Keep All Coins in Hardware Wallet vs Separating Some in Exchanges/Other Wallets

[BitHodler]

If you can afford hardware wallet, you can use it to secure your coins if you don't want to use them regularly.

It's no longer a matter of being able to afford a hardware wallet since they aren't expensive at all. People not willing to buy a hardware wallet are mostly cheapskates thinking they can take care of storing without buying hardware.

Technically you can do that by using a paper wallet, but that's not safe at all. What if you want to use your coins? You have to import your private key into a client you don't know of if it's safe or not.

Hardware wallets are multifunctional. It's not just a piece of hardware that allows you to safely store your crypto currencies, but it's also one that provides the safest possible way to transact with the outside world.

Paper wallets won't ever be able to provide that. Just think about it, will you rather "lose" $100 that you pay for a hardware wallet, or lose $10,000 worth of crypto due to a hack because you didn't want to get a hardware wallet.

Easy choice.

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[BitcoinHunt3r]

You already answered your question. It is obviously depends if you are a trader or a holder. If you are a holder, the best thing to secure your coins is on hard wallets. If you are a trader, just store it on trusted exchange so that you can easily trade it when needed. Just make sure that you activate the highest security of your account such as 2FA.

Already, and 2FA does not always save, if the exchange is hacked, there could be no protection. Having a hardware wallet we protect ourselves very well. The main thing is not to lose a piece of paper from the Ledger with passphrases for recovery.

2fa's , hardware wallets , strong passwords , etc all of them are the same . when i say the same id say all of them is still useless because no matter how you secure your wallet/account it can still be hacked and you cannot avoid it becuase hackers are verry smart . so overall , the best thing that we can do is to avoid putting huge amount of cash in your wallets/accounts online so that you can avoid unecessary problems that may occur on the future .

So it means almost every person will have same answer, separate it in some wallet online whether it's an exchange or an online wallet. Because if we loss 1 ( hope no one loss in hacked thing ) we still have money in other places.

[pacman7331]

I would go for both ways! All we are doing these things to secure our funds. So, As a long-term holder, I will hold coins in a hardware wallet and as a trader, i have to keep some coins on exchanges too! So, you are right!

[clickerz]

You already answered your question. It is obviously depends if you are a trader or a holder. If you are a holder, the best thing to secure your coins is on hard wallets. If you are a trader, just store it on trusted exchange so that you can easily trade it when needed. Just make sure that you activate the highest security of your account such as 2FA.

Already, and 2FA does not always save, if the exchange is hacked, there could be no protection. Having a hardware wallet we protect ourselves very well. The main thing is not to lose a piece of paper from the Ledger with passphrases for recovery.

Thats true, thats why its better to separate your funds for HOLD and funds for trading. A hardware wallet is good for long term Hols in my opinion as you are not moving the funds from time to time. You can keep some funds for trading for daily trade but be sure its a legit trading site with 2FA as additional security.

[pedangrusak]

wallet is a place to store all assets and this is very important for all crypro holders. crypto spreads on many wallets is safer than centralized but the drawback is the number of transfer fees for each crypto if it needs to be traded or stored

[Dudeperfect]

Yes, as we all know that crypto industry is all about self-responsibility and hence one should hold himself responsible for the consequences of occurring due to his actions. I am holding my most of the funds in hardware and paper wallets but at the same time, I keep some amount on exchanges and web wallet considering the requirement of liquidity (with the risk of losing entire funds kept online).

[strideynet]

the more difficult they are hidden, the longer they will lie, because it does not allow to bring them at any time)

[Jocuserious]

Actually topic answers already you given this, basically in my opinion if you are holders then you can choice hardware wallet it help you good safety'' and if you are trader then you can choice Exchanger wallet and use 2FA high security.so discussion on your mind what you want him.

[Naughty Princess]

You already answered your question. It is obviously depends if you are a trader or a holder. If you are a holder, the best thing to secure your coins is on hard wallets. If you are a trader, just store it on trusted exchange so that you can easily trade it when needed. Just make sure that you activate the highest security of your account such as 2FA.

Already, and 2FA does not always save, if the exchange is hacked, there could be no protection. Having a hardware wallet we protect ourselves very well. The main thing is not to lose a piece of paper from the Ledger with passphrases for recovery.

2fa's , hardware wallets , strong passwords , etc all of them are the same . when i say the same id say all of them is still useless because no matter how you secure your wallet/account it can still be hacked and you cannot avoid it becuase hackers are verry smart . so overall , the best thing that we can do is to avoid putting huge amount of cash in your wallets/accounts online so that you can avoid unecessary problems that may occur on the future .

