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

[marsmyname]

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.

I think of putting the crypto coins in your own personal wallet to be much better thing than that of the exchange as it is more secure option. The only thing which you need to do is that you must look for some strong wallet as there are so many scammers which are having a close eye on your coins and that you can get into any kind of trouble too if you don’t take care of your coins and wallet yourself.

[StarofBTC]

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.

I second your statement. Yes the newbies have to go for such coin that cost you low than one dollar. The reason behind this action is it would help you to implement your learning in practical world with more specific results and real picture. You would be able to see how the things actually works. Ultimately your confidence start boosting up and can do trade without much bigger tension.

[TheGreatPython]

but I think it's safer to keep a coin in an exchange wallet because its security is stronger and has a more ordinary value seeing the change in coin prices in grip

God help you when something ends up affecting the exchange. The thing with exchange is that it is easy to have your funds stashed up in the same spot, but one thing is that you have no control over them since you do not have any private key to any of the wallet and that makes you more like not having anything at all. In a situation where there is a powerful hack that affects the exchange, you are definitely going to be losing your funds, just like what happened to the likes of MtGox.

[ValerieBTC]

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.

Probably its a great advice. Its better to be safe than losing your money. We have to be more secure if we can save in our personal wallet.

This is not even a matter of probability as this is more of something that should be taken note of. Exchanges are centralized and if anything happens to them in a negative way, same thing happens to the user's fund which is the main reason why it is very important not to leave all that one has on the exchange to trade with or to hold. There are wallets that are decentralized which gives control of one's keys and they are far better when it comes to security of your assets.

[shulio]

If you are going to hold your coins on exchange youo must activate 2FA and disable all API communication.

[dumple]

This is more than true, i have already lost a lot of money on Bittrex because of that, they stucked my withdrawal and i could never withdraw my coins in there (aprox 50 NEO)

[dragoz11]

are there any examples of the recovery of funds stolen from exchanges or they are gone forever. It is just so easy to hack an exchange and then you hear nothing from them, so where can we know if the hackers are not the ones that own the exchanges ?

[Papcio77]

Good tips for newbies here, yes better to hold in your own wallet that only ourselves can manage and take care of it. In exchange there is possibility of being hack. We dont have hand to avoid this thing. Just like what happen on etherdelta more trader got loss their funds. Deposit then withdraw after all coins and be deposit again if you want to trade.
But if you are daily trader so its okey to keep funds on exchange just make sure trade on known top exchnage like binance

[kerajaangosip]

I always hold my coins in exchange and nothing happened, I think this depends on his exchange and his security

[kerajaangosip]

I always hold my coins in exchange and nothing happened, I think this depends on his exchange and his security

[mornabo]

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.

Holding your coins on exchanger is fine but the only problem is that, if the problem occurs in their own system then your coins might be stolen from you and that is the reason why i prefer placing it into the wallet.

Yeah whenever they can be a scam, with reason their system is hacked, as happened in bitfinex, mt gox and so on, from that we know that keeping all funds in exchange is not the right idea, maybe it's not a problem to hold just to do trade only, but do not keep all your money in exchange dude

[kejot]

Ofcourse. That is not a good option when you want to hold your coins on exchange, sometime we doon't recognize that there is a malware attack on that exchange, to keep safe your coin you must transfer your coin to your personal wallet or hardware wallet, for a coin that has no hardware wallet, i think you should to sell it as fast as possible if you think you have profit on selling it.

[candy69]

Exchanges can get hacked and you would lose all your coins, so it is not safe to hold your coins on exchanges. Many exchanges suffered hacking attacks in the past.

[Boldmaxx]

 It is simply safer and highly recommended that tokens should not be stored on exchange because of the risk involved. But if you are day trading, moving coin to and fro between an exchange and wallet is not very economical. But wallet still remains the safest place to hold your coin/tokens.

[mware]

since cryptocurrency become famous, cryptocurrency exchanges begin to become the target of hackers. no exchange is impenetrable to hackers or invulnerable to bankruptcy. keep them in wallets where you have the private key it's will be better

[cryptocurrencyguru]

it is advisable to hold the coins in the hardware wallets rather than holding in exchange for a long time as we are seeing many exchangers are vulnerable towards hacking hardware wallet is safe

[holtzmann]

To hold coins on the exchanges is really dangerous. That's actually a disservice to hackers. Even if they have two-factor authentication, SSL certificate and encrypt the data. I agree with the author of this post, don't hold your assets on exchanges. Better use hardware wallets for storage for a long time.

[gabmen]

it is advisable to hold the coins in the hardware wallets rather than holding in exchange for a long time as we are seeing many exchangers are vulnerable towards hacking hardware wallet is safe

Well i don't see any good reason why you have to keep your coins in an exchange unless you're actively day trading. Hardwallets are the best but being careful is essential. If you're planning to hold your coins, there are wallets for since as they always say, you don't really own them if they're not yet in your wallet

[cryptolidus]

Almost every week some Exchanges are hacked. The newest hack happened on Bithumb yesterday and $30 millions were stolen. There is no 100% secure exchange. The only question is when they will be hacked and will You be affected or not.  Only the trading amount should be left on exchanges. The most secure way for storing Your investment is on hardware wallets bought from the official distributors.

[binhbaamboo]

I agree  with your opinion, we should store in personal hard wallet, most of crypto exchange can be hacked anytime, many famous exchange hacked this year like bithumb, binance