Leave Bitcoin in Exchange?

[ilRena]

Some people says that the wrost thing to do is leave your bitcoins in some exchange.
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.

Do you recommend to me to move this bitcoin to a wallet like Electrum?

[RodeoX]

Hell yes move it. If you do not have exclusive control of your private keys then you don't have bitcoin. When I use an exchange I only leave coins for a few minutes tops. Consider that you don't know these people and have zero ability to recover your BTC if they decide to take them.

[SM23031997]

Some people says that the wrost thing to do is leave your bitcoins in some exchange.
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.

Do you recommend to me to move this bitcoin to a wallet like Electrum?

Leaving all funds in an exchange is risky as they are more prone to hack as they have to deal with a greater number of hack attempt than usual.
And a single successful attempt can cause huge loss of funds to them as well as you.

[stompix]

Some people says that the wrost thing to do is leave your bitcoins in some exchange.
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.

Do you recommend to me to move this bitcoin to a wallet like Electrum?

Replace some with EVERYBODY with a brain.

Bitcoinica, gox, mint, btce, inputs...how many of those need people to experience on their own skin before they realize that when you deposit coins on an exchange you basically lend them with no contract and no real way of getting them back legally if something bad or a "hack" happens.

Do you even know where this payeer is located? Who they are?
A LLC limited liability company based in Georgia (the country). Nice.

[stomachgrowls]

Some people says that the wrost thing to do is leave your bitcoins in some exchange.
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.

Do you recommend to me to move this bitcoin to a wallet like Electrum?

Replace some with EVERYBODY with a brain.

Bitcoinica, gox, mint, btce, inputs...how many of those need people to experience on their own skin before they realize that when you deposit coins on an exchange you basically lend them with no contract and no real way of getting them back legally if something bad or a "hack" happens.

Do you even know where this payeer is located? Who they are?
A LLC limited liability company based in Georgia (the country). Nice.

I bet that he didnt even know such thing. Just like what most people suggesting on here better to moved out those funds of yours in payeer and its much better to keep those funds on electrum.It might be small but still thats money and losing them wont really give a good feeling.Never ever leave your bitcoins into places on which you dont have the possesion of your keys.Its too risky.

[Argon2]

Some people says that the wrost thing to do is leave your bitcoins in some exchange.
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.

Do you recommend to me to move this bitcoin to a wallet like Electrum?

200 bucks is hardly anything to be worried over. Most computer programmers make than every 2 hours. But the answer is "you should never keep your property on someone else's property". Would you burry Gold in your neighbors back yard?

[faaty]

I would hold it in the exchange because 200 us dollars is a small amount, I can double it by trading an altcoin these days easily. No need to worry about it moving to another wallet. but choice is yours

[FrictionlessCoin]

I advise you to use a windows / mac wallet, it is much safer than a wallet online, it allows you to sleep quietly without worrying about your bitcoin

[AlphaWolf]

Some people says that the wrost thing to do is leave your bitcoins in some exchange.
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.

Do you recommend to me to move this bitcoin to a wallet like Electrum?

I was keeping my coins on (ex) btc-e and then suddenly they gone down when I needed my coins most.
I am happy that I got my coins back.
Now, I keep my coins on my secured wallet with backup on my USB pen.
Also, do not keep your backups on some cloud drive as some crackers may have it easy.

[l3sny]

What a bad idea! I left some bitcoins on Poloniex when they had a very big issue on August 2nd, i was so afraid to lose them since i had 1.2 btc in my polo wallet. I felt that i was going to lose them because that issue.. So soon as they fixed that, i bought an offline wallet and i am now storing my bitcoins in there, i think that is the most safest way to store my coins.

[wolfracer]

Some people says that the wrost thing to do is leave your bitcoins in some exchange.
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.

Do you recommend to me to move this bitcoin to a wallet like Electrum?

It's always better to keep in control your coins, If you have the control, you don't need to pay extra fees for the services, the time to make transactions is fastest than using a third party wallet, and the hackers are always aiming to sites like Payeer or exchanges rather than people.

[boyptc]

Some people says that the wrost thing to do is leave your bitcoins in some exchange.

Yes, because the exchange you stored your bitcoins can be hacked and that's we are trying to avoid and help people telling it that way. And you don't own the keys there.

I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.

Do you recommend to me to move this bitcoin to a wallet like Electrum?

Any amount that you want to keep your bitcoins safe must be transferred to a wallet that you hold the seeds or keys. And electrum is a good choice, it will your keys and seeds so you are the one who's controlling your bitcoins.

[gentlemand]

The only reason to leave anything in an exchange is if you're a super active traders. And even the very best traders will only leave a small amount of their overall net worth on an exchange if they have any sense.

If you have no need or plans to trade within the next hour then you're doing yourself a disservice by leaving it on there. Even if the exchange itself is fine, it's possible someone might get your login details and empty it.

[BitFinnese]

The only reason to leave anything in an exchange is if you're a super active traders. And even the very best traders will only leave a small amount of their overall net worth on an exchange if they have any sense.

If you have no need or plans to trade within the next hour then you're doing yourself a disservice by leaving it on there. Even if the exchange itself is fine, it's possible someone might get your login details and empty it.

I think it can't be helped.  If a trader is trading all his coin, then all the coins will be  in exchanges even their Bitcoin.  There is no way we can avoid that.  We want profit from our holdings we trade it.  Trading it comes with the risk together with exchanges issues.  Though it is a sound advice to limit how much currency to leave in the exchange when we trade but it is quite hard when we know what we are trading because we will definitely go all in on it..

[CasualSam]

Holding some on exchanges yes. How else am I going to trade?

[BitcoinMuscle]

You never know what can happen to an exchanger. Anytime the owner can close it and disappear with all your money,especially with bitcoin. Dont think you can go to the police for that because you dont have any proof that was your bitcoins since all transactions was anonymous. So keep your bitcoins in a wallet that you have 100% control of it

[francedeni]

You never know what can happen to an exchanger. Anytime the owner can close it and disappear with all your money,especially with bitcoin. Dont think you can go to the police for that because you dont have any proof that was your bitcoins since all transactions was anonymous. So keep your bitcoins in a wallet that you have 100% control of it

Bitcoin in an exchange is not a good idea and not wiseable decsion to keep it in the exchange. The most thing to save and keep your bitcoin is in an online/offline wallet were you have an access anytime.

[leopard2]

Only leave as much money in an exchange as you can afford to lose.

[rodskee]

Some people says that the wrost thing to do is leave your bitcoins in some exchange.
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.

Do you recommend to me to move this bitcoin to a wallet like Electrum?

i think your bitcoin are in troubles don't waste your time move it into the safe wallet with have strong privatekey to avoid risk and losses because to get bitcoin and then in one mistake you bitcoin flying and you can't recover.

[kodtycoon]

Some people says that the wrost thing to do is leave your bitcoins in some exchange.
I have 200 usd of btcs in Payeer, it is a online wallet but it also has a exchange.

Do you recommend to me to move this bitcoin to a wallet like Electrum?

Leaving bitcoin in an exchange is not very recommended and it is better to leave bitcoin in desktop wallet and electrum is the best among others and highly recommended.