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

[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.