NEver keep all your coins on an exchange

[iqlimasyadiqa]

I think it depends on the exchanger site. Because I'm always leaving my altcoins in c-cex but it never lost. It would be better if you will leave your bitcoins or altcoins in some legit exchangers like c-cex and yobit to be sure that your bitcoin or altcoin would never be lost or get stolen maybe.

it's not a nice way in my opinion. is better to use an exchange only. then you can sell altcoin when prices are high.
because if it continues silenced then altcoin may have a very low price. grab the opportunity to earn better profits.

[1714917555]

1714917555

[JohnyBigs]

Who keeps all their coins in an exchange anyways?
It is just a temporary wallet to conduct business with and should be considered only for that purpose and not a holding area for long term.

[nara1892]

Yes already I had learnt lesson from exchange site. Exchange site are always on their way to loot money especially those site which are less trusted and sometimes more truthful site also runs away with money. They don't have mercy.

That is why we must be choosy to the exchange sites that we are going to invest to. There are poor exchange sites and almost no user and only shitcoins are existing. We must choose exchanger that have already established its name on the market they are less likely to scam you. We must read reviews, trust ratings and the years of existence of an exchanger before placing your coins.

yeah. we need to analize the exchange before saving coins in it. just try to look for some testimonies from those who use an exchange. when you find it good or recommended, then go ahead, but if it is not, just stop.

the point is just be careful in everything you do. think several times before doing something.

[serjent05]

Who keeps all their coins in an exchange anyways?
It is just a temporary wallet to conduct business with and should be considered only for that purpose and not a holding area for long term.

People who are lazy enough to not download a wallet.  I agree it is just a temporary wallet but people use them as storage.  There are some reason for this. One of which is, the person don't have enough disk space to download the whole blockchain so they rely on the exchanges to hold their coins.  Another thing is that they lack knowledge on how to install a wallet or to sync it to the network. And last and most worst is that they are too lazy to move their coins.

[BitHodler]

Who keeps all their coins in an exchange anyways?
It is just a temporary wallet to conduct business with and should be considered only for that purpose and not a holding area for long term.

People who are lazy enough to not download a wallet.  I agree it is just a temporary wallet but people use them as storage.  There are some reason for this. One of which is, the person don't have enough disk space to download the whole blockchain so they rely on the exchanges to hold their coins.  Another thing is that they lack knowledge on how to install a wallet or to sync it to the network. And last and most worst is that they are too lazy to move their coins.

People being lazy is one of the main reasons as to why they don't want to cash out coins. People seeing it as some sort of storage tool is another aspect.

The main reason is to be on time when there is a dump going on. No matter how severe the level panic is, they will start with dumping to prevent even bigger losses.

If they have to send their coins to their exchange, and be forced to wait for 3 confirmations, is something they really can't handle.

That's why they prefer to keep their coins on exchanges all the time as that will allow them to sell immediately. That's what noobs are constantly worrying about.

[Tanic]

Who keeps all their coins in an exchange anyways?
It is just a temporary wallet to conduct business with and should be considered only for that purpose and not a holding area for long term.

I hold all my current savings on exchanger. Because of my campaign transfers my payment there. And I don't want to pay taxes to the site to transfer my bitcoins on my wallet and then again pay tax to move my coins to exchanger back to withdraw it.

[lionheart78]

Yes already I had learnt lesson from exchange site. Exchange site are always on their way to loot money especially those site which are less trusted and sometimes more truthful site also runs away with money. They don't have mercy.

That is why we must be choosy to the exchange sites that we are going to invest to. There are poor exchange sites and almost no user and only shitcoins are existing. We must choose exchanger that have already established its name on the market they are less likely to scam you. We must read reviews, trust ratings and the years of existence of an exchanger before placing your coins.

yeah. we need to analize the exchange before saving coins in it. just try to look for some testimonies from those who use an exchange. when you find it good or recommended, then go ahead, but if it is not, just stop.

the point is just be careful in everything you do. think several times before doing something.

Actually is really not advised to keep your coins in an exchange.  There are several fact that even legit exchange are being hacked.  The worst will be if you let your account 2fa unactivated.  I known someone who have no 2fa in his account and woke up one day that all his coins were hacked.  I think it happens in bittrex, though it is not fault of the exchange but the user himself.  If only he withdraw those coin to his wallet , that case should have been avoided.

[Zadicar]

Yes already I had learnt lesson from exchange site. Exchange site are always on their way to loot money especially those site which are less trusted and sometimes more truthful site also runs away with money. They don't have mercy.

That is why we must be choosy to the exchange sites that we are going to invest to. There are poor exchange sites and almost no user and only shitcoins are existing. We must choose exchanger that have already established its name on the market they are less likely to scam you. We must read reviews, trust ratings and the years of existence of an exchanger before placing your coins.

yeah. we need to analize the exchange before saving coins in it. just try to look for some testimonies from those who use an exchange. when you find it good or recommended, then go ahead, but if it is not, just stop.

the point is just be careful in everything you do. think several times before doing something.

