Compa
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June 07, 2018, 06:18:30 PM |
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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.
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cryptogideon19
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June 07, 2018, 07:12:23 PM |
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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.
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Finestream
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June 07, 2018, 07:35:21 PM |
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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. |
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yeezycheezy
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Cryptoknowmics - World's First Decentralized Media
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June 07, 2018, 07:54:18 PM |
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yes sir its not really good to hold your tokens or coins exchanges its better to store your coins in your wallets.
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shield132
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June 07, 2018, 08:01:41 PM |
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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.
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ckorbba
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June 07, 2018, 08:10:34 PM |
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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. |
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hrzaree
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June 07, 2018, 08:16:37 PM |
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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.
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vv181
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June 08, 2018, 03:05:11 AM |
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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.
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giarised
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June 08, 2018, 11:08:51 AM |
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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. |
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okorocrypto
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June 08, 2018, 11:12:12 AM |
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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? |
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enwi
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June 08, 2018, 11:30:16 AM |
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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
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fenzuijk
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June 08, 2018, 12:02:04 PM |
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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.
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Qvilo1832
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June 08, 2018, 12:22:50 PM |
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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 ....
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Rano
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June 08, 2018, 01:55:39 PM |
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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.
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BabyBoss
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June 08, 2018, 01:58:31 PM |
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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. |
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Raffamichaels
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June 08, 2018, 02:42:09 PM |
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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
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kxp
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June 08, 2018, 02:50:30 PM |
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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!
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Warning! My negative trust is a result of unfair competitor's action! I received my reputation not for scamming anyone but for being an account seller - check it yourself!
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CryptoFlame
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June 08, 2018, 03:04:23 PM |
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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. |
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GelsoAM
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June 08, 2018, 03:59:15 PM |
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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.
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Kamarah
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June 08, 2018, 04:22:52 PM |
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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 |
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