hridoyb
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March 10, 2018, 08:39:55 PM |
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Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.
If you are a regular trader you can store your crypto asset any trusted exchanger like as bittrex or bifinex or kucoin.But you want to hold your crypto asset you can use a different desktop wallet or official wallet not exchanger.Most of the people lost their asset for using untrusted bt profitable exchanger so you can easily use desktop or official wallet and keep your private key any safety place
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Johnyz
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March 10, 2018, 08:44:27 PM |
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Try to not keep your coins or fiat on exchanges as much as possible or distribute them more than one exchange if you need
Cryptomarket are being attacked by the hackers so this mean that holding huge amount of coin in an exchanges are really not a good idea. Better to put your holdings on a hard wallet to prevent any of this, just trade the amount you can afford to lose.
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Coin12
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March 10, 2018, 09:00:29 PM |
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Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.
depending on how long you will hold your coins, if only for the short term does not matter you save it in the exchanger, but if for the long term this is very dangerous, because it could be exposed to the hack or close the sudden then your money will be lost, save your coin in the wallet that you hold its private key You said long term is dangerous and i think its not all long term dangerous. The lack of exchange can be replaced by storing in wallet which has higher security since exchange is very risk for longer time holding.
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Hamphser
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March 10, 2018, 09:53:43 PM |
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Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.
Don't ever consider to store up amounts on any exchange. Single or multiple exchanges its not really advisable since those are just 3rd party wallets which you don't have the full possession of your coins.Its much better to use up your own wallet when it comes on storing up your coins and only pass up the tokens that you do trade. Might be time and fee consuming but much more safer in terms of losing out money when exchange can be potentially hacked.
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CyberKuro
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March 10, 2018, 11:25:21 PM |
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Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.
Never heard bitfinnix before, is it a local exchange in your country? or a global trading platform? maybe it refers to Bitfinex? Most people will say don't do that, because some exchanges ever got hacked, and your coins will be gone as well. Exchanges meant to be a place to trade cryptocurrency, not to keep it for a long-term, just deposit, do your business and get out as soon as possible.
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eaLiTy
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March 10, 2018, 11:53:16 PM |
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Try to not keep your coins or fiat on exchanges as much as possible or distribute them more than one exchange if you need
The idea is not holding the coins in different exchanges,if you are not trading at the moment,make sure you moves the coins out the coins from the exchange and hold in your own wallet as you never know what will happen to your coins if there is a breach in the exchange,so make sure you are always on the safe side,i only send the coins to any exchange when ever i feel like trading .
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jankekek
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March 12, 2018, 07:37:26 AM |
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I think it is better to keep all your funds or coins in a wallet not in the exchanges because sometimes coins are being delist from the exchanges when they are lack of support.
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Dodoymabs
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March 12, 2018, 08:14:27 AM |
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Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.
It will be your worst nightmare if something bad happen to that exchange. You have to be resourceful enough to spread your assets. We know that exchanges can't fully guarantee to trust their security from hackers. Best thing to do is to have multiple exchanges just to be safe.
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goaldigger
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March 12, 2018, 10:04:16 AM |
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Its better to keep them on your wallet, its much safer. Exchange are open to all who wanted to trade and ofcourse its also open to those who just going in there to scam. Its not that safe. It can be hacked because of its not so secured facility. If that exchanged gets some glitches, virus, or anyrhing then your coins will say goodbye to you. Its better be safe than sorry.
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Malamok101
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March 12, 2018, 10:16:17 AM |
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I think the bittrex is here for you to suggest it because the bittrex has a lot of crypto currency.
You can look at the coinmarketcap.
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drachman
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March 12, 2018, 04:38:21 PM Last edit: March 18, 2018, 02:12:28 AM by drachman |
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Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.
It is a very big mistake to keep all your cryptocurrencies in a single exchange, you are taking a huge risk if your account is hacked you will lose everything you have work hard for, if the exchange is hacked then not only your coins are at risk but the coins of thousands of users so only keep what you need to trade in an exchange everything else should be in your own wallet under your control.
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bitcoinmasterlord
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March 12, 2018, 05:28:09 PM |
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Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.
It is a very big mistake to keep all your cryptocurrencies in a single exchange, you are taking a huge risk if your account is hacked you will lose everything you have work itself hard for, if the exchange is hacked then not only your coins are at risk but the coins of thousands of users so only keep what you need to trade in an exchange everything everything else should be in your own wallet under your control. 1st of all keeping your cryptocurrency in exchange site is not safe, in that if you keep your all coins in one exchange site it is a big risk don't ever do this mistake. if the coin does not have personal wallet then you can keep those coins in exchange site but not all coins.
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eloymjb
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March 12, 2018, 05:54:22 PM |
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for now it is imposible to have a single exchange with cryptocurrency in it, even if the big exchange is incomplete of all coins. but i hope in the near future they build a very big exchange that hold all the altcoins and even ico in that exchange.
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bering
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March 12, 2018, 06:24:51 PM |
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even you're separated your funds into different exchange i think this is risky too because if those exchange got hacked then you would never get your money back and just use exchange for trading and don't ever save your funds to them although there is big exchange but it will not guarantee they will always be legit
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hitrawal91
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March 12, 2018, 06:53:44 PM |
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Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.
Yes, of course, it is safe if you really feel safe while trading them and holding them in your trading account. Well, i personally have used many trading exchanges till now and i always prefer to go with the exchanges which has a high amount of security and which provide us many trading coins with greater price and volume in numbers and with good transparency. I always go with the exchanges which provide us good and quality service just like Bittrex, Binance etc.
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DanielRR1997
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March 12, 2018, 07:13:30 PM |
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It's generally a good idea to store your Bitcoins in a wallet where you control the private keys, rather than on an exchange where they control the private keys and could go out of business or be lost. But different wallets offer different levels of protection. And different exchanges offer different levels of protection. Some wallets include peer-to-peer trading functionality today. And, in the future, some exchanges will offer decentralized trading so that you can trade directly from your wallet and private keys that you control.
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Leonard2016
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March 12, 2018, 07:20:24 PM |
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exchanges are not wallets If you are not holding the private key of your wallet means you have no control on it! exchanges are just for trading not holding.
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GoodLuck2
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March 12, 2018, 07:47:04 PM |
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I think the bittrex is here for you to suggest it because the bittrex has a lot of crypto currency.
You can look at the coinmarketcap.
Although Bittrex have such an amazing amalgamation of coins and new technical analysis that gives you best performance of your coin. Still it is not better to force out all your coins on one exchange until and unless it is much more satisfactory to you. Like Bittrex, there are so many exchanges as well but as far as I know, if you want to take such risk, only Bittrex would be of some help.
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rhodelmabanal
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March 13, 2018, 07:35:22 PM |
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I think I might suggest you multiple exchanges because if you are wise and smart you can think that they will provide you real security and total exchanges, I think no. Find another exchanges as you will feel another savings because if you just stick to one it will possibly shutdown and all of your coins will be lost like a bubble in just a microseconds.
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hajimasan
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March 13, 2018, 07:41:05 PM |
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Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.
No doubt that bitfinex is better exchange , even in these days most of the cryptocurrency exchange are better but in reality I would like to recommend you for the store of the cryptocurrency at multiple exchange Because if you will put your all the cryptocurrency at single exchange then there is chance that if the exchange get hacked or anything happened wrong for some time then surely your all the cryptocurrency get stopped to progress or send or receive and in that case everything that you will have wiop be useless . And also if you will use multiple exchange then surely there will be another thing that is a type of differences in the price of the coinn from exchange to exchange and in that case you will be able to make big earnings .
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