NEver keep all your coins on an exchange

[xuan87]

Its true, never keep too many coins on your exchanger website, a lot of people being scam by exchanger lately, so this is a really good suggestion to follow, if possible just store your coin in trusted wallet provider

[Sled]

If you are a trader you have no choice but to keep bitcoin on an exchange. Best you can do is spread your trading over several exchanges.

That's right if you are a trader you can't avoid keeping some coins on exchanges because if you don't keep few amount of your coins there is a chance to miss a opportunity like huge down of the altcoin that your observing for a few days. So it's one of the advantage if we put some coins on an exchangers site because we can grab the opportunity fast.

[Twistedx2]

I think some users find convenience and simplicity in keeping coins in an exchange. All you need to remember is your login and password regardless of the device you are using. However, wallets are becoming easier and easier to use, so there really won't be an excuse soon to have all of your coins in an exchange. Wallets are even mobile friendly now.

[akogwapo14]

I agree with this  many exchanger cannot be trusted my friend already send coin to other exchange but there is no coin receiving in her wallet,  always take care when you send your coin to other exchanges.

[fravia]

I agree with this  many exchanger cannot be trusted my friend already send coin to other exchange but there is no coin receiving in her wallet,  always take care when you send your coin to other exchanges.

thats true, there were a lot of exchanges that went down in the past so i would be really careful about holding my funds in them in order not to get scammed by the owners

i never keep any of my bitcoins or any other altcoins on exchanges because i know that they might scam me any time and i dont want for this to happen and lose my money

[shinratensei_]

I agree with this  many exchanger cannot be trusted my friend already send coin to other exchange but there is no coin receiving in her wallet,  always take care when you send your coin to other exchanges.

every place is always having some risky even you save it into your wallet and no one knows about this it's can't get rid of the dangerous. But to believe with 3rd parties to saving your coin it's not recommended you can get a big deal with this; maybe you can lose your coin at any time. But risks can come from anywhere.

[blackmachinegun]

Its true, never keep too many coins on your exchanger website, a lot of people being scam by exchanger lately, so this is a really good suggestion to follow, if possible just store your coin in trusted wallet provider

yeah I think your idea is good too. But what if someone wants to sell their bitcoin in large quantities in the exchange?
I do not think the problem of storing bitcoin on the exchange. but do not use the exchange as a long-term wallet

[Hellacopter]

All right because always the pc wallet with its private key would be the safest way to store the bitcoins and it's more secure as well. We can't trust exchangers forever even if they seem to be trusted nowadays

[Gilligans]

I don't really have any coins just yet except those that I have earned from faucets but they aren't even enough to be transferred from wallet to wallet.
I'm just going to have to be patient and wait for my rank to go up and hopefully, join a signature campaign so I can earn bitcoins.

[Doms]

I always make it a habit that each time I buy some bitcoins, I transfer it right away to my blockchain wallet. I leave a few and very small amount on my exchange for little things that I have to spend on like cellphone load credits and payment for utility bills.

[Nevis]

Having multiple accounts is necessary to add extra protection on your hard earned bitcoins. Put your bitcoins on your multiple wallets and invest on multiple exchange and not just one. If one will shut down you will have many more extras to replace your losses. But if you only have one and it collapses then it is the end of your exchange and trading activities and you will have to start again from the very beginning which is troublesome.

[moosemoose]

yeah, because they can see your balance and once you put big amounts to it they will block your account and steal your btc. same for btc wallets don't put all of them in one wallet

[Doamader]

Having multiple accounts is necessary to add extra protection on your hard earned bitcoins. Put your bitcoins on your multiple wallets and invest on multiple exchange and not just one. If one will shut down you will have many more extras to replace your losses. But if you only have one and it collapses then it is the end of your exchange and trading activities and you will have to start again from the very beginning which is troublesome.

Sure the rule shouldnt be let all your coin at just one exchange if it close we will loose all the coins inside, but there arent several trusted exchanges nowadays and even those trusted can close doors from no where. I use more then one wallet but the main wallet is the one that has always the funds , the others is to make business.

[diodio5]

Its true, never keep too many coins on your exchanger website, a lot of people being scam by exchanger lately, so this is a really good suggestion to follow, if possible just store your coin in trusted wallet provider

I think it will be the same between onlien wallet and exchange? both are equally a third party.
both have the possibility to be a scam? I think you should find a trusted local exchange. I'm sure they would not be a scam

[coinsocieties]

I have to agree with you , keeping all your money on an exchange would be a bad idea.  there are a number of good exchanges out there, but there is always a chance that they will get hacked or they could fold in general.  Just like investing all your money into a stock, you never know what will happen.

[isen]

Gox
Cryptsy..

If you have most of your coins in Bitfinex.. there will be little mercy when they disappear.

Totally agree with you,also i suggest to everyone not to keep all his bitcoins at online wallets,i still use them for some payments and their are much more safer than an exchanger but i would never trust them all my btc.

[sobsitesearch]

Gox
Cryptsy..

If you have most of your coins in Bitfinex.. there will be little mercy when they disappear.

Totally agree with you,also i suggest to everyone not to keep all his bitcoins at online wallets,i still use them for some payments and their are much more safer than an exchanger but i would never trust them all my btc.

For correction bitcoin is always in online wallet. For me its good if you invest your bitcoin on an exchange how much you can afford to lose and always limit your self investing on that. Much safe to place your bitcoin in your wallet.

[outatime1]

It's true you shouldn't keep much on an exchange. Unfortunately,in order to do trading you have to use an exchange. I recommend only trading with half or less of your bitcoin to protect the other half.

[DaddyMonsi]

I agree with this, never ever keep your coins in an exchange. Once you store your coins in an exchange they have the right to change the rules like how much you can withdraw, how often you can withdraw and how you can withdraw. It sucks that this happened to me when I still have my coins in a local exchange hoping that I can withdraw anytime in an instant, but they changed the rule and asks for more requirements like government issued ID and a selfie pic

[cpfreeplz]

Better yet, never keep any coins on any exchange ever. That way you don't have to trust someone else and when (not if) they get "hacked" you're not completely screwed. Just use an exchange that doesn't hold onto your coins in some imaginary off(or on)-chain 'balance'.