such token wallet can be hacked on the exchange.

in your case, yes then it makes more sense leaving it in the exchange.

Olayinka225

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As for me, I kept or have a larger amount of my coins on exchange just because I don't just think I can begin to send all tokens bought right to exchange because lot's of them are meant for short term investment i.e buy at lower rate and sell at little higher rate. Though the idea is not good such token wallet can be hacked on the exchange.

iphy6013

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I rarely keep coins on exchanges, I mean after I got burnt doing so, I didn't need anyone to advice me.

corrado25

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Cold Wallet is more reliable.But cold wallet is not comfortable at this moment when your coin is pump. Its take some time to transfer your coin to exchage if you want to sell it and until it comes to the stock exchange price may already fall. Second not convenience is if you want to hold a lot of different coins in cold wallet you must install wallet for each coin.The only plus of this cool wallet is the safety of coins

1Crypto_Mike1

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I store 60% on a hardware wallet. These are the coins I plan on keeping for at least 5 years.

I locked my Ledger Nano in a fireproof safe. Put it in my closet. And told my wife to hide the key from me. Just in case I try to panic sell Wink

The other 40% I actively trade on the larger exchanges like Binance and pro.coinbase.com.

BlockTreeClub

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when people ask me this question, i always advice them it's best to store it in wallets rather than exchanges.
unless they intend to trade the coins immediately.
if not, it's always safer to store them in wallets since you're the one who controls the private keys.

raghovsing34

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Quote from: blazerculj on July 01, 2017, 04:46:49 AM

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?

Personally I'm holding my 40% coins on different exchanges. Cause I like to trade cryptocurrency and that's why I need to store my coin on exchange and some of them I store on my own wallet. Cause exchange is less secure than a personal wallet.

Ezoell

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If the coin is active at auction, then I trade it and if not then I bring to the desktop wallet. I don't keep coins on the stock exchange.

Green_Bulb

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I always keep my tokens in the wallet, the only time they`re on any exchange is when I trade.
Doing only small trades now, so I`m okay with online wallets - probably will invest in hardware ones later.

CodyAlfaridzi

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100/0. Seriously, you shouldn't keep your coin in exchange if you don't need it to be there for immediate trading.

Quote from: Sohailul on August 03, 2018, 09:03:51 PM

I keep my all coins in exchange wallets. Like bittrex and livecoin. Even I also use coinbase for bitcoin. But most of the coins I keep in exchange site. Because exchange site is safe for coins.

It's not, duh. Haven't you heard news about exchange hacking? It's still happening often and most of the time exchange don't reimburse your hacked coins.

seoincorporation

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Quote from: blazerculj on July 01, 2017, 04:46:49 AM

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?

is a bad idea to keep the coins on the exchanger, we can see in the past lot of people losing money doing this and the best example is the MTGOX, millions was gone in that example, but that doesn't mean wallets are the most secure thing. But at least with wallets you can backup the private key, that way if the wallet get fucked you can import the private key from your addy to other wallet and access your coins.

So, my recomendation is to use exchangers only when you want to exchange, other way hold the coins in your wallet.

jossiel

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Quote from: JohnPaulJones on October 01, 2018, 10:28:30 AM

Is there a hardware wallet that is compatible with all coins?

They have their own preferred coin to support and the top three hardware wallets does have similarity for few coins. See if your favorite coins are being supported by them.

https://trezor.io/coins/
https://www.keepkey.com/cryptocurrencies/
https://support.ledgerwallet.com/hc/en-us/articles/115005304449-Supported-crypto-assets

I only send my coins to an exchange if I'm about to sell.

Elqui

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When you want a long time investment, you have to store it on a hardware wallet which is safe and you can assure that it can’t be hacked, but if you want to trade, you have to put it in exchange for less transaction fees on transferring coins.

Topic: Wallet vs Exchange (Read 4338 times)