gghh111111
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Activity: 27
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June 22, 2018, 01:35:24 AM |
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Yes. I had bad experience with coinexchange
They staked my coin and got profits.
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webdevmastery
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June 22, 2018, 01:54:35 AM |
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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.
Holding your coin on a exchanger is just fine as long as the market is very reliable, you can always look on the history of the exchanger if there's an issue before or ask a reliable person on what exchanger is the best market to place your coins. |
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Phantomberry
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June 22, 2018, 02:37:46 AM |
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I agree with that in order to more secured your coins or tokens you need to transfer that in your personal hardware wallet like trezor or ledger nano than rather to stay in a exchange.
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Dudeperfect
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June 22, 2018, 03:18:23 AM |
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Exactly! It doesn't make any sense to hold funds on any website, exchange or web wallet unless you are going to use it immediately. I am using a paper wallet with multiple backup copies stored in multiple geographical locations as my main cold storage, then I am using the Trezor wallet as my active wallet and I also use web wallet for easy accessibility but never keep more than 5% funds there.
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Usafstar
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June 22, 2018, 03:40:07 AM |
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I think a professional trader will not hold one coin for long time but they will exchange when the time is good for exchange and now a days many other coins are circulating in a high ratio so exchanging coin is the better option for growth.
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coin_1122
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June 22, 2018, 03:48:03 AM |
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Yes, it is really bad idea to keep holding your coins on the exchange because we don't know when those exchangeges will get hacked. It is better to hold only day trading coin, other coins you can move to their desired wallets.
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hacekd
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Activity: 294
Merit: 12
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June 22, 2018, 03:54:48 AM |
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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". it's better to use a well-maintained exchange from start of storage security as well as trade and that really is not any fraudulent site it will be safer. |
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@baracitamon
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June 22, 2018, 11:06:58 PM |
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But I personally hold for a long time we can choose to sell pennies at reasonable prices. So I think in the future the price of the altcoin will increase sharply, they do not decrease as strongly now.
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denisaardelean
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Activity: 322
Merit: 10
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June 22, 2018, 11:56:29 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.
I think you should not hold any long-term coin at this point, can see that the market is continuing its bear market as bitcoin prices are constantly falling throughout the days. The dramatic fall in bitcoin prices has led to a sharp drop in altcoin prices, and according to my analysis, bitcoin prices may continue to fall sharply in the coming days so you should not keep any coins at the time this. |
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pelipurlara
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Activity: 364
Merit: 10
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June 26, 2018, 06:04:39 AM |
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I think if you can verify your account with verification of mobile verification email and 2F Authentication correctly from your account, Hackers do not have a chance to steal your money and you are free from loss. And I think they just created an account, they just put a token without reading the terms and conditions and verifying the security
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zedicus
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CryptoTalk.Org - Get Paid for every Post!
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June 26, 2018, 06:10:47 AM |
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I think if you can verify your account with verification of mobile verification email and 2F Authentication correctly from your account, Hackers do not have a chance to steal your money and you are free from loss. And I think they just created an account, they just put a token without reading the terms and conditions and verifying the security
I don't think by that way they can hack it because they might hack the exchange and once they got access to everything in there they can bypass your email and Google authenticator without requiring it. Everything is possible with hackers and that the reason wjy it was never been advised to hodl it on exchanges. |
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Arwinkim
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June 26, 2018, 06:13:36 AM |
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Honestly, I don't store my coins in my personal wallet because it is more hackable than exchange wallet. I only trade in well known exchanges like Binance, Bittrex and Poloniex because I believe their security system stronger and safer. Besides, my coins value is not more than 1 BTC, so I think storing my coins in exchange is a good option. Would be convinient if I want to trade it in instant. Do I forget mentioning transfer expensive fee from exchange to personal wallet?
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gamalzour
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June 27, 2018, 07:53:20 AM |
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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.
In long term trading you will need to look for the Bitcoin and Ethereum because these two are favorable for long term trading or investment. These are having long term trusted store of value and you will get profit if you wait for the price to go high and then sell it. Come out from complications and just follow the market rules in order to survive in the market of your desired selection. |
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hoavantathan
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June 27, 2018, 09:21:18 AM |
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For BTC or ETH you should hold long time. But other crytos you must sell all when it gets on big exchanges.
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610S
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June 28, 2018, 09:24:52 AM |
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Your statement is not completely wrong. But some people like to hold their coin in there hardware wallet so when the value of their coin rises they get their profit. Many people earn a lot by holding their coins. but you have to be smart and take information about the price of that specific coins ups and downs. If the market value is good you can exchange.
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Prince Edu17
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June 28, 2018, 11:00:36 AM |
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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.
This is totally right, As of now that many exchange got hacked that's why i never hold my coin in exchange if i want to hold it i will withdraw it and hold it in my wallet to make it secure |
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mung_nasib
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DeFixy.com - The future of Decentralization
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June 28, 2018, 11:50:14 AM |
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I think in the world of cryptocurrency one must be ready to accept all the risks that arise suddenly so when they insist on continuing to hold an asset for a long period of time, caution is needed to anticipate big losses.
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connexus
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June 28, 2018, 12:20:45 PM |
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That is true. For safe keeping purposes we should always keep the coins in the wallet and not exchanges because our investment might be hacked and we can’t even benefit from it.
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collins3
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June 28, 2018, 02:08:26 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.
I strongly believe that you should not invest long term at this point, you can see that bitcoin prices are constantly fluctuating and difficult to guess, the market is bearish in the long term, because So we can only know the bitcoin price will decrease but can not know exactly at what time. So if you keep long term coin it will be very dangerous and very risky if the bitcoin price drops sharply. |
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YoungMaster
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MYCRYPTOBANK.IO
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June 28, 2018, 06:25:26 PM |
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Yes i totally agree with you.
We can't underestimate by saving our coins to exchangers even they are famous exchange and safer.
As for the decision we should save our coin directly to our desktop wallet or maybe it could be wiser if we store it by using hardware wallet such as trezor.
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