Don't hold your coin on exchange for long time.

[The Cryptovator]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

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[Bored Logic]

agreed that's why i would say decentralized exchanges are future

[ajqjjj]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Most of the peoples are holding the investment in wallet only but many day traders only hold the exchanging sites because they are always buying and selling continuously so exchanging site is good for the day traders and others are holding the investment in hardware wallet or online wallet.

[nyerok]

yes you should not keep the assets you have in exchange because there is very high risk, one of them is your assets can be stolen there.

[Jaycee99]

Yes you are right. Sometimes there we have a negative scenarios for this kind of situations lile holding I Frequently suggest you always be updated and always look at the market it self the value of the speacific coin to know what is going on, if it is fally or rising. In a much better scenario if you don't want to look at the market value every day, atleast once a week.

If the market value is up go for the exchange.

[bitcoindian]

Yes, I agree with your statement but the people are looking for long term investment better they can withdraw money to their specified wallets in order to protect them. For people who are trading daily can keep coins in the exchange for day trading but they need to follow all the security measures mentioned by them to protect your friend from hacking.

[enawati]

That right, if your purpose to buy coin for long term investment like more than 1 years is better to keep it in personal wallet that you have full control with the private key. But if you want to make profit by trade it, actually keep coin in exchange will be ok, just make sure all security features is activated, and never put all coins in 1 exchange, this is wil be too risky.

[Leonard2016]

For every one who doesn't know , Coincheck was a big exchange which got hacked and people lost around 300 million dollars , It could happen to any exchange in the world , since crypto currency could be change in almost any spot on the earth , hackers from all around the world are after it and they use any thing to get that money , Exchanges are not wallet , Only keep the amount of money you want to trade with , always.

[hugeblack]

It depends on the extent of your experience and circulation. If you are buying and selling daily, you will have to keep your currency for a while, but as a rule, it is always better to transfer to your wallet as long as you do not want to use your cryptocurrencies.
Transaction fees are meager, so a loss of $ 2 to protect $ 2000 is not a bad swap.
Remember: wallets does not mean that your currencies are safe unless you know how to use it "save your seed, hide your private key,...etc."

[riyand]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

exchanger could have experienced a hack and this is very dangerous because we do not have full control of the wallet in the exchanger, although it was a biggest exchanger

[carter34]

yes you should not keep the assets you have in exchange because there is very high risk, one of them is your assets can be stolen there.

The business is involved with risk , this is why securing our coins is advisable. Even storing in mew to me is risky. This to me is like spreading FUD  on exchanges because we also have decentralized exchanges.

[nasipadang]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

You are right that you want to hold long-term a coin, that would be good if you hold it through an offline wallet or hardware wallet. and I think it would not hurt if you hold on the exchange, they have a tight pengamana so it's hard for me to hack an exchanger, even if your account got hacked maybe you made a mistake.

[longminh123]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Agree with your suggestions and also thank your best advice. I always keep my altcoins on big exchanges and are always very scared because I do not know if my property can be hacked in the future? Of course after reading this article I would consider buying a wallet Ledger Nano S for long term investment. Thanks for helping the community with posts like this

[trimulia]

So what exchange that can be hacked by hacker,usually i hold some coin on bittrex,it is safe? I think yes,this exchange never getting hacked for a long time

[bakujo0817]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

yes that most important to  learn if you want to invest in cryptocurrencies if there gonna happen on exchanges like hack you might loss you money to.

[Cobalt9317]

As for me I'd like to make a trading bot account and I think most website is good for holding a minimum amount of crypto just for the sake of trading daily.

We have heard of exchange website being hacked but basically it is really hard to penetrate an exchange only a person who dedicate him/herself from being a black hat hacker could have done something like it.

What is the quote for that? Pyramid does not build in a day. so in reality it will take a long time for a single entity or group could have access to such exchange.

[TooDumbForBitcoin]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Most of the peoples are holding the investment in wallet only but many day traders only hold the exchanging sites because they are always buying and selling continuously so exchanging site is good for the day traders and others are holding the investment in hardware wallet or online wallet.

If you a day trader then you must use several exchanges for simultaneous trading for diversification. But maybe we will be able ti use advanced decentralized exchanges soon

[Anamika143]

You are absolutely right, it is not right to hold coins at the exchange for a long time. I use a good exchange market for an investor and currency buy and sell. And at the end of the job I will withdraw my coins.

[chris200x9]

So what exchange that can be hacked by hacker,usually i hold some coin on bittrex,it is safe? I think yes,this exchange never getting hacked for a long time

Don't think Bittrex is 100% safe hackers can hack any website but security wise Bittrex is better to compare other exchanging sites so people prefer this site. Binance is also a good site you can hold your coins on this site for a short time. only for the trading purpose and those coins don't have a private wallet that coins you can hold it in exchange site. personally, I don't prefer to hold more coins in exchanging sites. whatever security they will give I don't like to take a risk with my investment.

[andohyeb]

If you have a reliable exchange to trade on then there is no need to be withdrawing your coins and depositing for every trades, as such situations will result in your withdrawal fees eating into your profit. Keep majority of your fund on cold wallet, but your main trading funds on the exchange.

[artjomgorelov]

This is a good and valuable advice, which is used by many participants of this forum, we must think about the safety of their money.

[James andrew]

Yes I agree with you now days hack someone personal and private things is common so your money not safe everywhere

[Mahanton]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Common thing and this had been said for hundred times already which you should not store coins which you cant afford to lose on exchangers and as we have seen on the past on the incidents of hacking then we already aware that they might lose anytime. People do knows that but trading with active transfers would really kill you at the fee and the delay specially when you are doing active trades. Transferring times will affect your accuracy when you do make orders due to waiting time. It do have some disadvantages too but when it comes to safety then this would been always suggested.

[Stargazer]

Yes, your point of view is just accurate. Many people are too lazy to withdraw their HOLD coin to their Main Wallet. Sometimes I feel, if I can then I will make a billboard or visit card by written "Don't hold your Coin in exchanges for a long time" and I will give them all crypto traders who are new in this crypto platform   

Holding coins in exchange are not safe, anytime can hack like Binance and Etheredelta got hacked last year and a massive amount of money has taken. So, If you are not a regular trader, then you should withdraw your tokens from Exca=hnage to main wallet or hardware wallet. Hardware wallet is the safest ever, Good Luck For Everyone.

[Slow death]

So please don't hold your coin on exchange for long time.

People do not leave their money in the exchange because they like the exchange, they leave their money in the exchange because in case of a dump the coin, they can sell immediately. if we did not have a big volatile market, I believe that few people would keep the coin on the exchange. Unfortunately people will always keep their coins in the exchange because of the reason I said and it is up to the exchange to increase their security so that the funds of their clients are not stolen

[justin86]

Even though exchanged are not hacked, it is always not safe to keep coins in exchanges because their policies may change, delisting etc. and you may not be aware of that which will end up with a loss for you.

[LbtalkL]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I agree with you its better to hold our coins in our personal wallet if this coin is a long term coin like top 5 coin in the market. Like no matter what happen bull run or bearish this coin will surely recover something like that. But if you're a day trader who depend on small profit but instant profit its better to put some of your funds on exchanges so that if there is a price spike you can sell and buy later at dip. I think any exchanges can be hack anytime just use the most trusted one to minimize the risk.

[shipon01683]

short time trader and day trader can hold but i suggest if you hold long time must send your personal hardware wallet

[emily666]

Use 2FA and don't use bots or give access to anything to your exchange.
If you wanna use a bot, make a separate account for it.

If you wanna trade and you have 2fa on your exchange and
you also have 2fa on your email and
you didn't give any access to bots or anything, you should be fine if you don't trade big amounts depending on your portfolio.

[dangcaohung]

exactly, holding coins on exchange is more risk than holding on your own wallet like erc20 or ledger. because, the cryto exchange always is prefer goal of hackers. There is million and trillion dollar on exchange, and its also lack of protection than the exchange.

[usama98]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I second you because when you transfer your coins to the personal wallet you basically minimize the risk of being hacked, because in the exchanges there are a lot of Users, Transactions that shows high risk of being attacked by Cyber criminals.

[iv4n]

Don't hold all of your coins on exchange, never ever. You should have enough on exchange for your activities, but never more then that. When I make some profit I exchange part of it, sometimes I return myself on starting amount, I never trade with more then I can afford to lose, and that's old gold rule, who forgets it pays sooner or later for that. Last year we didn't see exchange crash, it was case with exchange sites before, but looks like most of them are taking more care this days, they have better security, more protection, but its better to feel safe then to regret later, so keep your money safe on a safe place, that's a wallet, hardware, keeping money on exchange is always a risk, so be careful whom you trust.

[valera10]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I agree with you, but it is not entirely. It is difficult to do this during active trading. Especially when the coins are in endless circulation on the stock exchange.

[Grillo]

This is more than true, i have lost a lot of money on HitBTC because of holding my tokens in there, they did not wanted me to withdraw the money from there, and that is the main reason of why i lost a lot.
Just follow those advices guys, don't hold any token/coin in an exchange.

[cheezcarls]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

For me, storing on their respective wallets are more safe and secure than just putting it on exchanges for a very long time. As of now, there are some few exchanges that are being targeted by hackers, so for me, it is not good to store all of our coins and tokens in the long run. If you choose to be a long-term trader, it’s highly recommended that you should put them in its respective wallet. As for day traders, there’s a reason why you should keep them in the exchanges for yout continuous daily trading which is indeed a high risk. Just my two satoshis.

[Aprodite]

Maybe your idea is very useful for people who want to invest long term. But not suitable for day traders, because most daily traders only hold the coins in a matter of days the longest and the fastest in just minutes.

[just_Alice]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

It is useful to hold a little amount of crypto coins on exchanges, especially for frequent trading, that's why people do it. And some of people are just lazy to install and get to know with hardware wallets, well they regret it later. 

[OMGyasuo]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Yes, keeping your crypto on the exchange for too long is one thing that increases your risk for crypto. Sometimes hackers can hack and execute transactions with them. And maybe the exchange managers can create a plot to take over all the crypto on exchange,

[ThorWin]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I agree with you, but it is not entirely. It is difficult to do this during active trading. Especially when the coins are in endless circulation on the stock exchange.

If we are safe and take care of our wallets, we will protect them with programs like metamas ... etc. So our wallet will be safer and we will hold it for a longer time than it is now. Many people have won in the Crypto market because of patience, so hold on as long as possible if you are patient enough.

[ToyotaFortuner]

yes you are right you should not keep the bitcoin or altcoin assets you have at the exchange because I think it is very risky, you better keep the assets you have in a safe place like a blockchain wallet.

[NereuFajardo]

Of course, holding your coins on the exchange can lead you to lose a lot of money.
It happened to me on the past, and i do not want to repeat the same thign again..

I was holding a bunch of money on my bittrex account, and they didn't let me withdraw my coins out of there

[totholio]

If someone is not taking the necessary measures to protect his private keys and etc. then it's actually safer to keep it on an exchange(better ones)

[bitterguy28]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

For me are comportable to hold my coins in online exchange whre i work my rading job yes if do not know how to handle your coin holding in the exchange have possible to lose your investment but need to monitor everyday to avoid loses the coin because every time you transfer the coin you have need to fee the itransaction.

[Casabrandy]

Mt Gox like exchange is already over unless you are using exchange that don't have KYC and not approve by SEC.  The regulation in cryptocurrency is now good compared to previous years that's why Chinese exchange are mostly closed since they can't comply.

[senne]

If someone is not taking the necessary measures to protect his private keys and etc. then it's actually safer to keep it on an exchange(better ones)

Then with your statement no exchange will be hacked as every exchange uses the best measures to keep the funds of their users safe but unfortunately hackers always find some loop holes in the system and attack on exchanges. I know there are many exchanges which comes with regular updates to avoid any malware in the system but so does hackers, hence it is generally advised that we should not hold coin in exchanges for long period of time due to uncertainty of losing your funds under any external attacks.

[Siren]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Thats what im doing budz,because i know that exchanges are vulnerable in hacking and we have no return if things happen so better save your coins in wallet or storages than leaving this in exchange.

I have some friend that once become a victim and until now hes funds is gone and the exchange continues do deny that he has a lost funds on them

[3philong]

Actually, I'm also concerned about security. But my money is quite small so it is not worth buying a hard purse. because, I would also like the exchanges to secure their wallets

[jamids]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

This is always the advice of those people who lost their coins because the exchange was hacked. If you have large amount of coins in the exchange because there is always risk that the exchange will be hacked and the hacker will get your coins in which case you will lose large amount of money so better just trade for the day and then withdraw your coins afterwards so reduce your risk and if possible store your coins in a hardware wallet. Those who are trading in Mt. Gox before lose a large amount of coins so they are always the one advising not to store coins in the exchange because they learned their lesson and as what they say, if you don't hold your private key in that wallet then it is not your coin.

[whirlcoin]

So what exchange that can be hacked by hacker,usually i hold some coin on bittrex,it is safe? I think yes,this exchange never getting hacked for a long time

All the exchange are in the danger of getting hacked so if your exchange got hacked means you can't do anything.

No exchange is safe to hold anyncoins.

If an exchange never get hacked yet doesn't means that it will be safe to hold even hacker can hack our accounts by breaking 2FA even.

[BinManR]

So what exchange that can be hacked by hacker,usually i hold some coin on bittrex,it is safe? I think yes,this exchange never getting hacked for a long time

Yes, I think it is the preferred form of choice from long-term investors and traders. In some cases, I think putting a coin on a reputable exchanges and secure will bring confidence and peace of mind. I put my funds and coins in binance for 6 months now.

[BarryCrypto]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

What is your favorite hardware wallet or desktop wallet?

[xuan87]

Exchanges is not the place to store your coin, only store the coin that you want to trade in exchanges, exchanges got a bad reputation to hold coins, and learning from experience, exchanges could be a dangerous place to store your wealth, don't lazy to move your coin to wallet, it's better to do extra work rather than losing money

[arthotdog]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Well only noob will do that.leaving the coins inside the exchange because we know that many hacking happening on those sites.its better to save all of that after you make trading for our safeties.

Exchanges is not the place to store your coin, only store the coin that you want to trade in exchanges, exchanges got a bad reputation to hold coins, and learning from experience, exchanges could be a dangerous place to store your wealth, don't lazy to move your coin to wallet, it's better to do extra work rather than losing money

Yups thats why its called exchange meaning you will only do trading there and wallets or storage is the place to hold our coins.

[Choii]

So what exchange that can be hacked by hacker,usually i hold some coin on bittrex,it is safe? I think yes,this exchange never getting hacked for a long time

Actually all exchange site can be hack by the hacker if their project not totally secure, but in Bittrex i didn't see any negative comment that their fund hack by the hacker, so i think that is safe, but why you want to hold your coin to that exchange site? I think much better to hodl your fund on your wallet like hardware wallet 'cause exchange site not the place to store your fund use that if you want to trade.

[adaseb]

I am pretty sure most people who have been involved with Bitcoin for the last few years either keep their coins in a paper wallet, cold storage or a hardware walllet.

We have all been there and saw that guy standing outside of MtGox holding a sign that read "Where are our Bitcoins"?

However most new people don't have that experience and they just keep it on an exchange because it's safer than keeping it on their Windows desktop with malware. Or they don't know how to do a proper cold storage. Or they don't know where to buy a hardware wallet.

[sheenaedago]

So what exchange that can be hacked by hacker,usually i hold some coin on bittrex,it is safe? I think yes,this exchange never getting hacked for a long time

Yes, I think it is the preferred form of choice from long-term investors and traders. In some cases, I think putting a coin on a reputable exchanges and secure will bring confidence and peace of mind. I put my funds and coins in binance for 6 months now.

If we invest af reputable exchanges they had their most secure token storage while you're not still planning to sell your holdings. You could set a security confirmation through email, just like what I did with my cryptopia exchange site. The transactions on log in went out very safe upon accessing the trading environment.

