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Thanasis
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May 13, 2018, 05:27:19 AM |
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Hi guys, please share your opinion on best exchange,which can I use for long-term investment. Recently, Coinsecure,a INDIAN exchange has been hacked.So I am very much afraid about my investment.I am using right now BINANCE exchange.Is it safe for keeping my investment for 1 year.
Which one do you suggest?
Exchange is not meant for storing our coins so I never suggest you to do this,you need to keep your coins in a wallet ( Which gives you private key to access your funds ).Then your coins will be safe as long as you keep you private key safe.The hardware wallets are the best to store the coins in long term then other kind of wallets. |
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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birzh0
Newbie
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Activity: 182
Merit: 0
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May 13, 2018, 07:01:18 AM |
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any exchange can become like that you used. wanna be sure - do not keep in exchanges. Do not be involved in crypto. Work.
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BARNEX
Newbie
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Activity: 103
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May 13, 2018, 07:40:53 AM |
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Kraken is the best exchange way of bitcoins.
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george888055
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May 13, 2018, 07:48:09 AM |
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I wouldn't consider any exchange for for the long terms investing. But if you insist look at the biggest one maybe Binance or Bittrex...depends which crypto assets you have.
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dungthuy
Newbie
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Activity: 224
Merit: 0
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May 13, 2018, 08:04:49 AM |
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i think it is binance,poloneix,bittrex,you can buy and hold at this exchange,with me if i buy and hold for long time i like hold at my wallet and i will proctect my wallet,it is the most safe with my money,now 80% my money is store at my wallet,and i never log in except i sold out my money
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noorman0
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May 13, 2018, 08:25:13 AM |
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Carefully keep the assets in the exchange wallet, let alone dalah long period of time. Now there have been many cases. The professional hackers are more interested in attacking exchange sites with the opportunity to take more assets of investors or traders only once hacked.
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This space for rent. Available in mid January 2024 - PM me |
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Nonie
Full Member
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Activity: 560
Merit: 100
BBOD Zero-Fee Exchange
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May 13, 2018, 06:22:33 PM |
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binance I think it's great for long-term investment market because binance is the biggest number 1 market and should have a very good security system.
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felixesteban
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Merit: 10
World’s First Decentralized ICO Platform
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May 13, 2018, 07:01:32 PM |
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If a long-term investment such as a year is being considered, exchanges are not really reasonable. Many coins have their own wallet, as for tokens they can be stored in the wallet like mew or metamask. So the coins are always be within arm's reach and you will not have to trust anyone.
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humanCNC
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May 13, 2018, 08:26:53 PM |
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Hi guys, please share your opinion on best exchange,which can I use for long-term investment. Recently, Coinsecure,a INDIAN exchange has been hacked.So I am very much afraid about my investment.I am using right now BINANCE exchange.Is it safe for keeping my investment for 1 year.
Which one do you suggest?
Sorry to say that none of the exchanges are sure they are safe. If you are not a trader, do not make daily deals. I advise you not to put your money on the exchanges. That is quite dangerous. If you want to invest in the long term you should put them in the wallet, especially the wallet hardware, it is the safest wallet. None can steal your money. |
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jlong187
Member
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Activity: 255
Merit: 10
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May 13, 2018, 08:41:53 PM |
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I preffer the binance too, becouse of intuitively understandable user interface and easy and fast transactions, liistings and whateer you need
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richardsNY
Legendary
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Activity: 1232
Merit: 1091
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May 13, 2018, 09:02:01 PM |
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binance I think it's great for long-term investment market because binance is the biggest number 1 market and should have a very good security system.
The thing is that basically all exchanges are secure till proven otherwise, and as you probably can figure out yourself, no one wants to be proven otherwise with funds sitting in that specific exchange. In other words, we have to ask ourselves what secure actually means, and in what aspects an exchange is secure. Binance is more or less still a newbie in crypto land, so it's just a matter of time before something happens on their side that will shock the market. Don't forget that with their size, even a relatively smaller loss of coins (per ratio to their total holdings) will be huge in reality. Huge enough to shake up the market significantly.... |
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sandor111
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May 13, 2018, 09:51:24 PM |
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binance I think it's great for long-term investment market because binance is the biggest number 1 market and should have a very good security system.
The thing is that basically all exchanges are secure till proven otherwise, and as you probably can figure out yourself, no one wants to be proven otherwise with funds sitting in that specific exchange. In other words, we have to ask ourselves what secure actually means, and in what aspects an exchange is secure. Binance is more or less still a newbie in crypto land, so it's just a matter of time before something happens on their side that will shock the market. Don't forget that with their size, even a relatively smaller loss of coins (per ratio to their total holdings) will be huge in reality. Huge enough to shake up the market significantly.... I agree. Just because they are the most popular one and has largest volume, this tell nothing about their security measures. If one plans to store larger amounts of coins on exchange, then you should make investigation how much of their assets an exchange has in cold storage and how much in hot wallets. |
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electron-coin
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May 13, 2018, 10:56:56 PM |
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Your savings are best kept on wallet(s). But if you sometimes trade, then there are many options. Every exchange has its drawbacks and advantages. There is no perfect exchange. Personally, I use Binance, Poloniex and Bitfinex. Sometimes there is a need to use other exchanges (where there are coins that interest me). And sometimes you have to use some decentralized exchanges. But there in general, everything is sad ... in my opinion.
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juragane
Member
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Activity: 476
Merit: 10
CAT.EX Exchange
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May 13, 2018, 11:11:06 PM |
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there are some good places for long term investment I think binance is because I see binends have a very crowded market conditions so that the movement of coin prices there very quickly so suitable for the long term.
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natsu01
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Activity: 392
Merit: 21
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May 15, 2018, 05:08:21 AM |
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It is better to invest your bitcoins in those exchanges with a high volume of bitcoins and so many top ranking altcoins that is listed with.
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Kunlejoe0
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May 15, 2018, 05:33:50 AM |
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If you are investing for long term, keeping your asset in an exchange or third party service is a very wrong thing to do. You should keep your coin in a place, wallet or cold storage where you could access your coin without third party. You must own and secure your private keys.
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RAMSHIVDEEPAK (OP)
Member
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Activity: 224
Merit: 18
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May 15, 2018, 06:44:42 AM |
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Thanks for giving me such a valuable advice to me.Now I am going to lock this thread.
Thanks a lot to all....
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