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Author Topic: Don't hold your coin on exchange for long time.  (Read 1565 times)
wudackprod
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June 08, 2018, 05:58:05 PM
 #181

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
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June 08, 2018, 07:19:34 PM
 #182

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
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June 08, 2018, 07:52:53 PM
 #183

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
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June 08, 2018, 07:56:19 PM
 #184

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
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June 08, 2018, 07:59:09 PM
 #185

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
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June 08, 2018, 09:54:33 PM
 #186

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
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June 08, 2018, 09:57:39 PM
 #187

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
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June 08, 2018, 10:12:35 PM
 #188

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
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June 08, 2018, 10:21:01 PM
 #189

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
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June 08, 2018, 10:47:23 PM
 #190

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
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June 08, 2018, 11:20:14 PM
 #191

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
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June 09, 2018, 12:14:55 AM
 #192

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
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June 09, 2018, 03:13:19 AM
 #193

really because it is very dangerous, you better keep it in your wallet. my advice if you want to sell it first.
mendozaaria1
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June 09, 2018, 07:25:10 AM
 #194

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.

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TheOldSage
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June 09, 2018, 07:44:48 AM
 #195

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.
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June 09, 2018, 08:01:10 AM
 #196

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.

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ShineftChaos
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June 09, 2018, 08:13:50 AM
 #197

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
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June 09, 2018, 08:24:04 AM
Last edit: June 09, 2018, 06:11:32 PM by anthonydav
 #198

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
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June 09, 2018, 09:07:46 AM
 #199

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
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June 09, 2018, 09:10:34 AM
 #200

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.

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