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Author Topic: Keep all crypto in trading platforms or wallets?  (Read 1704 times)
CryptoGuro1
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August 15, 2018, 07:55:43 PM
 #181

I use hard storage for most of mine, not much of a trader these days, more so an accumulator. Burned too many times trading, and can sleep at night knowing my money is stored off these exchanges

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August 15, 2018, 08:02:53 PM
 #182

It all depends on the plans I have for that specific currency.
If I plan to hold it for the long-term, I lock it up in my wallet
If I plan to sell at the right price, I keep it in the exchange and monitor the orders and market trend. It makes it easier to snap up good deals quickly.
Always ensure your safety, use matamask on decentralized exchanges, and 2FA on centralized
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August 15, 2018, 10:27:26 PM
 #183

It all depends on the plans I have for that specific currency.
If I plan to hold it for the long-term, I lock it up in my wallet
If I plan to sell at the right price, I keep it in the exchange and monitor the orders and market trend. It makes it easier to snap up good deals quickly.
Always ensure your safety, use matamask on decentralized exchanges, and 2FA on centralized
Your strategy is fine, but since I am a long term holder I do not have any use for the strategy of holding my coins in an exchange and wait to sell them at the highest price, I do not hold any coin that I do not think it is going to give me incredible profits in the long term, maybe I am too lazy but I do not like the idea of checking the charts all day just to see if it is the right moment to sell.

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kientrucnga
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August 16, 2018, 03:05:37 AM
 #184

I think it is more better to keep your cryptos on a wallet if you want to be safe from hackers because there are many hackers now who attacks the trading flatforms and it is really bad. But if you want to quick sell your cryptos because of price fluctuation and sell it really fast when the price grow up, you can keep your crypto on trading platforms
quality.crypto
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August 16, 2018, 03:36:14 AM
 #185

What are the coins you want to trade you can move to exchange rest you can hold them on the exchanges. As long as if you hold them in the wallet and if you don't share your private keys you will be in safe hands.
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August 16, 2018, 03:46:58 AM
 #186

the normal exchane coins stay at Trade platforms. the Big qty.leave to wallet. and safely for your cryptocoin

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juperos
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August 16, 2018, 03:51:51 AM
 #187

What would be a better move ? to keep most of my crypto in Exchanges as seems better option. as with the constant flows - green to reds etc.
in order to make gains or min loss, it seems best to trade a red one to green
eg as today i had lots of reds, but to min loss, i took some of my ETH and verge and traded into XRP which mooned and now my gains are way up
as i keep this crypto thing a constant watch.

What do you all suggest?

i use a Coinomi wallet that is connected to Changelly and SHapeshift
so i do exchanges there.

What do you all recommend?

i am thinking just a wallet for holding a currency for long term and no intention to trade out? just add to? thoughts
I think you should transfer all your coins that are holding onto your wallet. Because wallet will have better security than the trading platform. Binance is a great trading platform and is considered a high transaction platform. but it has been hacked daily by hackers. You should not put your coins on trading floors.

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CNMOH
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August 16, 2018, 03:56:37 AM
 #188

If you want to trade altcoins on a daily basis then it would be much better to keep your coins in the exchanges...it will save your time and save paying transaction fees too many times...but for users like me who dont trade much and hold their coins it is safer to hold them in wallets.
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August 16, 2018, 04:53:41 AM
 #189

I have few of my clients on exchange wallet because I love to have it in the first reach so I can trade it fast if I need, but most of my coins are on my hardware wallet that are secured more than anything else.
I know saving it in hardware wallet will be much safer, for a long-term investment, of course I keep my coin in a hard wallet,
but I do trade also, of course I will save a few percent of my funds in exchange, to make it simpler when I use it to trade
k1ng0fBTC
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August 16, 2018, 05:49:05 AM
 #190

Now I suggest that you don't trade daily. If you don't know much about trading, the best option for you will be investing in mid-term or long-term trading. Just buy promising coins at a good price, bring them to your wallet and wait until their rate grows to a comfortable mark for you.
If you have a desire to trade, it is certainly more convenient to keep the your coins on the exchange. So you'll have a quick access to the necessary operations with them.

