Bitcoin Forum

Hey,

So I’ve invested into couple of coins and currently holding them on a exchange. Is it good idea or should I download a wallet. For an example what is good wallet for Ripple

Regards

Hey,

Could anyone help out?

If you plan just to hold the coins and don't plan to trade with them, download the wallets.
It's a must and the only way really to own the coins, with private keys.

It's not a good idea to keep them on exchanges, what if one day the exchange has vanished? Or what if you need the private keys of your address or direct access to your funds?
Do yourself a favor and download the wallets.

Only by using a wallet, you really own the coins yourself. If you like to trade, I recommend spreading your funds over a couple different exchanges. Never put everything in one coin or on one exchange.

gd advive from all the guys/girls above, listen to them bud

Actually volatilty of Ripple is very high so if you have time for the better trade it to maximize profit, but if you want to hold that coin for longterm investment will be better keep and hodl in personal wallet that give you the private key so you have full control with your coin.

Holding your coin is a bad idea but if you don't want to trade them, the best way to keep your coins is to download the wallets.

Obiously every coin already started recovering and it wouldn't really have mattered which coin to pick to make a profit at all. You see time and time again that the times that feel the worst to invest, are the best to make the entrance.
However our bargain picks outperformed already, especially Tron and Wagerr.

We adviced to pick up some Tron solely on it's price action and if you did, you would have see a nice 'n quick 100% return. Wagerr also did nice with a 50%-66% gain during the day.

We advice to hold NeoGas and Lisk for a longer time unless you want to cash out. Wagerr is a personal choice. We don't see it rise dramatically in the coming days but it's a solid pick. We'd advice to sell Tron for now. Enjoy the 100% profit and let's see where that project is headed next.

Do not download anything, just buy a ledger wallet and try to store everything in there, it has almost a specific wallet for almost all the cryptos (the most important ones of course, ripple, eth, btc, ltc, and so on)
If you want to store your ERC20 tokens, just store them all on your MEW, but try to protect it with an encrypted Json.

If you do not trade on the exchange, then it is better not to store tokens or money on it. Is it dangerous! Choose a safe wallet and keep the tokens there.

The best way to keep your coins safe is to get wallet for each of them , make a back-up wallet and store them well. You can also choose the cold wallet , there are some good cold wallets out there that are safe to use. But for ripple I don't know any good wallet because I have never owned ripple. Even I don't trust exchanges a lot , PrioritiEX seems to have a fresh new idea about crypto exchanges so I may use it in the future for sure.

you are a senior member and you are asking such questions ???
you should get a Nano S hardware wallet even if you trade, I remember it was supporting Ripple

At least if you are having very good connection and it may better to do your research through google. Because i have seen so many similar thread like this one. rippex, coinpayment, gatehub and various good wallet but ledger nano still become the best choice in my opinion because you are having 100 percent access for your amount rather than using online wallet to store all of your amount.

where and how can I buy that ledger Nano? how much does it cost?

You can buy Ledger Nano on Amazon. https://www.amazon.com/Ledger-Nano-Cryptocurrency-Hardware-Wallet/dp/B01J66NF46 .  (https://www.amazon.com/Ledger-Nano-Cryptocurrency-Hardware-Wallet/dp/B01J66NF46 .). It is about 140 $
You can also directly buy on their web site. https://www.ledgerwallet.com/products/ledger-nano-s (https://www.ledgerwallet.com/products/ledger-nano-s). Which seems to be cheaper.

I do put my coins in an exchanges if I have short term target that I have to set orders but if it's for long
term I think that is not wise to put it in exchanges and it's vulnerable to hacking.
Be smart when investing, know the risk, and if you are really comfortable in exchanges then maybe you should diversify it.

Depends on the amount and the time you intend to keep them. If it less than a few thousand dollars, just keep them on the exchange. It is easier when you want to sell again anyways. If its a larger amount it is worth investing in a hardware wallet like Nano Ledger or Trezor.

Keeping anything on an exchange for longer than a few days is inviting disaster, IMO.  As stated above, you're a senior member of bct and should know at least that much.  Remember Cryptsy?  Remember any of the exchanges that absconded with their customers' money?  Yeah, that's why you don't store anything on exchanges--and that won't change until they get regulated.   

Me, I use Coinomi on Android for a bunch of different coins and I've never had a problem yet.  I don't own any ripple, though. 

If you want to trade those coins right away, no problem. But if you are going to hold them for a long time, I suggest that you'd better download the wallet. It is the safest to take the money in your own hands.

ffs dont buy ure ledger from amazon, ebay or anywhere that is not a trusted seller, plenty folks getting shafted and their coins stolen, use only the original website and DO NOT buy from amazon etc, dont listen to the newbs on here or u will end up getting robbed!

jeez man, imagine recommending amazon etc whats wrong with u folks, dont u read fek all!

