Hi!
I am a newbie in cryptocurreny and asked myself, if there is a strategy to do a stop loss limit at online wallets.
I know that some exchanges like binance or kraken you can set a stop loss. But for best practices you should take your coins off the exchanges and transfer them to your wallet.
But then you have the risk, that your coin can crash while you were sleeping..
I know that there are some apps, which allow to set alerts. But in my opinion this is not an optimal solution... Does anybody have a better proposal?
Having coins in the exchange is first of risky option to have your fund whether it is bitcoin or altcoins. Most of the hackers always point on the exchange wallet only other than that you focus to hack the hash power rental sites.
If you want to have the fund having bitcoin on desktop or cold storage will be the exact option to have your funds.
For altcoins have myetherwallet that will be available for all the cheap coins to till bitcoins.