Bitcoin Forum

What is more safe to save coins? I don't know if is online platform better then exchange? I have some Waves and some ETH. Waves has online Chrome add-on which is similar with saving Waves on exchange.

What do you prefer? Has Waves wallet 2FA authenticator?

The safest would be to have a hardware wallet though it cost something it is worth it too. But if you can't afford it yet or can't buy one as of this time, an exchange is still okay but it is risky because it is still possible to be hacked though even with a 2fa enabled.

You need to own the private key(s). that said, no not a exchange.

If you don't have the private key, you don't own the coins...

Where can I get the privat key? On Waves Chrome platform or hardware wallet? Where to find hardware wallet and how much does it cost?

Exchanges are used for trading and are not recommended for storing your coins. Better to withdraw your coins from them after you trade.
You should keep your coins in secure wallet. Hardware wallet is the best choice. If it is not possible to have a hardware wallet, Use myetherwallet for your Ethereums and waveswallet for your Waves. For any other coins, visit the official website to know what developers recommend. Sometimes you need to download a wallet for them.

Save coins on exchanges kills the purpose of Bitcoin and other cryptos. It's the same as using a bank, but I'm sure you would prefer to be your own bank.

Not on exchange, it's hackable. Preferable save your coins on wallet. And be careful while clicking on email. Phising scam are notorious these day. They could get a lookalike website wether it is exchange or wallet site with a little changes on a few letter for their domain name.

I think it could just be a common norm to at save coins in a wallet and use only exchange site when trading. I actually havent read any complains about those 2fa authenticator being hacked but i guess there is a chance that they could be hacked. So far in exchange sites that i logged in that has an authentication, i havent lose any money yet. So i guess reading about the site you are going to is more reliable.

Remember that exchanges are prone to hack even the biggest and has the strongest security will be penetrated and targeted by hackers. And the bad thing by keeping your coins on exchange is that you dont own the private key, which means that if something happens to them, farewell to your coins.

no one here suggests you to save in the exchanger. indeed its advantages can save altcoin with a lot of accounts, but the risk of hack and scam often occur in the exchanger.
you should keep an official wallet, eth myetherwallet.com and waveswallet.io waves

if you use exchanger always use 2fa security.

iam prefer save my coin in my wallet support use private key
because is very safe and can use anytime and anywhere,use import private key

This is a good storage if you want to save your coins for longterm stake but for me I prefer to store my coins on our local web wallet so that if there's emergency needs I can easily exchange it with fiat. And also I do this just to save some fee since its so expensive to transact right now.

to save your coins in Hardware wallet is the best think you do ,  Exchanges are used for trading not for save your coins
and it liable to risk of hack and scam .

If you only want to store this coin i suggest to use thier own wallet than stored it in a exchange its more secure if you own the private key of every coin yo have . BTW you can use myetherwallet.com for ethereum and waveswallet.io for waves.

choose a wallet and having a full private key is sure to be safe because you have full access. saving in exchange is not recommended because it does not have full access.

it will be good in wallet, just save your private key and save it in disk or other eksternal memory and not in cloud or drive, if me i write it on paper and laminate it and save it with my other certificate to keep it safely

if you don't want to be part of btc-e or mtgoxed one day. keep your coins and token in your own wallet.

You mean waveslite ? That's safe for you to store your waves. About other coins , you'd better use a local wallet, that's the safest way .

You can get private key into waves wallet lite client, I prefer to use stand-alone lite client, to see more details here: http://www.waveswiki.org/index.php?title=Tutorials:_The_User_Interface
I'm not sure there are hardware wallet to waves, for now.

Never store huge amount of coins for a long time in an exchange. If you are actively trading, store the amount you will be needing and keep the rest else where. Don't use online wallets. They are also not reliable. You might loose your access anytime. Use wallets created by the developer of the coins. They are the safest.
Keep backup of your wallets. Always.

Everyone wants their money to be stored safely. We need a good purse to keep the money. We need to create a unique password for each of our bitcoins. Do not let the bad guys break in, lose your money.

