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Author Topic: Don't hold your coin on exchange for long time.  (Read 1565 times)
xitrum
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June 29, 2018, 11:50:41 PM
 #341

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 should not keep coin and long-term investment, the market is falling into crisis as the price of bitcoin is constantly decreasing and consequently the price of altcoin drops sharply, so long investment At this point, you will only get a loss and you will be able to lose a lot if the market can not recover and continue to fall deeply.

Altero
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June 29, 2018, 11:55:56 PM
 #342

That's right, I'm not particular of just letting my coins sleep in exchanges waiting for a better price then sell. It is the way also to keep safe from losing our coins, it is better to keep it in MEW.
I don't think is just because of hacking issues but also of some maintenance break. Anyway, it is rarely to happen but have chances though. 
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June 30, 2018, 01:55:40 AM
 #343

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.
Thanks bro,for this your good advise in doing some holding capital in exchange trading,actually all of this happen mostly difenitly true,and alarming,because when we put up our crypto coins in the tradings exchanges that we would like to make a transaction,so that its ready to exchanges it to fiat or convert to another altcoins,we could not assure that if there something happen those trading site's our crypto coins would return in exact value,or return back to you in good hands,thats why its discourage to put some of our portfolio in the trading sites,in order to aware of hacking system.

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June 30, 2018, 02:54:53 AM
 #344


I think it's right to prevent the damage
 in the end

 because you think you have fallen on Bitcoin so far
but in the end
 the price of the bitcoin will collapse too
i and may also be defeated in the future.
laravuemaster
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June 30, 2018, 03:46:40 AM
 #345

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 have a point because there are market's that cannot actually handle the growth of cryptocurrency and sometimes there are hacking issues as well due to their weak security so i prefer using ledger than.

gabmen
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June 30, 2018, 05:22:29 AM
 #346

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 have a point because there are market's that cannot actually handle the growth of cryptocurrency and sometimes there are hacking issues as well due to their weak security so i prefer using ledger than.

Yeah that's one thing we can learn from the mtgox debacle a few years ago though i quite ended up well for the investors because btc's value grew a lot while they're waiting for their case. But it could've gone the other way so just to be sure have all your hodlsin your personal wallet.

 
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xsaints128
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June 30, 2018, 11:17:40 AM
 #347

Only if you are a day trader should you have your cryptos in exchange and in that case too not all of your tokens/coins, just the amount with which you can trade and bear the risk of. Exchanges get hacked many a times and not all exchanges provide refund for the money stolen. So, please stay vigilant and keep your investments in their respective wallets or better yet in a hardware wallet like Trezor.

kolfedinew
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July 03, 2018, 01:34:22 PM
 #348

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 have a point because there are market's that cannot actually handle the growth of cryptocurrency and sometimes there are hacking issues as well due to their weak security so i prefer using ledger than.

Yeah that's one thing we can learn from the mtgox debacle a few years ago though i quite ended up well for the investors because btc's value grew a lot while they're waiting for their case. But it could've gone the other way so just to be sure have all your hodlsin your personal wallet.
You should not keep the assets you have in exchange because there is very high risk, one of them is your assets can be stolen there.
NicoRosberg
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July 03, 2018, 01:42:30 PM
 #349

I never do
mountain_hacker
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July 03, 2018, 01:45:54 PM
 #350

I never do
And what do you do?
kolfedinew
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July 03, 2018, 01:49:59 PM
 #351

You know sometimes people can exchange between each other.
It calls p2p exchanger - there is no unified center - so it is imposible to stole
mountain_hacker
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July 03, 2018, 01:51:16 PM
 #352

You know sometimes people can exchange between each other.
It calls p2p exchanger - there is no unified center - so it is imposible to stole
What are you talking about? Do you mean localbitcoin?
trespiclof
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July 03, 2018, 01:52:23 PM
 #353