If you are actively trading then keep the coins in the exchange because it would just be expensive for you to deposit and withdraw from time to time although this would secure your coins but then you just have to choose what you are most comfortable at. You just have to remember that when your coins are in the exchange, consider it not yours because it might be stolen anytime. It is still safer to keep your coins in your own wallet that you hold the private key since you are the only one who can access it.
Actively trading is day trading then should keep our coins in the exchange, because it is easy to see the price and withdraw the coins when we like to do it, without it, it will be hard for us. 
Ekenegbu123
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August 16, 2018, 03:48:49 PM
 #191

This all depends on what you are doing. If you are a day trader and you are trading, you need to keep your coins on the exchange and if you want to hold your coins for long, you need a wallet where you can store the coins
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August 17, 2018, 12:41:51 AM
 #192

This all depends on what you are doing. If you are a day trader and you are trading, you need to keep your coins on the exchange and if you want to hold your coins for long, you need a wallet where you can store the coins
You're right with what you said but he/she should only keep the amount of coins he/she can afford to loose cause the holder of wallet private keys is automatically the coin owner.

deppil
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August 17, 2018, 12:52:21 AM
 #193

Don't keep your funds in any platform because it may cause of losing your money much better to hard wallet the no one can know your funds and can't easy to hack.
This is to be understood that even who have got money that is not under your daily use. Either it is saved in your house or saved in banks, utilize them for more earning. Don’t let them spoil their charm and value without making use of them. bitcoin trading or investing is quite interesting and useful source that must be adopted for huge incoming of handsome profit ratios.
It's a good idea to use some of your money to grow so it doesn't rot in storage. but you also need to manage finance
so you know the right allocation to save and grow. therefore I keep my coin in the wallet for the long term and in exchange to grow
Ganbound
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August 17, 2018, 09:47:08 AM
 #194

It is safer to store crypto in your wallet, because the risk is very small to be hacked, if you want to save in the market try to short-term trading, because it is big if you save crypto too long in the trading site
If we are not doing actively trading then better to store our coins in wallet, especially in hard wallet, nothing is best than hard wallet. But we should do it only when we want to store our coins for a long time.
Panetymerni
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August 17, 2018, 02:26:09 PM
 #195

When you hold your coins on exchanges they infact belong to the exchange, not to you.
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August 17, 2018, 02:29:34 PM
 #196

It depends on how you like to trade. For those who trade every day, it is convenient to trade coins to the trading platform, and for long-term traders, it is safest to save coins to “cold wallets”!
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August 17, 2018, 03:56:08 PM
 #197

When you hold your coins on exchanges they infact belong to the exchange, not to you.
On point, never trust an exchange because the chances of getting hack their site. Better to save in a hardware wallet or as long you have yor own private keys. Always save your cyrpto in a wallet not in exchange a huge risks occured.
South Park
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August 17, 2018, 05:14:01 PM
 #198

If you want to trade altcoins on a daily basis then it would be much better to keep your coins in the exchanges...it will save your time and save paying transaction fees too many times...but for users like me who dont trade much and hold their coins it is safer to hold them in wallets.
Just be careful and do not become complacent, if at some point you want a rest and you are not going to trade for some time then you need to get your money out of it, there have been many cases of people leaving their money in exchanges and they got hacked or the exchange got hacked and in some cases there was a governments raid and they lost all their money because of this.

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gpuri
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August 17, 2018, 07:03:39 PM
 #199

I would say if the intention is only to HODL then keep it safe in the wallet otherwise if you want to trade often then keep it on the trading platform.
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August 17, 2018, 07:18:37 PM
 #200

I think that you need to store your coins and tokens on stock exchanges in less time. Exchanges are most often subjected to attacks by hackers, besides, there is not always trust in the administration of the exchange. There are a lot of cases of unauthorized transactions on behalf of the owners of crypto currency even without any signs of hacking. In addition, various directions and requirements of various inspections may appear on the part of the exchange administration, which are sometimes difficult to fulfill. Therefore, it is best to immediately send funds back to the wallet after performing the necessary operation.
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