All crptocurrency at a single exchange.

[kevpantof]

Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.

If you believe that the exchange you’re storing your cryptocurrencies is good, then there is no need to worry. But one thing for sure is that one shouldn’t store their wealth in one place, you should practice diversification, cause it would help you in a lot of ways. And it will also make you feel safe, cause you’ve got back up. If anything happens to one, you’re sure you didn’t lose everything.

[rajkr]

Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.

If you believe that the exchange you’re storing your cryptocurrencies is good, then there is no need to worry. But one thing for sure is that one shouldn’t store their wealth in one place, you should practice diversification, cause it would help you in a lot of ways. And it will also make you feel safe, cause you’ve got back up. If anything happens to one, you’re sure you didn’t lose everything.

Ok , I got your suggestion , so  it is better to diversify your holding among various exchanges , I hold it on bitfinnix , can you suggest me more reliable exchanges .

[Bitinity]

Depends on your main purpose. If you are a trader who like to do day trading, so storing all your coins in one exchange is the best option as you will save some money for tx fee but if your main purpose is for long term holding then storing it on your own wallet (cold wallet preferable) is the best thing to do.
Always bear in mind that there is always risk to store our coins in exchanges, so be careful and be wise.

[clarkt]

It will be nice to have your coin listed on one single exchange. It will be easier to trade and not roaming about on the internet in order to trade all of your coin at the same time. Mind you, there is no point keeping your coin on any exchange except those coin you are actively trading.

[Niya]

Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.

It is not safe to store your coins on exchanges for a long period of time. Better to use multicoin wallets like Waves or Coinomi. Also, there are too many coins and tokens out there so it's impossible to find an exchange which lists all of them...

[Arlibtchunt2018]

Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.

It is not advisable to keep your coin in some exchange sites. It is best to get it back to your wallet if you will not undergo trading. Since there are circumstances that you can't predict. Specially shut down or hacking events.

[speem28]

Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.

It is not safe! I read many circumstances of users having a hard time withdrawing their coins at a specific exchange. They have contacted the supports but still unable to withdraw their coins. Another thing is that there is a chance that the exchange you deposited your coin into might get hacked like what happened to other exchange. Also, why do you need to store yours on an exchange? Wallets are created for a reason you know, you have a complete handle on it because you are the only one who has the credentials over it unless you make a mistake and paste your private key when applying to any bounty campaigns.(Typical newbie's mistake).

[Ctn]

Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.

Whether it is bitfinix or binnacle or bittrex but I would say it’s not worth keeping all your crypto currency at one place. I mean ask yourself why would you do that in the world where any exchanger can get trouble from the local authorities as can be seen with major exchanges in the past. They were literally shut down by the government and there was no clue to investors of that exchanger. So you might loose your money because we don’t know whether the exchanger will give us money or not. Apart from this hunk of the different scenario where your own account credentials got hacked and if you lost every dime of token in single shot then what would you do ? So that’s how you should think about it and spread the money across various exchanger or the best way is to get yourself a nano ledger hardware wallet and store it there.

[Jaycee99]

Well I suggest that if want to keep it you should atleast go and be updated with the value of any token you earn or a coin than that the time when the value gets big go for it yo go exchange it of an ETH or BTC, but you should also be up to date everday with this ETH and BTC. Instead if exchanging it to ETH or BTC and keep it that way I will exchange it for my local momey country.

Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.

It is not advisable to keep your coin in some exchange sites. It is best to get it back to your wallet if you will not undergo trading. Since there are circumstances that you can't predict. Specially shut down or hacking events.

Yup this should keep on mind that when you earn coins from different wallets you can be in danger as well of keeping it a one wallet with an money a million so let get this straight. If one wallet earns a thousand or a million use another wallet

THIS IS A SUGGESTION A BEST WAY BUT IF YOU ARE AWARE OF HACKING go now and keep it in a vault or a bank.

