IloveDigibyte
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Activity: 303
Merit: 100
POS / PRIMENODES
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March 19, 2018, 03:41:29 PM |
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Hackers can hack into a wallet, and your account on the exchange, if you do not follow the rules of security on the Internet. Therefore, it is better not to keep your money in one place. Divide them into parts. Keep something on your wallet, and some part on stock exchanges.
I don't agree with you. What is the point of holding a coin in exchange if you are going to hold it long term? I see no point to keep anything in exchange unless I am going to use it tomorrow or the day after. Everything else is in wallet, period. |
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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Chronos_angel
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March 19, 2018, 04:25:01 PM |
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Saving the earned coins is very important, I will keep my coin in the exchanger when I want to sell it, and the safest place to store the coins already earned is in the personal wallet.
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babay_ko
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Activity: 98
Merit: 10
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March 19, 2018, 04:38:10 PM |
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If you want to often trade then is better to have wallet at the stock exchange. And if you want to just invest and forget for a long time, then it is better for each coin separate wallet. Also I advise to protect yourself as much as possible from hacking and so on.
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xenomorphe1
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March 19, 2018, 04:40:06 PM |
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If i was you, i would keep the funds on a wallet if i want to keep a coin/token for a long term investment.
If you can earn dividend/airdrop/fork coins it is better to have them in a wallet.
If you only bought a coin for short term, i would let it in an exchange.
I also would let the coin/token in an exchange if the withdrawal fees are too expensive.
A coin at start may be worth less that $0.01 and the withdrawal fees may be too high.
I would keep the coin in the exchange until it gets a better value and then transfer it into a wallet if i want to keep it for a long term.
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dasha_buka
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March 19, 2018, 07:28:05 PM |
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At all - better wallet, you can control what is going on here without conflicts with exchange, and if you still want to daytrade - you may send some coins already from the wallet to exchange.
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palermofc
Newbie
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Activity: 196
Merit: 0
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March 19, 2018, 08:30:35 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
I prefer keeping coins in a wallet. You don't need to open wallet for each coin, just one ether wallet can be enough. Exchanges are not very safe to keep coins, because of the hacking attempts. |
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oleganpetro
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March 19, 2018, 08:34:11 PM |
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if I do not want to hold the coin in the long term, then of course exchange. And if you keep that cool wallet
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CryptoGosu
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March 19, 2018, 09:13:01 PM |
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I prefer to keep it on my wallet. It looks more reliable. I only trade a small part of the portfolio. If I need to, I can make a deposit
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Sanchos
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March 19, 2018, 09:30:10 PM |
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Hardware wallet is safer storage than exachange for your tokens. But when you see good price at exchange and want sell your tokens- you will wait until tokens will be transfered from wallet to exchange
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tyoA7X
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March 19, 2018, 09:38:17 PM |
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I prefer to keep it on my wallet. It looks more reliable. I only trade a small part of the portfolio. If I need to, I can make a deposit
yes really, don't ever keep the coin on the market for a long time. send to the exchanger just to sell it, if you want to be safe, keep it in your personal wallet. i'm not sure with the security of exchanger wallet  |
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atupolev
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March 19, 2018, 10:26:42 PM |
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To keep your funds in an exchange is too risky, honestly a few thousand dollars is fine, but there is always a risk. Besides, hardware wallets like ledger nano s are not that expensive and also some coins have software wallets that are free to setup. 100k or a million is way too risky, most exchanges still receive problems due to crypto still being a new market so please do store it in a wallet.
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lopez cryptomania
Jr. Member
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Activity: 112
Merit: 1
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March 19, 2018, 10:36:15 PM |
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If you believe in the underlying blockchain tech and you choose to assume the risk of the investment in the coin then the safest most secure way is to store your digital assets off of the exchange in cold storage where you have full control of your private keys. This ICO's exchange allows you the ability to control your private keys securely off their exchange while targeting to bring the masses into crypto which would make this new market more stable for us all. https://bitcointalk.org/index.php?topic=3085831.msg31823480#msg31823480 |
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toolsmans
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Activity: 252
Merit: 13
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March 19, 2018, 11:52:46 PM |
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I use the exchange for trading.
I use a purse for storage for a period of more than a month.
the exchange is convenient because you can put a pending order for sale and not miss the sale at the right price, even if you are not behind the computer. But it is not safe to store money on the exchange for a long time, although now the exchanges have good very good security.
Purses are safer than stock exchanges, but it is not always convenient with coins to make quick sales. I need to be in any case for a computer. I myself put a call to the block at the right price. When the bell is triggered, I transfer money from my wallet to the exchange and sell at the right price. But the downside is that you need to render the computer very quickly =)
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NORD YGGDRASIL
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Activity: 602
Merit: 10
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March 20, 2018, 12:10:12 AM |
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If you mean tokens of ERC-20 standard, there is a Myetherwallet for these tokens. It allows you to safely store any tokens based on the ethereum platform.
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culuuton
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March 20, 2018, 07:21:04 AM |
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If you mean tokens of ERC-20 standard, there is a Myetherwallet for these tokens. It allows you to safely store any tokens based on the ethereum platform.
Myetherwallet is nothing negative, it is number one in store token. If you want to store ERC stardard tokens on your smartphone, Eidoo wallet will be a great choice. It is very secure and easy to use and we can easily join ICO with ICO engine. |
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InfiniteGrim
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March 20, 2018, 12:44:12 PM |
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If you wanna daytrade your coins just choose exchange, but choose carefully - some of them going to scam after some time.
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D3m1r4wanti
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March 20, 2018, 12:49:24 PM |
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according to the experience I have ever felt and naturally it would be better if you keep some of your crypto coins in the wallet than on exchanges
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Sponsoredby15
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March 20, 2018, 01:01:19 PM |
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There are some moment that you feel secure storing your funds in the exchange but remember there a lot of possibility that might go down that's why its better to secure your funds into your wallet
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Nepara
Jr. Member
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Activity: 64
Merit: 1
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March 20, 2018, 01:03:33 PM |
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I'm feel more secure to store my funds in my own wallet with private seed
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v3liana
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March 20, 2018, 01:12:20 PM |
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Both are good i been store my coin in okex almost 7 month and i think its safe and no problem so far and i can doing trading faster if i want to . I been using mew too and its good and safe too. The point is you need to know where you store your coins, you need to know who they are who hold your coins so it will be safe. Just store your coin on trusted wallet and i think there will be no problem at all.
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