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Author Topic: Wallet vs Exchange  (Read 4282 times)
blazerculj (OP)
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July 01, 2017, 09:46:49 AM
 #1

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?

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July 01, 2017, 10:10:52 AM
 #2

I keep everything on a hardware wallet and I feel safe. Depending of the amount that you have may you will need to have 50% on exchanges if you want to trade but is safer to keep them on wallets.

BUY / SELL bitcoins  --->  https://bit2me.com/?r=ryOV8xZNb
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July 01, 2017, 10:15:12 AM
 #3

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?



I kept 100% of my funds on my Exchange Wallet (coins.ph) both Spending and building my BTC stash. its more convenient for me to move money/BTC in and out. some says its not the best way to store funds on online wallet. but i prefer the easy method while taking an extra risk.


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July 01, 2017, 10:41:05 AM
 #4

I do not store my coins on exchanges unless there is no available wallet for it except the one's built-in wallet from exchange sites. I kept most of it on a hardware wallet (KeepKey) and the rest I put in my desktop/modified wallet. I just moved or transfer it to an online wallet if I wanted to withdraw my funds or if I need to buy something online.

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July 01, 2017, 01:31:31 PM
 #5

I keep on exchange only the coins which I want to trade or lend, main value is stored in hardware wallets and a small part in metamask for fast eth operations.
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July 01, 2017, 01:34:40 PM
 #6

If you intend to do exchange often keep it there, if you are holding for long period keep it closer in your control (private key control).

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July 01, 2017, 01:36:46 PM
 #7

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?



I have the same question, I have everything on my Bittrex wallet and I keep on reading people who recommend having an offline wallet... I don't know if it's that convenient. Is it unsafe to have it in the exchange?
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July 01, 2017, 03:20:38 PM
 #8

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?



Keep all your coins in a hardware wallet to be safe.  With that you control your coins and you are the only person who have access to your coins.  Its like a vault for your coins.  The setup a mobile wallet for your spending with a little bit of amount.

Like me I also bought the bet hardware wallet in the market right now which is the Ledger Nano S.  It is 100% safe and secured where no one can access your coins except you for it is PIN protected.  If you want to know more about this hardware wallet you can check this out. https://www.ledgerwallet.com
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July 01, 2017, 03:27:39 PM
 #9

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?



I hold it like 99/1, 1% on exchanges obviously(spare change), And you should do that too. Anytime, the crypto exchange can just close and run away with your cryptocurrencies if they wanted to. Also, remember the previous hacks on bitfinex and Mt. Gox? Those events should already be a lesson for crypto holders.

News links for those interested:
Mt. Gox: https://www.wired.com/2014/03/bitcoin-exchange/
Bitfinex: https://btcmanager.com/bitfinex-confirm-64-million-hack-btc-usd-slumps/

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July 01, 2017, 03:30:14 PM
 #10

for now, i am keeping my coins in polo, bittrex, yobit, and cryptopia for like 50% and keep another of my coins in coinomia, coin payments, and jaxx like 50%. i am doing this because i want to keep the other amount in android phone and makes the coins as investment. beside that, i don't want to take a risk to save all of my coins in the exchanges.

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July 01, 2017, 03:37:30 PM
 #11

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?



Because I do trades regularly, almost majority of my bitcoin quantities are on exchanges. Why? It's easy to execute trades while they are on exchanges because coming from a main wallet, bitcoin will surely eats too much time just to arrived on exchanges especially with the current bitcoin network status.

I know the risk after all and Im eyeing too for long term holding but I want to play with my coins and not just to let it sleep on my main wallet. This is part of the challenge.

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July 01, 2017, 04:31:56 PM
 #12

my question is, how much coins you keep in wallet and how much on exchanges?
Is it like 50/50 or more like 90/10?

I can think of only one benefit of storing your coins on an exchange over storing them in your own wallet:
  • Convenience for trading.

