Wallet vs Exchange

[blazerculj]

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?

[1714960400]

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[1714960400]

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[1714960400]

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[1714960400]

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[xskl0]

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.

[pinoycash]

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.

[Blake_Last]

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.

[andyf]

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.

[vh]

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).

[morenomunozdelanava]

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?

[ximply]

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

[mk4]

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/

[ethereumhunter]

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.

[chaser15]

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.

[odolvlobo]

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.

[Watanabe1505]

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.

[swogerino]

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.

[Rozita]

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

[morenomunozdelanava]

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?

PS:Thanks!!

[mrblockchain]

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.

[cointhiscointhat]

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.   

[eann014]

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.

[PuraPuraBego]

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