TIP for you


1. If your campaign suggest a diffferent wallet and you go make one well if you earn money in that wallet please send it to the wallet you use and that is a wallet for all coins

2. If you feel you got a lot of coins well well go and get it out in the real world.

[rajkr]

It is not suggested to keep or store your coins on any exchanges sir. They might shutdown their platform at any time and your coin is at risk. Its better to keep your coins or tokens on a wallet were you have the control for the private key.

you are absolutely right .I have faced the situation when I was unable to sell my holding at zebpay .because their app was not working properly and the price of BTC was going down .It was panic situation for me.

[herurist]

Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.

As long you can protect your account it will be safe but most of us will not recommended that. Everything could happen and maybe you already hear exchange has been hacked, if you put all coin into one exchange it will become disaster, lost all asset in second. Safe your coin into wallet ( MEW ) is better but never share device with others. Just like that and have a nice day.

[Reid]

A wallet. Cold one.
Qt wallet for altcoins that have it.
Myetherwallet for ERC20. Dont store anything at an exchange if you are not going to trade anything.
If something happens with your coins, loss or cut then it will be a problem to contact customer support.
Every exchange will take days to answer or fix it.

[GelsoAM]

I think there's no exchange with all coins in it because there are alot of coins in crypto and it will be difficult to add all the coins in a exchange but it's possible and one of the most coins in a exchange i think will be binance.

[OriginTrain]

A decentralized exchange that will store your ERC-20 tokens in a smart contract is a start. That's far from completely safe, but certainly safer than storing them on a hot wallet in a centralized exchange. I know a lot of suggestions here are to put your tokens in a cold wallet, but the reality of crypto is that sometimes you need access to your funds INSTANTLY when a certain news publication or market movement takes place, and you need to do your trade within seconds, not minutes. For this reason I recommend decentralized smart contract exchanges.

[phucngungoc]

It is not better to make at least you desired multiple exchange and store all your valued crypto at different exchanges. 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

[chris200x9]

Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.

As long you can protect your account it will be safe but most of us will not recommended that. Everything could happen and maybe you already hear exchange has been hacked, if you put all coin into one exchange it will become disaster, lost all asset in second. Safe your coin into wallet ( MEW ) is better but never share device with others. Just like that and have a nice day.

After shutting down they will tell they got hacked but this news is right or wrong we are not sure just we have to accept it and keep quiet. end of the day we lose our coins So don't take any risk keep your coins in your personal wallet and store your private key in personal hard drive or take a print out and keep it in your secure place.

[Dpat]

This is not possible that you will get all the cryptocurrency in one exchange. Because some exchanges have set their own rules and regulations. As, you know Bittrex only listed the coin which are highly traded and that Kucoin also adopted the voting mechanism for the listing of the coin. If later some blockchain based exchange comes with the extraordinary feature to keep available all the crypto under one roof then it will be good for the trader so that not to open account with all the exchanges.

[BartS]

Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.

No, it is not safe you should never leave your money in an exchange for a long period of time only leave your money there as long as it is needed and only deposit the amount of money you are willing to trade, using multiple exchanges is not really a good option either, you need to have your own wallet and you need to be the one in complete control of that wallet, remember if you are not the only owner of your private keys then you do not own any coins period.

[Scallywag]

that is the big problem with day trading , you have a lot more risk if you keep your money in one exchange . but more exchanges means more fees and that means less money made . the safest thing to do is to divide it over multiple exchanges . and try to do your research on them and keep up on news about them.

[gabmen]

Is it safe to keep your all crypto currency at a single exchange (bitfinnix)?Or one should choose multiple exchanges.

No, it is not safe you should never leave your money in an exchange for a long period of time only leave your money there as long as it is needed and only deposit the amount of money you are willing to trade, using multiple exchanges is not really a good option either, you need to have your own wallet and you need to be the one in complete control of that wallet, remember if you are not the only owner of your private keys then you do not own any coins period.

Well if you're simply holding, yeah it's highly advusable to get yourseld your own wallet. Its a prerequisite for trading. Now it also wouldn't hurt if you make an account in other exchange sites and diversify your portfolio there since you'll never know if something will happen to bitfinnex