$--Perfect. Exchange-$.
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October 01, 2018, 02:53:29 PM |
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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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JohnPaulJones
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October 01, 2018, 03:28:30 PM |
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Is there a hardware wallet that is compatible with all coins?
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nngella
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October 02, 2018, 12:01:38 AM |
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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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Elqui
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October 02, 2018, 11:39:19 AM |
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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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seoincorporation
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October 02, 2018, 01:34:23 PM |
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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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CodyAlfaridzi
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October 02, 2018, 02:06:44 PM |
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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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Green_Bulb
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October 02, 2018, 07:43:44 PM |
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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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Ezoell
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October 03, 2018, 10:03:03 AM |
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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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raghovsing34
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October 03, 2018, 12:50:34 PM |
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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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BlockTreeClub
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October 04, 2018, 04:00:07 AM |
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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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1Crypto_Mike1
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October 04, 2018, 05:23:19 AM |
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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  The other 40% I actively trade on the larger exchanges like Binance and pro.coinbase.com. |
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corrado25
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October 04, 2018, 05:39:24 AM |
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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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iphy6013
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October 04, 2018, 06:51:49 AM |
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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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Olayinka225
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October 04, 2018, 07:02:53 AM |
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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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BlockTreeClub
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October 04, 2018, 07:23:47 AM |
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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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WiresAreComing
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October 04, 2018, 07:32:12 PM |
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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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Dinosaurhaus
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October 13, 2018, 03:20:59 PM |
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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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Andrew1337
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October 13, 2018, 04:33:00 PM |
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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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cokroalif
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October 14, 2018, 06:51:35 AM |
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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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