Luna0120
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Activity: 294
Merit: 14
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April 25, 2018, 01:16:28 PM |
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Long-term experience shows, holding coins on the exchange is more risky than in the wallet because exchange can be attacked by hackers or it can have financial problems. Therefore, it is better to hold money in wallet.
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hidden jutsu
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Activity: 467
Merit: 100
Binance #Smart World Global Token
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April 25, 2018, 01:32:01 PM |
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its better if you put your altcoins on your wallet, even if the exchange is fully secured you are not guaranteed that your altcoins wont be hacked by anyone.
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lucemferrum01
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Activity: 245
Merit: 10
The Future Of Work
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April 25, 2018, 01:46:43 PM |
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I have a question.
What is better? To keep your coins on some Exchange site or to open wallets for each coin?
I would like to hear some advice. What are pros & cons of each option?
Thanks
For me open wallets is better that exchange site. Open wallets (ex. Coins.ph) is for personal and private that you can still put your money to bitcoin and if the bitcoin is in the peak season then it will increase to your money. You don't need to be afraid to all hackers because they can't access the open wallets. While if you choose to put your coins in exchange site you can't assure that your account will not be hacked. |
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twicezeroiszero
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April 25, 2018, 11:43:04 PM |
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I have a question.
What is better? To keep your coins on some Exchange site or to open wallets for each coin?
I would like to hear some advice. What are pros & cons of each option?
Thanks
For me open wallets is better that exchange site. Open wallets (ex. Coins.ph) is for personal and private that you can still put your money to bitcoin and if the bitcoin is in the peak season then it will increase to your money. You don't need to be afraid to all hackers because they can't access the open wallets. While if you choose to put your coins in exchange site you can't assure that your account will not be hacked. Haha, Exchange wallet or Coins.ph wallet are the wallet from the third service provide for the customer. You have to remember both wallet are same type because these services can own the private key and all permission to manage your coin. However, Official wallet or wallet for community like Bitcoin Core, Mist, Electrum, Geth, etc. are the wallets can give you all permission to own your coin. |
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iluvbtc
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April 25, 2018, 11:47:23 PM |
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I would never keep my crypto on an exchange, most are not even blockchain transactions, they just pool the crypto until it's withdrawn, very risky... look at Mt. Gox
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alicebrac
Newbie
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Activity: 81
Merit: 0
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April 25, 2018, 11:55:15 PM |
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I think it all depends on the credit of the trust of the wallet and the exchange. I keep my tokens in the RL wallet - they have a full-fledged ethereum-wallet!
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Coinmaniaccos
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Activity: 27
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April 26, 2018, 03:30:27 AM |
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Exchanges are only for money that you want to exchange/trade. middle- and longterm investments must be on your local wallet. No reason to store them somewhere else.
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Chefironside
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April 26, 2018, 04:04:14 AM |
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It is depends on your wish what you want to do, if you want trading frequently then you can keep yours coin/tokens on exchanges according to your requirement of time. It is always better keep your coin in offline or online wallet due to security reason.
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ntduc125
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Activity: 30
Merit: 0
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April 27, 2018, 01:04:25 AM |
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Do not keep your money on an exchange. There are many hackers who often try attack the exchanges. Just have in mind that this happened several times. But it is harder for them to hack a wallet or to find a bug in it
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zhangxie29152784
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Activity: 168
Merit: 0
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April 27, 2018, 01:08:59 AM |
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It is risky to put COINS on the exchange for a long time. If you do not want to trade, please mention the coin in your wallet, which will reduce many risks. Because hackers are more concerned about big targets, such as exchanges.
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nani culi
Newbie
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Activity: 112
Merit: 0
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April 27, 2018, 01:13:04 AM |
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Exchager wallet is not safe if you are intending to hold your coins for a long term trading much if you download the main wallet of this coins and put it in safe place and hold it for a long time one year or 2 year then open it.
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zeingrind777
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April 27, 2018, 01:15:00 AM |
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I have a question.
What is better? To keep your coins on some Exchange site or to open wallets for each coin?
I would like to hear some advice. What are pros & cons of each option?
Thanks
I think it's safer stored in your wallet than storing assets on an exchange. because if an exchange has been hacked you will lose all your assets |
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c4ptch4
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Activity: 172
Merit: 0
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April 27, 2018, 01:20:00 AM |
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it all depends on what you want to do, if you want to trade you should put the coins you have on the market but if you want long-term investment you should put on the wallet therefore I think it will be more effective
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Burogh
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Activity: 644
Merit: 10
COVIR.IO
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April 27, 2018, 01:23:45 AM |
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Do not keep your money on an exchange. There are many hackers who often try attack the exchanges. Just have in mind that this happened several times. But it is harder for them to hack a wallet or to find a bug in it
Many case about exchanger got hacked. Its more safe if we keep our coin/token in hard wallet like trezor. Its more safe because it can not access as long we have that trezor. Hard wallet is best option if we want our coin secure |
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Maian
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April 27, 2018, 01:28:31 AM |
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If you are in a long time holder wallet is good to use and use metamask to secure and safety of your coins to a hacker. exchanger is useful for a trader to immediately trade a coins..
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Chronner
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Activity: 420
Merit: 31
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April 27, 2018, 07:28:04 PM |
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If you are in a long time holder wallet is good to use and use metamask to secure and safety of your coins to a hacker. exchanger is useful for a trader to immediately trade a coins..
I do not know who, but I personally do not trust the metamascus. You can consider me a paranoiac. but liyano, I'm monitoring the cleanliness of my PC. At the expense of exchanges I can say the same thing. |
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george_hured
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April 27, 2018, 07:37:28 PM |
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It seems to me that you already know the obvious answer to your question, the fact is that today people are beginning to understand that the stock exchange is someone else's pocket and once you send money to some kind of exchange, you should understand what you are doing and what you really are risk losing your money at all, because your money is not in your wallet.
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bfriedman228
Full Member
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Activity: 406
Merit: 100
Presale is live!
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April 27, 2018, 07:39:39 PM |
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It is very dangerous to store coins on stock exchanges. I think it is much safer to store coins on hardware wallets. Exchanges can be hacked.
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paulus51
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April 27, 2018, 07:52:25 PM |
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For a long time I have not heard that someone keeps their coins on the exchange! This is ridiculous and stupid! Imagine that you keep your money in the market
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Red_Evil
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April 27, 2018, 08:40:16 PM |
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For a long time I have not heard that someone keeps their coins on the exchange! This is ridiculous and stupid! Imagine that you keep your money in the market
i agree, and only transfer your token to the market if you wanna trade it! we don't know the security in the exchanger. if there the exchange got hacked they are also will not want to be responsible. hold in a safe place, if necessary in wallet hardware |
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