Many people believe that storing them on an exchange is more convenient than storing them in your own wallet, but that is not true. Just try a wallet like airbitz and see for yourself.

If you aren't trading, then storing your bitcoins on an exchange is a bad idea. There are no advantages and many disadvantages.


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July 01, 2017, 05:02:54 PM
Last edit: July 01, 2017, 06:42:29 PM by Watanabe1505
 #13

It depends on your purpose. In general, If I don't have any plan to trade I usually store coins within non-exchange wallet by staking ( if it's build upon POS algorithm ) and by against hacking issue because wallets from exchanges are not secure. We had a hacking operation on Bitfinex as an example.
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July 01, 2017, 05:32:47 PM
 #14

We have seen many exchanges getting hacked/going scam like Cryptsy for example and we have no guarantee that the exchange we are using will not go the same way as Crytpsy. It is not recommended to put more than 10% of your whole amount of bitcoins in an exchange, 90% should stay with you in your desktop wallet so you are not affected that much if anything bad happens to the exchange.

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July 01, 2017, 08:52:16 PM
 #15

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?



I have the same question, I have everything on my Bittrex wallet and I keep on reading people who recommend having an offline wallet... I don't know if it's that convenient. Is it unsafe to have it in the exchange?

It is not safe. When you keep your bitcoins in an exchange, It is like that you have trusted to a person to keep your bitcoins and he can steal them easily. keeping coins in this way is convenient, but it's risky
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July 02, 2017, 06:17:12 PM
 #16

OK then, I will have a look soon, before 1st au.
Do they charge any fees when moving the coins to the wallet and back? Huh

PS:Thanks!!
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July 02, 2017, 08:17:26 PM
 #17

This is my thought too. Now that BTC is so valuable it seems like cold storage is the way to go.

If you aren't trading, then storing your bitcoins on an exchange is a bad idea. There are no advantages and many disadvantages.

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July 03, 2017, 12:30:37 AM
 #18

It depends what you're doing with your coins.  I keep a couple of wallets and also a large chunk on a what I feel is a safe exchange because I am constantly trading the money that I keep in the exchange.  I use the wallets (online, paper, and hard) more as diversified long-term holdings.   
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July 03, 2017, 05:00:58 AM
 #19

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?


I am more on saving to wallet than to exchange because I don't still have enough knowledge to exchange more than 50% of my bitcoin.
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July 03, 2017, 05:03:39 AM
 #20

That's are depends my bitcoin for. If I would to do some a trade, so I kept all my rest bitcoin to Exchange. If I would to kept my bitcoin on rest I saved them on my wallet
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July 03, 2017, 10:09:07 AM
 #21

I only transfer bitcoins to an exchange when am in need of other altcoins as it's been said to be risky to store bitcoins on such platforms unless you are a day trader.
A wallet you have access to the private keys should always be prefered for holding purposes or general use.
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July 03, 2017, 02:19:45 PM
 #22

Way back 2015, i'm storing my btc in local exchange wallet but after I heard that they will locked your accounts and hold your btc if they found out that your btc came from gambling, which is against their rules. I don't store anymore my btc in exchange wallet because of fear that it will happen to me because most of my btc is mainly from gambling. As well as you don't have a control on your wallet, you don't have a private key on it. There's also a chance that exchange could turn into scam, could be hacked, etc. Unlike the one i'm using now which is mycelium wallet, way better.
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July 03, 2017, 02:59:43 PM
 #23

Depending on the purpose using, with me deposit 80% BTC on exchange and holding 20% on Wallet PC. Because I'm a trader and always need BTC for buying altcoins cheap anytime, if keep on Wallet PC, very difficult when send BTC to exchange and need time to confirm transaction, sometimes waiting that will miss opportunity "shopping" time =))
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July 03, 2017, 10:58:46 PM
 #24

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?