Ledger from their website only. They should be adding more alt wallets soon too.

The exchange is not a safe place to keep your coins there, unless you will trade. They will not be responsible for the loss of your coins later.
You should download using coinomi in smartphone android / IOS. You can control it all the time, and you will not worry about the risk of losing it.
you are a senior member you should know the best way to invest.

Keep private keys in the safe, and if you decide to trust their exchange, then check the reputation of the exchange

In a good case, of course, it's worth pumping wallets, it's strange that a tami-ranked account asks such questions, because very often, exchanges conduct a rather strange policy, they simply block wallets when pumping coins or even worse just carry out long-term repairs. It's terrible of course.

The offline wallet is always preferred when you have big or small investment and with he portfolio. In the long terms your portfolio will grow in the price and the value into your wallet will increase automatically. This can be seen with ether address or token address and it could attract the potential hackers. This is simple fact that they will take lot of efforts if your wallet contains worth amount of wealth really. So the good idea is to hold it into offline wallet and if possible and you have big investment then just switch to hardware wallets like ledger nano etc. But never keep the funds in the online wallet in general. You may sometimes loose the private keys, or keystone files etc. This cases have already been registered many times and people have offered thousands of dollars to crack the wallets for getting back their investment. So do avoid that trouble you must use offline wallets. The easy one.

I think it not the right to hold your tokens in exchange site because it can be hack of other hackers out there. Many exchange site had been hack already. Just keep your private key if you have wallet because that is the most important to have a secured wallet all the time. Just be extra careful out there because there is many scammers and many hackers all time here in cryptocurrency world.

You have made a wise decision but you should download some app to make instant sale and check price. But if are comfortable without it that's  your wish.

Just follow the advice given by members which is perfectly adequate regarding your investments. As for a wallet for Ripple, If you are planning to store your fund for the long term then you should use a Hardware wallet like Ledger Nano S.

Don't store most of your altcoins on exchange if you'll only going to hold them for a long time. Download their respective wallets and put it there so if anything happens to the exchange your coins are good and safe. What are these altcoins that you did invested to? Everyone will say here that don't store your coins on an exchange if you have sums of those, you can put a little amount if you'll use it for day trading.

It's still the best thing to keep it locally stored with private keys.

if you do trading frequently please keep in hot wallet like coinbase or myethwewallet.  i can recommended to you myetherwallet its more secure. you can link with etherdelta also

Always invest carefully and don't be too greedy and learn when to sell and buy. Make sure these coins are good and show promising movement. Once you learn this, make sure you store your earnings in a safe wallet like myetherwallet and keep it there secured for future trading, and never give your private keys to anyone, plus i recommend you store the private key on a totally different device instead of your primary device.

Hey,

Thanks for all the answers. Yes, I am a Senior Member on this forum, but I haven't done any investing like this before, I just were basically trading with some other stuff so I had to have quick access and used Online wallet for Bitcoin, but as suggested I'm going to get myself a wallet for Ripple. Thanks!

Regards

it depends sometimes its better for fast moving transaction. if you are planing play long term it would be best to safe yours on wallet such as myetherwallet. but there is a fee if ylu plan to move yours coin to other wallet. maybe safe coin on trading site is good if it trusted and well known.

hold your coins on the  exchange is a risk. do not forget about it! I advise you to install wallets. it is desirable ,that you have a separate computer for wallets.

Its ok to keep in exchange if the exchange have a personal password and id. But if wanna more secure download a wallet. There is a lot wallet for holding coin. But better choose a lot people use so it more trusted than should download new wallet that not much people using.

Only use exchanger as a trading platform, dont use it to store hugh amount of your money.  Use ledger of trezor instead. Here read this as guidelines https://www.ripplecoinnews.com/best-ripple-xrp-coin-wallets

Hey who are you even I don't known you..why give me negative trust

I just splitted my money on different exchanges and get registration in myetherwallet and waveslite because u can use them for huge quantity of tokens. Etherdelta was hacked not far ago but u can use it with mew to trade almost all tokens before they get on big exchages.

If you invest some coins and hold them until you trade on exchange, you should not keep them in the wallet exchange, you can be lost them.
As we know that digital currency is not registered under any state law.So, we have to be very careful when choosing a coin purse for your digital currency and for wallet ripple you can use The Ledger Nano S, Unlike other wallets that have been developed for digital money, this wallet actually has a physical look like a USB device, which can be touched and carried in a pocket, so it's safe from hackers but you must buy it around $ 63- $ 95

Well exchange tokens like COSS and KCS, those that give dividends thru fee-sharing, are pretty much best left on the exchange so you can get your share of the fees.

Never used hardware wallets, I just got my wallets printed on a QR and laminated.

Just hold it and don't use your hardware wallet