[Moiyah]

I so much agree with this. There are unexpected scenarios wherein the system of an exchange will be hacked. We must still be play safe and secure in all the things we are doing associated with cryptocurrency especially with our hold coins. We can still put our coins in an exchange but not so long. Though some say established exchanges cannot hack, honestly, we can not say what may happen in the future.

[GawirZZ]

yes it is very dangerous what if you lose your coins when you intend to exchange your coins and you lose your coins due to negligence. saving coins in exchange is very risky

[automaticmoney]

not holding coins in exchange for long-term is a valuable suggestion for a new crypto trader we never what happens once the exchange is in problem

[GermanGiant]

I agree with you, if we holding coin on the exchange will be many risks like coin hack, exchange stopped and other problems.
I recommendation use hardware wallet like ledger or trezor because of high security.
But you must keep the 24-word seed to recovery.

[george888055]

I would advice to use DEX (decentralized exchange). You get all the trading features of a 'regular' exchange, minus the risk.

[yohan09]

Yes, Since it is highly volatile we can't assure our assets will go forward, That's why we have to keep something for ourselves. If you think you already achieved the right amount of profit you may transfer your coins to offline storage to avoid possible hack and loss its value.

[ASHLIUSZ]

I agree with you, if we holding coin on the exchange will be many risks like coin hack, exchange stopped and other problems.
I recommendation use hardware wallet like ledger or trezor because of high security.
But you must keep the 24-word seed to recovery.

Even with the exchanges our funds were secure. For this we need to select the best exchange service, because one with the best reputation will never let their users get scammed or get into any security issues. Holding on exchanges and different trading platforms were good for daily traders.

[DonFacundo]

It depends to the exchanges if it is really secure exchanges like binance then it's ok to hold your coin on exchange, but ye it's better to hold the coins in your hardware wallet so it's 100% secure.

[ronsaldo]

I agree with your statements, Holding our coins for a long time in exchanges are not good because sometimes coins in exchanges are being delisted.

[Lazada]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

That is very good information, because in fact it is the right thing. Holding coins with large amounts and a long time in an exchanger is a risky action. As it happened some time ago, there was an exchange that experienced a system failure. Security exchangers are successfully penetrated by hackers and in the end all users listed on the exchange lose all the money they have. This is the thing that is avoided, therefore we should be able to choose the best thing, save on a hardware wallet can be an option because it will avoid ourselves from losing the coin that we have.

[Panunggalan]

if this time as well as his coins in store first, in because bitcoin prices are now declining, if we sell now then we will lose a lot, if the store in the wallet of our coins will be safe safe.

[jerowacik]

Even a very short amount of time does still has risk. A large exchange hack could be a crushing blow even for the bull market

[panjul07]

I agree with your statements, Holding our coins for a long time in exchanges are not good because sometimes coins in exchanges are being delisted.

I believe the main reason of suggesting it is not about the deletion of the coin from the exchange. It is more about the safety purpose, we need to learn about big exchange got hacked or being a scam exchange. In this case, users cant do anything, but if there will be deletion then users will be allowed to withdraw the coins from the exchange to their own wallet.

[dewi91]

So what exchange that can be hacked by hacker,usually i hold some coin on bittrex,it is safe? I think yes,this exchange never getting hacked for a long time

Although bittrex has a high security system but is not mean bittrex will never getting hacker. Exchange is not Made for hold your coin for a long time, use exchange only for trading and hold your coins on your wallet. It's better to prevent from losses than you should feel regret when you really lose your money.  

[Rodeo02]

So what exchange that can be hacked by hacker,usually i hold some coin on bittrex,it is safe? I think yes,this exchange never getting hacked for a long time

Although bittrex has a high security system but is not mean bittrex will never getting hacker. Exchange is not Made for hold your coin for a long time, use exchange only for trading and hold your coins on your wallet. It's better to prevent from losses than you should feel regret when you really lose your money.  

True you can trust this for short term hold but for long term think wise for it and all the negative and positive that can ever be happen if you hold it for long in any coin exchange.

[mulukey]

if this time as well as his coins in store first, in because bitcoin prices are now declining, if we sell now then we will lose a lot, if the store in the wallet of our coins will be safe safe.

Keeping the coin for as long depends on the investment plan that you have set. Try to implement your investment plan as I think it is the key to your success because I have witnessed many successful patrons in implementing their principles and plans.

[hujanderas]

if your goal is to buy coins for long-term investments, better keep them in your personal wallet with full control of the private key, But if you want to make a profit by trading it, actually saving coins instead will be fine, just make sure all the features security is enabled.

[yanto@1977]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Mostly I agree with you but with different reason, most coin I have already sell after list on exchange because I need money to pay bill and for trading activity. As bounty hunter, become successful trader is my dream and payment from bounty task used for this purposes. Need fast fund make me never save ( hold ) coin too long, not to invest but for trade only.

[Getcoinsite]

you are right.but as a trader I need to hold coins/asset in my Exchange wallet.because for regular buy sell I need to kept asset into exchange wallet.I know its risky but without its,there are no ways for regular trader.

This is the hard thing for a traders because we need to have our coins in exchange that were using to be always ready incase theres a pumping happens in our coins because sometimes pump and dump takes only minutes and if youre late,then nothing comes to you.

Maybe whats good to do is just keep in exchange those coins that you use for daytrading,and those for long term goes to the storages and wallets

[otunayode]

Holding your coin in a reputable cryptocurrency exchange might not dangerous to the extent that you will lose part or all of your fund. There is a risk in everything just decide the amount of risk you can take!

[LSt56]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

so true,
this is one way to keep our assets in a safe position. and we'd better keep our coins in purses that are really awake or even better using an offline wallet.

[lushlife]

I agree, for me it is much safer if you use hardware wallet.
What is hardware wallet? A hardware wallet is a special type of bitcoin wallet which stores the user's private keys in a secure hardware device.
Well it's not for free but it's worth it.

[arief89]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

thanks for the information, because I also keep the coins in exchange, keep the coins in exchange for ease if I want to make a sale transaction. but if saving coins in a dangerous exchange then I will put the coin into my wallet again. .

[Lhaine]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Thank you for this. Now a days many hackers will come in crypto and im scared to lose my coin. I don't understand why there are a lot of lazy people, all they want is easy money and they hack other people's account just to get coin.

[Paul23]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

it's really true and thank you for this info..newbie like me are make aware because of this sharing idea.
-My first conclusion if you don't trade , you have no business leaving anything in there,
-my second opinion is does anyone else sees the irony of centralized exchanges for a decentralized economy?

[nightways]

agreed that's why i would say decentralized exchanges are future

Yeah these are. Literally right now it is just a hypothesis that may this coin would become so huge and this cryptos world becomes supreme in coming days or years. But this wasn’t even in thinking before 5 to 6 years. We never knew that this sort of world can become so strong that people become affiliated with them and earn money. They are now source of income for so many homes.

[btctestcolets]

I really thanks for the informations you've shared to us here in the trading discussion. It was very important for me because the same as you. i've always stored my coins in an exchange site though it was advice by my friends to do that for easy transactions which could be a wrong procedure.

[samycoin]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

That's true much better that we careful for every we do to our coin. Exchanger is not a wallet so don't put or stay there your coin there's some wallet that we can you with private key. Put your coin to exchange if you need to sell it.

[coinfinger]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I agree with you its better to hold our coins in our personal wallet if this coin is a long term coin like top 5 coin in the market. Like no matter what happen bull run or bearish this coin will surely recover something like that. But if you're a day trader who depend on small profit but instant profit its better to put some of your funds on exchanges so that if there is a price spike you can sell and buy later at dip. I think any exchanges can be hack anytime just use the most trusted one to minimize the risk.

If you have planned to get into the crypto market and that you have somehow managed to invest some money into it and that you have bought some crypto coins, then it is you who has this responsibility to take care of those coins and that you need to keep them secure so that no one can take away those coins from you. if you will put your coin on exchange instead of wallet, then there are likely chances that you will suffer some loss.

[Korkorjkk]

I agree with you. You can only hold your coins in exchange if you are willing to sell them. But if you are a long term investor, it will be better you keep it in your wallet to prevent hackers from assessing your coins.

[sedahan13]

I dont have other choice because my purpose to buy crypto is for day and swing trading, i have to keep all my coins in the exchange. And to minimize the risk i used 4 different exchange, and always turn on all security features. And when i get profit i will withdraw some to the fiat until my capital back full, and use only remaining profit to trade back.

[rjsmith]

Hi, I am jr.member I don't hold my coin for long time because every month my need money.but thanks all trader for your information.

[a2offrb]

Your view are clearly stated, comprehended, agreed with and should be abided for any rational Trader or Investor. But as much as this does not necessarily affect the Day Traders who are actually using  a strong Exchanger and has been long existing there, also to anyone that must just have his transaction done and withdraw the balances back to his personal wallets, I still strongly feel that whenever it is involving a very huge amount of Bitcoin probably, hardwares like Ledger Nano S can be implored for storing of these coins aside prompt and instant Trading at the Exchange.

[emmybd]

It is certainly not safe to keep your coins on exchanges for a long time. Exchanges can get hacked. Many exchanges have reported hacking in the past. You would lose all your coins if exchanges suffer hacking attack.

[Souldream]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

it's really true and thank you for this info..newbie like me are make aware because of this sharing idea.
-My first conclusion if you don't trade , you have no business leaving anything in there,
-my second opinion is does anyone else sees the irony of centralized exchanges for a decentralized economy?

Sometimes it is possible to hold your coin on Exchange fpr a long run of time because we have our daily needs that we need to sustain with. But we do have our different choices and gut feeling and if you feel safe or unsafe hodling your coin on Exchange for a long run then it was our own decisions all we have to do is to become a wise hodler here in crypto world.

[bitbunnny]

It is certainly not safe to keep your coins on exchanges for a long time. Exchanges can get hacked. Many exchanges have reported hacking in the past. You would lose all your coins if exchanges suffer hacking attack.

These are well known facts and every experienced user by now should have known all security risks.
First important rule is that exchange is not a wallet and this is not its purpose but people very often forget that because keeping coins at exchanges is convenient to them. Keep only the amount you need for trading.
But don't forget keeping coins on exchange exposes you to risk not only to be hacked but also there is the possibility that coins could be misused internaly from the exchange.

[supermine]

I dont have other choice because my purpose to buy crypto is for day and swing trading, i have to keep all my coins in the exchange. And to minimize the risk i used 4 different exchange, and always turn on all security features. And when i get profit i will withdraw some to the fiat until my capital back full, and use only remaining profit to trade back.

If you don't have any other option the better to use 2FA and IP authorization which can give resistance to the hack but exchanges are in risk of hacked fully in that case these cecurity features won't help us anyway.But now may exchanges are coming with new terms and regulations to avoid hacks like photo verification in Poliniex exchange which can be very helpful but more people are concerned about anonymity too.

[jitenrajput]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Yes, completely agree. That's the most important precaution while trading. If you have the private key, you have the coins. Lost private key, all your investments are lost.

[YTBitcoin]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I believe the fact but still I often keep some of my coins on exchanges as I have to do a day trade in sometimes when the market is better and for that I have to need some instant money on my exchange.
But I believe that exchanges are not better place for to store our money for longer time. I often keep them in desktop wallet when I do not need them for trade.
I mostly keep in most secure exchanges but still I feel fear.

[ahtsham90]

Exactly, its not safe at all. if the quantity of your funds and tokens are too high try to minimize the risk by sending tokens to their personal wallet. you can get alot of reward as well in the wallet liking staking and dividend pay but, people are unable to understand and thier all holdings are on exchanges

[jagdeepjd]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

agree with the suggestion but some traders might not have that much fund which they need to buy hardware wallet for so in that case exchange is the only option and If you can take proper care about 2FA and email verification on withdrawals then you are safe to hold your funds on an exchange. But yes if the amount is higher then you must buy a hardware wallet to secure the funds.

[soenaderecho10]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

agree with the suggestion but some traders might not have that much fund which they need to buy hardware wallet for so in that case exchange is the only option and If you can take proper care about 2FA and email verification on withdrawals then you are safe to hold your funds on an exchange. But yes if the amount is higher then you must buy a hardware wallet to secure the funds.

Yes,i agree you its not good to hold in longterm way because theres many hackers that can hack you so if you planning to hold in longtetm way its better to keep it in personal wallet that only you can control it and if you keep it in your private key in your wallet its hard to hack that so safety first so that you canot regret someday.

[Zekemporium]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Off course putting anything on the exchangers is very risky. However there are some of the coins which are very volatile and we may need them on the exchangers all the time to swing trade by putting them at the stop-loss order thus it gets locked out. But that much risk is needed. To avoid being hacked or stealing then we should always use all the possible authentication systems that are provided by the exchangers. For example, 2FA, SMS verification, Email Verification. This way we can make it far more strong.

[Idrisu]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Thank for your advice sir and of a truth I have left my coins at poloniex for more than a year now and I never feel risk the capital.  Some exchange are save just that  it is  safer for one to keep his or her coins in offline wallets.  Many are looking at the exchange as the most risky way for one to keep coins but to me this is because of the past experienced and we actually needs to correct this perception.

[yatogami]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Hacking attacks are unpredictable and can happen at any time and with any exchange.
It doesn't mean that one should not be engaged in daily trade, it only means that we should store on exchanges that very amount of coins that we would not regret for in case this exchange gets hacked.
Thanks God I've never been in such a situation but I can imagine the feelings of those people who lost millions of dollars due to hack attacks.

[dunfida]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

We do only barely see for an exchange to be hacked but same as said it would really be possible anytime and if you do make use an exchange to be your wallet of your coins then it would really be risky but still there are people who do make such thing because they can easily trade out actively if those coins are on exchange wallet unlike if you do still need to transfer it into other wallet then it would really cause some delays of your trades.

[Vivif]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Many thanks sir. before I also ever lose some of my coins in exchange, I do not feel withdrawal the coins. Since then I did not dare put coins on the exchange. and one more about my bad experience, somehow I copy-paste my btc address in the trezor wallet and I send a btc number to that address. but after I realized because my btc never arrived at my trezor wallet, btc address is changed instead of my trezor wallet that I used earlier. and I checked in his TX history was changed. not the wallet. I suggest to do a wallet check before pressing send button

[5ensei]

It is not always the case, as some people do not have access to a secure wallet that can be kept all the time e.g. travellers. So for some holding them on an exchange is fine, but it should be spread out to multiple exchanges so if one is hacked you won't lose everything

[vishudda]

Yes, there are many exchanges, which are turning up as scams. We don’t know when they shut down the business. It is safe to hold your coins on your Myetherwallet followed by safe guidelines in using MEW. and there is a chance to get hacked by the hackers, all the money which is in the exchange will be gone if the website get compromised.
It is advised to transfer your funds to your personal wallet where you only will have complete control about your wallet.

[ckorbba]

It is not always the case, as some people do not have access to a secure wallet that can be kept all the time e.g. travellers. So for some holding them on an exchange is fine, but it should be spread out to multiple exchanges so if one is hacked you won't lose everything

I can not understand What is the difficulty for a traveler to have access to the exchange and not have access to his wallet? If someone has one, then there must be another one, too. In any case, keep your money on the exchanger and the exchange is very dangerous, even if these funds are concentrated on several exchangers.

[Nick Abimanyu]

Really a wise suggestion, the long-held coin's particularly vulnerable to the existence of thieving reconnaissance either by the hacker or the owner of the exchange account.

[Anandhi]

Really a wise suggestion, the long-held coin's particularly vulnerable to the existence of thieving reconnaissance either by the hacker or the owner of the exchange account.

The other thing that could lead us to regret if we hold our coins on exchanger is, when there is an airdrop for coin holders or when there is a hardfork, we will miss the opportunity to get those free money.

[Xising]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Although that's true and agreeable, it's just difficult for people to not hold their coins, especially when the market is not doing good or the coin itself is not doing good. If they will dispose it, say after a certain amount of time, without considering its value, then it would actually be difficult to get a profit, because in the event that it doing that strategy won't do you no good, then it would be a wasteful move. This market is just so open to plan changes depending on what's happening.