In depens what you are doing with your coins and how much do you have.
If you aren't trading and just holding bitcoins, it would be best to keep ALL coins in a wallet. If you are trading, keep on exchange amount of bitcoins, which would be enough to trade.
I'm not serious trader, so I'm only keeping less than 10% of my bitcoins.

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July 03, 2017, 11:33:49 PM
 #25

It is safer to keep your coin in your wallet, exchanger is not a good place to store your coin, unless you are ready to lost it, I kept 10% of coin in exchanger for trading purpose, and all the profit I made, I sent it to my wallet, I never put too many coin in exchanger
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July 05, 2017, 02:12:43 AM
 #26

I store my BTC on exchange now to avoid fees.
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July 05, 2017, 02:19:58 AM
 #27

I store my BTC on exchange now to avoid fees.

If it is little amount ofcourse that's ok, but if someone have a lot of cryptocurrencies it is very dangerous. We have many examples from past that even very trustable exchange can be hacked or just rob their clients.

Question about % of that what you keep on exchange or in your wallet depends from that for what you need this crypto, and how much you own. Traders usually more of their coins keep on exchanges (but not on one exchange - less risk). If cryptocurrency is your investition, for sure you should keep 99% or even 100% in secure wallet.

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July 05, 2017, 01:53:42 PM
 #28

For small amount of coins you can store it in exchange so you can make use of the trading platform.

If you are investing heavily on coins and looking forward to grow it and keep it in a safe place then you can put it in a paper wallet also know as cold storage. 

But if you want better than paper wallet which will allow you not just to store it safely but also gives you the ability to transact safely then you need to get your self a hardware wallet like Ledger Nano S for it will make you save your bitcoin, altcoin, and even ripple and ether.  No matter what happen your coins is safe with you for you keep your own private keys. Its malware proof so really safe and you will have your peace of mind for a small amount of money to store your coins.

I bought mine for i really like bitcoin and just like the concept of decentralize, i dont want anybody keeping my bitcoin for me.  i alone will have access to my coins. Smiley

Here is the link if you want to check out this amazing hardware wallet: https://www.ledgerwallet.com
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July 05, 2017, 02:10:13 PM
 #29

It all depends on the amount that I keep and future goals!
Small amounts that you plan to use in the near future, it is better to store in exchanges! Long-term storage of large amounts is better in wallets!
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July 05, 2017, 02:15:24 PM
 #30

And would you recommend Electrum? Or do you have a different favourite? What are the prons and cons? I´m looking to transfer everything to a wallet before Aug.1st just in case...  Undecided
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July 05, 2017, 02:27:29 PM
 #31

I store my savings Bitcoin in paper wallet. I store my coins in computer wallet max. $1000.
If I will get over this, I immediately either sell or send back to $1000. On phone $250 and $50 on online wallet. On exchange I keep bitcoins when I trade and when I don't trade I don't keep them.
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July 05, 2017, 04:49:47 PM
 #32

I tend to keep my bitcoins on web wallet than exchanges I'm not an investor type and I regularly cashout my bitcoins for general purposes and expenses. I haven't encountered difficulties in my current web wallet and its very convenient for me use meanwhile exchanges had lot of issues for me and doesn't fit my lifestyle.
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July 05, 2017, 07:15:43 PM
 #33

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?



Basically, I dont keep much on exchanges / Online wallet for the sake of security and peace of mind. A hardware wallet such as trezor and ledger is always recommended to store bitcoins and is the safest choice.

Though, when I do use an exchange for trading purposes, I make sure I withdraw the funds immediately to my hardware wallet. The only thing which I feel like a problem is that 90% of the altcoins are not supported by these hardware wallets so sometimes I am forced to keep the funds on an exchange.

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July 05, 2017, 07:29:24 PM
 #34

I prefer letting everything secure in my wallet ! I only leave in the exchanges  the coins that I think I will need for exchanging, and not all of it !
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July 05, 2017, 07:44:47 PM
 #35

Technically, you should only use exchanges if you actively do business on them (i.e. trade, etc.). For example, I keep "a bit" Wink on LocalBitcoins in case I need to sell some fast or whatnot.

