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

[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

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[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.