Its more safe to save coins from the etherwallet but im not saying that waves is not safe . I think that myetherwallet is safe cause it requires a private key that is given in the owner of the created wallet. I think its unique cause most of the time some wallets requires password but myetherwallet cannot be opened by password its secured cause it requires private key.

if you don't keep huge quantity you can use exchange but if you are keeping huge quantity you should withdraw them to your own wallet.

Here is one basic rule: Do not give ANYONE your private key.
Use Cold Storate: Cold storage in the context of Cryptocoins refers to keeping a reserve of Cryptocoins offline.

Methods of cold storage include keeping Cryptocoins:
- On a USB drive or other storage media
- On a Paper wallet
- On a bearer item such as a physical bitcoin.
- Use a offline Cryptocoins Hardware wallet

Imho exchanges for trading only not for storage. Because coins on exchanges not your they keeps in alien wallets. That's why if you buy for long-term better to keep on own cold storages

A year earlier I would have stored also bigger amounts on exchangers like poloniex. But at least nowadays it is recommended to store the coins in wallets. I would even not exchange bigger amounts at exchangers ans devide the trading money into smaller amounts because many exchangers seem to have problems.

I have the same experience just as you mentioned above, I would like to store some short term coins on the exchanges since I want to sell them when the price is good, and store long term coins in my wallet for more safety.

For me personally if indeed the funds you have is for investment will be much safer using a wallet. Because in our wallet who has the authority to do anything against the funds we have, while their exchange also has the authority to do anything against the funds we have. So if we want to use the exchange as a place to store investment funds is definitely there is a possibility that a bad thing can happen in the future. So it all depends on how you do and use it, or what you need.

Always go for those wallets that you do have the possession of your private keys.Waveswallet.io or chrome add-on is much better on exchange. Don't ever leave your coins on an exchange as most people said here you don't hold the private keys of those wallet.Better to be safe than sorry.

I don't have much idea regarding on waves wallet hardware wallet but talking on waves chrome or site searching for private keys.Then its just simple to locate those keys.Remember on the first time you do register? It does give wallet seed save that one.Then after that when you are on the main interface you can able to see on the top right most part showing an icon which do have an image of 3coins besides settings.You can able to see seed,private keys,public keys.

Keeping higher amount on exchange sites is always a big risk as anything is possible in future and if the exchange disappears in future then you will be loosing all the funds at once so I will always prefer to save my bitcoins in my electrum wallet where there is no scope of coins getting stolen or wallet getting hack and its much safer in compare to storing bitcoins on exchange sites.

Storing bitcoin on electrum is way much safer than storing it on exchanges and this is the thing what im doing anytime on which i do store up on my own wallet because exchange wallet is never been safe and same as you said they can anytime run with our funds which would really be a total loss for us if that thing do happen.We wont know on when they would be gone.

It is always safer to keep your coins in your wallet and to have access to private keys.
Exchange can simple vanish, close doors or scam you, and what then?
Don't think too much about where to keep your money! Keep it very close to yourself!

Yes its much safer to keep your bitcoins in offline wallet instead of exchange as its risk factor will always be there and in the past when bitfinex got hacked many people lost huge amount of bitcoins in it and those incidents alerts us and we need to be very careful while trading and as soon you make profits try to withdraw it and transfer your balances to your wallet.

I see everybody repeating the same things over and over again about how safes it would be to keep it physical instead of exchange. But in fact the thing is it all depends on your style of investment. I like to trade and to trade a lot. On coins that I trust to bring me gains in the end even if I hold a bag for some time. And for that, I need my money in exchange. If you are the kind that can solely trust on bitcoin increasing it's value and make your profit in terms of usd in the end, yes take it somewhere physical. But otherwise, you'd have to trust an exchange like I do and decide on how much you'd like to risk and possibly gain with your money.

So if everything goes well, I'll be increasing my money both in btc and usd but holders will increase their value only in usd.

The risks are the risks.... Exchange might get hacked, I might trade bad.. etc.

You decide.

If you are a full time trader then you need to take a risk of putting your bitcoins on exchange sites so that you can buy or sell coins but if you are not regular trader then better to keep your majority of funds in wallet and only transfer the amount that you want to trade on exchange sites.