With that said, you should get into the habit of storing your Bitcoin on paper wallets or a client like MultiBT. A paper wallet in particular is a surefire way to keep them secure, so long as you don't lose the paper! (paper wallet = CASH)
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July 05, 2017, 08:45:23 PM
 #36

Hello

I keep about 90 percent on exchanges for short amounts of time, but I do not have them all on one exchange. I have them on many many multiple exchanges under different names and all that.

Why do I do this? Because I trade frequtnly and go back and forth between other coins. If you are doing that you basically have to keep your coins on there because sometimes a good trade comes up to make 10% and you only have 30 minutes to do it or less, and it may take too long to transfer your coins to the exchange or you are not home and not able to access your pc to send them to exchange.

If you are not trading almost ever, it is better to back up your coins securly and make multiple back ups on your devices.
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July 05, 2017, 09:22:26 PM
 #37

I don't consider bitcoin on an exchange my bitcoin.

It's only a matter of time until an Exchange screws you over (either deliberately, or inadvertently).

If you actually need to use an exchanges services then my all means temporarily locate them there - but upon completion move them back to your hardware wallet.

p.s.  It doesn't matter how goes a trader someone is if their exchange ends up costing them their gains.

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July 06, 2017, 09:36:57 PM
 #38

I think it's always a good idea to have at least a part of your coins on an offline wallet, definitely if they're worth more than you're willing to lose.
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July 07, 2017, 04:33:19 AM
 #39

Closer to 90/10 for me.  Just enough on the exchanges to trade.  Everything else safely away from those greedy hands.

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July 07, 2017, 11:46:46 AM
 #40

as a newbie, in the future i keep my bitcoin and invest in trade... i think online wallet is safe...i suggest always need a backing up for security of your wallet... i'm not sure as a newbie what is best wallet use for safety... i will search the best wallet very safe...
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July 07, 2017, 05:16:03 PM
 #41

Since I am trading a lot, I keep 90% of my coins on exchanges (Bittrex, cryptopia, livecoin, novaexchange). Then my other 10% on a hardware wallet.
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July 08, 2017, 07:54:50 AM
 #42

If you have a hardware wallet, how often do you back it up ?
Is there more risk to have your online wallet hacked than to lose your hardware wallet ?
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July 08, 2017, 08:15:56 AM
 #43

A wallet is far more secure than anything else! Just remember this and don't keep anything on an exchange you're afraid to lose. Smiley GL

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July 08, 2017, 09:41:53 AM
 #44

If you have a hardware wallet, how often do you back it up ?
Is there more risk to have your online wallet hacked than to lose your hardware wallet ?

If you lose your hardware wallet you can restore your coins using a mnemonic phrase of 12 words. When you start the hardware wallet for the first time you have to write 12 words on a paper and store this paper on a safe place, in case of lost you can restore all the wallet.

BUY / SELL bitcoins  --->  https://bit2me.com/?r=ryOV8xZNb
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July 08, 2017, 01:33:28 PM
 #45

90/10 for wallet/exchange.

Never store your coin on exchange.
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July 08, 2017, 01:37:10 PM
 #46

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?



I keep my coin almost 90% on my wallet, the rest in my online account. I just used my exchange accounts if I need to make withdrawal to fiat money. Because anything can happen if you trust an exchanger..
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July 08, 2017, 03:39:37 PM
 #47

i keep my wallet online,.. online wallet is very secure for me,..can't open without verification sending my email address... i don't know the wallet is secure because can't already...
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July 09, 2017, 06:04:41 AM
 #48

70% in the stock 30% wallet,
The profit from the market will be send to my wallet
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July 09, 2017, 07:12:46 AM
 #49

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?



More like 99% to 1%

Only keep money on exchange when you directly have to trade coins, like the trading part of your portfolio.

The rest of it on offline computer only or hardware wallet.


