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Quidat
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September 12, 2017, 01:28:09 PM |
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If you are a full time trader then you need to take a risk of putting your bitcoins on exchange sites so that you can buy or sell coins but if you are not regular trader then better to keep your majority of funds in wallet and only transfer the amount that you want to trade on exchange sites.
Most people here saying that coins should really be putted on their respective wallet rather than on exchanges but this thing would really be a pain if you are an active trader and as you said you should really take the risk on storing it on exchanges because you can able buy directly once you do see an opportunity unlike if you do still need to transfer it to your exchange wallet came from your local wallet.Its quiet hassle and fees would really be a burden. |
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Collider
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September 14, 2017, 12:45:00 AM |
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I will prefer to keep in both of them as the amount which I am willing to trade will be on exchange site and rest would in my wallet as I need funds on exchange so that I can buy a coin at a right time without making any delay and if you want to trade then you need to take that risk of putting bitcoins on exchange sites.
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subG
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September 14, 2017, 01:09:21 AM |
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Keeping your coins on an exchange even if the exchange has been around for years and have never been hacked is still always riskier than keeping the coins in your wallet. Remember to always back up your wallet on multiple devices to be safe.
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finity
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September 14, 2017, 01:39:57 AM |
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Keeping your coins on an exchange even if the exchange has been around for years and have never been hacked is still always riskier than keeping the coins in your wallet. Remember to always back up your wallet on multiple devices to be safe.
Yes don't forget the bitfinex hacked happened last year where people lost all their coins and even that was a reputed exchange and no one expected that it will ever happen so keep only that amount on exchange that you can afford to loose..best place is to keep them safe in your wallet. |
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forbiddenone123
Member
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Activity: 174
Merit: 15
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September 14, 2017, 04:17:47 AM |
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If you want to exchange coins you need private key to exchange coins. Coins wallet is needed to get you coins from exchanger.
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Bakul banyu
Member
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Activity: 406
Merit: 10
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September 14, 2017, 06:19:33 AM |
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Wallet karna aku yakin lebih aman
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thanhnc46947
Newbie
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Activity: 42
Merit: 0
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September 14, 2017, 09:38:58 AM |
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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?
i think the best you should hold your coin on wallet and save private key at safe place. Dont believe exchange site they can be hack, scam ..... |
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yoonah
Full Member
Offline
Activity: 231
Merit: 100
Presale is live!
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September 17, 2017, 01:50:34 PM |
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Keeping your coins on an exchange even if the exchange has been around for years and have never been hacked is still always riskier than keeping the coins in your wallet. Remember to always back up your wallet on multiple devices to be safe.
Yes I really agree but sad to say I haven't transferred by altcoins in a wallet they are too many but I am trying to transfer one by one slowly. The longevity is not an assurance of a certain exchange not to be hacked because everything can happen in internet. |
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matthona
Sr. Member
Offline
Activity: 350
Merit: 250
Bitcointalk.org
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September 17, 2017, 02:01:20 PM |
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I have no faith in exchange sites as they can be hacked or disappear at any point of time so I keep very minimum amount there and majority of my coins I store in electrum wallet which I feel is the safest place to save your bitcoin without any security issue.
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mercer007
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September 25, 2017, 09:09:46 PM |
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I prefer to convert all in Ethereum.
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chineseprancing
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September 25, 2017, 09:16:30 PM |
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I have no faith in exchange sites as they can be hacked or disappear at any point of time so I keep very minimum amount there and majority of my coins I store in electrum wallet which I feel is the safest place to save your bitcoin without any security issue.
Not all exchange are hacked, maybe it depends how can you handle your account together with your password. To assure the safeties of your exchange account don't discuss to anyone your password and value of amount. In addition used alphanumeric code to lessen the risk of your account in exchange and wallet. |
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rockie2000
Full Member
Offline
Activity: 126
Merit: 100
Waves address 3PP4npcijfECsxrf4Ms4rSxPuZq1kamGn7H
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September 26, 2017, 05:42:36 AM |
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Don't put all eggs in one basket, that's the point! You should keep some coin in your local wallet for long term storage and the rest on several exchanges for trading. That's my suggestion  |
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pungopete468
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September 26, 2017, 02:03:24 PM |
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Don't put all eggs in one basket, that's the point! You should keep some coin in your local wallet for long term storage and the rest on several exchanges for trading. That's my suggestion Yes keep only that amount on exchange with which you are gonna trade and rest should be kept in offline wallet where your coins will be really safe and even you should keep on withdrawing profits regularly to avoid losses in future. |
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Surrapatt
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September 26, 2017, 03:49:15 PM |
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I prefer exchange. Because with that, i can trade with available tokens. So that, Waves i hold can increase. Sure, that's make better than hold it.
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slimikey
Newbie
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Activity: 18
Merit: 0
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September 26, 2017, 09:08:45 PM |
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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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Deborah Christine
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September 27, 2017, 01:12:37 PM |
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I think both have the same security as long as do not forget to install google authenticator or 2FA in our account exchanger.
if it's GA or 2FA install, I'm sure it's safe enough.
according to my own experience even my coins are safer in the exchanger than in the wallet because my wallet had been hacked so all my coins are gone.
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spngebob
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September 27, 2017, 05:59:42 PM |
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Your own wallet. Always.
Exchange can run away with your money, your wallet can't.
Just keep your private keys very close, that is the point.
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aceptamosbitcoin
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September 27, 2017, 07:21:20 PM |
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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?
Wallets of course! never hold on exchanges more than you can afford to lose. Just check how many exchanges are gone in past few years. Disappearing with user funds or user funds 'being hacked'... |
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mkhadazz
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September 29, 2017, 03:17:58 PM |
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Yes. To save, of course wallet is more secure. Because we are holding, not the other side. So full control remains in our hands without need to follow any rules like on exchange.
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zikabra
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September 29, 2017, 03:22:46 PM |
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If you want to exchange coins you need private key to exchange coins.
Nonsense. You don't need private key to exchange coins. Coins wallet is needed to get you coins from exchanger.
Isn't that obvious?  I prefer exchange. Because with that, i can trade with available tokens. So that, Waves i hold can increase. Sure, that's make better than hold it.
But what if someone hack exchange and you lost all tokens? Isn't it better to hold your tokens in wallet where they are safe? |
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