[Ailmand]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Most of the peoples are holding the investment in wallet only but many day traders only hold the exchanging sites because they are always buying and selling continuously so exchanging site is good for the day traders and others are holding the investment in hardware wallet or online wallet.

That's right. In this market, "time" is really a secondary factor if we're talking about value. It's just so difficult to actually base your investment plan on time because this market is just so unpredictable that changes may come after a short or long while. That happens all the time, which is why, every move here is more of a "case to case" basis.

[uray]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Storing the coins in an exchange is not the best idea because of the security issue it possesses because of the rate at which some of the exchanges gets compromised using hardware wallet is the best way to avoid these sort of issues and no one in the right sense store their coins in exchanges.

[cryptocurrencyguru]

One of the most important moves for cryptocurrency traders is nt to hodl on exchanges they should hodl coins in hardware wallets like Trezor and Ledger Nano

[Dynamic218]

Holding make the most profit for you

[richardsNY]

The other thing that could lead us to regret if we hold our coins on exchanger is, when there is an airdrop for coin holders or when there is a hardfork, we will miss the opportunity to get those free money.

You won't necessarily miss out on your 'free' fork coins in case the exchange you are using is known to issue them quickly after the split took place. I think this actually gives people more incentive to keep their coins on specific exchanges during a looming fork. Exchanges as Yobit and HitBTC are mostly the first ones to allow trading of these fork coins, and the 'pre-market' value is always way higher than the value when exchanges actually enable the outside world to deposit their fork coins. IIRC, the 'pre-market' value of BCH on Bittrex topped 0.4 BTC briefly, which was just crazy. Now people have seen that happen, they know what to do in order to dump fork coins as soon as possible for the highest price....

[Febriana98]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I don't really understand why hackers can hack the site of an exchanger, but it's also good we do not long to keep our coins in the exchanger, to anticipate things we don't want...

[royale143]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

For me, instead of looking at my ventures on the aspect of "time", I just see where I should go through my investment in the aspect of "profit". I usually set a profit goal or margin that I have to closely, if not, concretely reach before I would dispose off the coins I hold. I do that because, like everyone else, my main objective in doing cryptocurrency ventures is to gain profit. Therefore, I don't just set a time and trade my coins out when that time comes because I would not mean that if I held a coin for long that it would always yield a profit.

[4abrec]

I agree but partly. I will explain why, there are different situations, one of them is an active day trading, which does not allow long to store funds in wallets. Because they are always in circulation. You just have to be very careful.

[shone08]

I agree but partly. I will explain why, there are different situations, one of them is an active day trading, which does not allow long to store funds in wallets. Because they are always in circulation. You just have to be very careful.

Holding your token on any exchange site is not safe because its only for in and out basis, we dont know how long this exchange site will run and a lot of hacker are always there to take out your token.
Using a hardware wallet to store your token is advisable to use.

[Buttercup123]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I don't really understand why hackers can hack the site of an exchanger, but it's also good we do not long to keep our coins in the exchanger, to anticipate things we don't want...

Ever heard the phrase "No system is safe."??

It do get us to wonder why some exchanges are being hacked, do they don't have good security?, do they don't have any security protocols or is their site that easy for hackers to enter?

On the other hand, hackers will always be hackers and it is their goal to make any system available for them. They will do everything and anything to get into a system which will boost their assets as well as their ego because once a system is entered, it became an achievement to them.

[expless]

I agree with you, if we holding coin on the exchange will be many risks like coin hack, exchange stopped and other problems.
I recommendation use hardware wallet like ledger or trezor because of high security.
But you must keep the 24-word seed to recovery.

Even with the exchanges our funds were secure. For this we need to select the best exchange service, because one with the best reputation will never let their users get scammed or get into any security issues. Holding on exchanges and different trading platforms were good for daily traders.

This is not a problem if you are holding coin on any exchange for a long time because the exchange is yours and you will need to handle that so where the risk or difficulty will occur? The best choice is to trade without any friction and to sell rapidly if you are in profit.

You will must be holding coin for a long time if you bought the coin on high price and then waiting for the price to go higher. So this is a false decision to buy coin in a high market, you need to buy in a low market so as to remove and prevent yourself on holding coin in an exchange for long time.

[pendekar cinta]

Indeed the risk in trading is very large, especially with the hackers who often target someone's wallet so many are concerned and they prefer to sell an asset as quickly as possible even though prices have not yet peaked.

[alminium]

Yes, depending on the extent of your experience and circulation. If you buy and sell every day, you should keep your currency for a while, but as a rule, it is always better to transfer to your wallet as long as you do not want to use your cryptocurrency. Hackers from all over the world after that and they use anything to get that money. Exchange is not a wallet. Just keep the amount of money you want to trade always.

[Diced90]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Agreed, but then again not having some coins on standby for any urgent exchange can cost you from failing to buy some cheap coins as network gets congested at times and such should never be your worry.

But better to be on the safe side coins should be kept in your personal wallet.

[mudasarali43]

I think they just make account, they just put tokens without reading the term and conditions and security verifications, I think if you can properly verified your account with mobile verification email verification and 2F Authentication than your account is secured, Hacker has no chance to steal your money and you are free from loss, I think if you do proper verification than it is best for your accounts Money,

[margaret22]

We all know, that holding money on an exchange is not safe, but it is just so much more comfortable to do, instead of sending the money in and out the exchange. Bad habbit to keep it there for many of us I guess

[RenBct]

For me if you are planning to hold you tokens don't hold it in a exchange and hold it in a very secure place like a ledger because you only have a access on that ledger but of course sometimes if you don't but a ledger in it's web you can get a malware on your device.

[robotrobert]

Indeed the risk in trading is very large, especially with the hackers who often target someone's wallet so many are concerned and they prefer to sell an asset as quickly as possible even though prices have not yet peaked.

To some extent this statement is right and to some extent this statement is just a stupid thing. We all know this better that bitcoins are amazing and they can be on holding for long time to earn big profits. We all know this as well too that prices are potential to jump on moon so we may be seeing the best of prices in later times. So keeping your coins in wallet doesn’t have any issue with this.

[ChaChaiTL]

Can you please tell me the truth, but depending on the price and condition of the body you should keep it long or sell it as fast as possible, depending on the circumstances we have not said before.

[Rainbow009]

I don't think it's safe to hold your coins on a centralized exchange for a long time.

[bots1]

so far my wallet in the exchanger is still safe from 2016 until now. all my wallets are in poloniex exchanger, binance, bitrex, tidex, hitbtc, z-bit and indodax. I think hackers will steal the assets of careless people, such as not activating 2fa on their wallet exchangers or phishing in the form of cloning website. keep wallets in the wallet offline is more secure, but the impact is more risky virus. IMO

[seinzein]

That's absolutely right, because it often happen,
Even a great exchange like etherdelta.
Last year my friend lost his coin.
It cost almost 1 btc.
He was so stress and regret what he has done.
It could be our lesson that daving in our wallet that we have the control or the private key, it"s much better and save.
Never hold in long time. I know sometimes we lazy to transfer it. But when you lost it, you will regret the whole life.

[Kevin77]

agreed that's why i would say decentralized exchanges are future

Yeah, decentralized exchanges are definitely the future, but the thing is that we are not even there yet, because even decentralized exchanges as it is are still susceptible to hacks at least from what we have seen over the years with the likes of EtherDelta.

Yes, there would be a lot of improvement in the long run, but we are simply not there yet. For now, the best way is to just only make use of your wallets and unless you are really looking forward to make some trades, it is better to always leave only what you want to trade with on an exchange.

[vinbentrob]

I will even go a step further to say don't hold your coin on any exchange if you are not planning to trade.  Whenever you are in a situation where you do not have control over your coin,  you should know that such situation is precarious!

[AbyssLagiaz]

There are just those who keeps waiting for the trade to be in a reasonable price before they sell. While their coins are standing in the edge of hacks in the exchanges, and they weren't aware of it even a single bit of it. The ignorance is what leads them the most to regret in the end. I had done this quite a time, never got hacked but I am surely aware that there is always that 100% risks that a certain trading sites might get hack with just one click.

[drumamat]

I hold my tokens NEM on HitBTC more than 8 months, and I didn't worried about it, because have 2FA access to account

[wiro212]

really...saving coins in exchange is very risky, better keep our coins in the wallet and have good security. we never know how the exchange will continue, if we forget, and it could also be that if the exchange is a scam then we will lose our money entirely.

[Sir Cross]

There are just those who keeps waiting for the trade to be in a reasonable price before they sell. While their coins are standing in the edge of hacks in the exchanges, and they weren't aware of it even a single bit of it. The ignorance is what leads them the most to regret in the end. I had done this quite a time, never got hacked but I am surely aware that there is always that 100% risks that a certain trading sites might get hack with just one click.

I agree to this. There are a lot of people who hold on to their coin in order to gain more money from it, in the hopes that their coin’s value would increase. However, knowing that cryptocurrencies are volatile in nature, one must study the trends carefully and to know the best time they can buy or sell coins. It is hard to enter into cryptocurrencies without studying the basics first.

[Triffin]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I don't really understand why hackers can hack the site of an exchanger, but it's also good we do not long to keep our coins in the exchanger, to anticipate things we don't want...

Ever heard the phrase "No system is safe."??

It do get us to wonder why some exchanges are being hacked, do they don't have good security?, do they don't have any security protocols or is their site that easy for hackers to enter?

On the other hand, hackers will always be hackers and it is their goal to make any system available for them. They will do everything and anything to get into a system which will boost their assets as well as their ego because once a system is entered, it became an achievement to them.

This statement is true if the market is good and green for sellers and you are not selling that will waste your time if you hold for long term. The long term is valid in case you are investing in a low market and now waiting for a high market so you have to keep it with your self and not in an exchange account and when the price goes high you can simply place your coins in exchange.

[jwenbu]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Probably its a great advice. Its better to be safe than losing your money. We have to be more secure if we can save in our personal wallet.

[bastian466]

but I think it's safer to keep a coin in an exchange wallet because its security is stronger and has a more ordinary value seeing the change in coin prices in grip

[MuhNofa]

yes I stuju with you can be seen lately MERCATOX also hacked but I was lucky my coin in it is still safe and I immediately sent my coins to my own wallet

[Chronos_angel]

People are looking for the long-term investment, they can withdraw money to their special wallet to protect them. For people who business every day can keep coins in substitution for day trading, nonetheless they are needed to follow all the security measures described by them to protect your close friends from hacking.
In just a significantly better scenario if you do not need the marketplace value every day, at least one time a week.

[eloymjb]

 yes, i agree on this, if you want to hold your coins for the long time better to transfer it on your wallet. because in the wallet is more much secure than any other exchange even if this exchange is on top or not better to secure your funds.

[bittnick]

If it is a reliable exchange, for example Binance to keep money on the exchange is a good idea. And if you need to urgently sell? The transaction from the wallet can go long and you will miss the profit.

[super5star]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Most of the peoples are holding the investment in wallet only but many day traders only hold the exchanging sites because they are always buying and selling continuously so exchanging site is good for the day traders and others are holding the investment in hardware wallet or online wallet.

Even day traders only hold what they can afford to lose or what they are simply trading with on exchanges and most of it in their wallet. The thing is security wise, it is still very hard to trust any exchange and the best way is just to try as much as possible to play safe and not be too dependent on any to leave all your funds in there. Thanks to additional security measures in most of the exchanges, but it is always better to be safe than to be sorry.

[kevpantof]

yes you should not keep the assets you have in exchange because there is very high risk, one of them is your assets can be stolen there.

It would even be terrible mistake for anyone to do something like that with what has happened to some exchanges over the years and how it can still happens. It is a huge risk to be taking when you do not have any control over your funds and unless you are trading with the certain amount on the exchange, the rest should be left in your wallet for the long term. It is very important to learn how to stay safe in this space, and this is definitely one of those ways.

[fritzvillarin]

If your a an active trader , you can hold your coins in exchanges because your actively trading. But if not, then store it,where your have the private  key before you see the 404 right in front of you.

[kudil]

yes I stuju with you can be seen lately MERCATOX also hacked but I was lucky my coin in it is still safe and I immediately sent my coins to my own wallet

I lose my BTC on mercatox too, first i think this is for monthly fee (like a bank) but after read topic in this thread, it abnormally   Till now i'm not hodl my asset on exchange, just hodl on myetherwallet

If your a an active trader , you can hold your coins in exchanges because your actively trading. But if not, then store it,where your have the private  key before you see the 404 right in front of you.

Love this suggestion, so because im not trader, i just hold on myetherwallet Thanks

[Getmon]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I have received such a very usual advice. I, too, am giving away the same advice to people. However, as much as I want to avoid storing a good amount of coins in my exchange wallets, I find it practical to do just this. I do trading every now and then, especially if the market is turning bullish. I cannot simply pull in and out my coins every time I do trading. That would mean a whole lot of fees that would greatly diminish my gains.

[baconlike]

yes, i agree on this, if you want to hold your coins for the long time better to transfer it on your wallet. because in the wallet is more much secure than any other exchange even if this exchange is on top or not better to secure your funds.

Well, move on to your wallet so they are safer, do not put them on the wallet of such trades very risky for you, maybe they will lose if you do not control them. Depending on the person but most people moved to wallet to hold longer.

[TheGreatPython]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Well, it is actually very funny to see people holding money on an exchange for a very long time when you obviously know that you have no control over them. A lot of this has been mentioned over the years, and I still wonder why a lot of people still make such mistakes anyway, knowing that you will be taking a huge risk of losing your funds in the case where something ends up happening to the exchange and knowing how some exchanges have really been a victim of hack over the years.

[Valzzz005]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Based on my experience holding your coin for a long time in an exchange can lead into just a loss but not all the time but the thing is I am in a bounty campaign and all those was just a bounty reward so I cannot assure myself that the coins is good for a hold because most of them must be sold when the price pumps they cannot rise even more because they always lead into a dead coin. So that is what happen I wanted to have a kuch more money so I hold it but didn't happen but instead I received nothing.

[sumanto]

yes you should not hold the coin you have for a very long time or long term on the exchange because there is already such a case, he keeps a lot of bitcoin at the exchange after which the exchange is closed and can not make a withdrawal.

[margert]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I think that at this time bitcoin prices are constantly fluctuating and difficult to kick, you can see that the market is fluctuating continuously and will be hard to recover strongly. Therefore, your long-term investment is very difficult, I believe that bitcoin prices will be able to adjust and then continue to fall to depth $ 5000.

[karthcrypt]

Holding coin on exchanges is very dicey! You never know when market will trade in your favour and on the day it does,  you may miss out on your chance for good profit since such event happens very fast!

[dekcutbusu33]

Because cryptocurrancy currencies can change in almost any place on earth, hackers from all over the world after that and they use anything to get that money, Exchange is not a wallet. Just keep the amount of money you want to trade always. Sometimes there we have a scenario negative for this kind of situation that is held under you. You often suggest that you always keep up-to-date and always look at the market yourself the value of a special coin to know what is going on, if it is true or increases. In a much better scenario if you do not want to see the market value every day, at least two weeks. If the market value goes up, go for an exchange.

[Jorosss]

Holding coin on exchanges is very dicey! You never know when market will trade in your favour and on the day it does,  you may miss out on your chance for good profit since such event happens very fast!

Yes actually this is very risky to hold your coin in an exchange. We never know what's gonna happen next so better we have to save our coins in a safe wallet. So im on the side not to hold coins longer in the exchange.

[xSkylarx]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I don't entrust my coin in an exchange because I find it so risky since most of exchanges these days are hackable. There are lots of phishing victims nowadays and it is really hard to keep calm while storing our money on exchanges. It is better to keep it in our ledger and safer wallets.

[solarion]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I don't entrust my coin in an exchange because I find it so risky since most of exchanges these days are hackable. There are lots of phishing victims nowadays and it is really hard to keep calm while storing our money on exchanges. It is better to keep it in our ledger and safer wallets.

