LOLpenguin
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Activity: 51
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I like crypto podcasts...
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February 20, 2019, 02:54:39 PM |
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Exchanges are definitely not the best places to store your funds, especially if you are more of a long term holder. The number of news pieces talking about exchanges being hacked is getting ridiculous. Keep your crypto on secured devices like Ledger Nano or BitWings' Wings WX phone. You can never be too secure in the world of crypto.
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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btcbob1
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February 20, 2019, 02:58:27 PM |
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Exchanges are definitely not the best places to store your funds, especially if you are more of a long term holder. The number of news pieces talking about exchanges being hacked is getting ridiculous. Keep your crypto on secured devices like Ledger Nano or BitWings' Wings WX phone. You can never be too secure in the world of crypto.
Have heard about Ledger but what's the phone? sounds interesting |
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LOLpenguin
Copper Member
Newbie
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Activity: 51
Merit: 0
I like crypto podcasts...
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February 21, 2019, 10:31:43 AM |
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Exchanges are definitely not the best places to store your funds, especially if you are more of a long term holder. The number of news pieces talking about exchanges being hacked is getting ridiculous. Keep your crypto on secured devices like Ledger Nano or BitWings' Wings WX phone. You can never be too secure in the world of crypto.
Have heard about Ledger but what's the phone? sounds interesting Here's a thread I found about them https://bitcointalk.org/index.php?topic=5110359 |
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Coin-Desk
Member
Offline
Activity: 182
Merit: 10
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March 02, 2019, 07:40:10 AM |
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I keep all my cryptocurrency deposited in a desktop wallet. Because I do not believe in an online wallet. Because the online wallet server may be down at any time. So if the online wallet server is down during the time of need, then I can not lift my cryptocurrency. And the online wallet's website can be closed at any time.
Then lose all cryptocurrency. Again the online wallet is blocked. Then there is a lot of trouble. So I think the online wallet is not good for the cryptocurrency. The best desktop wallet has to keep corruption and not get any trouble, but there are many benefits. Anytime, desktop wallet corruption can be withdrawn.
Best regards,
Coin-Desk
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faceoff97 (OP)
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March 26, 2019, 10:50:04 PM |
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I keep all my cryptocurrency deposited in a desktop wallet. Because I do not believe in an online wallet. Because the online wallet server may be down at any time. So if the online wallet server is down during the time of need, then I can not lift my cryptocurrency. And the online wallet's website can be closed at any time.
Then lose all cryptocurrency. Again the online wallet is blocked. Then there is a lot of trouble. So I think the online wallet is not good for the cryptocurrency. The best desktop wallet has to keep corruption and not get any trouble, but there are many benefits. Anytime, desktop wallet corruption can be withdrawn.
Best regards,
Coin-Desk
There is hardware version of Hodler wallet. It has better feature than their free open source app available in desktop and Android. They developed a more secure wallet base on smartphone. You can read more about this wallet here, it's their pro version of their initial release: www hodler.tech/pro |
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marketone
Legendary
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Activity: 1302
Merit: 1000
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March 27, 2019, 04:50:33 AM |
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Exchanges are not good for holding coins because we have seen many hacks in the past, of course, there is a reputable exchange but it is always good to hold the coin in our control instead of giving control to others. Yes, MEW is the best wallet for holding the coins because i have been using it for more than a year now.
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Aivaryamal
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March 27, 2019, 05:16:57 AM |
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You always need to use several storage options, it is convenient to sell on exchanges immediately, if the cryptocurrency has grown well in price, and cold wallets can also be lost
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michellee
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March 27, 2019, 02:36:52 PM |
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Exchanges are not good for holding coins because we have seen many hacks in the past, of course, there is a reputable exchange but it is always good to hold the coin in our control instead of giving control to others. Yes, MEW is the best wallet for holding the coins because i have been using it for more than a year now.
You are right. It's better if we have a separate wallet. Or we can buy hardware to save the coins we have so we don't have to be afraid of the hacking. MEW is also a good wallet to save many tokens, but I still prefer to use the hardware wallet. Don't save all amount in the exchanges if you don't use it for trading because we don't know if the market will always be safe from the hacker. |
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shanghai
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March 27, 2019, 06:25:17 PM |
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I think almost all of us keep our currencies in private wallets. because its influence is very large. I keep myetherwallet currencies instead of exchange pages because I'm afraid the hackers will attack.
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hyunee
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March 27, 2019, 07:01:11 PM |
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Coins should always be considered in a safe storage, there are lot of wallets and platform that could be used to hold coins, both of this has good side and bad. Where will you choose to store or hold your coins, in a close source wallet (exchanges) or an open source wallet like electrum and Hodler wallet?
Depends on the coins I should hodl. If the wallet I'm using has the coin I wanted to hold then I'll use that coin. If it doesn't I'll find a wallet or exchange that has that. |
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yvesp110
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March 29, 2019, 07:30:46 PM |
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Exchanges are not good for holding coins because we have seen many hacks in the past, of course, there is a reputable exchange but it is always good to hold the coin in our control instead of giving control to others. Yes, MEW is the best wallet for holding the coins because i have been using it for more than a year now.
