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Author Topic: Exchange or wallet?  (Read 1396 times)
lucky_girl (OP)
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September 05, 2017, 06:22:41 AM
 #1

What is more safe to save coins? I don't know if is online platform better then exchange? I have some Waves and some ETH. Waves has online Chrome add-on which is similar with saving Waves on exchange.

What do you prefer? Has Waves wallet 2FA authenticator?
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September 05, 2017, 08:32:56 AM
 #2

The safest would be to have a hardware wallet though it cost something it is worth it too. But if you can't afford it yet or can't buy one as of this time, an exchange is still okay but it is risky because it is still possible to be hacked though even with a 2fa enabled.
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September 05, 2017, 08:44:00 AM
 #3

You need to own the private key(s). that said, no not a exchange.

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September 05, 2017, 08:48:40 AM
 #4

If you don't have the private key, you don't own the coins...
lucky_girl (OP)
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September 05, 2017, 09:36:33 AM
 #5

If you don't have the private key, you don't own the coins...

Where can I get the privat key? On Waves Chrome platform or hardware wallet? Where to find hardware wallet and how much does it cost?
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September 05, 2017, 01:46:58 PM
 #6

Exchanges are used for trading and are not recommended for storing your coins. Better to withdraw your coins from them after you trade.
You should keep your coins in secure wallet. Hardware wallet is the best choice. If it is not possible to have a hardware wallet, Use myetherwallet for your Ethereums and waveswallet for your Waves. For any other coins, visit the official website to know what developers recommend. Sometimes you need to download a wallet for them.

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September 05, 2017, 01:51:32 PM
 #7

Save coins on exchanges kills the purpose of Bitcoin and other cryptos. It's the same as using a bank, but I'm sure you would prefer to be your own bank.

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September 05, 2017, 02:00:41 PM
 #8

Not on exchange, it's hackable. Preferable save your coins on wallet. And be careful while clicking on email. Phising scam are notorious these day. They could get a lookalike website wether it is exchange or wallet site with a little changes on a few letter for their domain name.
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September 05, 2017, 02:06:50 PM
 #9

Not on exchange, it's hackable. Preferable save your coins on wallet. And be careful while clicking on email. Phising scam are notorious these day. They could get a lookalike website wether it is exchange or wallet site with a little changes on a few letter for their domain name.

I think it could just be a common norm to at save coins in a wallet and use only exchange site when trading. I actually havent read any complains about those 2fa authenticator being hacked but i guess there is a chance that they could be hacked. So far in exchange sites that i logged in that has an authentication, i havent lose any money yet. So i guess reading about the site you are going to is more reliable.
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September 05, 2017, 10:56:28 PM
 #10

Remember that exchanges are prone to hack even the biggest and has the strongest security will be penetrated and targeted by hackers. And the bad thing by keeping your coins on exchange is that you dont own the private key, which means that if something happens to them, farewell to your coins.



 

 

 

 

 

 


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September 06, 2017, 12:26:30 AM
 #11

What is more safe to save coins? I don't know if is online platform better then exchange? I have some Waves and some ETH. Waves has online Chrome add-on which is similar with saving Waves on exchange.

What do you prefer? Has Waves wallet 2FA authenticator?

no one here suggests you to save in the exchanger. indeed its advantages can save altcoin with a lot of accounts, but the risk of hack and scam often occur in the exchanger.
you should keep an official wallet, eth myetherwallet.com and waveswallet.io waves

if you use exchanger always use 2fa security.
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September 06, 2017, 04:15:28 AM
 #12

What is more safe to save coins? I don't know if is online platform better then exchange? I have some Waves and some ETH. Waves has online Chrome add-on which is similar with saving Waves on exchange.

What do you prefer? Has Waves wallet 2FA authenticator?

iam prefer save my coin in my wallet support use private key
because is very safe and can use anytime and anywhere,use import private key









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September 06, 2017, 08:30:24 AM
 #13

What is more safe to save coins? I don't know if is online platform better then exchange? I have some Waves and some ETH. Waves has online Chrome add-on which is similar with saving Waves on exchange.

What do you prefer? Has Waves wallet 2FA authenticator?

iam prefer save my coin in my wallet support use private key
because is very safe and can use anytime and anywhere,use import private key

This is a good storage if you want to save your coins for longterm stake but for me I prefer to store my coins on our local web wallet so that if there's emergency needs I can easily exchange it with fiat. And also I do this just to save some fee since its so expensive to transact right now.
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September 06, 2017, 08:47:01 AM
Last edit: September 06, 2017, 10:17:05 AM by africa34
 #14

to save your coins in Hardware wallet is the best think you do ,  Exchanges are used for trading not for save your coins
and it liable to risk of hack and scam .

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September 06, 2017, 10:12:18 AM
 #15

What is more safe to save coins? I don't know if is online platform better then exchange? I have some Waves and some ETH. Waves has online Chrome add-on which is similar with saving Waves on exchange.

What do you prefer? Has Waves wallet 2FA authenticator?
If you only want to store this coin i suggest to use thier own wallet than stored it in a exchange its more secure if you own the private key of every coin yo have . BTW you can use myetherwallet.com for ethereum and waveswallet.io for waves.



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September 06, 2017, 11:30:04 AM
 #16

choose a wallet and having a full private key is sure to be safe because you have full access. saving in exchange is not recommended because it does not have full access.

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September 06, 2017, 03:04:46 PM
 #17

it will be good in wallet, just save your private key and save it in disk or other eksternal memory and not in cloud or drive, if me i write it on paper and laminate it and save it with my other certificate to keep it safely

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September 06, 2017, 06:43:10 PM
 #18

if you don't want to be part of btc-e or mtgoxed one day. keep your coins and token in your own wallet.
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September 07, 2017, 02:18:26 PM
 #19

What is more safe to save coins? I don't know if is online platform better then exchange? I have some Waves and some ETH. Waves has online Chrome add-on which is similar with saving Waves on exchange.

What do you prefer? Has Waves wallet 2FA authenticator?

You mean waveslite ? That's safe for you to store your waves. About other coins , you'd better use a local wallet, that's the safest way .

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September 07, 2017, 06:53:20 PM
 #20

If you don't have the private key, you don't own the coins...

Where can I get the privat key? On Waves Chrome platform or hardware wallet? Where to find hardware wallet and how much does it cost?

You can get private key into waves wallet lite client, I prefer to use stand-alone lite client, to see more details here: http://www.waveswiki.org/index.php?title=Tutorials:_The_User_Interface
I'm not sure there are hardware wallet to waves, for now.
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