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

[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.

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[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.