How to store Altcoins (Is Bittrex/Polo safe)

[roberbers]

I'm new in cryptocurrency.

Have been lurking this forum for last week and also did my first investments.

I have invested in:

GNT
GAME
STRAT
TRST
SC
WAVE

I bought them at Poloniex and Bittrex. Is it safe for now to store them there?
Or should I store them in separate wallets? I'm new, so It would be harder for me as I have to create a new wallet for each currency. Or is there any other safe alternative that can store everything? I have heard of Jaxx.

Also, you can discuss or suggest me about my invested altcoins. Do you think they are good? I have profited from all of them for now except for GAME cause I bought it right at the highest bump for about 3$ and then the big crash/dump happened when everything hit red. I, of course, didn't know about that would happen cause I started to read about crypto on that day, lol.

Any tips are welcomed

[davhek]

I would reccomend to store them in wallet
i know it's a pain in the a** and all, but then you're sure they are safe

[VanDeinsberg12]

Never try to store your coin on the exchange site, that means you're keeping your coin on 3rd hand. That's very bad in my opinion. And polo has a lot of problems right now. and i think if that's really bad in my opinion. Don't leave your coin on there.

[Chinsmokers]

I'm new in cryptocurrency.

Have been lurking this forum for last week and also did my first investments.

I have invested in:

GNT
GAME
STRAT
TRST
SC
WAVE

I bought them at Poloniex and Bittrex. Is it safe for now to store them there?
Or should I store them in separate wallets? I'm new, so It would be harder for me as I have to create a new wallet for each currency. Or is there any other safe alternative that can store everything? I have heard of Jaxx.

Also, you can discuss or suggest me about my invested altcoins. Do you think they are good? I have profited from all of them for now except for GAME cause I bought it right at the highest bump for about 3$ and then the big crash/dump happened when everything hit red. I, of course, didn't know about that would happen cause I started to read about crypto on that day, lol.

Any tips are welcomed

3rd party wallet or exchange site is risky better store them on hardware wallet (if you have one). But if you don't maybe you cold store them on a specific coin wallets.

[Cactushrt]

It's safe to store it on myetherwallet but not all of your coin supported on myethewallet. I can't really say that its safe to store on exchanges because you don't have the private key there are chances hackers can get your stored coins

[Reid]

Man. Those are exchange sites. That means you just exchange it there.
If there is an available wallet for your certain altcoin then use that.
I am not saying they are not trusted but it is better to be safe than not.
You will lose nothing by doing that. In fact, you will be doing yourself a favor.

[xuan87]

No that is not safe at all, most of the early users knew what is the danger of storing coins in exchanger, even the strongest and most reputable exchanger can suddenly collapsed and you will lost all of your coin, so it is better to safe in wallet, I know sometimes it can be irritating to save different coin in a different wallet but it is more secure

[genos]

Never try to store your coin on the exchange site, that means you're keeping your coin on 3rd hand. That's very bad in my opinion. And polo has a lot of problems right now. and i think if that's really bad in my opinion. Don't leave your coin on there.

I couldn't agree more with this one, store your coin in exchanger site is very risky to do, just use exchange site for trading and related for it. So don't store your coin on exchanger site for a long time, because third-party can potentially make a risk such as scam, trouble etc everything possible.

[roberbers]

Can anybody suggest something else except myEtherWallet?

[klaaas]

Never leave a amount higher then you want to loose in a exchange. Or any web wallet.

[HongKong]

I'm new in cryptocurrency.

Have been lurking this forum for last week and also did my first investments.

I have invested in:

GNT
GAME
STRAT
TRST
SC
WAVE

I bought them at Poloniex and Bittrex. Is it safe for now to store them there?
Or should I store them in separate wallets? I'm new, so It would be harder for me as I have to create a new wallet for each currency. Or is there any other safe alternative that can store everything? I have heard of Jaxx.

Also, you can discuss or suggest me about my invested altcoins. Do you think they are good? I have profited from all of them for now except for GAME cause I bought it right at the highest bump for about 3$ and then the big crash/dump happened when everything hit red. I, of course, didn't know about that would happen cause I started to read about crypto on that day, lol.

Any tips are welcomed

The Altcoins that you mentioned should have a website where you could download their official wallets. The download link is usually inside of the very first post within their announcement thread as well.
Having your wallet inside of a Bitcoin Exchange is not recommended since those type of websites usually run to the bahama's with the money.

[@prashant]

Can anybody suggest something else except myEtherWallet?

I'm new in cryptocurrency.

Have been lurking this forum for last week and also did my first investments.