Actually is really not advised to keep your coins in an exchange.  There are several fact that even legit exchange are being hacked.  The worst will be if you let your account 2fa unactivated.  I known someone who have no 2fa in his account and woke up one day that all his coins were hacked.  I think it happens in bittrex, though it is not fault of the exchange but the user himself.  If only he withdraw those coin to his wallet , that case should have been avoided.

If you do value your bitcoin you should really put the maximum security for it and we should not too confident because hacking incidents are happening and hackers are just around waiting for the perfect time.Putting amount or coins on a exchange wallet is risky thats why i transfer my bitcoin on a particular wallet because its more secure.

[Carlsen]

Yes already I had learnt lesson from exchange site. Exchange site are always on their way to loot money especially those site which are less trusted and sometimes more truthful site also runs away with money. They don't have mercy.

That is why we must be choosy to the exchange sites that we are going to invest to. There are poor exchange sites and almost no user and only shitcoins are existing. We must choose exchanger that have already established its name on the market they are less likely to scam you. We must read reviews, trust ratings and the years of existence of an exchanger before placing your coins.

yeah. we need to analize the exchange before saving coins in it. just try to look for some testimonies from those who use an exchange. when you find it good or recommended, then go ahead, but if it is not, just stop.

the point is just be careful in everything you do. think several times before doing something.

Actually is really not advised to keep your coins in an exchange.  There are several fact that even legit exchange are being hacked.  The worst will be if you let your account 2fa unactivated.  I known someone who have no 2fa in his account and woke up one day that all his coins were hacked.  I think it happens in bittrex, though it is not fault of the exchange but the user himself.  If only he withdraw those coin to his wallet , that case should have been avoided.

If you do value your bitcoin you should really put the maximum security for it and we should not too confident because hacking incidents are happening and hackers are just around waiting for the perfect time.Putting amount or coins on a exchange wallet is risky thats why i transfer my bitcoin on a particular wallet because its more secure.

It's not only the hackers. Sometimes you transmit but the exchanges does not add the amount to yor account.
I'ce had such a situation twice already, and it always took me a few days to get it resolved.
Of course my money was not gone, but the opportunity where I wanted to inves was.

[dihari]

Just one question. Why these exchanger doesn't make an insurance for customers fund?
If they do that, I think it will be the main standards for exchanger.

[xSkylarx]

Yes already I had learnt lesson from exchange site. Exchange site are always on their way to loot money especially those site which are less trusted and sometimes more truthful site also runs away with money. They don't have mercy.

That is why we must be choosy to the exchange sites that we are going to invest to. There are poor exchange sites and almost no user and only shitcoins are existing. We must choose exchanger that have already established its name on the market they are less likely to scam you. We must read reviews, trust ratings and the years of existence of an exchanger before placing your coins.

yeah. we need to analize the exchange before saving coins in it. just try to look for some testimonies from those who use an exchange. when you find it good or recommended, then go ahead, but if it is not, just stop.

the point is just be careful in everything you do. think several times before doing something.

Actually is really not advised to keep your coins in an exchange.  There are several fact that even legit exchange are being hacked.  The worst will be if you let your account 2fa unactivated.  I known someone who have no 2fa in his account and woke up one day that all his coins were hacked.  I think it happens in bittrex, though it is not fault of the exchange but the user himself.  If only he withdraw those coin to his wallet , that case should have been avoided.

I think 2fa is not the only reason why your friend's account in an exchange got hacked. His email is also unsecured too. Befofre you can withdraw on those exchanges you need to confirm it via email. If you will change the email in that account you would still confirm it to your current email.

[Dudeperfect]

Who keeps all their coins in an exchange anyways?
It is just a temporary wallet to conduct business with and should be considered only for that purpose and not a holding area for long term.

Sadly there are some users who keep their bitcoins at exchanges with the expections of earning interest (which is usually around 0.0033% daily) but they do not understand the fact that the risk they are taking is actually 100% since we have already experienced the hacking incidents but still there are few users, they ignore precautions.

[Oilacris]

Yes already I had learnt lesson from exchange site. Exchange site are always on their way to loot money especially those site which are less trusted and sometimes more truthful site also runs away with money. They don't have mercy.

That is why we must be choosy to the exchange sites that we are going to invest to. There are poor exchange sites and almost no user and only shitcoins are existing. We must choose exchanger that have already established its name on the market they are less likely to scam you. We must read reviews, trust ratings and the years of existence of an exchanger before placing your coins.

yeah. we need to analize the exchange before saving coins in it. just try to look for some testimonies from those who use an exchange. when you find it good or recommended, then go ahead, but if it is not, just stop.

the point is just be careful in everything you do. think several times before doing something.

Actually is really not advised to keep your coins in an exchange.  There are several fact that even legit exchange are being hacked.  The worst will be if you let your account 2fa unactivated.  I known someone who have no 2fa in his account and woke up one day that all his coins were hacked.  I think it happens in bittrex, though it is not fault of the exchange but the user himself.  If only he withdraw those coin to his wallet , that case should have been avoided.