Electronic wallets are best in this regard. You can’t let anyone else to guard your money when you yourself can have good surveillance over them. Coins are precious and everyone is looking up for some loopholes and leakage point in your actions so that they can take advantage of it. Although not everyone is clumsy but mostly this comes on the screen. So try to work yourself for the safe guard of your coins. |
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cryptjh
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March 29, 2019, 07:54:44 PM |
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Some coins are easier to hold on an exchange, if you just plan to trade the coins for a few days or week, then just use your exchange wallets, unless it's for you is a huge amount of the coin you plan to hold.
But generally, only hold a small amount of your crypto on an exchange.
For coins like bitcoins you want to hold for years, get a good wallet, a hardware wallet are great to keep crypto on, and they support many different coins.
If you holding coins with staking rewards, then download that coin's wallet, and start staking.
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BitcoinHunt3r
Legendary
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Activity: 2926
Merit: 1155
Leading Crypto Sports Betting & Casino Platform
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March 29, 2019, 08:50:17 PM |
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Coins should always be considered in a safe storage, there are lot of wallets and platform that could be used to hold coins, both of this has good side and bad. Where will you choose to store or hold your coins, in a close source wallet (exchanges) or an open source wallet like electrum and Hodler wallet?
Depends on the coins I should hodl. If the wallet I'm using has the coin I wanted to hold then I'll use that coin. If it doesn't I'll find a wallet or exchange that has that. Maybe limited wallet or maybe not all wallet that support a token or maybe a coin to save in there. So people use exchanger to save their money and then must take all risk behind it. So maybe in future there are a lot of e-wallet that can support everything. |
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Moiyah
Member
Offline
Activity: 630
Merit: 20
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April 29, 2019, 02:41:50 AM |
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I have some coins in some open source wallet like binance exchanges and others but I never planned to stay them there longer. When I think I have enough funds to transfer to an closed source wallet, then I may transfer it right away. More safe and reliable than the latter one. This may keep my bitcoin as my long term investment.
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ufaiz50
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April 29, 2019, 04:00:54 AM |
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Coins should always be considered in a safe storage, there are lot of wallets and platform that could be used to hold coins, both of this has good side and bad. Where will you choose to store or hold your coins, in a close source wallet (exchanges) or an open source wallet like electrum and Hodler wallet?
I prefer to save or hold exchangers, because that's easier and doesn't use many transactions in transferring funds, especially so far my funds are still safe from loss(hacking). Other than that, if we store in exchangers we will not miss the moment of flash pump or dump. |
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TopT3ns
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April 29, 2019, 04:28:24 AM |
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Coins should always be considered in a safe storage, there are lot of wallets and platform that could be used to hold coins, both of this has good side and bad. Where will you choose to store or hold your coins, in a close source wallet (exchanges) or an open source wallet like electrum and Hodler wallet?
I prefer to save or hold exchangers, because that's easier and doesn't use many transactions in transferring funds, especially so far my funds are still safe from loss(hacking). Other than that, if we store in exchangers we will not miss the moment of flash pump or dump. As long that exchanger really trusted and we already sure to save money in that place, i think it is not wrong. Even a lot of people said that if we save money in exchanger, we not control our money, we don't have any choice especially traders who trade anwhere and anytime. |
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Pattart
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April 29, 2019, 06:48:10 AM |
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now I hold a BTC coin, I hold a BTC coin with a long term, if we use BTC investment in the long run it will definitely get a lot of profits, the coins I invest are BTC coins
therefore from now on there are many people who hold bitcoin in the long run because he believes that someday he will get a big profit. because this year until the coming year bitcoin will definitely be better than last year One condition you must have in this strategy is to be patient, nothing else is needed in holding besides being patient. I'm sure if you have high patience, profit is only a matter of time. and for number 2 you must have confidence in bitcoin. |
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QueenW
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April 30, 2019, 01:44:25 AM |
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It all depends on the amount. If it is large, then I keep the coins in a cold wallet, and if the amount is small, then it can be kept on the exchange.
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kudil
Member
Offline
Activity: 1092
Merit: 29
'Free as a bird'
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April 30, 2019, 05:14:48 AM |
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I have some coins in some open source wallet like binance exchanges and others but I never planned to stay them there longer. When I think I have enough funds to transfer to an closed source wallet, then I may transfer it right away. More safe and reliable than the latter one. This may keep my bitcoin as my long term investment.
Yeah same with me, I guess it's good but yeah we should careful to choose exchange for save our assets. At least trusted and famous exchanges, personally I was save my assets on Indodax, I trust it because its exchanges from my country. |
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Kasabus
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April 30, 2019, 09:29:01 AM |
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It all depends on the amount. If it is large, then I keep the coins in a cold wallet, and if the amount is small, then it can be kept on the exchange.
I'm not doing it if I were you. Small amount can have big value in the future, so if you are holding it for long term, it's wise to store it in cold wallet. |
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