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July 13, 2017, 09:11:16 AM
 #50

OK then, I will have a look soon, before 1st au.
Do they charge any fees when moving the coins to the wallet and back? Huh

PS:Thanks!!

yes, every time you transfer you pay a fee
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July 13, 2017, 10:20:43 AM
 #51

Choosing between a Wallet or an Exchange will come down to what you intend to use your bitcoins and how frequent you will be using your bitcoins and for what purpose. For a user like me who trades less 90% of my coins will stay in my wallet for easy access and the rest can stay on an exchange, then for users who are day traders more coins are likely to be stored on an exchange for faster trade executions.
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July 13, 2017, 12:38:09 PM
 #52

definitely keep in cold storage at least 90% of your bitcoin or whatever cryptocurrency the rest in a few exchanges that you want to trade in... just so many wallets in exchanges being hacked....
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July 14, 2017, 11:34:58 PM
 #53

If you are not a trader then of course a Wallet! If the exchange will be closed, then you probably will not see your coins any more.
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July 15, 2017, 06:23:00 PM
 #54

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?



People should just keep as much on exchange as they feel like it's worth the risk. Exchanges get hacked all the time, it's your choice how much you want to risk.

I think it's like 80-20%, the 80-20 rule is very important. Keep 80% in safe place and 20% in a less safe, risky place.

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July 15, 2017, 06:37:21 PM
 #55

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?



People should just keep as much on exchange as they feel like it's worth the risk. Exchanges get hacked all the time, it's your choice how much you want to risk.

I think it's like 80-20%, the 80-20 rule is very important. Keep 80% in safe place and 20% in a less safe, risky place.
You got the point there are people are just want their bitcoin to stay in exchange site that actually risky to do anytime there are trading site or exchange site can be hacked just like the other exchange site.. The traders reason that is why they are keeping their funds into exchange because the fee is really high so if they keep their funds in exchange site they can be less fee to pay..
unlike other people that they are transferring their funds into hardware wallet just to make their coins safe.. Right now we should put our coins into hardware or desktop wallet which is safe just like theymos said that its not safe to before segwit to keep our coins in exchange sites.

Make crypto as your bank.
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July 16, 2017, 02:05:42 AM
 #56

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?



i don't save my coin in exchange at this moment because in my opinion it's not safe for long periods. but several months ago i ever put my coin there, as far as i remember about  80% on my wallet and remain i put in exchanger.

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July 27, 2018, 11:08:15 AM
 #57

there is a very fine line of difference between an exchange and a wallet, a wallet is where you store your cryptocurrency or get bitcoin, an exchange platform is where you trade your crypto coins in the turn of the other altcoins in the market
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August 03, 2018, 07:06:26 PM
 #58

What you prefer over an exchange platform or a wallet totally depends upon the type of investor you are, if you are a long-term investor who closes to no exchanges then wallet is good for you otherwise the exchange platform is the best option for a day trader
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August 03, 2018, 10:22:28 PM
 #59

My opinion is that i hold most of my cryptocurrencies as follows -
1. Bitcoin i keep in the exchange, which has been verified for several years and i have complete confidence in this exchange.
2. Alts - 50/50
3. Tokens - all in the MEW wallet. Keystore/JSON File Backed Up.
If you have a large number of cryptos you should definitely keep them in a safe form, such as Trezor wallet or Ledger wallet. And you should have privkeys of your wallets backed up somewhere away from the computer.
I'm not a big business trader, but if you have big investments, you should watch for the greatest possible safety.

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August 03, 2018, 10:56:51 PM
 #60

Guys please don't bump a thread that's a year old and inactive if you're about to say words that has been expressed already.



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August 04, 2018, 02:03:51 AM
 #61

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?


I keep my all coins in exchange wallets. Like bittrex and livecoin. Even I also use coinbase for bitcoin. But most of the coins I keep in exchange site. Because exchange site is safe for coins.
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August 04, 2018, 03:26:07 AM
 #62

Well, at the moment im keeping everything in my wallet since i stopped day trading. I belive that it is more safe in the wallet than in exchanger.