Almost of the wallet and exchange are using two factor authentication. if it is not secure your account, I can say that you are not good in securing privates keys of your account. Using authenticator can give satisfying security and secure your accounts and no need for hardware wallets. It is about how you keep important information about your accounts.

[Gagah119]

I think it will be very necessary if your assets are numerous and will be very useful for the security of your wallet, because wallet security is the main priority for people who jump in the crypto world, so I really agree with this.

[dianepot]

If you can afford to buy hardware wallet, then, I think it would be better if you store all your coins in it. When it comes to money, everyone changes. So for the safety of all your assets, I prefer hardware wallets. Better be safe than sorry.

[ghost07]

I think it really depends on your plan on crypto,
If you want to hold it for a very long time then keep it on your hardware wallet to be sure that it is properly secure .
But if you just want some quick profit then just go with the exchanges so you could easily sell your coins or token when you want to get your money back.

[ocid]

yes, I agree with you, of course in crypto asset storage we have the safest thing is to use hardware, besides that one of the most important things is never to tell others about the private key that we have because it will causing hacking.

[wxa7115]

Yes, as we all know that crypto industry is all about self-responsibility and hence one should hold himself responsible for the consequences of occurring due to his actions. I am holding my most of the funds in hardware and paper wallets but at the same time, I keep some amount on exchanges and web wallet considering the requirement of liquidity (with the risk of losing entire funds kept online).

This is something many seem to struggle to understand, it seems people want to have all the rights that come from a completely free currency but they do not want any of the responsibilities and that is simply impossible, how many times we have seen in the forum cases of people that lost all their coins and then they ask how they can get them back as if they did not knew that once your coins are not in your wallet then you have no control over them and no one can do anything about it.

When we take this into account then it is easy to see why a hardware wallet is the best way to store your coins, not only it makes it almost impossible to get hacked but you also get good functionality out of it.

[hulla]

You already answered your question. It is obviously depends if you are a trader or a holder. If you are a holder, the best thing to secure your coins is on hard wallets. If you are a trader, just store it on trusted exchange so that you can easily trade it when needed. Just make sure that you activate the highest security of your account such as 2FA.

Already, and 2FA does not always save, if the exchange is hacked, there could be no protection. Having a hardware wallet we protect ourselves very well. The main thing is not to lose a piece of paper from the Ledger with passphrases for recovery.

2fa's , hardware wallets , strong passwords , etc all of them are the same . when i say the same id say all of them is still useless because no matter how you secure your wallet/account it can still be hacked and you cannot avoid it becuase hackers are verry smart . so overall , the best thing that we can do is to avoid putting huge amount of cash in your wallets/accounts online so that you can avoid unecessary problems that may occur on the future .

So it means almost every person will have same answer, separate it in some wallet online whether it's an exchange or an online wallet. Because if we loss 1 ( hope no one loss in hacked thing ) we still have money in other places.

No exchange sitr is ever secute and no hardware wallet or paper wallet are ever safe this why I agreed with what Bitcoinhunt3r said cause split ones coins are the best way to be. However, setting up a 2fa is just for your account on exchange not to be vunlerable and it does not guarantee ones safety because the first safety come from the holder of wallet and account by avoiding human error.

[fosco333]

For me, i prefer to using single wallet but very secure like hardwallet than using many exchange / other wallets.
Using wallet on the exchange will not make your coins more secure, there were some problems in several exchanges too.
Use hardwallet, but never expose it's key or seed, and buy it from the most reliable seller.

[walemil]

Leaving your coins on the exchanges makes you vulnerable to attacks of the hackers. Hardware wallet is the best to secure your wallet. If you can't afford a hardware wallet, I suggest you you should use more than one wallet so that you won't lose all your coins at once if there is any attack.

[miropp]

If we talk about security, it is best suited hardware wallet. So your assets will definitely be safe. On the exchange, you can only hold funds if you are engaged in trading. It can be dangerous to leave them there for a long time.

[DanieIssac]

Hard wallet is an offline USB thumb drive that stores confidential information similar to a wallet and can be plugged into a computer when needed. With a wallet on the safety level because when you make a transaction, the wallet asks you to confirm the transaction by pressing a button on your device. One thing that hackers also have to bother. I am quite happy with it

[jcarlo]

Putting all our coin in one place is very risky. Hard wallet is good and safe but if we lost it, its will be a problem. Better we store our coin in different place and keep our private key safe