You know sometimes people can exchange between each other.
It calls p2p exchanger - there is no unified center - so it is imposible to stole
What are you talking about? Do you mean localbitcoin?
I can’t trust exchangers because sometimes I just don’t receive my money.  Rating, fine. But I want to be sure what I’m doing.
trespiclof
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July 03, 2018, 01:55:41 PM
 #354

You know sometimes people can exchange between each other.
It calls p2p exchanger - there is no unified center - so it is imposible to stole
What are you talking about? Do you mean localbitcoin?
I can’t trust exchangers because sometimes I just don’t receive my money.  Rating, fine. But I want to be sure what I’m doing.
It’s a drawback of a rating system. 
kolfedinew
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July 03, 2018, 01:57:58 PM
 #355

You know sometimes people can exchange between each other.
It calls p2p exchanger - there is no unified center - so it is imposible to stole
What are you talking about? Do you mean localbitcoin?
I can’t trust exchangers because sometimes I just don’t receive my money.  Rating, fine. But I want to be sure what I’m doing.
It’s a drawback of a rating system. 
I heard there is a secure one where only the payment system is unblocking your transaction.
mountain_hacker
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July 03, 2018, 01:58:40 PM
 #356

You know sometimes people can exchange between each other.
It calls p2p exchanger - there is no unified center - so it is imposible to stole
What are you talking about? Do you mean localbitcoin?
I can’t trust exchangers because sometimes I just don’t receive my money.  Rating, fine. But I want to be sure what I’m doing.
It’s a drawback of a rating system. 
I heard there is a secure one where only the payment system is unblocking your transaction.
Nice. What’s the platform?
kolfedinew
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July 03, 2018, 01:59:35 PM
 #357

You know sometimes people can exchange between each other.
It calls p2p exchanger - there is no unified center - so it is imposible to stole
What are you talking about? Do you mean localbitcoin?
I can’t trust exchangers because sometimes I just don’t receive my money.  Rating, fine. But I want to be sure what I’m doing.
It’s a drawback of a rating system. 
I heard there is a secure one where only the payment system is unblocking your transaction.
Nice. What’s the platform?
Streamity. They have an exchanger and no there is no commissions for transactions.
mountain_hacker
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July 03, 2018, 02:04:54 PM
 #358

You know sometimes people can exchange between each other.
It calls p2p exchanger - there is no unified center - so it is imposible to stole
What are you talking about? Do you mean localbitcoin?
I can’t trust exchangers because sometimes I just don’t receive my money.  Rating, fine. But I want to be sure what I’m doing.
It’s a drawback of a rating system. 
I heard there is a secure one where only the payment system is unblocking your transaction.
Nice. What’s the platform?
Streamity. They have an exchanger and no there is no commissions for transactions.
oh, really? I’ll try. Hope, it’s safe.
trespiclof
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July 03, 2018, 02:06:35 PM
 #359

You know sometimes people can exchange between each other.
It calls p2p exchanger - there is no unified center - so it is imposible to stole
What are you talking about? Do you mean localbitcoin?
I can’t trust exchangers because sometimes I just don’t receive my money.  Rating, fine. But I want to be sure what I’m doing.
It’s a drawback of a rating system. 
I heard there is a secure one where only the payment system is unblocking your transaction.
Nice. What’s the platform?
Streamity. They have an exchanger and no there is no commissions for transactions.
oh, really? I’ll try. Hope, it’s safe.


 It is. due to smart-contracrs...I tried, no problems.
mountain_hacker
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July 03, 2018, 02:08:45 PM
 #360

You know sometimes people can exchange between each other.
It calls p2p exchanger - there is no unified center - so it is imposible to stole
What are you talking about? Do you mean localbitcoin?
I can’t trust exchangers because sometimes I just don’t receive my money.  Rating, fine. But I want to be sure what I’m doing.
It’s a drawback of a rating system. 
I heard there is a secure one where only the payment system is unblocking your transaction.
Nice. What’s the platform?
Streamity. They have an exchanger and no there is no commissions for transactions.
Yeah! I’m going to. Thank you in advance for your help
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