Hold your keys vs money on exchanges

[deevan]

I usually keep my coins on wallet for which I am holding private key , also I avoid coinbase wallet because it is accused of insider trading. Keeping your coins on exchange is not safe as now today hacker are targeting Crypto currency exchanges ,& somehow for any reason the exchange is hacked or closed for some reason (Government notice) than you can lose all your coins. Send your coins to exchange only when you need to trade, after trading send back your coins to your personal wallet.

[sehoon]

If you have an experience or an expert when it comes to exchanges then go with it. But if you want a safer profit better if you are going to hold your coins. But honestly both are just profitable ways and there is no superior to the other. It is just personal preference.

[orkoso]

The veteran people on crypto tend to say that you should keep your coins in your wallet, never on exchages. However if there is a strong downwards movement on a coin and you want to sell to buy latter at a cheaper price it may take quite a bit of time and fees to move it. What is the right strategy?

I am more on the idea of having a little bit of everything and never trust too much to the same wallet or exchange. I assume that sooner or later I will be hacked one way or the other, so I just want to limit the damage.

[nniecan001]

The veteran people on crypto tend to say that you should keep your coins in your wallet, never on exchages. However if there is a strong downwards movement on a coin and you want to sell to buy latter at a cheaper price it may take quite a bit of time and fees to move it. What is the right strategy?

I am more on the idea of having a little bit of everything and never trust too much to the same wallet or exchange. I assume that sooner or later I will be hacked one way or the other, so I just want to limit the damage.

Good opinion, sounds like, don't trust to anyone easily. Even your own dog can bite you for an instant. Well it's up to each and everyone on how they keep their tokens and accounts. But basically, you need atleast two kind of wallet and divide all your income and investment for your own security. Hope that you have other email too for recovery sense.

[JuliaJi]

I have very bad experience of holding tokens on exchange, I had not small sum of tokens on coin coingather and in one moment they stole all money, SO not famous exchanges I do not use

[BlackPanda]

The veteran people on crypto tend to say that you should keep your coins in your wallet, never on exchages. However if there is a strong downwards movement on a coin and you want to sell to buy latter at a cheaper price it may take quite a bit of time and fees to move it. What is the right strategy?

For me it must all be appropriate conditions because then we can put the right position. save the coin in the wallet does have advantages of the coin that we have will be very safe if stored in a long time and when choosing the exchange then we will get the ease of mobility so that we can perform various transactions easily. So every condition has its own advantages and disadvantages, then we should be able to put well and precisely.

[seymenyunus1654]

I think keep our money or crypto currency in offline wallet is more safe. If you do not have an offline wallet you can use their own wallet
which has an it. if this is not available, you need to find a reliable exchange like binance or etc.

[proexcept]

I keep the biggest part of my capital at the hardware wallet and the rest on exchanges. This reduces the risk of losing my coins, since you can not keep all the eggs in one basket. It's convenient to transfer my capital to alts or USD depending on the market trend.

[Fatunad]

The veteran people on crypto tend to say that you should keep your coins in your wallet, never on exchages. However if there is a strong downwards movement on a coin and you want to sell to buy latter at a cheaper price it may take quite a bit of time and fees to move it. What is the right strategy?

For me it must all be appropriate conditions because then we can put the right position. save the coin in the wallet does have advantages of the coin that we have will be very safe if stored in a long time and when choosing the exchange then we will get the ease of mobility so that we can perform various transactions easily. So every condition has its own advantages and disadvantages, then we should be able to put well and precisely.

In short if you are an active trader then moving out back and forth to your coins will really make some disadvantages since we do know that every second counts on doing trading yet chances do only come in a glimpse and to be profitable we should really have the fastest time to make transactions with our coins and if we do store it on cold storages and making transfer then most of the time we do missed that opportunity which it is the main disadvantage on such scenario.

[Fenderr]

Assets/money are exchanges have their advantages and disadvantages. Quick sells are possible only on exchanges, this is tenable when assets are on exchanges, especially when the token is a having downward trend and you want to quickly cashout.

Having tokens in wallets which you have control of the private, gives that peace of mind

[Daria_daria1992]

I keep a small part of altkoins on the stock exchange, in order that in case of a sharp increase in the coin, have time to make a profit.  Since sometimes it happens that the transaction takes a long time from the wallet, and during this time the situation on the exchange may change.

[mi56374100]

Putting COINS in your wallet is something you hold for a long time, if you need to trade, of course, it's easier to put it on the exchange.

Don't put COINS on the exchange for too long, if you don't want to trade them.

[cannycassiopeia]

Be careful when putting your investments in the exchanges. You can put it there if you're ready to trade it but if not, just keep in your wallet its the safest way. Always make sure to put 2FAs on your crypto related accounts nd most specially your keys so that you can still have a peaceful sleep at night.

[BlackBoxRecords]

I am more amenable to saving the coin in my personal wallet, because storing it in exchange in my opinion is too risky, although if we are going to sell coin takes a lot of time to transfer from wallet to exchange but it's all for the security of the coin I have.

But using a wallet you are not able to create a stop-loss order, so all you gain from storing it safely you loosing on the chance of the market suddenly dropping.

[koloNikolo]

Just you have to keep on the wallets those coins that you are not going to sell 1-2 years.  And on the stock exchanges, keep a small part of the capital for trading.  In the case of such corrections or pamps, you could always sell or buy altcoins quickly.

I agree with such idea that you have to split all your coins. The coins that you not gonna trade and if they are on hodl mode - offline.
All the others you have to put on different exchanges.
And the first rule of every trader:

1. DO NOT keep all the coins/tokens in one exchage

[samward]

as for me, i think u should hold them not in exchanges because there's a bit of chance that the exchanges ur using maybe hacked. It's r really safer but if u'r in a rush just put a bigger fee in the gas and put them in the exchange then trade, after trading withdraw it to ur wallet right now.

[victoria444]

New coins to buy? LEDU coins, great team, Binance soon. Currently on bibox and gate.io and other 5 exchanges  Both exchanges offering a chance to win Tesla and nano ledger.

[unsquidly]

Just choose what is more comfortable on your side. It's up to your strategy on handling keys or money. Just make sure that you create profit and avoid loss. Just make decision smart and be confident since you've got a lot of good comment on your thread. Just take a risk, it's always a demand specially here in crypto community. Goodluck mate!

[Wuddly]

I`ve split my investments on several exchanges and that is how i try to navigate and control the risks. I am not inclined in waiting unknown amount of time to sell my coins and there is always the risk of wallet under maintanance etc.

[Hamphser]

The veteran people on crypto tend to say that you should keep your coins in your wallet, never on exchages. However if there is a strong downwards movement on a coin and you want to sell to buy latter at a cheaper price it may take quite a bit of time and fees to move it. What is the right strategy?

For me it must all be appropriate conditions because then we can put the right position. save the coin in the wallet does have advantages of the coin that we have will be very safe if stored in a long time and when choosing the exchange then we will get the ease of mobility so that we can perform various transactions easily. So every condition has its own advantages and disadvantages, then we should be able to put well and precisely.

In short if you are an active trader then moving out back and forth to your coins will really make some disadvantages since we do know that every second counts on doing trading yet chances do only come in a glimpse and to be profitable we should really have the fastest time to make transactions with our coins and if we do store it on cold storages and making transfer then most of the time we do missed that opportunity which it is the main disadvantage on such scenario.

This would mainly happen where you will make transactions in and out into your wallet and will really cost you fees and time and when you are making any trade then it will be a delay for you and i agree that have being said that trading do comes in chance and its important to make orders as fast as you can.
Always divide your money which are plan for long term and which are for short term.