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August 04, 2018, 07:00:32 AM
 #63

I think you should  always keep balance on your wallet.
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August 04, 2018, 10:48:09 AM
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I keep it all on my wallet, 40% on the Binance trading platform.
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August 04, 2018, 12:09:53 PM
 #65

At present, I will keep 30% coins in my wallet and 70% for the trading platform. My experience and knowledge are not so much, so I only use a small portion of my assets to invest in Cryptocurrency, I want I experience it myself.
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August 04, 2018, 01:33:42 PM
 #66

%30 wallet (ledger nano s), %70 exchange. I normally keep all erc20 and neo(&nep5) tokens in my ledger but I want to buy the dip, sell the little pumps Smiley that's why I'm in exchanges more. Also I couldn't use stop loss (because everything was in ledger), some of my tokens are -5x in usd lol Cheesy
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August 04, 2018, 01:55:45 PM
 #67

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?



I also do it like you. 50/50 for Wallet vs Exchange
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August 04, 2018, 02:15:21 PM
 #68

I'm hold ERC-20 tokens only on my ETHWallet with Trezor Access. If that BTC or another blockchain I'm prefer keep it on exchanges(with 2FA)
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August 04, 2018, 03:03:01 PM
 #69

Well, crypto is all about self-responsibility and hence I do not keep more than 10% funds on the web wallets or exchanges. I am using Trezor hardware wallet and another paper wallet too where I hold my 90% of the funds under my control. As we all know that crypto transactions are irreversible, the only way to keep the funds secure is to hold it offline in a secure manner.
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August 04, 2018, 03:45:25 PM
 #70

Vote for exchange. It should be fast.
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August 04, 2018, 04:15:12 PM
 #71

If you are looking into long-term investment, then Wallet and (preferably cold storage) is better.

On the exchange, you only keep amounts you want to trade. Not more. Or the amount that you actually want to pay out.

There is at least one article on news that exchanges have been hacked. I don't like paying Gas for transfers from exchange wallet to my private one, but this is the only way to have them safe. In my case for the last three months its 100% on wallet.

I am looking into trading and investing now, so most likely will be transfering either onto Hot Wallet or Exchange, depending of what I want to do.
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August 04, 2018, 07:12:23 PM
 #72

Is it like 50/50 or more like 90/10?

Also, keep in mind that it's at least as much important to have part of your funds in fiat. There you'll also have to decide if you keep part of the fiat on an exchange in order to be able to make quick decisions.
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August 04, 2018, 08:13:20 PM
 #73

If you Hold long term,store in wallet is good option.I you intend to trade time to time keep your coins in the exchanges,otherwise you have to pay unnecessary fees for transferring coins wallet to exchange & exchange to wallet.

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August 05, 2018, 06:13:32 AM
 #74

95% hold on the wallet because it is for the long term
and 5% hold on the exchanger for short term
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August 05, 2018, 06:46:45 AM
 #75

I hold all coins on exchange and wallet ( 60/30 )
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August 05, 2018, 08:03:00 AM
 #76

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?



You can keep your money on "cold wallets" and when you want to invest, use it.
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August 06, 2018, 01:25:35 PM
 #77

I keep all my funds on wallets. The only exception is when I daytrade but I do it pretty rarely.
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August 06, 2018, 01:50:33 PM
 #78

If you are looking into long-term investment, then Wallet and (preferably cold storage) is better.

On the exchange, you only keep amounts you want to trade. Not more. Or the amount that you actually want to pay out.

There is at least one article on news that exchanges have been hacked. I don't like paying Gas for transfers from exchange wallet to my private one, but this is the only way to have them safe. In my case for the last three months its 100% on wallet.

I am looking into trading and investing now, so most likely will be transfering either onto Hot Wallet or Exchange, depending of what I want to do.

