Investing

[Jartsu]

Hey,

So I’ve invested into couple of coins and currently holding them on a exchange. Is it good idea or should I download a wallet. For an example what is good wallet for Ripple

Regards

[Jartsu]

Hey,

Could anyone help out?

[johnnywoo2015]

Hey,

So I’ve invested into couple of coins and currently holding them on a exchange. Is it good idea or should I download a wallet. For an example what is good wallet for Ripple

Regards

Hey,

Could anyone help out?

If you plan just to hold the coins and don't plan to trade with them, download the wallets.
It's a must and the only way really to own the coins, with private keys.

[sensimilia]

It's not a good idea to keep them on exchanges, what if one day the exchange has vanished? Or what if you need the private keys of your address or direct access to your funds?
Do yourself a favor and download the wallets.

[Coin.Master636]

Only by using a wallet, you really own the coins yourself. If you like to trade, I recommend spreading your funds over a couple different exchanges. Never put everything in one coin or on one exchange.

[easypeasy]

gd advive from all the guys/girls above, listen to them bud

[metribitcoin]

Actually volatilty of Ripple is very high so if you have time for the better trade it to maximize profit, but if you want to hold that coin for longterm investment will be better keep and hodl in personal wallet that give you the private key so you have full control with your coin.

[bottledfireworks]

Holding your coin is a bad idea but if you don't want to trade them, the best way to keep your coins is to download the wallets.

[rodmanqs]

Obiously every coin already started recovering and it wouldn't really have mattered which coin to pick to make a profit at all. You see time and time again that the times that feel the worst to invest, are the best to make the entrance.
However our bargain picks outperformed already, especially Tron and Wagerr.

We adviced to pick up some Tron solely on it's price action and if you did, you would have see a nice 'n quick 100% return. Wagerr also did nice with a 50%-66% gain during the day.

We advice to hold NeoGas and Lisk for a longer time unless you want to cash out. Wagerr is a personal choice. We don't see it rise dramatically in the coming days but it's a solid pick. We'd advice to sell Tron for now. Enjoy the 100% profit and let's see where that project is headed next.

[Davinus]

So I’ve invested into couple of coins and currently holding them on a exchange. Is it good idea or should I download a wallet. For an example what is good wallet for Ripple
Regards

Do not download anything, just buy a ledger wallet and try to store everything in there, it has almost a specific wallet for almost all the cryptos (the most important ones of course, ripple, eth, btc, ltc, and so on)
If you want to store your ERC20 tokens, just store them all on your MEW, but try to protect it with an encrypted Json.

[Igromania]

If you do not trade on the exchange, then it is better not to store tokens or money on it. Is it dangerous! Choose a safe wallet and keep the tokens there.

[boltz]

The best way to keep your coins safe is to get wallet for each of them , make a back-up wallet and store them well. You can also choose the cold wallet , there are some good cold wallets out there that are safe to use. But for ripple I don't know any good wallet because I have never owned ripple. Even I don't trust exchanges a lot , PrioritiEX seems to have a fresh new idea about crypto exchanges so I may use it in the future for sure.

[chikora]

you are a senior member and you are asking such questions
you should get a Nano S hardware wallet even if you trade, I remember it was supporting Ripple

[makishart]

Hey,

Could anyone help out?

At least if you are having very good connection and it may better to do your research through google. Because i have seen so many similar thread like this one. rippex, coinpayment, gatehub and various good wallet but ledger nano still become the best choice in my opinion because you are having 100 percent access for your amount rather than using online wallet to store all of your amount.

[yeyeye059209]

you are a senior member and you are asking such questions
you should get a Nano S hardware wallet even if you trade, I remember it was supporting Ripple

where and how can I buy that ledger Nano? how much does it cost?

[fellahst]

You can buy Ledger Nano on Amazon. https://www.amazon.com/Ledger-Nano-Cryptocurrency-Hardware-Wallet/dp/B01J66NF46 . . It is about 140 $
You can also directly buy on their web site. https://www.ledgerwallet.com/products/ledger-nano-s. Which seems to be cheaper.

[Zooplus]

I do put my coins in an exchanges if I have short term target that I have to set orders but if it's for long
term I think that is not wise to put it in exchanges and it's vulnerable to hacking.
Be smart when investing, know the risk, and if you are really comfortable in exchanges then maybe you should diversify it.

[pikatju]

Depends on the amount and the time you intend to keep them. If it less than a few thousand dollars, just keep them on the exchange. It is easier when you want to sell again anyways. If its a larger amount it is worth investing in a hardware wallet like Nano Ledger or Trezor.

[The Sceptical Chymist]

Keeping anything on an exchange for longer than a few days is inviting disaster, IMO.  As stated above, you're a senior member of bct and should know at least that much.  Remember Cryptsy?  Remember any of the exchanges that absconded with their customers' money?  Yeah, that's why you don't store anything on exchanges--and that won't change until they get regulated.   

Me, I use Coinomi on Android for a bunch of different coins and I've never had a problem yet.  I don't own any ripple, though. 

[jdbao]

If you want to trade those coins right away, no problem. But if you are going to hold them for a long time, I suggest that you'd better download the wallet. It is the safest to take the money in your own hands.