I hope no one will do that for having the fund on any exchange wallet I hope. May newbies could do that here on the exchange but if really wanna help the forum members they should open the thread on beginners and help section only not here I guess.

We should need not to answer the same thing again and again bro.

[developer101dev]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Yes you are right, i prefer to hold my coins on wallets and not in exchangers because sometimes they are getting problems in their system which you might lose your cryptocurrencies in the future so i prefer using wallet or a ledger.

[Compa]

Of course, it's not recommended to hold or store your coin/tokens on the exchanges for a long time
better to store it in the wallet, it's more safe.

[cryptogideon19]

Where did you get that one of a kind NEWS? I think it's not good to see this post in here. I think it's Good to say on here but it's not totally Good.

[Finestream]

Of course, it's not recommended to hold or store your coin/tokens on the exchanges for a long time
better to store it in the wallet, it's more safe.

Right.That's why we have our own wallet with own private keys so we can keep it safely and privately away from hackers around.There are a lot of negative news spreading about some of the exchanges being hacked even those who are trusted by most people.So we should think of the safetiness first of our hard-earned coins than letting other people benefit from it.

[yeezycheezy]

yes sir its not really good to hold your tokens or coins exchanges its better to store your coins in your wallets.

[shield132]

Curious is that much time or short amount of holding bitcoins can't decide whether exchanger gets hacked or not. Maybe I hold btc on exchanger for 1 year without issues but someone just transfer them on exchanger today and after one hour it got hacked but before one hour, somehow I decided to transfer them on my personal wallet.
So from this, OP's and everyone's who accepts OP, can't be concidered as logical opinion.

[ckorbba]

Curious is that much time or short amount of holding bitcoins can't decide whether exchanger gets hacked or not. Maybe I hold btc on exchanger for 1 year without issues but someone just transfer them on exchanger today and after one hour it got hacked but before one hour, somehow I decided to transfer them on my personal wallet.
So from this, OP's and everyone's who accepts OP, can't be concidered as logical opinion.

in any case you are very fortunate that you have saved your Bitcoin on the purse of the exchange. Today, there is a lot of information about hacking accounts. Therefore it is better to be safe and not to take risks.

[hrzaree]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.
[/quote] Most of the peoples are holding the investment in wallet only but many day traders only hold the exchanging sites because they are always buying and selling continuously so exchanging site is good for the day traders and others are holding the investment in hardware wallet or online wallet.

[vv181]

It is indeed not recommended to hold a big chunk of cryptocurrencies in the exchange, especially centralized exchange. The possibility of getting hacked is tremendously increased. We better to put it on our own wallet where we fully control the private keys, and for maximum security, it is worth to invest in hardware wallet.

[giarised]

Where did you get that one of a kind NEWS? I think it's not good to see this post in here. I think it's Good to say on here but it's not totally Good.

I think there are some reservations on this point. We need to think over it and then consider the realities and history that helps us to make good decision and observation. The thing is, exchanges should be legit so that you might not have any doubt for their negligence over your loss. Secondly, you must be considering best exchanges because they can either lift you up or just drop down.

[okorocrypto]

agreed that's why i would say decentralized exchanges are future

But most decentralized exchanges are used as dumping ground... and usually the first place to consider by scam projects. Conditions for listing token in them are not stringent and this is why projects like OTHO could scam their faithful community. How do we solve that?

[enwi]

I think, for daily traders will remain in the exchanger to make a sale and purchase transactions but who only want to sell his coins will certainly soon send a coin again to the personal wallet

[fenzuijk]

Although I do like this, it is not realistic enough. Because most of them are now erc20 tokens, not real project currency, so when the project's main network starts, you need to recharge to the exchange to replace, then you will need to pay the exchange several times.

[Qvilo1832]

what happen if you wallet does get an update of an new vision of an other wallet ... could it get lost in your old vision wallet cause you do update a new one and a what if you lose it what happen then can a get it back ... is it good in a wallet or etc. which is the best for to safetyness thx for some comments hope you got some ....

[Rano]

I finally have bought a Ledger Nano S to store my precious coins like XRP and Neo. Feels great to sleep without worrying to much on losing everything when the exchange gets hacked. I trust exchanges like binance, but still don't want to put so much on it for hodling. Also it keeps me from gambling all my funds when they are on an exchange.

[BabyBoss]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

That is only for those long term holder, yes never store your coins in the exchange but if you are trader or day trader it must be in the exchange everyday since you need your coins to trade.

[Raffamichaels]

I agree for not holding the coins in exchange for a long time it's because there are so many hackers should steal your investment/coin it's better to sell it immediately to use in daily needs

[kxp]

Well, the only ones who hold their tokens on exchanges are the real dumb people..
I do not understand why there are still people who really like and feel confortable about having them in there, it is more than risky!

[CryptoFlame]

Are you guys the real traders or just coin holders? 

I have more than 50% of my deposit on 2 biggest exchanges & 2 small ones over a year and dont' have any problems (I fix my profit periodically of course and withdraw it from markets to my wallets). If you don't use any suspicious bots, programs, apps etc - your risk is minimal.

[GelsoAM]

If you are planning to hold coins for quite a long time i recommend you to place it to a hard wallet like and ledger because sometimes exchanges just gets hacked anonymously and it's not quite safe for holdings.

[Kamarah]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

People can lose their money on exchange when they are careless. Im not a careless person so I do not afraid in holding coins on an exchange. However, I appreciate your opinion, it is not really good to hold a coin on an exchange. Hackers can steal your money or even the exchange decide to steal your money 

[wudackprod]

I prefer some hold tokens on exchanges Kucoin and HitBTC because they have 2fa authentication and good service to use and sell/buy coins

[Mr.ZODIAC]

I prefer some hold tokens on exchanges Kucoin and HitBTC because they have 2fa authentication and good service to use and sell/buy coins

regarding hitbtc I have some doubts that their administration is honest. Despite the established two-factor auntification, I had unauthorized entries of outsiders. I can not explain it.

[MiXxe]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

We have  to make our cryptocurrency safe because this is like a money for us. This is actually equivalent to money. Now if we will not take care of this, your own money that you have invested to but this cryptocurrency will be gone.It is right tat you transfer that to the safest place possible espeially that scammers and hackers tend to be always present and just nearby.

[udonmez]

It is the first thing we have to know about cryptocurrency and trading. We can never trust any exchange sites however decentralized exchange site seem to be more secure to hold some coin. 

[Lecam]

Yes it is better to hold your coin at your own wallet than living it on exchange,
You should really keep your coin at your own wallet specially if it is not a popular one because the exchange could take it out of their system and you couldn't recover it,
I use to hold some of my coins in an exchange and forgot about it for a year then when I visited the exchange it turns out that the coin has been moved out from their system and I couldn't recover my token anymore.

[Grayy]

I prefer some hold tokens on exchanges Kucoin and HitBTC because they have 2fa authentication and good service to use and sell/buy coins

2FAs ae for your personal safety and thus no one can log into your account without you noticing. But the hackers who steal from exchanges are able to get past security measures and get into the exchanges' hot wallet where they have their funds stored and protected. It's better to withdraw your funds from exchanges if you are not doing any serious trading.

[collins3]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I believe that the most valuable and safest coin to hold in the long run at this time can only be bitcoin, you can see that the bitcoin price is changing a lot in the past few days, only a small bitcoin adjustment. It also affects the price of altcoin, so in order to invest successfully with low risk then you should invest in bitcoin.

[Question123]

Not all my coins are in the exchanges site because it is very risky , only few because if the coin movement fastly like the price increase and send to my walllet to exchange wallet it takes few upto 30 minutes before I sell it and that's not good because the market up fastly and decreasing fastly. But saving coins in hardwallet is best not lost your coins because exchnges site is prone of hackers.

[Yzhel]

Not all my coins are in the exchanges site because it is very risky , only few because if the coin movement fastly like the price increase and send to my walllet to exchange wallet it takes few upto 30 minutes before I sell it and that's not good because the market up fastly and decreasing fastly. But saving coins in hardwallet is best not lost your coins because exchnges site is prone of hackers.

That is right, we don't have to hold our coins in an exchange they are not really secure that is why we need to have a secure wallet that is recommended by most people here in forum or search for it, I am not also holding it for a long time.

[ipbitrung01]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

You can see that the market is in a bear market for a long time so it is very difficult to make a long term investment. At this point the risk will be very high and you will lose. Very heavy if bitcoin prices plummeted to the $ 4000 mark. So, I'm betting you should only trade short-term by day so you can minimize your risk and make a profit.

[intoy_victor]

Of course yes because it maybe the coin you hold for long time will lose it's price. If you have coin and you think the value is enough for you then trade it with no regret. I actually experience it to hold for long time my coin and the price of that coin is very very low right now and I regret it so much.

[MuhNofa]

yes I agree with you as it happens the end of the news Mercatox has been hacked so if you want to hold the coin use your own wallet to hold it Do not use exchange to hold it because it is quite risky

[FalcoonRed]

really because it is very dangerous, you better keep it in your wallet. my advice if you want to sell it first.

[mendozaaria1]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Yes, I will not hold a token for a long time because of that growth slowly, if you see that a better investment token that you think it will be raised will be replaced first, a token is better to trade if there is another it's time to raise it every day.

[TheOldSage]

It's even more convenient to withdraw funds from exchange to personal wallet. Nevertheless I think hackers and their possibilities are overrated. If you're careful and attentive to your safety, your chances to become hacker's victim are decreasing greatly. Just imho.

[Jlv]

Yes I agree with you, and we should always try to look at the market everyday for us to be updated on what is happening and we should always alert with the hackers.

[ShineftChaos]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

The only problem about exchangers is that, sometimes they are penetrateable or maybe there is a monkey business on their own system which they tell users that there is a bug just to steal the coins of other investors and that is the reason why we should not place our coins for a very long time.

[anthonydav]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

The only problem about exchangers is that, sometimes they are penetrateable or maybe there is a monkey business on their own system which they tell users that there is a bug just to steal the coins of other investors and that is the reason why we should not place our coins for a very long time.

If they wanna steal your money they'll do it regardless of how long you hold your money on the exchange. They can just say that the transaction doidn't go through and that's that.

[Gridness]

Yes I agree with your opinion, we should not keep our assets too long in the exchanger because we do not know suddenly the exchanger went bankrupt (disappear by itself). And should keep it in your personal wallet.

[West0813]

I don't practice holding coin in exchange for a long time. Because some exchange was hacked and many coin are stolen. So i am afraid it would happen to me if i hold my coin in an exchange for a long time.

[anthonydav]

I don't practice holding coin in exchange for a long time. Because some exchange was hacked and many coin are stolen. So i am afraid it would happen to me if i hold my coin in an exchange for a long time.

Sorry to hear that mate.
Although I get you it's hard to trade if you get your money off the exchange.

[Jenits]

Yes i agree with you because now a days hacker is very smart and it is very simple for them to hack your account in exchanges much better to transfer it again into your main account and sell it when your coin goes up

[dulari1]

Most of old Crypto users are now aware of this fact that only personal wallet are safe and that too should be hardware wallet or paper wallet .
Exchanges like Binance are secure but still why to take risk when we have best option to hold in own wallet . but day traders cant hold coin in wallets as they need to trade on daily basis , so i will advise them to use highly secure and trusted exchanges like Binance or use DEX with metamask .

[icoprofits]

not holdings coins in exchange for a long time is one of the best advice and it is not advisable to hold in the wallet as well better to hold, in Ledger wallet

[alfs75]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

actualy its a good advice,coming from you bro and we thanks for this,maybe this a good lesson to us,that funding your crypto coins in crypto wallet is not good for us,because we have no controlled of what happen to the trading site in the future  either its be stop in there operation or its will be hacked,so in that place you have  no chaser into that trading site and they could not guarrante that your portfolio will return its back,and many happen in that cases therefore so we aware and protect our capital.

[anthonydav]

not holdings coins in exchange for a long time is one of the best advice and it is not advisable to hold in the wallet as well better to hold, in Ledger wallet

Daily traders just can't do that. It's much of a hassle to transfer it every day. Neither is profitable. Some other solution must be devised. Exchanges must be controlled somehow, they must be accountable for their actions. But in order to do so they would need to be centralized and the whole point of crypto is the exact opposite of that.

[Diablomania]

This is something more than important but a lot of people are just avoiding it.

I do not understand why there are so many people always keeping all their coins on an exchange! it is more than risky.

[Briella18]

I agree with you, but it is not entirely. It is difficult to do this during active trading. Especially when the coins are in endless circulation on the stock exchange.

[wiro212]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I really agree with what you say. other than that, we will never know how the continuation of the exchanger, they can just leave and also not responsible with their customers. no matter how much the exchange is, it's still a big risk to leave our money there.just look at the exchange now, a lot of exchanges that receive complaints from their customers and they do not even immediately fix the constraints experienced by customers. Be careful in crypto world, we just try to trade but not to safe our money in exchanges.

[yhoga45]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I think if they are a trader it's not a problem because they need a fast buy or sell their coins, how if they keep their coins on an offline wallet? they waiting for the transaction first. But it's good for a long term investment because they usually sell their coins after a few months so it's safer than we keep our investment on exchange.

[TheNextChampion]

I don't do it now especially some of the exchanges getting hack and you think twice if they are thinking of their security or just the hackers find a better way to steal their coins. I only use exchange when i'm going to sell my coins or i need to buy.

[Coinnosaurus]

If you hold your coins on any marketplaces, you don't actually have control over your funds. Only cold wallets can provide full control of your money.

[Crypto Girl]

Exchange sites are not a wallet so don't store any coins there even you said you do trading. However, this actually won't work with day traders as they need to have their coins ready in the exchange sites so they won't miss any good pump and dump. Yet of course, if you think you're done trading just transfer it to your personal wallet. Just store what you think you can afford to lose.

[jonland22]

This is pretty much basic among long time traders of this market, we know that there's a risk of hacking incident on every exchange even if it is the top exchange around the internet.

[DirtMcGirt36]

Treat them all like the next Gox and you wont have an issue

[Nasonn]

This is one of the basic things you learn as a beginner but a lot of people seem to ignore it.

[sheryl26]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I didn't know that there are some hackers in that thing hopefully and thankfully I am not been hacked. But whenever the profits of the icos that I've been through is small I just hold that coin in the exchange because you dont want to have a small profits of course you will hope for a lot more bigger. You exerted an effort in that and time you have wasted time for that and those deserves a lot of profit sometimes holding give me a huge profit but sometimes there are dead coins that leads into absolutely nothing

[BlackPanda]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I think if they are a trader it's not a problem because they need a fast buy or sell their coins, how if they keep their coins on an offline wallet? they waiting for the transaction first. But it's good for a long term investment because they usually sell their coins after a few months so it's safer than we keep our investment on exchange.

Although they are a trader then they should not save too much money on an exchange. Because to avoid the risk is very large, as we know that some time ago there was the incident that some exchange experienced hacking, it makes all the funds in the exchange hacked by people who are not responsible. I highly recommend for anyone who wants to save a lot of money then you should use a wallet that has a private key. it will be much more secure that the funds we have are much safer.

[DevilSlayer]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

It is true! The purpose of the wallet is to store your coins and to secure that it is safe. You are right that we should not deposit or store our coins in an exchange because there is high possibility that the exchanger can be hack by hackers.

[ahmedzobair11]

what about exchanges ?
Aren't it using hardware wallet ?

[Flomo]

there may be some exchanges that you think are safe, because I keep some of my coins exchanged. is there a safe exchange for a long time?

[Twinscoin2017]

there may be some exchanges that you think are safe, because I keep some of my coins exchanged. is there a safe exchange for a long time?

Yes We don't have to hold coin on exchange for a long time. I think the most safe way is to hold it in your own wallet with private key and hold. And if you decide to sell it then sell it in the near future when price is really rising. I believe that there is a risk on holding coin on exchange.

