All crptocurrency at a single exchange.

[alfs75]

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

Will,in my own opinion its nice to have a one single exchange in one  trading  exchange site,and all you needed coins all is there,because youn can assure that you will never been mistaken when you were doing your trading transaction,because thats everyday what you always doing,because as far as i know every exchange trading site have different policy and standard,when you done mistake in your transaction they never  interfere your trading,so thats why im favor of one single trading site,but there is also a negative outcome of this,if those trading site will become abusing its markets caps or transaction fee,because there is no competent in there bussiness.

[royale143]

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

It depends on the coins you're trading plus the amount those trading sites buy them for and the rate of transaction as well. Every site offers a different price point for every coin, some sites may value one coin higher while others see it as not that much, therefore, I would say that it would be better to have multiple exchange sites at your list to check how much a coin costs, at least an estimate if it's not that accurate, anyway, right now, most exchange sites have a database that most likely would be similar to other sites, thus, making the difference in price of coins not that far from each other.

[Fatunad]

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 .

If you are engage on multiple altcoin or bitcoin trading then its much better to have multiple exchanges too which you can able to arbritage too when you do see opportunities on making out some profits and not only that you can eventually less the risk on getting broke if one of those exchange is being hacked unlike if you do store up on a single exchange then you would really end up on nothing left.

[Tactical Genius]

that will be a very bad practice to do.Exchanges are being monitored daily for flaws by unscrupulous people and then they capitalize on such flaws if they find them to steal user funds.So it is never advisable to keep your funds on any exchange at all.Also if there is the need to seize their servers as happened with btc-e,you wont have access to your funds either

[paulo013]

For me, Better to split your crypto into other exchanges for incase of problem you have your backup. And also its depend on exchange when your coin or token is in the higher price then keep it on particular exchange or use the official wallet of your crypto so you dont have to be worry of lossing your money.

[iqlimasyadiqa]

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

I'm very worried about that. That's my opinion is very risky because we all know that when we save the coin in an exchange then we will not have a private key. I suggest to save on official wallet of each coin, and if we have a lot of coin then we save it in offline wallet which is much safer than web-based wallet and also exchange. But if we still want to use an exchange to do trading then I suggest not to save too much money on an exchange.

[xmas7]

It all depends how much money you have on exchange in crypto. If you have less than 1000 dollars in crypto and you use very strong password with 2FA then it is OK. Depends how often you are trading them. If you are just holding then you should withdraw tjem to your personal wallet.

[droptableguy2]

You can store your money any exchange. But it is important that you have 2FA security for your account. So you will not be hacked by your hackers. Be careful, now hackers have many sophisticated scams, we can not foresee. You can use Authy software to secure 2FA for your account.

[CryptoWorld87]

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

Realy not safe if you stored your tokens or any coins in any exchanger because you are not actualy holding your own private keys in exchanger and beside of that exchanger can change or updates there wallet anytime.

[BobBct]

I don't recommend that you put all your alts in one exchange because sometimes an exchange can get hacked which means you coins might get stolen while if you put that in like a ledger that's very safe and only you can open it.

[nicolas1979]

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

Not recommended to safe your crypto asset at single, double, triple exchange, that place is only for buy sell transactions. Your wallet is the safe place to keep your crypto asset and as long you obey the rules, your asset will be safe. Second place to safe your asset is bank, meaning do one way transaction ( buy - sell - exchange ) at one time and safe it into currency at your bank. Maybe you're not familiar with this strategy but I know this is the right one.

[ralph_0608]

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

Many people say it is not advisable and i do so agree but with my experience l just keep my coins that i used in day trading in one exchange so i may save some gas fee and time from transferring it from exchange wallet to my private wallet but for my long term coims i keep it in my private wallet for safekeeping purposes.

[husencoe]

If you plane to hold your crypto currency, for the best you hold them in their wallet, except you decide to trade your crypto currency. Why I suggest you to hold in wallet because we don't know when that exchange will close or get some trobles. If that happent, probably you will lost your coin without garanted. And I suggest you to never put all coin in one exchange, make it 3.

[yanlap]

For me, Better to split your crypto into other exchanges for incase of problem you have your backup. And also its depend on exchange when your coin or token is in the higher price then keep it on particular exchange or use the official wallet of your crypto so you dont have to be worry of lossing your money.

I am also of the opinion to not keep all the eggs in one basket. For instance, if there is a security compromise of any exchange, the coins are as good as gone. This is the fact of the cyber world that no system is hundred percent safe. The reason is that humans are the developers of technology and to err is human. There are always loops in the system. Besides, all the exchanges have different things to offer.

[BartS]

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

People need to be a lot more careful when storing their coins there is not a day in the forum in which we do not see a story of someone losing his coins because of a dumb mistake and sometimes were talking about really big amounts of money and that is when I get surprised because if they do not take care for their money then what do they care for? We need to keep complete control over our private keys, no one else's should have access to our coins and even more importantly you should use a very safe way to store those coins if you are not going to move them at all, like a hardware wallet or a paper wallet.

[faceoff97]

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

Personally, I don't feel safe storing something in an exchange, things might go wrong. And at any moment that exchange most might be hacked or bankrupt. I prefer storing most of my coin in an hardware wallet, this is safer than ever. I actually have coins in some exchange but I dont stote it there in a long period of time. As much as possible, I have already done what I have to be done in that exchange then just transfer again when needed.

[ajdaj]

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

Personally, I don't feel safe storing something in an exchange, things might go wrong. And at any moment that exchange most might be hacked or bankrupt. I prefer storing most of my coin in an hardware wallet, this is safer than ever. I actually have coins in some exchange but I dont stote it there in a long period of time. As much as possible, I have already done what I have to be done in that exchange then just transfer again when needed.

I completely agree with you, since there are some exchangers whose administration is abusing their capabilities. One of their trade exchanges is HITBTC.

[moshk555]

If you are trading then its ok to keep them on the exchange but if you want to hold for the long term then its better to keep in hardware wallet to get safe.

[Sanjeewa101]

It is not safe at all, Some exchanges are very high security. But Please keep client-side wallet like a MyEtherWallet for ERC20 tokens and Please use their own wallets if available

[Hallmader]

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

It is always best to diversify. This advice does not only apply to investments, whether cryptocurrency-related or not, but also to all kinds of investment opportunities, and also to exchange platforms. Do not just focus on a single exchange platform. Well, in the first place, you will follow the exchange platforms of your favorite and potential coins so you cannot just settle with a single platform. But also if the single exchange platform that you use is in maintenance or crashing down, then you will also be stuck along with them. So you better use around 3 of the best exchanges.