Bitcoin Forum

Should I buy and hold coin of the exchanges ?
Example: Binance, Kucoin ...

Binance BNB is good hold. They are having great profits and we can aspect a huge burn soon. They'll be burning half of BNB to limit the supply.
Kucoin's KCS when calculated yield fewer profits. I'd rather recommend coss token from the coss exchange or the new popular one from bibox.

I dont have any idea about that coin because that is new to my ears and right now I am curious about what does that coin had and what are its capabilities.

It is up to you, all the answers here is just htoughts and advice.
you and yourself is the only person who can tell that.
make a research, do some studies.

PS...BNB is worth to hold but its really up to you

Well it's really good way to collect altcoins if you hold kucoin coin (don't know about binance) as they award you with small amounts of different altcoins for holding it

Personally I think that it depends on the exchange, if the exchange has a great number of traders that uses their platform to trade cryptocurrencies and performs well then their coin will surely gain more value. If the exchange perform well then it will attract more people to use their exchange and there are advantages of using those coin on exchanges so there is a chance that the demand on that coin will also increase as well as the market price. But personally I think that cryptocurrencies that issued by crypto exchanges are only good for trading and not really good for holding it for a long term investment.

don't leave your coins on exchanges but withdraw on your personal wallet, they will be safer because you have the private key and it's more difficult that someone hacks them

Holding some kucoin shares will give you a daily bonus and the dividends are paid out in cryptocurrency, not USD. Kucoin is one of my favorite trading platform because they offer strong security and fast withdrawal. Instead of investing to an ICO that offers unbelievable high returns, i would definitely choose holding some kucoins because it is more legit and already proved their service to millions of their traders. They also have an customer support that will answer ypu real time which is very convenient. You may visit kucoin website and check their kucoin built in calculator to compute your earnings holding KCS.

I would not advise against leaving your coin in the exchange although personally i also do so at the moment such as Binance, Kraken, Yobit etc

I still do random checks to make sure they are there.

But if possible, hold them in your own wallet. Better sleep at night

Trading platform tokens are now a good investment option. My friend took part in the OKB purchase last month and earned a good profit! I think the tokens attached to the trading platform are all very good!

The best part of holding exchange coins is that they'll profit in both bearish and bullish market.
You can see how binance's BNB rises after a bull and a bear and is already at number 15 beside monero.

Generally, it is good to have an exchanges coin, simply because of the benefits it gives you.

Almost all of them offer a discount on trading fees, that itself is worth it.
Also, as the exchange grows, the value of the coins typically become higher.

But, you also need to be careful.
If you are just holding them as assets and not using them, I would be very picky as to which one I choose.
Kucoin, unfortunately, is just way overvalued in relation to how much volume the exchange does.
BNB is just about right, and can grow more because the burn their tokens.

Another one to look out for is Coss, it is a rapidly growing exchange and their coin is still pretty undervalued.
For long term, there is an up and coming one called localcoinswap, they will release their exchange in august.

No. Been said here quite a few times and this is the worse decision that you will ever make.

Scenarios:
1. Exchange will suddenly close leaving you nothing. If ever there will be a protest to give it back will you win the fight if they have that huge amount of money they took from the exchange. They can protect themselves using it. (maybe some will be given back but it might be those who have large proportions only)
2. Exchange will suddenly make an announcement that they are hacked. True or not it doesn't matter. Say goodbye to your coins.

really, you need to buy it when the price decreases. and hold in a short time only if in exchange.
if hold long term I suggest move to wallet to make it more secure

It depends on your interests and goals bro
Are you interested in the business concept of a project behind the coin? Or do you want to use this coin to get discount on exchange service? if YES, then go to the exchange and buy what you want

I would only recommend for Binance coin since it is the number one exchange for a while and it has a good up and down movement to take profits from. Just make sure that you buy and the bottom.

Yes, those coins are really valuable coins because they belong to the biggest crypto exchanges. As the utility values of those exchanges increase so the value of their tokens. Here you know the potential of the investment you are investing your money. Many exchanges do very well because of the number of people that patronize them daily to make exchange.

If their revenue distribution model is good, then I don't have much of an issue. But in general, I don't trust these exchanges after what happened in 2014. They will vanish all of a sudden, and we'll lose our hard earned money.

It's okay to hold your tokens in exchanges because if you are moving them to your wallet and again to exchange then it takes a lot of money for that.

I prefer the BNB, because it will be very profitable after the bull market, buy it at a fairly cheap price, as it is now, if it is only for the short term, if long-term, it is true some people say to keep it in the wallet to be more secure in a few years, it all depends on what you believe, because there are still the best altcoin now more mature from the BNB, do not make the wrong decision.

It is not necessary to keep your coins on the exchanges if you do not trade them but the data of the exchange is reliable enough and I think there are no very big risks .