I have invested in:

GNT
GAME
STRAT
TRST
SC
WAVE

I bought them at Poloniex and Bittrex. Is it safe for now to store them there?
Or should I store them in separate wallets? I'm new, so It would be harder for me as I have to create a new wallet for each currency. Or is there any other safe alternative that can store everything? I have heard of Jaxx.

Also, you can discuss or suggest me about my invested altcoins. Do you think they are good? I have profited from all of them for now except for GAME cause I bought it right at the highest bump for about 3$ and then the big crash/dump happened when everything hit red. I, of course, didn't know about that would happen cause I started to read about crypto on that day, lol.

Any tips are welcomed

I would recommend use ledger wallet nano s if you can afford.now it comes with top altcoin support as well plus erc20 token support.it give best protection from malware and easy to carry anywhere.

[BitcoinHodler]

if your investment is big enough that warrants a more cautious approach then you have to move them out of the exchange wallet. you can even use the hardware wallet the comment above me suggested if you are willing to spend some money and if it supports the coin you want.

but if it is not really a big investment. (less than 1-2BTC) then the pain of the finding of a wallet, moving the funds and all that is not worth it in my opinion.
i am personally taking the short term risk of keeping the altcoins on the exchange wallet and then dumping it for bitcoin and withdrawing that to my  secure BTC cold storage.

and yes i have lost money in Cryptsy but i will still prefer the way i am using.

[pigheadbig]

I think the most safe way to store your Altcoins is the wallet, rather than the exchange site. Since there is risk of being stolen or if the exchange site are out of service, you can not get your Altcoins immediately.

[ShowOff]

as long as you have 2fa i and use 2fa too on email i think it is still enough to make its secure, but maybe we can suggest bittrex that must use confirmation email too when withdraw with 2fa like poloniex

[Red-Apple]

as long as you have 2fa i and use 2fa too on email i think it is still enough to make its secure, but maybe we can suggest bittrex that must use confirmation email too when withdraw with 2fa like poloniex

the confirmation email is just an additional useless time waster when you have 2FA enabled. there is no point of it, and it really doesn't give you any additional security, your account is as secure as it gets when you enable 2FA.

and all of these things won't save you from the exchange itself getting hacked or even scamming and running away.

[ethereumhunter]

I'm new in cryptocurrency.

Have been lurking this forum for last week and also did my first investments.

I have invested in:

GNT
GAME
STRAT
TRST
SC
WAVE

I bought them at Poloniex and Bittrex. Is it safe for now to store them there?
Or should I store them in separate wallets? I'm new, so It would be harder for me as I have to create a new wallet for each currency. Or is there any other safe alternative that can store everything? I have heard of Jaxx.

Also, you can discuss or suggest me about my invested altcoins. Do you think they are good? I have profited from all of them for now except for GAME cause I bought it right at the highest bump for about 3$ and then the big crash/dump happened when everything hit red. I, of course, didn't know about that would happen cause I started to read about crypto on that day, lol.

Any tips are welcomed

of course poloniex and bittrex is save because every traders which doing trading in poloniex and bittrex doing the same like you. but if you invest for a long term, i think you need to download some multi wallet in your personal computer or your android phone and then you can send it into that wallet until you decide on how much price you want to sell. but if you only doing daily trading, then its fine to save it into poloniex and bittrex wallet so you can right away to sell it when the price is up.

[ulhaq]

Never try to store your coin on the exchange site, that means you're keeping your coin on 3rd hand. That's very bad in my opinion. And polo has a lot of problems right now. and i think if that's really bad in my opinion. Don't leave your coin on there.

What are the problems with poloniex?

[Gotottack]

I'm new in cryptocurrency.

Have been lurking this forum for last week and also did my first investments.

I have invested in:

GNT
GAME
STRAT
TRST
SC
WAVE

I bought them at Poloniex and Bittrex. Is it safe for now to store them there?
Or should I store them in separate wallets? I'm new, so It would be harder for me as I have to create a new wallet for each currency. Or is there any other safe alternative that can store everything? I have heard of Jaxx.

Also, you can discuss or suggest me about my invested altcoins. Do you think they are good? I have profited from all of them for now except for GAME cause I bought it right at the highest bump for about 3$ and then the big crash/dump happened when everything hit red. I, of course, didn't know about that would happen cause I started to read about crypto on that day, lol.

Any tips are welcomed

It is relatively safe but there is still that risk that they declare they have been hacked. But since most of them exchanges nowadays use coldwallets this lowers that risks but hey look at what happened to bitfinex. They still say "they got hacked," which is hard to say if it was true or not as they can just pin it on a hacker and it may have been just them.

[Harry Callahan]

Bittrex and Polo are safe exchanges ,if you are not trading for some time it is wise to hold your coins in a wallet that you control rather than storing it in exchanges as you never know what will happen to your coins if a major hack happens,so be careful where you store your coins.