[FUD Expert]

A good reminder on the recent hack  incident on Coinrail. Just like that famous tip that everyone will give to you, " Only trust yourself". Don't trust any exchange or trading sites but only yourself. Even Binance which is the best is still vulnerable to hacking.

[apityeh71]

Yes use exchange for trading and dont use it for long term investment, and if you have to put big amount of money much better use more than 2 different exchange,  this way will be more safe than only use 1 exchange only. And to minimize  the risk always turn on security feature in that exchange and use the most trusted exchange.

[anthonydav]

A good reminder on the recent hack  incident on Coinrail. Just like that famous tip that everyone will give to you, " Only trust yourself". Don't trust any exchange or trading sites but only yourself. Even Binance which is the best is still vulnerable to hacking.

Yeah, you should be careful especially with big exchanges because there's a lot of money there and hackers strike where they can get most money.

[masulum]

One reason, why trader hold their coin on exchange because they dont need to sync his desktop wallet. as we know, for project without web wallet, user need to sync their wallet for long time with slow connection.

[SanJ_02]

yes, that is true. But there are people who trade on regular basis throughout a day. You need to make sure that you study the market closely and look out for the best-decentralized crypto exchanges. You can also checkout exchanges like Coinbase, Bittrex or DAKUCE.

[chris200x9]

there may be some exchanges that you think are safe, because I keep some of my coins exchanged. is there a safe exchange for a long time?

Yes we have some exchanges we can keep our tokens in those exchanges but don't keep BTC and other high rated coins, only new tokens and tradable altcoins you can keep in exchanging sites. I kept my altcoins in Bittrex and Binance site my coins are safe till today. I am not recommending i am just telling my opinion.

[gussupri]

there may be some exchanges that you think are safe, because I keep some of my coins exchanged. is there a safe exchange for a long time?

Yes we have some exchanges we can keep our tokens in those exchanges but don't keep BTC and other high rated coins, only new tokens and tradable altcoins you can keep in exchanging sites. I kept my altcoins in Bittrex and Binance site my coins are safe till today. I am not recommending i am just telling my opinion.

better to avoid keep our tokens or coins in exchange.so many hacking attack to exchange.newest tragedy is coinrail hacked and million pundix withdraw from coinrail.better to keep in wallet that we store private key.

[alibaba93]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

For a long-term downtrend, I believe you should not invest long term at this point, you can see that bitcoin prices are constantly fluctuating and falling sharply in the past few days. has made the latcoin very strong. According to my analysis, the bitcoin price may reach $ 4000 this month and maybe even $ 1000 at the end of the year. So you should not invest long term.

[manismanja]

yes you are right you should not take too long bitcoin you have at the exchange because if you save the assets you have in exchange places like it will make you lose the assets you have.

[VclDm]

there may be some exchanges that you think are safe, because I keep some of my coins exchanged. is there a safe exchange for a long time?

Yes we have some exchanges we can keep our tokens in those exchanges but don't keep BTC and other high rated coins, only new tokens and tradable altcoins you can keep in exchanging sites. I kept my altcoins in Bittrex and Binance site my coins are safe till today. I am not recommending i am just telling my opinion.

better to avoid keep our tokens or coins in exchange.so many hacking attack to exchange.newest tragedy is coinrail hacked and million pundix withdraw from coinrail.better to keep in wallet that we store private key.

If you define a hold for a long time and do not care about the value of the coin, the best way is to keep the coin on the hardware wallet. The cryptocurrency market is very risky and one of them is that the hacker is very intrusive in the wallet of the investor and steals the property so security is very important.

[john1010]

There is an advantage and disadvantage both.. If you have no coins in your exchange wallet, how about the constant pump of the coins you are currently holding, transferring coin in one's exchange wallet consume more time, and when the coins arrived in your exchange wallet, the pump/dumb are gone, so you missed the opportunity of a big profit.. Choose exchanges with a higher level of security.. my opinion.

[bitcoinerjawa]

yes you are right you should not store the asset of cryptocurrency at the existing exchange place because it could be where the exchange will bring the total assets you have so you will get a loss.

[raven7886]

If your a an active trader , you can hold your coins in exchanges because your actively trading. But if not, then store it,where your have the private  key before you see the 404 right in front of you.

That would actually be a very devastating 404 lol ! I can imagine the look on someone's face in a scenario that happens. You are right, there is actually no business a long term investor do have with an exchange as the only thing you should use it for is to do your exchange to buy the coin or token you want to hold and transfer your stuff to your wallet where you have the private keys.

It is only for traders who trade often and moving coins and tokens around would obviously pay them but even in that case, it is always better to trade with what one can afford to lose.

[coinwizard_]

A good reminder on the recent hack  incident on Coinrail. Just like that famous tip that everyone will give to you, " Only trust yourself". Don't trust any exchange or trading sites but only yourself. Even Binance which is the best is still vulnerable to hacking.

Coinrail is a good exchange, i was surprised to read about their hack so it just goes to show that nothing is safe. Binance has a huge reward for white hat hackers but even that doesn't guarantee safety

[makolz26]

A good reminder on the recent hack  incident on Coinrail. Just like that famous tip that everyone will give to you, " Only trust yourself". Don't trust any exchange or trading sites but only yourself. Even Binance which is the best is still vulnerable to hacking.

Coinrail is a good exchange, i was surprised to read about their hack so it just goes to show that nothing is safe. Binance has a huge reward for white hat hackers but even that doesn't guarantee safety

Exactly! We don't have to hold our bitcoin for a long time, don't let it just steady there, we need to have at least a secure wallet where in we can entrust our coins for a long time, don't just rely and trust exchange although they are famous or one of the leading exchange.

[dilandanmilea]

Yes, exchange sites are only used when trading. If you do not intend to buy or sell, just put your coin in the wallet. It is dangerous to hold a coin on an exchange site, hackers are stalking prey. If they see you, you will soon be killed.

[panjul07]

There is an advantage and disadvantage both.. If you have no coins in your exchange wallet, how about the constant pump of the coins you are currently holding, transferring coin in one's exchange wallet consume more time, and when the coins arrived in your exchange wallet, the pump/dumb are gone, so you missed the opportunity of a big profit.. Choose exchanges with a higher level of security.. my opinion.

What you say is true, but it will be still wiser to cut down the profit than risking all our assets in an exchange. No matter the exchange has the highest security level, something unexpected may happen anytime. OK they are safe from hacking attempt, but how about scam attempt from the owner of the exchange? We cant fully trust something in this online world especially if we talk about "money".

[xhienigat]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

It's not really a good idea to put all your coin in an exchange specially if you plan it to hold for long term but I think people still prefer putting it in exchange because its convenient when you badly need to sell your coin its a risk to take and I think people are already aware with the consequences.

[BUK2016]

Well is not advisable for one to hold his or her coins on the exchange because the exchange can be hacked at any time or the withdrawal of the particular coins you are holding can be put on hold for reason best known to exchanger operators.

[heinz]

Only a very dumb guy would hold all their crypto on an exhcnage, i mean, that is something more than ridiculous to do, and it is more than risky because you can lose everything.

[Kevintieudat]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

[ervinmadureri]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I think you should not invest long term in any coin, you can see that bitcoin prices are constantly fluctuating in recent days and there are still no signs of recovery, It is very difficult at this time, you can lose a lot if the bitcoin price drops sharply and can not recover. The market is bearish in the long term so anything can happen.

[The Sceptical Chymist]

Thank you very much teacher you have taken me out of many doubts I used to keep my coins in the same oka broker, it seems fair and necessary. use a physical wallet

  I didn't understand a word of that post, buddy.

OP, you're absolutely correct.  Anyone who's been around in crypto long enough to remember the debacles of Mt. Gox, Cryptsy, and a couple of others that I can't remember the names of will absolutely cringe at the prospect of keeping any appreciable amount of money on any of these exchanges.  I just registered on binance recently, as I needed a place to buy some shitcoins, and there's no way in hell I'm keeping anything but a dust balance there overnight.  I don't think they're a scam exchange by any means, but all of the past hacks and scams have instilled a sense of paranoia in me about leaving a balance on exchanges. 

Noobies would be well-advised to heed this advice.  You never know which exchange is going to be the next Mt. Gox.  Don't keep any bitcoin or any other coin on an exchange.  Do your trading and then withdraw to a wallet that's safe.

[basty03]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

That's true because if that exchange will hack you will fmgoodbye to your funds so much better to use a hard wallet that to use a exchange to hold your coin because it's recommended.

[Clark05]

I don't hold or stock my altcoins kn exchanger because it's dangerous because anytime once the hacker hack the exchanges site your money will lose also and not only the hacker once the exchnges site close you will get your money. Personal wallet is better to use because your coins is safe and no one can try to open it because you only how to open need to be careful and always cheked if you have missing coin .

[amih]

yes, it would not be safe if we keep the crypto we have for a long time at the exchange site because of course the site exchange network will always be online and of course it will make the crypto assets that we have will be more vulnerable to hacked. and it's best to save the crypto in the wallet with the hardware because it will be safer.

[mkmdoc]

Yes, it is not good to hold the coins for long term in the exchanges because we don't know how exchanges will react when there is any hack. So it is always good to hold some coins in the exchange for daily trading, rest you can move them to their concerned wallets.

[DumbLefty]

Good advice. But on the other hand, if the price suddenly starts to fall much easier and faster to sell coins if they are on the exchange.

[bitcub]

I have just removed my coins from HitBTC because of some legal issues they will face. I have some fear that they might close and go away with my money. I transferred it to WAVEDEX but I dont know if transferring to a decentralized exchange is safe enough.

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

[Nick Abimanyu]

Really a wise suggestion, the long-held coin's particularly vulnerable to the existence of thieving reconnaissance either by the hacker or the owner of the exchange account.

The other thing that could lead us to regret if we hold our coins on exchanger is, when there is an airdrop for coin holders or when there is a hardfork, we will miss the opportunity to get those free money.

You're rightly because the wallet address that we use stuck on the exchange site, 
although in fact wallet account is easy to make.

I agree but partly. I will explain why, there are different situations, one of them is an active day trading, which does not allow long to store funds in wallets. Because they are always in circulation. You just have to be very careful.

Holding your token on any exchange site is not safe because its only for in and out basis, we dont know how long this exchange site will run and a lot of hacker are always there to take out your token.
Using a hardware wallet to store your token is advisable to use.

I personally strongly agree with your suggestion.
But, given the lack of knowledge about the use of 'hardware wallets' in most bitcoin users, it becomes a neglected technology, even ignored.

[Daimon88]

I don't practice holding coin in exchange for a long time. Because some exchange was hacked and many coin are stolen. So i am afraid it would happen to me if i hold my coin in an exchange for a long time.

Here, I don’t think the problem is in bitcoin or their holding, despite the fact of such untrust worthiness, I still suggest you to take better information beforehand. You must know each and every detail about exchange through witch you are going to make trading. Only then you go and make some money and you can hold for long time and you May Day trade there.

[hatsoff2btc]

This is something more than important but a lot of people are just avoiding it.

I do not understand why there are so many people always keeping all their coins on an exchange! it is more than risky.

Yeah better for them to hold them in their electronic wallets. They mustn’t be keeping such high intense and important coins in exchanges because by doing so, they could be authorizing those exchange owners to take care of their coins. And you don’t know the dishonesty concealed in the hearts of humans. They can become a deceit and loot your coin just in few seconds. Don’t trust them.

[Osarman]

I agree with you, but it is not entirely. It is difficult to do this during active trading. Especially when the coins are in endless circulation on the stock exchange.

When prices are down or near to the lower edge, better is to withdraw from exchange but don’t just lose holding. Keep your coins on hold and don’t sell them in panic. Your mind should be relaxed and you must be thinking of some good moments that would keep your mind away from taking extreme emotional edges. You must save those coins in wallet until the prices just get up.

[Cosbycoin]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

It's not really a good idea to put all your coin in an exchange specially if you plan it to hold for long term but I think people still prefer putting it in exchange because its convenient when you badly need to sell your coin its a risk to take and I think people are already aware with the consequences.

Yeah that is right. Exchanges are mostly not helping you when it comes to long term holding. Better option is to make a good trade and hold them in your electronic wallet. Wait, did you just write the physical wallet here? No, don’t be kidding me. How can you save bitcoin or any other coin in your physical wallet? Hahaha they are virtual currencies that can’t just be seen in physical environment.

[stefany101]

For me , it is essential to hold our token on our own wallets. Stocking our altcoins or tokens in our exchange's accounts is bad option because it is not a good practice to be done by a crypto trader. We all know that some cryptos are being delisted in crypto exchanges without a prior notice to the users, that's why I prefer to hold my tokens on prohibited wallets for securing our funds.

[Rk1430]

many times Wallet may be hack.From my MEW 2000 Artis tubra stolen

[Keil01]

All remember situation with BTC-e and other exchange. But i agree wallet it's dangerous too.

[anthonydav]

All remember situation with BTC-e and other exchange. But i agree wallet it's dangerous too.

Ledger nano s and your money is secure.

[Supercrypt]

yes I stuju with you can be seen lately MERCATOX also hacked but I was lucky my coin in it is still safe and I immediately sent my coins to my own wallet

You see as per most other people's experiences. Exactly what we are saying and even when sending to wallet, it is always better when using a decentralized wallet that at least gives you your private keys which you can store somewhere private.

Until we start having better decentralized exchanges with much liquidity and easy to use, then there is nothing safe with keeping funds in centralized exchanges. Although now, a lot of security features are available on these exchanges which at least gives one peace of mind, but it is always better to be safe than sorry.

[congnghi100]

Please support which website or anything that can store crypto coins such as Bitcoin, Etherium, Ether classic, Litecoin...
I know some website: ETH: myetherwallet.com, WAVE: https://beta.wavesplatform.com/wallet/assets, NEO: https://neotracker.io/wallet. All of them are really good?

[cheezcarls]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Of course, I would never do that. To be honest, I do not trust exchanges even if they are the most secured. Yep I know that there’s a history where a few of the exchanges have been hacked or breached, so it is better to keep all of our holdings in our respective wallets where we have the wallet seed, private key, etc. Just my two satoshis.

[umbara ardian]

yes you are right you should not hold the bitcoin you have or any other cryptocurrency assets you have at the exchange because it will have a very high risk, and you may lose all the assets you have in the exchange. you better make withdrawal as soon as possible.

[martychubbs]

Also, when something like that happens in the world, it affects the price drastically, when exchange wallets get hacked, all the prices are drop down.

[billbear]

 I'm not holding them even for a one day, I'm using an exchanges only in order to trade my coins, and then I am always withdrawing my coins from them instantly.

[gudrun]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

In a market that is constantly changing and unpredictable at the moment, it is very difficult to trade successfully. You can see that the price of bitcoins in recent days is constantly changing and difficult to predict. Therefore, the long-term investment risk will be very high, the market is in a bear market in the long-term so bitcoin prices may continue to fall deeply in the past days and can not recover.

[strongwarrior238]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I think you should not invest long term at this point, you can see that bitcoin prices in the past few days are constantly fluctuating and difficult to guess, the market is showing signs that will continue to fall deep when prices bitcoin is constantly adjusting. According to my analysis, the bitcoin price will probably be about $ 4,000 in the coming days, so long term investment will be very high.

[tbterryboy]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Yes, do not hold coins on exchange for a long term because you need to stay away of complications and should follow the simple market rules which will lead you towards success. Place the coins on exchange if the market price is high so that the supply will increase and interested people will buy your coins. You need to work according to the market conditions.

[GoodLuck2]

yes I stuju with you can be seen lately MERCATOX also hacked but I was lucky my coin in it is still safe and I immediately sent my coins to my own wallet

You see as per most other people's experiences. Exactly what we are saying and even when sending to wallet, it is always better when using a decentralized wallet that at least gives you your private keys which you can store somewhere private.

Until we start having better decentralized exchanges with much liquidity and easy to use, then there is nothing safe with keeping funds in centralized exchanges. Although now, a lot of security features are available on these exchanges which at least gives one peace of mind, but it is always better to be safe than sorry.