That is great, but what about when you have a lot of different coins? You would have to download all the wallets for each.

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August 06, 2018, 02:01:55 PM
 #79

There is no exact ratio.

Holding your assets on exchanges is not recommended because, thus, you trust a third party with your private keys, which is always less safer than keeping the keys to yourself.

If you are a long-term investor, it is essential that you store your assets on a hardware wallet, such as Trezor or Ledger Nano S.

If, however, you day-trade, you of course gonna need those coins at an exchange.

So it’s completely up to you.
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August 07, 2018, 03:14:54 PM
 #80

I keep all my money on the Wallet Exchange because it's safe for my money. Depending on the purpose of using my bitcoin, I will trade as needed.
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October 01, 2018, 02:53:29 PM
 #81

I for example on the stock exchange do not hold coins. They're at Ben's there to sell or trade. And coins I keep on the desktop wallet is more secure.
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October 01, 2018, 03:28:30 PM
 #82

Is there a hardware wallet that is compatible with all coins?
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October 02, 2018, 12:01:38 AM
 #83

I think it is dependent to you?
The more loyal to are to a certain token then you will store it on the wallet of the said token.  However, if you will trade on a regular basis, then have more of your tokens on exchanges.

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October 02, 2018, 11:39:19 AM
 #84

When you want a long time investment, you have to store it on a hardware wallet which is safe and you can assure that it can’t be hacked, but if you want to trade, you have to put it in exchange for less transaction fees on transferring coins.
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October 02, 2018, 12:22:03 PM
 #85

Is there a hardware wallet that is compatible with all coins?
They have their own preferred coin to support and the top three hardware wallets does have similarity for few coins. See if your favorite coins are being supported by them.

https://trezor.io/coins/
https://www.keepkey.com/cryptocurrencies/
https://support.ledgerwallet.com/hc/en-us/articles/115005304449-Supported-crypto-assets



I only send my coins to an exchange if I'm about to sell.

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October 02, 2018, 01:34:23 PM
 #86

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?



is a bad idea to keep the coins on the exchanger, we can see in the past lot of people losing money doing this and the best example is the MTGOX, millions was gone in that example, but that doesn't mean wallets are the most secure thing. But at least with wallets you can backup the private key, that way if the wallet get fucked you can import the private key from your addy to other wallet and access your coins.

So, my recomendation is to use exchangers only when you want to exchange, other way hold the coins in your wallet.

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October 02, 2018, 02:06:44 PM
 #87

100/0. Seriously, you shouldn't keep your coin in exchange if you don't need it to be there for immediate trading.

I keep my all coins in exchange wallets. Like bittrex and livecoin. Even I also use coinbase for bitcoin. But most of the coins I keep in exchange site. Because exchange site is safe for coins.
It's not, duh. Haven't you heard news about exchange hacking? It's still happening often and most of the time exchange don't reimburse your hacked coins.
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October 02, 2018, 07:43:44 PM
 #88

I always keep my tokens in the wallet, the only time they`re on any exchange is when I trade.
Doing only small trades now, so I`m okay with online wallets - probably will invest in hardware ones later.
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October 03, 2018, 10:03:03 AM
 #89

If the coin is active at auction, then I trade it and if not then I bring to the desktop wallet. I don't keep coins on the stock exchange.
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October 03, 2018, 12:50:34 PM
 #90

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?


Personally I'm holding my 40% coins on different exchanges. Cause I like to trade cryptocurrency and that's why I need to store my coin on exchange and some of them I store on my own wallet. Cause exchange is less secure than a personal wallet.

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October 04, 2018, 04:00:07 AM
 #91

when people ask me this question, i always advice them it's best to store it in wallets rather than exchanges.
unless they intend to trade the coins immediately.
if not, it's always safer to store them in wallets since you're the one who controls the private keys.
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October 04, 2018, 05:23:19 AM
 #92

I store 60% on a hardware wallet. These are the coins I plan on keeping for at least 5 years.

