Lauff
Jr. Member
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Activity: 196
Merit: 1
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August 23, 2018, 03:31:27 AM |
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I keep all of my coins in my wallet, and I suggest that you also save into your wallet, because it is very risky to save it in the stock exchange for a long time, the market is only for quick trading
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Findingnemo
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August 23, 2018, 05:11:24 AM |
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Wallet is meant to store our crypto currencies for long term but the trading platform is just to only deposit and withdraw at the time of trading so now we have answer where we have to store all our crpyots!
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[/tabl
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arikassuja
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August 23, 2018, 05:26:31 AM |
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if you keep all your cryptocurrency better you can save it in the wallet because if you save it on the trading platform or where the exchange will be very terrible and can make you lose the assets you have.
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BlockGemini
Newbie
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Activity: 50
Merit: 0
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August 23, 2018, 05:38:51 AM |
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All depends on how often you are trading or needing to trade because you don't want to get stuck in situations where your capital is all offline in hardware wallets and then wait to send funds to your exchange account(s) and miss opportunities.
Best thing to do is keep a certain amount of capital needed in the exchange to avoid delays if you need to execute something quickly. Everything else should remain offline always unless your only dealing with small amount of course.
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iram3130
Legendary
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Activity: 1512
Merit: 1010
ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀
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August 23, 2018, 05:59:31 AM |
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If you have a bigger portfolio like more than 1-2 BTC then I would suggest you to buy Trezor or Ledger. Its the safest at this moment and recommended for long term.
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anume123
Full Member
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Activity: 700
Merit: 100
Proof-of-Stake Blockchain Network
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August 23, 2018, 08:18:57 AM |
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I think it's best when your altcoin or bitcoin stores it on your wallet because if you use an exchanger and there you hide your coin there is a possibility to lose it because it does not trade in other coins.
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satria33
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August 23, 2018, 10:13:47 AM |
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I think you should not keep all the coins in this exchanger to avoid losing all your coins if the exchanger is a scam. Use hard wallet
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lucretiareaves
Jr. Member
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Activity: 69
Merit: 1
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August 23, 2018, 12:23:55 PM |
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I'm not good at trading so I kept all the coins in wallet, because I like long-term investment. I do not feel secure putting them in trading floors because they are easy to hack
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holtzmann
Newbie
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Activity: 179
Merit: 0
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August 23, 2018, 01:20:29 PM |
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Well, it’s only my opinion, but I think that it’s better to keep all crypto on a hardware wallet. Who can argue that it’s risky to keep all your coins on exchange, everybody knows that it might be hacked. But sure, there are several secure exchanges, where you can keep some of your coins. So, if it’s way more convenient for you to keep some crypto on exchange, then you need to take several aspects into consideration. So, there are several things, that you need to check before making a decision whether to keep your funds on the exchange or not: read reviews, check if it provides you with a possibility to select two-factor authentication (2FA), and if it has SSL and DSS certificates, etc. I’ve chosen cex.io, but you shouldn’t trust my or anyone else’s opinion – do your own research.
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slashz9
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August 23, 2018, 02:15:31 PM |
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it depends to you bro, if you want do some trade, for example once time a week, so you can puy which coin you want to trade in exchange. but if you just want to hold long term better save it on your wallet.
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Duogembrot
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August 23, 2018, 02:50:46 PM |
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it's better that you store the cryptocurrency assets that you have stored in a special wallet and have very high security because if you store assets on a trading platform it will have a very high risk of losing assets you have.
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Winnerschapel
Newbie
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Activity: 196
Merit: 0
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August 23, 2018, 05:23:58 PM |
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You can decide on the one that would favour you the most. If you are a constant trader, you need to keep your coins on an exchange and if you are a long term trader, you need to keep your coins in a wallet.
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Zocadas
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August 23, 2018, 08:08:42 PM Last edit: August 23, 2018, 11:04:38 PM by Zocadas |
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To keep cryptos in trading platforms implies several risks like for example: - The platform gets hacked and funds oftenly are not insured. - The platform can cheat you. - The platform becomes bankrupt by mismanagement or unlucky circumstances. - The TOS of some trading platforms don't allow to keep funds there without trading. Also keeping funds on wallets is not without risk especially for newbies. Mostly loosing private keys/seeds can cause loss of funds. The best is to use more than one wallet and only keep money at trading platforms, which are active used for trading. Also use more than one trading platform.
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wayancrypto
Member
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Activity: 462
Merit: 11
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August 24, 2018, 01:59:37 AM |
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Crypto has high volatilitas and the price can be going up 10 times just in amonth and going down again to bottom price, so i personal prefer to keep all crypto on the exchanges , and to minimize risk i devide all crypto in to 5 different exchanges. This way to make more money and avoid big risk from high fluctuacion.
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otundebis
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August 24, 2018, 02:06:27 AM |
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We have lots of cryptocurrency trading platform these days and it seem everything is going on fine as there are less issue of cryptocurrency exchange going offline and carting away trader's fund. The safe practice with any exchange is to never leave your fund on any!
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okocrypto
Newbie
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Activity: 112
Merit: 0
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August 24, 2018, 12:16:15 PM |
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Time have proven that exchanges are not the best place to store cryptos. There have been series of hacks even in reputable exchanges such as Binance. So anyone considering leaving all his fortune in trading platforms is doing so at his own peril.
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sublime5447
Legendary
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Activity: 966
Merit: 1000
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August 25, 2018, 11:37:50 PM |
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I prefer to keep all of my cryptos on a trading platform because if the market isn’t in a good condition, I can sell them immediately without waiting. If you want to save coin in the wallet, save it in coinomi.
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Renegadegate
Newbie
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Activity: 18
Merit: 0
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August 26, 2018, 06:59:03 PM |
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Leaving all crypto on a trading platform sounds pretty scary. I heard this is too risky, so it might depend on your attitude, the amount and type of assets, a country, a platform, etc. and probably should be considered on a case-by-case basis. But as a rule of thumb, when it comes to all the crypto you have, the safest way to keep it is in a cold storage they say... I prefer Ledger Nano S.
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breadwinners
Newbie
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Activity: 20
Merit: 0
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September 12, 2018, 06:07:15 AM |
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Keeping all your crypto in a trading platform without trading is crazy. Only a cold wallet or two, or more depending on the amount of crypto you hodl. Because they say the wallets packed with crypto are easily traceable and, certainly, hackable just because they are obviously worth it.
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Bacchu
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September 12, 2018, 06:46:15 AM |
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It's not wise to hold your crypto in trading platform or wallet. when you just need to do trade you can move your fund trading site and after the trade just withdraw your coin at your personal wallet. No key no coin it is very simple. anytime trading site or exchange site can be hacked and if its hacked you may be lost all of your asset.so dont store your crypto at trading platform wallet.
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