SPT to SNM token migration is automatic and has begun.
https://blog.sonm.io/spt-to-snm-token-migration-is-automatic-and-has-begun-a53579ee2c82

when it comes to altcoins and holding them on exchanges as your wallet it is not question of "safe or unsafe" for me. it is the important matter of convenience. and because of that i always prefer to hold them on exchanges.
this way i don't have to download wallets that may even contain malware, or bugs, and also waste a lot of my resources (storage and bandwidth).
besides i convert them back to bitcoin soon enough so there is no point in paying transaction fees twice.

Hmm, actually the main thing that causes wallet or our exchange account is safe is yourself. Because I am sure with great enthusiasm, that the systems owned by all exchange and wallet are mostly very safe. Especially the exchange and wallet is the most widely used, so if you want to get security then do not ever make a carelessness. Because a lot of my friends who get it and finally regret, one thing you really should do is always update the security of the device you use to store confidential data.

Most people here saying that coins should really be putted on their respective wallet rather than on exchanges but this thing would really be a pain if you are an active trader and as you said you should really take the risk on storing it on exchanges because you can able buy directly once you do see an opportunity unlike if you do still need to transfer it to your exchange wallet came from your local wallet.Its quiet hassle and fees would really be a burden.

I will prefer to keep in both of them as the amount which I am willing to trade will be on exchange site and rest would in my wallet as I need funds on exchange so that I can buy a coin at a right time without making any delay and if you want to trade then you need to take that risk of putting bitcoins on exchange sites.

Keeping your coins on an exchange even if the exchange has been around for years and have never been hacked is still always riskier than keeping the coins in your wallet.  Remember to always back up your wallet on multiple devices to be safe. 

Yes don't forget the bitfinex hacked happened last year where people lost all their coins and even that was a reputed exchange and no one expected that it will ever happen so keep only that amount on exchange that you can afford to loose..best place is to keep them safe in your wallet.

If you want to exchange coins you need private key to exchange coins. Coins wallet is needed to get you coins from exchanger.

Wallet karna aku yakin lebih aman

i think the best you should hold your coin on wallet and save private key at safe place. Dont believe exchange site they can be hack, scam .....

Yes I really agree but sad to say I haven't transferred by altcoins in a wallet they are too many but I am trying to transfer one by one slowly. The longevity is not an assurance of a certain exchange not to be hacked because everything can happen in internet.

I have no faith in exchange sites as they can be hacked or disappear at any point of time so I keep very minimum amount there and majority of my coins I store in electrum wallet which I feel is the safest place to save your bitcoin without any security issue.

I prefer to convert all in Ethereum.

Not all exchange are hacked, maybe it depends how can you handle your account together with your password. To assure the safeties of your exchange account don't discuss to anyone your password and value of amount. In addition used alphanumeric code to lessen the risk of your account in exchange and wallet.

Don't put all eggs in one basket, that's the point! You should keep some coin in your local wallet for long term storage and the rest on several exchanges for trading. That's my suggestion  :)

Yes keep only that amount on exchange with which you are gonna trade and rest should be kept in offline wallet where your coins will be really safe and even you should keep on withdrawing profits regularly to avoid losses in future.

I prefer exchange. Because with that, i can trade with available tokens. So that, Waves i hold can increase. Sure, that's make better than hold it.

To save your coins in Hardware wallet is the best think you do ,  Exchanges are used for trading not for save your coins and it liable to risk of hack and scam .....

I think both have the same security as long as do not forget to install google authenticator or 2FA in our account exchanger.
 if it's GA or 2FA install, I'm sure it's safe enough.
according to my own experience even my coins are safer in the exchanger than in the wallet because my wallet had been hacked so all my coins are gone.

Your own wallet. Always.
Exchange can run away with your money, your wallet can't.
Just keep your private keys very close, that is the point.

Wallets of course! never hold on exchanges more than you can afford to lose. Just check how many exchanges are gone in past few years.
Disappearing with user funds or user funds 'being hacked'...

Yes. To save, of course wallet is more secure. Because we are holding, not the other side. So full control remains in our hands without need to follow any rules like on exchange.

Nonsense.
You don't need private key to exchange coins.
Isn't that obvious?  ::)

But what if someone hack exchange and you lost all tokens? Isn't it better to hold your tokens in wallet where they are safe?