I locked my Ledger Nano in a fireproof safe. Put it in my closet. And told my wife to hide the key from me. Just in case I try to panic sell  Wink

The other 40% I actively trade on the larger exchanges like Binance and pro.coinbase.com.
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October 04, 2018, 05:39:24 AM
 #93

 Cold Wallet is more reliable.But cold wallet is not comfortable at this moment when your coin is pump. Its take some time to transfer your coin to exchage if you want to sell it and until it comes to the stock exchange price may already fall. Second not convenience is if you want to hold a lot of different coins in cold wallet you must install wallet for each coin.The only plus of this cool wallet is the safety of coins

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October 04, 2018, 06:51:49 AM
 #94

I rarely keep coins on exchanges, I mean after I got burnt doing so, I didn't need anyone to advice me.
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October 04, 2018, 07:02:53 AM
 #95

As for me, I kept or have a larger amount of my coins on exchange just because I don't just think I can begin to send all tokens bought right to exchange because lot's of them are meant for short term investment i.e buy at lower rate and sell at little higher rate. Though the idea is not good such token wallet can be hacked on the exchange.
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October 04, 2018, 07:23:47 AM
 #96

As for me, I kept or have a larger amount of my coins on exchange just because I don't just think I can begin to send all tokens bought right to exchange because lot's of them are meant for short term investment i.e buy at lower rate and sell at little higher rate. Though the idea is not good such token wallet can be hacked on the exchange.

in your case, yes then it makes more sense leaving it in the exchange.
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October 04, 2018, 07:32:12 PM
 #97

Being too paranoid I keep larger part of my crypto in the hardware wallet to be on the safe side.
Still have some amount on several exchanges, can`t tell the exact proportion - it depends on the market condition, but usually around to 35/76 where 35 is on exchanges.
Never on the same one, I prefer to spread to reduce risk.
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October 13, 2018, 03:20:59 PM
 #98

I think it's best to keep 100% on a cold wallet, because it's the safest place!

It is best to have a computer disconnected from the Internet. And use special software - for example, Linux. These are old but highly effective recommendations.

I think you all heard about how often exchangers are hacked and funds stolen from there. Therefore, it is not necessary to keep large volumes on the exchange.

Of course, for a trader, this is not realistic, but this is such a job, and there are corresponding risks.
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October 13, 2018, 04:33:00 PM
 #99

Do not hold your coins in a exchange . If you were following the social media you could see that at least 2-3 big exchanges are getting hacked each year and millions of usd are lost . You should buy a hardware for holding your coins safe
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October 14, 2018, 06:51:35 AM
 #100

Do not hold your coins in a exchange . If you were following the social media you could see that at least 2-3 big exchanges are getting hacked each year and millions of usd are lost . You should buy a hardware for holding your coins safe
yes, I also agree, all of my assets are stored in a wallet, not in the market, because I am traumatized by the occurrence of the Coinrail market
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October 14, 2018, 09:39:13 AM
 #101

Do not hold your coins in a exchange . If you were following the social media you could see that at least 2-3 big exchanges are getting hacked each year and millions of usd are lost . You should buy a hardware for holding your coins safe

Big but not top-5. I think if one of them is hacked, the whole market will collapse.
Keeping coins on the exchange is not bad if you trade constantly, otherwise it’s really wiser to use some cold wallet.

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October 14, 2018, 04:05:40 PM
 #102

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?



I just keep my wallet those tpken which I am keeping for long time hold. I put those token on exchange which I usually use for trading. That's my strategy and its so simple.

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October 14, 2018, 04:47:33 PM
 #103

Ok,

my question is, how much coins you keep in wallet and how much on exchanges?

Is it like 50/50 or more like 90/10?



Well, my assets is worth around $500 at this moment, I keep $325 in the exchange wallet (HitBTC) and put the rest in my wallet (MyEtherWallet)

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