Do not go towards complications and just follow the major rules of the market which will never let you towards danger zone. Try to buy in a low market and keep the coins with yourself on your wallet, if you are not going to sell in this low market then you hold the coins for a time will come when your coins will have high value which is the right time to sell out and make profit.

[asyakashi]

I'm not holding them even for a one day, I'm using an exchanges only in order to trade my coins, and then I am always withdrawing my coins from them instantly.

I think your actions are too paranoid, how do you trade in 1 day?
daily trading at least 3 days and long-term trading takes longer. you have to keep it for a while.
make sure your exchange is secure, and avoid trouble exchange.

[sajeebur rahaman]

eth wallet will have any problem? I'm keeping my investment eth wallet 

[Erzinnum]

i havent heard about any hacks on bittrex, bitfinex or bitmex for example. so i think you have to avoid scam exchanges and that`s all

[Keyboard PC]

yes you should be right for all of you who read this better you do not keep the assets of cryptocurrency in exchange because it will be very high risk, the assets you have may be stolen by the hacker even the founder of the exchange place, to avoid that risk then you should not keep assets in exchange.

[strongwarrior238]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

So, I think that at a time when you should not invest in the long run, you can see that bitcoin prices in the past few days have been falling sharply and it is hard to recover at present. Long term downside. Therefore, you should only trade short term by day and always have a specific trading plan to minimize risk and maximize profits.

[Kemileye]

You are right, its good to hold coin in personal wallet when someone want to hold coin for long. Those that can keep their coin on exchanges are the day traders because they buy and sell on daily basis.

[bitlegacy209]

agreed that's why i prefer decentralized exchanges dex

[reda]

If price will be low don't exchange. If want to exchange  wait for the price increase. Then exchange. Most of the people mistakes this. Don't pan wait for the price increase. If need for the price information check the market place price. Time is important for exchange the bitcoin. So price increase time sell it. Bitcoin is future currency. Just hold the coin. If need any emergency before you sell it.

[BitcoinMarketer39]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Holding your coins on exchanger is fine but the only problem is that, if the problem occurs in their own system then your coins might be stolen from you and that is the reason why i prefer placing it into the wallet.

[poplolnman]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

In a market that is constantly changing and unpredictable at the moment, it is very difficult to trade successfully. You can see that the price of bitcoins in recent days is constantly changing and difficult to predict. Therefore, the long-term investment risk will be very high, the market is in a bear market in the long-term so bitcoin prices may continue to fall deeply in the past days and can not recover.

You are in FUD , if everyone feels like this right now then no wonder the market crashed since few days ago , they have no faith for crypto and decide to leave crypto market early even they are suffering loss. Just take a look later when the market finally recovering... Those people who leaving as always would deeply regret what they have done.
And oh speaking about storing coins on an an exchange for like a month or so it's really a bad idea , no matter how high the trading volume there , online things always vulnerable, scam attempt always there , better to keep moving your coins from an exchange to another .

[marsmyname]

Well is not advisable for one to hold his or her coins on the exchange because the exchange can be hacked at any time or the withdrawal of the particular coins you are holding can be put on hold for reason best known to exchanger operators.

I think of putting the crypto coins in your own personal wallet to be much better thing than that of the exchange as it is more secure option. The only thing which you need to do is that you must look for some strong wallet as there are so many scammers which are having a close eye on your coins and that you can get into any kind of trouble too if you don’t take care of your coins and wallet yourself.

[StarofBTC]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

It's not really a good idea to put all your coin in an exchange specially if you plan it to hold for long term but I think people still prefer putting it in exchange because its convenient when you badly need to sell your coin its a risk to take and I think people are already aware with the consequences.

I second your statement. Yes the newbies have to go for such coin that cost you low than one dollar. The reason behind this action is it would help you to implement your learning in practical world with more specific results and real picture. You would be able to see how the things actually works. Ultimately your confidence start boosting up and can do trade without much bigger tension.

[TheGreatPython]

but I think it's safer to keep a coin in an exchange wallet because its security is stronger and has a more ordinary value seeing the change in coin prices in grip

God help you when something ends up affecting the exchange. The thing with exchange is that it is easy to have your funds stashed up in the same spot, but one thing is that you have no control over them since you do not have any private key to any of the wallet and that makes you more like not having anything at all. In a situation where there is a powerful hack that affects the exchange, you are definitely going to be losing your funds, just like what happened to the likes of MtGox.

[ValerieBTC]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Probably its a great advice. Its better to be safe than losing your money. We have to be more secure if we can save in our personal wallet.

This is not even a matter of probability as this is more of something that should be taken note of. Exchanges are centralized and if anything happens to them in a negative way, same thing happens to the user's fund which is the main reason why it is very important not to leave all that one has on the exchange to trade with or to hold. There are wallets that are decentralized which gives control of one's keys and they are far better when it comes to security of your assets.

[shulio]

If you are going to hold your coins on exchange youo must activate 2FA and disable all API communication.

[dumple]

This is more than true, i have already lost a lot of money on Bittrex because of that, they stucked my withdrawal and i could never withdraw my coins in there (aprox 50 NEO)

[dragoz11]

are there any examples of the recovery of funds stolen from exchanges or they are gone forever. It is just so easy to hack an exchange and then you hear nothing from them, so where can we know if the hackers are not the ones that own the exchanges ?

[Papcio77]

Good tips for newbies here, yes better to hold in your own wallet that only ourselves can manage and take care of it. In exchange there is possibility of being hack. We dont have hand to avoid this thing. Just like what happen on etherdelta more trader got loss their funds. Deposit then withdraw after all coins and be deposit again if you want to trade.
But if you are daily trader so its okey to keep funds on exchange just make sure trade on known top exchnage like binance

[kerajaangosip]

I always hold my coins in exchange and nothing happened, I think this depends on his exchange and his security

[kerajaangosip]

I always hold my coins in exchange and nothing happened, I think this depends on his exchange and his security

[mornabo]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Holding your coins on exchanger is fine but the only problem is that, if the problem occurs in their own system then your coins might be stolen from you and that is the reason why i prefer placing it into the wallet.

Yeah whenever they can be a scam, with reason their system is hacked, as happened in bitfinex, mt gox and so on, from that we know that keeping all funds in exchange is not the right idea, maybe it's not a problem to hold just to do trade only, but do not keep all your money in exchange dude

[kejot]

Ofcourse. That is not a good option when you want to hold your coins on exchange, sometime we doon't recognize that there is a malware attack on that exchange, to keep safe your coin you must transfer your coin to your personal wallet or hardware wallet, for a coin that has no hardware wallet, i think you should to sell it as fast as possible if you think you have profit on selling it.

[candy69]

Exchanges can get hacked and you would lose all your coins, so it is not safe to hold your coins on exchanges. Many exchanges suffered hacking attacks in the past.

[Boldmaxx]

 It is simply safer and highly recommended that tokens should not be stored on exchange because of the risk involved. But if you are day trading, moving coin to and fro between an exchange and wallet is not very economical. But wallet still remains the safest place to hold your coin/tokens.

[mware]

since cryptocurrency become famous, cryptocurrency exchanges begin to become the target of hackers. no exchange is impenetrable to hackers or invulnerable to bankruptcy. keep them in wallets where you have the private key it's will be better

[cryptocurrencyguru]

it is advisable to hold the coins in the hardware wallets rather than holding in exchange for a long time as we are seeing many exchangers are vulnerable towards hacking hardware wallet is safe

[holtzmann]

To hold coins on the exchanges is really dangerous. That's actually a disservice to hackers. Even if they have two-factor authentication, SSL certificate and encrypt the data. I agree with the author of this post, don't hold your assets on exchanges. Better use hardware wallets for storage for a long time.

[gabmen]

it is advisable to hold the coins in the hardware wallets rather than holding in exchange for a long time as we are seeing many exchangers are vulnerable towards hacking hardware wallet is safe

Well i don't see any good reason why you have to keep your coins in an exchange unless you're actively day trading. Hardwallets are the best but being careful is essential. If you're planning to hold your coins, there are wallets for since as they always say, you don't really own them if they're not yet in your wallet

[cryptolidus]

Almost every week some Exchanges are hacked. The newest hack happened on Bithumb yesterday and $30 millions were stolen. There is no 100% secure exchange. The only question is when they will be hacked and will You be affected or not.  Only the trading amount should be left on exchanges. The most secure way for storing Your investment is on hardware wallets bought from the official distributors.

[binhbaamboo]

I agree  with your opinion, we should store in personal hard wallet, most of crypto exchange can be hacked anytime, many famous exchange hacked this year like bithumb, binance

[gghh111111]

Yes. I had bad experience with coinexchange
They staked my coin and got profits.

[webdevmastery]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Holding your coin on a exchanger is just fine as long as the market is very reliable, you can always look on the history of the exchanger if there's an issue before or ask a reliable person on what exchanger is the best market to place your coins.

[Phantomberry]

I agree with that in order to more secured your coins or tokens you need to transfer that in your personal hardware wallet like trezor or ledger nano than rather to stay in a exchange.

[Dudeperfect]

Exactly! It doesn't make any sense to hold funds on any website, exchange or web wallet unless you are going to use it immediately. I am using a paper wallet with multiple backup copies stored in multiple geographical locations as my main cold storage, then I am using the Trezor wallet as my active wallet and I also use web wallet for easy accessibility but never keep more than 5% funds there.

[Usafstar]

I think a professional trader will not hold one coin for long time but they will exchange when the time is good for exchange and now a days many other coins are circulating in a high ratio so exchanging coin is the better option for growth.

[coin_1122]

Yes, it is really bad idea to keep holding your coins on the exchange because we don't know when those exchangeges will get hacked. It is better to hold only day trading coin, other coins you can move to their desired wallets.

[hacekd]

There is an advantage and disadvantage both.. If you have no coins in your exchange wallet, how about the constant pump of the coins you are currently holding, transferring coin in one's exchange wallet consume more time, and when the coins arrived in your exchange wallet, the pump/dumb are gone, so you missed the opportunity of a big profit.. Choose exchanges with a higher level of security.. my opinion.

What you say is true, but it will be still wiser to cut down the profit than risking all our assets in an exchange. No matter the exchange has the highest security level, something unexpected may happen anytime. OK they are safe from hacking attempt, but how about scam attempt from the owner of the exchange? We cant fully trust something in this online world especially if we talk about "money".

it's better to use a well-maintained exchange from start of storage security as well as trade and that really is not any fraudulent site it will be safer.

[@baracitamon]

But I personally hold for a long time we can choose to sell pennies at reasonable prices. So I think in the future the price of the altcoin will increase sharply, they do not decrease as strongly now.

[denisaardelean]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I think you should not hold any long-term coin at this point, can see that the market is continuing its bear market as bitcoin prices are constantly falling throughout the days. The dramatic fall in bitcoin prices has led to a sharp drop in altcoin prices, and according to my analysis, bitcoin prices may continue to fall sharply in the coming days so you should not keep any coins at the time this.

[pelipurlara]

I think if you can verify your account with verification of mobile verification email and 2F Authentication correctly from your account, Hackers do not have a chance to steal your money and you are free from loss. And I think they just created an account, they just put a token without reading the terms and conditions and verifying the security

[zedicus]

I think if you can verify your account with verification of mobile verification email and 2F Authentication correctly from your account, Hackers do not have a chance to steal your money and you are free from loss. And I think they just created an account, they just put a token without reading the terms and conditions and verifying the security

I don't think by that way they can hack it because they might hack the exchange and once they got access to everything in there they can bypass your email and Google authenticator without requiring it. Everything is possible with hackers and that the reason wjy it was never been advised to hodl it on exchanges.

[Arwinkim]

Honestly, I don't store my coins in my personal wallet because it is more hackable than exchange wallet. I only trade in well known exchanges like Binance, Bittrex and Poloniex because I believe their security system stronger and safer. Besides, my coins value is not more than 1 BTC, so I think storing my coins in exchange is a good option. Would be convinient if I want to trade it in instant. Do I forget mentioning transfer expensive fee from exchange to personal wallet?

[gamalzour]

Almost every week some Exchanges are hacked. The newest hack happened on Bithumb yesterday and $30 millions were stolen. There is no 100% secure exchange. The only question is when they will be hacked and will You be affected or not.  Only the trading amount should be left on exchanges. The most secure way for storing Your investment is on hardware wallets bought from the official distributors.

In long term trading you will need to look for the Bitcoin and Ethereum because these two are favorable for long term trading or investment. These are having long term trusted store of value and you will get profit if you wait for the price to go high and then sell it. Come out from complications and just follow the market rules in order to survive in the market of your desired selection.

[hoavantathan]

For BTC or ETH you should hold long time. But other crytos you must sell all when it gets on big exchanges.

[610S]

Your statement is not completely wrong. But some people like to hold their coin in there hardware wallet so when the value of their coin rises they get their profit. Many people earn a lot by holding their coins. but you have to be smart and take information about the price of that specific coins ups and downs. If the market value is good you can exchange.

[Prince Edu17]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

This is totally right, As of now that many exchange got hacked that's why i never hold my coin in exchange if i want to hold it i will withdraw it and hold it in my wallet to make it secure

[mung_nasib]

I think in the world of cryptocurrency one must be ready to accept all the risks that arise suddenly so when they insist on continuing to hold an asset for a long period of time, caution is needed to anticipate big losses.

[connexus]

That is true. For safe keeping purposes we should always keep the coins in the wallet and not exchanges because our investment might be hacked and we can’t even benefit from it.

[collins3]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I strongly believe that you should not invest long term at this point, you can see that bitcoin prices are constantly fluctuating and difficult to guess, the market is bearish in the long term, because So we can only know the bitcoin price will decrease but can not know exactly at what time. So if you keep long term coin it will be very dangerous and very risky if the bitcoin price drops sharply.

[YoungMaster]

Yes i totally agree with you.
We can't underestimate by saving our coins to exchangers even they are famous exchange and safer.
As for the decision we should save our coin directly to our desktop wallet or maybe it could be wiser if we store it by using hardware wallet such as trezor.

[nydiacaskey01]

I am 60/40 on this in favor of not storing your coins in an exchange site. We all know the risk involved in storing your coins in an exchange site but imagine the problem that you will need to go through if you found a good opportunity in trading. Before your deposit shows up in the exchanger, opportunity is gone. Furthermore, every time you cash out and cash in involves fees coming from your wallet and going out from the exchanger.

[flower1024]

Yes i totally agree with you.
We can't underestimate by saving our coins to exchangers even they are famous exchange and safer.
As for the decision we should save our coin directly to our desktop wallet or maybe it could be wiser if we store it by using hardware wallet such as trezor.

hardware wallet is 100% safe but if you don't have you can keep it in the desktop wallet and some coins have only online wallets those coins we can store it in online. In exchanges, we keep only new tokens which don't have separate wallets like a desktop or online wallets. Some exchanges we can believe but why risk.

[tambok]

Yes i totally agree with you.
We can't underestimate by saving our coins to exchangers even they are famous exchange and safer.
As for the decision we should save our coin directly to our desktop wallet or maybe it could be wiser if we store it by using hardware wallet such as trezor.

hardware wallet is 100% safe but if you don't have you can keep it in the desktop wallet and some coins have only online wallets those coins we can store it in online. In exchanges, we keep only new tokens which don't have separate wallets like a desktop or online wallets. Some exchanges we can believe but why risk.

That is right, don't trust too much the exchange and that we should never hold our coins their for a long time as there were many instances where the exchange was hacked and we don't want that to happen in our life that in just a blink of an eye we will lose everything we have.

[desmonddesk1]

This is a vital advice. For me, I only resort to leaving some coin on an exchange when I have the plans to sell it off soon. Or the coin has a wallet I can't download at the moment - I'll simply get address from the exchange and use. We can't predict when an exchange will get hacked. It is important to keep our funds where we have control over. Another concern is, what if your hardware wallet gets corrupt or something. You loss everything right? Same with desktop wallet

[AngelSky]

If you want to hold your coins you can do that anyplace mate. Please review about the good wallets and have your fund on it for keeping the security concerns like 2FA and .JSON file saving it securely mate.

