Hold your keys vs money on exchanges

[HoLeeDik]

The veteran people on crypto tend to say that you should keep your coins in your wallet, never on exchages. However if there is a strong downwards movement on a coin and you want to sell to buy latter at a cheaper price it may take quite a bit of time and fees to move it. What is the right strategy?

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[stitch80]

As for me, I hold a part of my coins on the Ledger and another part on the exchanges.
So I can sell quickly if I need to sell some coin, while the other part is for a long term holding.
Which part is bigger depends on my plans for each coin. Some coins I hold exclusively on the exchange, if I hold that coin for a short period.
As a rule, in a long period of time the raise of price much bigger than fees for transfer some coin, so it's not so important for me.

[BlackMoon258]

For long-term holding, you should choose to hold your coins in an offline wallet. It's much safer than exchange wallet.

But for short-term trading, you must save your coin in an exchange wallet to sell it in the right pumping time.

[Sinderela]

if I prefer in the market just because things like that, too, rather than losing a good moment when prices suddenly rise only in a short time. especially now in our wallets more vulnerable with the robbers robbers wallets who have no mercy

[Isaak Brenner]

For long term only cold storage, becasue any exchange can be hacked or scammed. Use exchange wallet only for trading or short term holding.

[p3ppymon]

The veteran people on crypto tend to say that you should keep your coins in your wallet, never on exchages. However if there is a strong downwards movement on a coin and you want to sell to buy latter at a cheaper price it may take quite a bit of time and fees to move it. What is the right strategy?

This is the big problem of centralised exchanges, where you cannot control your portfolio with individual private keys. I think that the best way would be using a decentralised exchange which, although the volumes are a fraction of big exchanges, give you the peace of mind of a safe possession of your coins. A pro: spreads are much greater and trading can be more lucrative!

[Sermihal]

You can keep some of your coins. The smaller part, it is dangerous to keep coins on exchanges. But some altcoins don't have their own wallets. And you have to be on the exchanges. The best method to store on the stock exchange 10 20 % of all coins

[sharaban]

You can keep some of your coins. The smaller part, it is dangerous to keep coins on exchanges. But some altcoins don't have their own wallets. And you have to be on the exchanges. The best method to store on the stock exchange 10 20 % of all coins

I apologize, if I understand correctly, do you want to say 10-20% keep on the exchange, and the remaining 80-90% on the wallet?

[fibrolit]

Why keep money in your wallet? Money should work and make a profit. The exception - those altcoins that have not yet been placed on major exchanges.

[GoldenLad]

Do the forum moderator intentional permit the posters above me to spam this forum. It's annoying, they way these two posters keep on posting the same post many times. Moderators, please look into this.

OP, to your question; it depends on the coin. Some coins are worth keeping for the long term, while others are worth keeping for short term.  For the long term coin, leave them in a secured wallet but for the short term coin, trade them in an exchange

[h55]

The veteran people on crypto tend to say that you should keep your coins in your wallet, never on exchages. However if there is a strong downwards movement on a coin and you want to sell to buy latter at a cheaper price it may take quite a bit of time and fees to move it. What is the right strategy?

I never hold more than 200$ on exchanges. because i cannot trust them. we remember what happened for MTgox and other exchanges. so advise you trade in long time frame and withdraw your money from exchanges.

[jossiel]

It's fine to store a little bit of your fund in exchanges but don't put too much with it and just play safe with your money in there.

That's how you solve this.

you want to sell to buy latter at a cheaper price it may take quite a bit of time and fees to move it.

You have to set an amount on how much you will allocate for long term holding and for the amount you'll store on exchange.

[jems]

for me to keep a coin in my wallet is the best way to save my money, but I also keep some of my money in exchange because sometimes I also do short-term trading.

[Mrjenong]

I choose to wait to get pendapatab more than the sale of my coins, I will exchange to the market if the price is high. and if there is a fee for the market it's a small thing, only a small tax in the market we pay

[kreket1]

I believe that you only need to keep coins on your wallet. The exchange can be hacked and you lose everything without a return

[slaman29]

What you're not saying is complete. The full recommendation is, not to hold or store your funds on anything but your own fully controlled wallet. Of course if you're using those funds for trading or investment, then you've no choice. But now with decentralized exchanges you can soon still easily trade from your wallet. Waves DEX is one such example.

Besides, transferring a coin to an exchange takes minutes. No fuss.

[DahonPao]

I believe that coins,which you trade at the moment should remain on the exchanges,it is much more convenient and cheaper for you.

[Katabit]

A cold wallet is used to store coins for a long time. For the trade use only part of the money. As rules they are stored on the exchange.

[Fatunad]

What you're not saying is complete. The full recommendation is, not to hold or store your funds on anything but your own fully controlled wallet. Of course if you're using those funds for trading or investment, then you've no choice. But now with decentralized exchanges you can soon still easily trade from your wallet. Waves DEX is one such example.

Besides, transferring a coin to an exchange takes minutes. No fuss.

This is the advantage on using up DEX where you do really have the full control of your account since you jut need to input keys without the involvement of the site itself.Unlike on common exchangers where you wont really hold up the private keys of your own wallet.If we do make trading then its normal we do store up coins on an exchange but please always bear in mind that dont hold big amounts and as possible you should gradual take out those funds or coins if arent needed to be traded.

[Emmy92]

It doesn't take time to move to external exchanges unless there is network congestion. Also why it's Advisable to keep in wallet is this: when there is downtrend, you won't be forced to sell at loss out of emotion. So it's Advisable to keep in wallet if they are your long term coins. If they are not, you can keep in exchange.