If you do value your bitcoin you should really put the maximum security for it and we should not too confident because hacking incidents are happening and hackers are just around waiting for the perfect time.Putting amount or coins on a exchange wallet is risky thats why i transfer my bitcoin on a particular wallet because its more secure.

It's not only the hackers. Sometimes you transmit but the exchanges does not add the amount to yor account.
I'ce had such a situation twice already, and it always took me a few days to get it resolved.
Of course my money was not gone, but the opportunity where I wanted to inves was.

Its not really advisable for us to trust investments sites on that  place on which is on darknet because chances of being scammed or you will lost your money is high because most illegal transactions are happening on that place thats why we should be really aware and be cautious on our actions.

[Rinder]

I think it depends on the exchanger site. Because I'm always leaving my altcoins in c-cex but it never lost. It would be better if you will leave your bitcoins or altcoins in some legit exchangers like c-cex and yobit to be sure that your bitcoin or altcoin would never be lost or get stolen maybe.

Is c-cex or yobit more legit than poloniex?

You have got to be joking right? Them two exchanges are scam exchanges and poloniex is the most trusted alt exchange.

I definitely agree that Poloniex is the most solid and respected altcoin exchange in the market, but that doesn't mean other exchanges are scams. Yobit has a horrible support service, which might even take much longer to reply or solve open tickets compared to other exchanges, but that doesn't make it a scam. I can't really comment on C-Cex as I simply don't have much information about this exchange, but from the looks, just as is the case with Yobit, there are a whole bunch of shit coins listed for the sole purpose of earning money. Every fake dev and its shill supporters are looking to buy themselves a position on various exchanges to dump their worthless coins on rookies.

Well i agree with your statements in the general, i just trust into poloniex at the moment its my only exchange, yobit is being used for several devs that wanna to scam, soo they play the pump and dump, the support is something they are taking care nowadays, they hired and moderator atleast, the funny thing is you have or can tip those person for he makes his work.
Bitfinex were an example about what not to do, trust all your coins into one single exchange, but since i do own a small number of bitcoins, loosing them at poloniex at the moment i doubt can happen, but if happens i know the risks i were taking.

[bitcoinisbest]

As there is a saying that never invest all your money under one scheme in the same way never keeps all your coins under one exchange or wallet. Depends if you do not hold much btc then you can keep it, else have the couple of wallets and store them in that, else go for offline wallet to be the safest.

[JohnyBigs]

Who keeps all their coins in an exchange anyways?
It is just a temporary wallet to conduct business with and should be considered only for that purpose and not a holding area for long term.

I hold all my current savings on exchanger. Because of my campaign transfers my payment there. And I don't want to pay taxes to the site to transfer my bitcoins on my wallet and then again pay tax to move my coins to exchanger back to withdraw it.

If your talking about yobit as they are your campaigner in your signature then you are paying 0.0005btc to transfer them out of there. That is roughly $0.34 to get that balance out of there.
Just wait until it reaches a large enough amount then transfer it out to your web wallet.

[crairezx20]

Who keeps all their coins in an exchange anyways?
It is just a temporary wallet to conduct business with and should be considered only for that purpose and not a holding area for long term.

I hold all my current savings on exchanger. Because of my campaign transfers my payment there. And I don't want to pay taxes to the site to transfer my bitcoins on my wallet and then again pay tax to move my coins to exchanger back to withdraw it.

If your talking about yobit as they are your campaigner in your signature then you are paying 0.0005btc to transfer them out of there. That is roughly $0.34 to get that balance out of there.
Just wait until it reaches a large enough amount then transfer it out to your web wallet.

For me it is not a problem 50k sat its still a small amount they are just asking it for the fee not for their earnings yobit honestly they are just making money in fee for every buy or sell there is a fee for every buy and sell.. but for transacting your balance transfer to another wallet you need to pay for a fee it just a good fee that actually the speed and priority is high.

[sportis]

Exchange wallets are only temporary wallets and most of them have only basic capabilities. On the other side if a trader has only a small amount of coins there is no reason transfer to wallet and vice versa because all of his profit will go to miners. But if he invests a respectable amount then he must keep safe his investment.

[bitbunnny]

Exchange wallets are only temporary wallets and most of them have only basic capabilities. On the other side if a trader has only a small amount of coins there is no reason transfer to wallet and vice versa because all of his profit will go to miners. But if he invests a respectable amount then he must keep safe his investment.

Exactly. Exchangers wallet are not ment to be permanent wallets for keeping coins like in storage. Usualy you fund them with the amount you want to exchange and trade but you don't store your Bitcoins there. They are very often target of hackers so you can easily lose your Bitcoins. Be aware.

[TreeOfDeath]

Yess its the nice thing you told us but people understanding and doing wrong things again and again.
even they got the bad experience about it then also wrong decisions have been taken, in future never keep all your coins on exchange.