Since the exchange wallets are open to access by everyone on the wallet support you cannot say that wallet is secured one mate.

[Sergio444]

You know, you are right but this principle will not be applicable to someone who is always on the exchange for day trading. YOU cant day trade withoud holding your coin on the exchange. The business there is buy and sell. So I am pretty sure they know the risk involved involved in holding your coin on the exchange. But for those who really are not in day trading, it is best you don't try to save your coin on the exchange. Hackers are everywhere.

[BariaczRoni]

I advise you not to keep these coins in the long run. When you have enough profit should sell immediately, do not let emotions dominant to expect the coin will continue increase prices. Coins for too long will easily lead to sharp discounts, theft, hackers, ...

[twostepsally]

I advise you not to keep these coins in the long run. When you have enough profit should sell immediately, do not let emotions dominant to expect the coin will continue increase prices. Coins for too long will easily lead to sharp discounts, theft, hackers, ...

So the coin long time. It good opportunity for get more profit. So people hold the coin long time. If need for any emergency purpose. Sell the coin price increase time. It digital currency. So it any where to use and any time to increase the price. So people will be check the market price. If want to know more information of the all coin.

[Tapyaks72]

I advise you not to keep these coins in the long run. When you have enough profit should sell immediately, do not let emotions dominant to expect the coin will continue increase prices. Coins for too long will easily lead to sharp discounts, theft, hackers, ...

So the coin long time. It good opportunity for get more profit. So people hold the coin long time. If need for any emergency purpose. Sell the coin price increase time. It digital currency. So it any where to use and any time to increase the price. So people will be check the market price. If want to know more information of the all coin.

Hodl is still the best strategy soo far in time  like this in which the price is in the bottom, but  in long term holding I would prefer to hold stronger coins like  bitcoin  because what  I considered is the stability and safety of your assets.

[magmar]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

We really cannot say that because some coins that if you hold for a ling time their price rise up and jf there are a new exchanger that comes usually the price is much higher than the previous one so that is much more profit. But of course there are some times that when you hold too much what will happen is the coins will die soon until it comes to the point that you cannot sell them anymore because they are really worthless. But again it depends on the coin

[hridoyb]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Yes i was lost my 135 tokens and it price was more 20k$  .Bitrex and binance most safe and secured exchanger so i think never join or trade other exchangers without knowing more details about. Most of the people lost and hacked for click pshing site which looking like original so be carefully

[Divere1996]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

nicely isn't always really helpful for one to keep his or her coins on the trade due to the fact the change can be hacked at any time or the withdrawal of the precise coins you're keeping may be placed on hold for purpose satisfactory acknowledged to exchanger operators.

[Elmer1]

It depends on the extent of your experience and circulation. If you are buying and selling daily, you will have to keep your currency for a while, but as a rule, it is always better to transfer to your wallet as long as you do not want to use your cryptocurrencies.
Transaction fees are meager, so a loss of $ 2 to protect $ 2000 is not a bad swap. Remember: wallets does not mean that your currencies are safe unless you know how to use it "save your seed, hide your private key,...etc." If you want to hold your coins you can do that anyplace mate. Please review about the good wallets and have your fund on it for keeping the security concerns like 2FA and .JSON file saving it securely Hodl is still the best strategy soo far in time  like this in which the price is in the bottom, but  in long term holding I would prefer to hold stronger coins like  bitcoin  because what  I considered is the stability and safety of your assets.

[collins3]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I think that at this point you should not hold coin as well as long term investment at this point, you can see that bitcoin prices are steadily declining in recent days and now fell to $ 5800. The market is very bad signals, bitcoin prices will reduce the price of altcoin drastically and you will be able to lose very heavy if you keep altcoin.

[adamantasaurus]

LOL are you making this post for newbs that don't know this #1 rule in crypto?? Never leave your money on an exchange! With that said I have some money on exchanges I used for trading and such that I leave there but it is nothing that I am not 1000% comfortable with losing if something does happen But like one of the other users said I think decentralized exchanges will be big in the coming years

[TGD]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Yes i was lost my 135 tokens and it price was more 20k$  .Bitrex and binance most safe and secured exchanger so i think never join or trade other exchangers without knowing more details about. Most of the people lost and hacked for click pshing site which looking like original so be carefully

true store your coin in a trusted exchanger so it would ever be safe cause taking this in other exchange that you may never knowing the details of it you might be lost it for.

[Rubel23]

Yes, you are right.In current situation, Some exchanges are being hacked by the hackers.Most are feeling insecure to store  their funds or coins to exchange.But There are some reliable exchanges also that have strong security and hard to hack.But it is always recommended to keep those funds in a personal wallet that is reliable.

[Adrin]

In this online industry there to money exchanger site but all exchanger is not good so it is very perfect if you don't hold your coin in one exchanger for a long time but if you use bittrex, poloniex and binance thus are very good platform so you can hold your coin for a long time without any doubt. Before holding your coin You must use 2Fa verification system otherwise you can be lost your home money.

[KirilBit]

My opinion. There is an advantage and disadvantage both. If you have no coins in your exchange wallet, how about the constant pump of the coins you are currently holding, transferring coin in one's exchange wallet consume more time, and when the coins arrived in your exchange wallet, the pump/dumb are gone, so you missed the opportunity of a big profit. Choose exchanges with a higher level of security.

[Telybin]

I do not know much about technical analysis. So I can only buy and hold. I kept the coins I was investing for a long time and when my coins went up I would sell.

[xitrum]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

We should not keep coin and long-term investment, the market is falling into crisis as the price of bitcoin is constantly decreasing and consequently the price of altcoin drops sharply, so long investment At this point, you will only get a loss and you will be able to lose a lot if the market can not recover and continue to fall deeply.

[Altero]

That's right, I'm not particular of just letting my coins sleep in exchanges waiting for a better price then sell. It is the way also to keep safe from losing our coins, it is better to keep it in MEW.
I don't think is just because of hacking issues but also of some maintenance break. Anyway, it is rarely to happen but have chances though. 

[alfs75]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Thanks bro,for this your good advise in doing some holding capital in exchange trading,actually all of this happen mostly difenitly true,and alarming,because when we put up our crypto coins in the tradings exchanges that we would like to make a transaction,so that its ready to exchanges it to fiat or convert to another altcoins,we could not assure that if there something happen those trading site's our crypto coins would return in exact value,or return back to you in good hands,thats why its discourage to put some of our portfolio in the trading sites,in order to aware of hacking system.

[Premooooo]

I think it's right to prevent the damage
 in the end

 because you think you have fallen on Bitcoin so far
but in the end
 the price of the bitcoin will collapse too
i and may also be defeated in the future.

[laravuemaster]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

You have a point because there are market's that cannot actually handle the growth of cryptocurrency and sometimes there are hacking issues as well due to their weak security so i prefer using ledger than.

[gabmen]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

You have a point because there are market's that cannot actually handle the growth of cryptocurrency and sometimes there are hacking issues as well due to their weak security so i prefer using ledger than.

Yeah that's one thing we can learn from the mtgox debacle a few years ago though i quite ended up well for the investors because btc's value grew a lot while they're waiting for their case. But it could've gone the other way so just to be sure have all your hodlsin your personal wallet.

[xsaints128]

Only if you are a day trader should you have your cryptos in exchange and in that case too not all of your tokens/coins, just the amount with which you can trade and bear the risk of. Exchanges get hacked many a times and not all exchanges provide refund for the money stolen. So, please stay vigilant and keep your investments in their respective wallets or better yet in a hardware wallet like Trezor.

[kolfedinew]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

You have a point because there are market's that cannot actually handle the growth of cryptocurrency and sometimes there are hacking issues as well due to their weak security so i prefer using ledger than.

Yeah that's one thing we can learn from the mtgox debacle a few years ago though i quite ended up well for the investors because btc's value grew a lot while they're waiting for their case. But it could've gone the other way so just to be sure have all your hodlsin your personal wallet.

You should not keep the assets you have in exchange because there is very high risk, one of them is your assets can be stolen there.

[NicoRosberg]

I never do

[mountain_hacker]

I never do

And what do you do?

[kolfedinew]

I never do

And what do you do?

You know sometimes people can exchange between each other.
It calls p2p exchanger - there is no unified center - so it is imposible to stole

[mountain_hacker]

I never do

And what do you do?

You know sometimes people can exchange between each other.
It calls p2p exchanger - there is no unified center - so it is imposible to stole

What are you talking about? Do you mean localbitcoin?

[trespiclof]

I never do

And what do you do?

You know sometimes people can exchange between each other.
It calls p2p exchanger - there is no unified center - so it is imposible to stole

What are you talking about? Do you mean localbitcoin?

I can’t trust exchangers because sometimes I just don’t receive my money.  Rating, fine. But I want to be sure what I’m doing.

[trespiclof]

I never do

And what do you do?

You know sometimes people can exchange between each other.
It calls p2p exchanger - there is no unified center - so it is imposible to stole

What are you talking about? Do you mean localbitcoin?

I can’t trust exchangers because sometimes I just don’t receive my money.  Rating, fine. But I want to be sure what I’m doing.

It’s a drawback of a rating system. 

[kolfedinew]

I never do

And what do you do?

You know sometimes people can exchange between each other.
It calls p2p exchanger - there is no unified center - so it is imposible to stole

What are you talking about? Do you mean localbitcoin?

I can’t trust exchangers because sometimes I just don’t receive my money.  Rating, fine. But I want to be sure what I’m doing.

It’s a drawback of a rating system. 

I heard there is a secure one where only the payment system is unblocking your transaction.

[mountain_hacker]

I never do

And what do you do?

You know sometimes people can exchange between each other.
It calls p2p exchanger - there is no unified center - so it is imposible to stole

What are you talking about? Do you mean localbitcoin?

I can’t trust exchangers because sometimes I just don’t receive my money.  Rating, fine. But I want to be sure what I’m doing.

It’s a drawback of a rating system. 

I heard there is a secure one where only the payment system is unblocking your transaction.

Nice. What’s the platform?

[kolfedinew]

I never do

And what do you do?

You know sometimes people can exchange between each other.
It calls p2p exchanger - there is no unified center - so it is imposible to stole

What are you talking about? Do you mean localbitcoin?

I can’t trust exchangers because sometimes I just don’t receive my money.  Rating, fine. But I want to be sure what I’m doing.

It’s a drawback of a rating system. 

I heard there is a secure one where only the payment system is unblocking your transaction.

Nice. What’s the platform?

Streamity. They have an exchanger and no there is no commissions for transactions.

[mountain_hacker]

I never do

And what do you do?

You know sometimes people can exchange between each other.
It calls p2p exchanger - there is no unified center - so it is imposible to stole

What are you talking about? Do you mean localbitcoin?

I can’t trust exchangers because sometimes I just don’t receive my money.  Rating, fine. But I want to be sure what I’m doing.

It’s a drawback of a rating system. 

I heard there is a secure one where only the payment system is unblocking your transaction.

Nice. What’s the platform?

Streamity. They have an exchanger and no there is no commissions for transactions.

oh, really? I’ll try. Hope, it’s safe.

[trespiclof]

I never do

And what do you do?

You know sometimes people can exchange between each other.
It calls p2p exchanger - there is no unified center - so it is imposible to stole

What are you talking about? Do you mean localbitcoin?

I can’t trust exchangers because sometimes I just don’t receive my money.  Rating, fine. But I want to be sure what I’m doing.

It’s a drawback of a rating system. 

I heard there is a secure one where only the payment system is unblocking your transaction.

Nice. What’s the platform?

Streamity. They have an exchanger and no there is no commissions for transactions.

oh, really? I’ll try. Hope, it’s safe.

 It is. due to smart-contracrs...I tried, no problems.

[mountain_hacker]

I never do

And what do you do?

You know sometimes people can exchange between each other.
It calls p2p exchanger - there is no unified center - so it is imposible to stole

What are you talking about? Do you mean localbitcoin?

I can’t trust exchangers because sometimes I just don’t receive my money.  Rating, fine. But I want to be sure what I’m doing.

It’s a drawback of a rating system. 

I heard there is a secure one where only the payment system is unblocking your transaction.

Nice. What’s the platform?

Streamity. They have an exchanger and no there is no commissions for transactions.

Yeah! I’m going to. Thank you in advance for your help

[kolfedinew]

People told me to try, I’ll try too

[crypki21]

Yepp, I agree. It is better to hold your coins in wallets or on hardware. OK, it has some gas fees to send them from one place to another, but still better than an exchange being hacked or crashes for some reason and you run after your money.

[casternetwork]

I always hold my coins in my MEW wallet because there are lots of exchanges that have been hacked by hackers. Tokens are stolen will affect the price of the market and investors. so we should not hold our coins on an exchange

[Mikado$]

I always hold my coins in my MEW wallet because there are lots of exchanges that have been hacked by hackers. Tokens are stolen will affect the price of the market and investors. so we should not hold our coins on an exchange

I choose the opposite direction. I choose the exchange floor to hold the long-term coin because some more active security settings. MEW was previously insecure with hacker attacks on google DNS. That always makes me nervous. And it's no coincidence that METAmask has a recent warning.

[bitcolic]

sure its risky but binance is secure, and if anything happen they will compensate it

[East2011]

I do not hold my coins in an exchange for a long time. Simply because i am afraid that the exchange will be hacked and my coins will lost.

[HSRP]

Yepp, I agree. It is better to hold your coins in wallets or on hardware. OK, it has some gas fees to send them from one place to another, but still better than an exchange being hacked or crashes for some reason and you run after your money.

Keeping long-term coin on trading floors is quite risky if you are not a regular trader doing transactions, keeping coins on your hardware wallet is the safest way. Keeping a coin on your wallet is like having someone else keep your money and that is not safe.

[atetess]

True,  it is much better to keep  your coins in your wallet and not in trading sites but if you are a professional trader and hold your coin for long and you really keep your investment and have lots of time to check it then it is fine.

[CryptoCoinArbitrage]

On exchanges hold only the coins you are intending to trade with actively as many exchanges are hacked nowadays.
Decentralised exchanges are not an exception. Make sure  2FA is  enabled on the exchange you use  and  the recovery for 2FA is  stored safely.

[backspace jejel]

you are right, holding coin on the exchange is something careless, a lot of coins are lost for no reason in exchange, it is safer we hold our coin in the wallet, other than that holding it on the exchange is also dangerous because if exchange hacked then everything will be lost from your hand

[Koro-Sensei]

If you hold altcoins they sure to lose value over time also tokens too unless they have a good running team that can manage it all the way through then it could probably last for at least a year or two. Don't hold coins other than BTC cause it won't endure it for the very least. For coin trends I prefer to handle them for months no longer than 6-12 months.

[Sheentaide]

holding your coin on a exchanger is simply quality as long as the market may be very reliable, you may always look at the history of the exchanger if there's an difficulty earlier than or ask a reliable person on what exchanger is the exceptional market to location your coins.

[tanzaholzmann]

Thanks
Your opinion is useful..

Hmm maybe never found any exchange safe,
i hope next future will add any exchange 100% safe

[stepwilli]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I strongly believe that you should not invest long term at this point, you can see that bitcoin prices are constantly fluctuating and difficult to guess, the market is bearish in the long term, because So we can only know the bitcoin price will decrease but can not know exactly at what time. So if you keep long term coin it will be very dangerous and very risky if the bitcoin price drops sharply.

It may be helpful to act accordingly but do not fall in complications and just follow the basics of market which will keep you alive and you will be able to survive in the market. without this one can not survive and will need to leave with loss because he do not know how to handle things then how can he face with situations and making decision is not an easy thing to perform it needs your best knowledge.

[abas_ir]

holding your coin on a exchanger is simply quality as long as the market may be very reliable, you may always look at the history of the exchanger if there's an difficulty earlier than or ask a reliable person on what exchanger is the exceptional market to location your coins.

it is risky now, if we hold our asset on exchange.if we do this activate 2ndfa is must to make our account security safer.choose exchange that have good reputation with small case about hacking in their exchange.

[KeijiN]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

It seems wise because I have heard few times about the attack on the exchange wallets and even about the hack on some of those.  So I usually just withdraw all of my tokens from the exchange right after I have done the mandatory things with them.

[GeckoTrader]

I would recommend to only put coins or token in exchange when trading it or better store it to your trusted hard wallet like trezor and nano s ledger for more safety. It is very risky if you just store your coins in exchange because as you can see many exchanges have been hacked already and I am sure that a lot more exchanges will be hacked in the near future.

[malikusama]

This topic has been discussed many times on this forum and in fact everybody is now aware of it that holding coins on exchanges for long time is quite unsafe. We have also experienced several incidents in the past regarding the hacking of exchanges like Mt. Gox.

[Gheka]

This topic has been discussed many times on this forum and in fact everybody is now aware of it that holding coins on exchanges for long time is quite unsafe. We have also experienced several incidents in the past regarding the hacking of exchanges like Mt. Gox.

I think in the past, people will really think that holding the coin on the exchange for a long time will face a lot of danger when in that moment, hackers repeatedly attack the exchange, the damage is enormous. However at present, even though the holdings still exist certain dangers but people still choose to hold the coin on the exchange because they have gradually believed in the exchange, the exchanges have perfected security after attacks, we do not need to worry too much, minimize wasted time when we no longer need to transfer assets from wallet to exchange

[Panpan66L]

It is fair enough I think,  I can agree on that while I am withdrawing my funds from Exchange right after the transaction I made. Because I consider my wallet as more trustworthy than exchange wallet, even on Binance

[bitcolic]

every single day we are witnessing a new hack issue so if you are hodler better to keep on a personal wallet ..

[atjiat]

It is fair enough I think,  I can agree on that while I am withdrawing my funds from Exchange right after the transaction I made. Because I consider my wallet as more trustworthy than exchange wallet, even on Binance

Enchanted binance And I really like it, especially the ability to make the account secure using SMS auntification and email auntification.

[Bubblestonemax]

Its not advisable to hold your coins on an exchange as this can be very dangerous. Better to hold your coins or tokens in your wallet where u control its private keys

[tuanphuong666]

I agree with your opinion. I rarely hold coin for long term exchange because it is not safe

[zedicus]

It is fair enough I think,  I can agree on that while I am withdrawing my funds from Exchange right after the transaction I made. Because I consider my wallet as more trustworthy than exchange wallet, even on Binance

Yes, a trusted cold storage is much more than better than holding your coins in exchange. With this newest big amount hackings in every exchange is totally alarming to all. But if you are in daily trade make sure every portion of ypur profit will be out on exchange for safety. I don't trust any exchange even how advance are their security as hackers will always find a way to hack it.

[rexxarofmoknathal]

This topic has been discussed many times on this forum and in fact everybody is now aware of it that holding coins on exchanges for long time is quite unsafe. We have also experienced several incidents in the past regarding the hacking of exchanges like Mt. Gox.

Yes, that's already known; holding coins or tokens on the exchange for more than it need be is a risky move, better to retract it to your wallet for safety.

[Rupcrypto]

I think that there not necessary to hold for too long time for exchange it may be risky because no one can guess what will happen in the future.

[Fantastickarl]

This is one of the best advises that you can give any one in the crypto industry. Holding many tokens on the exchange without trading it (buying or selling) prices to come with a bigger risk. Its less riskier to have your tokens in your wallet that you control the private keys

[coffigayo]

es it is difficult to do this for active trading. Especially when the coins are circulating endlessly on the stock market. If we hold our coins in any market, we actually have no control over our funds. Only cold wallets that can give full control over our money.

[ngacengan]

yes of course you should not hold the coin you have at the exchange because I think if you hold the coin at the exchange it has a very high risk so you should save it in the external wallet or wallet like ledger.

[lotsky123]

You are absolutely right mate. Never hold your tokens in exchanges if you're not going to sell because of a hacking issue which is rampant all over the internet. Like what had happened months ago wherein 3 exchanges have been hacked which causes the downfall of the market price until today and I think it's not recovering yet.

[paulo013]

Yes i do. I just using exchange when selling my coins. But staying my coins in a exchange, No. because we don't know when the hacker to attack.

[portalufonet]

This is one of the best advises that you can give any one in the crypto industry. Holding many tokens on the exchange without trading it (buying or selling) prices to come with a bigger risk. Its less riskier to have your tokens in your wallet that you control the private keys

Yes, if you do not trade regularly, keeping the coin on the Exchange is unreasonable because the risk is huge when Exchange is targeted by hackers around the world. It is therefore important to preserve the coin carefully and more efficiently to ensure that coins are safe.

[panjay]

yes time to time, exchange getting hacked, either from system got hacked or they attack the user side with a phishing site or some kind of viruses.

[boynamnhi]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Yes, I think that at this point you should not hold and invest long term, you can see that bitcoin prices are constantly fluctuating and the market is bearish in the long run, so to be able Successful trading is very difficult, bitcoin prices can decrease at any time and if you keep the longer the damage will be larger.

[ervinmadureri]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

I believe that at this time we should only buy and invest in the short term, you should not hold long any coin, at present bitcoin prices are recovering but recovery is not strong and bitcoin prices will be able to reduce strong at any time. So at this point I think you should only invest in short term and always have a specific trading plan.

[ubeng07]

yes of course you should not hold the coin you have at the exchange because I think if you hold the coin at the exchange it has a very high risk so you should save it in the external wallet or wallet like ledger.

in short most of exchange are not trustable that we can also have to take a risk on it we should be more practical and open minded you should always think the sake of your hardwork then dont let this to be stolen just because you store it for so long.

[Daniel9140]

Holding coins on an exchange for a long time is very risky. Anything can happen to the coins. The exchange can be hacked and you lose the whole tokens therein. That's why its far better to keep your tokens in your private wallet than keeping it on the exchange

[saLve88]

I agree with you mate. Especially about the coins with low capital / volume. Because you may enter to the trade when the token just comes to market where is high volume at the beginning but with the time people forget the coin and as no volume in exchange you wont able to sell your coins as there re no any buyers

[nelsledma]

This topic has been discussed many times on this forum and in fact everybody is now aware of it that holding coins on exchanges for long time is quite unsafe. We have also experienced several incidents in the past regarding the hacking of exchanges like Mt. Gox.

If you want to be a professional and an efficient trader then do not trade poorly but fuel up yourself which means that get the experience of trading by doing and repeating the process in different situations which will build up your knowledge. With this experience there is no power which can stop you from touching your destination so simply never ever ignore the basic and focus on your process wither for long term o short term.

[mjloulie]

We have to be aware that keeping your coins in an exchange for a long time is such a bad idea because you might lose your funds by doing that. You will never know when will it be attack by hackers so it not really safe. It would be better to keep it your personal wallet then transfer only on an exchange coins that you wanted to trade.

[Huy Mai]

This is true, at least for me. I have tried to hold many times, but I got failed. One of the main reason I noticed is that I held my coins on trading exchanges. It was really hard to hold when I saw my coins were going down, then I sold them and hope I can buy again with low prices... The real situation that I missed lots of chances...
So, if you want to hold, put your coin to offline wallets!

[joey alexander]

agreed , If you don't own the keys of an wallet, do you really own the key in there? One could argue that sure you do, the exchange is obligated to give you the coins when you ask for them. Sure, but obligated by whom?
I mean, in banks, you don't want the keys to the bank yet you feel that the money are YOURS and SAFE. Maybe people tend to think the same about crypto exchanges...But the truth is that the banks are very regulated and insured and there are practices [ good and bad] that have been in place to prevent people or institution from stealing or losing your money.but we cant be sure about exchanges. thank you for bringing up important topic.

[SubZer0]

Thank you for reminding this  for people.I personally use exchanges, and I do think having some coins on them for a short amount of time is relatively safe. I do not recommend leaving your coins on them for extended periods of time though, because you are exposing yourself to a greater risk by having them on the exchange over a prolonged period of time. Even a very short amount of time does still has risk.

[mdw1962]

I really thanks for the informations you've shared to us here in the trading discussion. It was very important for me because the same as you. i've always stored my coins in an exchange site though it was advice by my friends to do that for easy transactions which could be a wrong procedure.

[coconutter]

This is more than true, if you want to hold a little amount of money (less than $500) into an exchange to take the opportunities to buy some coins, just hold it on strong exchanges like Binance or Bittrex, otherwise, just stick to have it on your wallet

[Mr.grin]

This is more than true, if you want to hold a little amount of money (less than $500) into an exchange to take the opportunities to buy some coins, just hold it on strong exchanges like Binance or Bittrex, otherwise, just stick to have it on your wallet

well, sometimes it is very dangerous. we do not know what will be the exchanger. even more so at this time so many burglary exchangers by international hackers out there. well, we have to be careful in that regard.

[Catswold]

fully agreed with you.  Most importantly, you have no control over your money when it is on an exchange. When your money is sitting on an exchange, you are not in control of your money at all. Isn't the primary reason for the creation and popularity of bitcoin and other cryptocurrencies the fact that they give you the ability to be your own bank? Holding your money up on an exchange completely defeats the purpose of cryptocurrency, the ability to write down your private keys and lock them in a safe, knowing that nobody else can touch your money and you can access your money without having to go through any third-party. Instead, a third-party holds your hard-earned money in their wallet, and if something goes wrong, there is no private key you can use to recover your funds.

 if you plan to hold cryptocurrency for the long haul, don't keep it in an exchange. Get a wallet, run your own node, LEARN about the network of the coin and more details of how it works. The entire purpose of cryptocurrency is to BE YOUR OWN BANK. Don't defeat that purpose by letting a third-party company hold onto your hard-earned money.

[hungsanh2512]

Yes, it's too risky for you to put too much money on the exchange, it's like a slow-bang bomb that does not know when it will explode.
So you need to be careful in every situation that can happen.

[darewaller]

This is one of the best advises that you can give any one in the crypto industry. Holding many tokens on the exchange without trading it (buying or selling) prices to come with a bigger risk. Its less riskier to have your tokens in your wallet that you control the private keys

Yes, if you do not trade regularly, keeping the coin on the Exchange is unreasonable because the risk is huge when Exchange is targeted by hackers around the world. It is therefore important to preserve the coin carefully and more efficiently to ensure that coins are safe.

That is right because we can have a possible threat of the wallet getting hacked by the hackers. To be on a safe side, one should be aware that holding coins on exchange for long might cost him/her the whole wallet. Also one looses control over the funds if coins are held on exchange.

We have had so many incidents of wallets being hacked in the past. Dealing in the market requires the trick to reduce the risk in business.

[Premooooo]

agreed that's why i would say decentralized exchanges are future

Because of the coin, these prices have not yet risen even if you hold a coin long because it's a great chance to fall as much as shitcoins as you think the price will increase in the future.

[Jaci]

Most of the exchange have risked so I think it is better to not hold you any coin for a long time in one exchanger. When which exchange will be hack no one can say so it is very safe to put your coin in different exchange. You can check Bittrex Exchange because it is still now very safe because I use it around 3 years ago and you can use binance it also still now very safe.

[raider150shifter]

If you're thinking on hodling a coin long-term then use cold wallet,
Cold storage in the context of Bitcoin refers to keeping a reserve of Bitcoins offline.(BitcoinWiki)
for safety precaution.

[AleSergio]

Ofcourse if you store your money on some useless exchangeres or a new ones with poor security system, you will get hacked in no time. But if you take a look on a big ones, that exists for a long long time, they were never hacked and people still hold their coins or money there.

[alfs75]

If you wish to hold some coin then use exchange only for during exchange. Just exchange your coin and transfer on your personal wallet that you have controlled. Specially you can use hardware wallet.
Because many exchange hacked buy hacker. Many people loss their capital by hack.
So please don't hold your coin on exchange for long time.

Actually thanks for this your good advise bro,thats dont put  all our coins in the exchange market because  mostly of the exchange now been a victim of hacked and people loss there capital because of hacking system,otherwise,i must hold only my crypto coins in my MEW wallet only even though its not must safe compared to Nano Ledger or trezor edge portable wallet.

[Osarman]

We have to be aware that keeping your coins in an exchange for a long time is such a bad idea because you might lose your funds by doing that. You will never know when will it be attack by hackers so it not really safe. It would be better to keep it your personal wallet then transfer only on an exchange coins that you wanted to trade.

I don’t think so that you will find any such investor who is busy in holding of the coins for longer time and that he puts his coin on exchange rather than that of the putting those coins in his own wallet.

You are being the owner of your coins need to take care of them and that you need to keep them safe in all the possible ways so that no one else can steal those coins. Keep them in your wallet and do not share the private key with anyone.

[Rosemarie Carizo]

I agree ., be careful always in terms of trading because many hackers in crypto world.. To be m0re safe do an0ther wallet that only connect to exchanger n0t your own wallet.

[richcorner100]

I did day trading so all my coins i keep on the exchange, and only used crypto exchange that has good reputation and they operated acouple years already without any bad issue. Bittrex, Poloniex, and HitBTC is old exchange that never get any issue of hack.

[iMark]

This topic has been discussed many times on this forum and in fact everybody is now aware of it that holding coins on exchanges for long time is quite unsafe. We have also experienced several incidents in the past regarding the hacking of exchanges like Mt. Gox.

Yeah that time still made an impression, because it made the price of bitcoin fall deeply, and made many users lose and bankrupt. we don't want that to happen again. so just in case don't keep all of your assets in one exchange, save in several places, and don't save for a long time

[RadjorBlade]

This is more than true, if you want to hold a little amount of money (less than $500) into an exchange to take the opportunities to buy some coins, just hold it on strong exchanges like Binance or Bittrex, otherwise, just stick to have it on your wallet

To get a profit, don't HODL for too long, because prices continue to fluctuate, so play as a trader, buy when the price goes down for a while and then sell when prices rise. Maybe the increase isn't much, but it's pretty good. Then repeat again like that so that the dynamics of bitcoin are more pronounced and become smarter to analyze the rise or fall of bitcoin prices.

[Moxivuki]

Hackers do affect the property security of investors to a certain extent, but I believe that if we trade with caution, then I can effectively avoid the possibility of being attacked!

[bravehearth0319]

Don't store your coins exchanges for a long time. These echanges are not hacker-proof platform. There were lots of exchanges tha had been hacked and hundreds of millions worth of coins were stolen. Better to store your coins in a hardware wallet for safety. Put only the amount needed for the trading.

[Bolivar_Tony]

This is just the simple truth, it's not good to leave your coins on the exchange if you are not trading them, I have this bad experience, I left some coin in an exchange, I won't mention the exchange, so it happened that regulation made them to demand KYC for their users, then KYC was implemented and I have tired so many times to pass the KYC but couldn't since then my coin is still stocked on the exchanges, that's the more it is not good to leave your coins on exchanges, they can take any decision at any point in time.

[KGBx]

Yeah, I agree that it is risky because exchange can change its policies and rules and that may freeze your funds, always be very focused when you work with exchanges.

[compak_comunity]

In trading, the risk of hackers is really feared by the players So they have to be very observant in saving assets and stay focused on creating income at any time without panicking when prices are in a relatively bad period.

[panjul07]

Yeah, I agree that it is risky because exchange can change its policies and rules and that may freeze your funds, always be very focused when you work with exchanges.

I do not think that good exchanges will do it, even if a good exchange is going to update or add a new rule or policy then the exchange wont freeze your funds just because the new rules. It can be called as scam if they change rules and freeze user's funds.
Usually, exchange will inform users if they are going to add new thing that may affect user's funds/assets so users are able to do something like withdraw it to their own wallet.

[darasinmi4show]

Yes, don't hold your coin or asset on exchange for so long. The simply reason is that hold coin or Asset on  exchange can amount to the lost of the token if the exchange is hacked.