Holding coins

[proTECH77]

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?

The above mentioned storage are good for one to store his/her coins but how safe are they to cryptocurrency. I have always wanted my coins be stored in an open source were i personally double checked the codes used to create the wallet before store my valuable coins. Open source wallet are still the best apart from hardware storage devices, the open source are not prune to hackers so easily unlike in the case of close source wallet and exchanges which are be hacked on daily basis.

[Sinone]

I love to store my coins in hardware wallet which is the best way to store coins safely. Personally, I do not feel safe in a web-based wallet even don't like to exchange rather than hold my coins. To control my private keys hardware wallet is the best and very safe what I believe.

[Nonie]

all have the risk of hackers I prefer the market because I think market security is better than an ordinary wallet. but my friend said ledger is the best wallet if you want to save your coins

[Willitivity]

My approach to storage and medium for holding depends on my plans at the moment. If am actively trading a coin frequently then I will leave it in the exchanges for that period of time rather than moving it to and fro. But for long term keep, I prefer private wallet that I control the keys.

[thinkright]

I have been using mobile wallets for sometime now I have not faced any problems. It's all about due diligence and being vigilant. However, there are other safer and better alternative for storing your digital assets

[Klausi]

all have the risk of hackers I prefer the market because I think market security is better than an ordinary wallet. but my friend said ledger is the best wallet if you want to save your coins

Yes you're right that ledger is the best but actually it's not actually best in general, because I can see it's one of them. There's a lot of wallet to prefer of and I couldn't make that final conclusion at all. The preference of every people who been using such wallet for the safety of their holdings depends on how they manage it, without any fear of being hacked. Mew is just enough for me as safe storage as long as I got my private key at safezone.

[faceoff97]

I choose to store my coins in wallet which I control the private keys. I rarely store my coins in exchanges, unless the amount is small and there is no point paying for the withdrawal fees.

This is why I think people should be encourage to make sure that tgey have the contol of their private keys. This is the reason why I keep hearing discouragement on storing funds in exchanges or any close source wallet. Someone referred me tge Hodler wallet and this makes me feel even more secure and safe about my assets.

[Goldleader]

Yes I'm holding but at same time I'm lending some coin to generate some income

[pinkpanther03]

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?

So far, for what I did now I hold some of my coins in the other exchange platform like Kucoin, Cryptopia,  Waveswallet and for the storage wallet

Myetherwallet, Nem wallet, and Electrum wallet. Just make sure you keep your password and private key and activate your 2Fa to avoid hacker.

[panjul07]

I choose to store my coins in wallet which I control the private keys. I rarely store my coins in exchanges, unless the amount is small and there is no point paying for the withdrawal fees.

This is why I think people should be encourage to make sure that tgey have the contol of their private keys. This is the reason why I keep hearing discouragement on storing funds in exchanges or any close source wallet. Someone referred me tge Hodler wallet and this makes me feel even more secure and safe about my assets.

Holding your coins for long time in exchanges is not recommended as exchanges is not a wallet for that purpose. Exchange is still exchange, a place that we should use for exchanging/trading only. Indeed there are so many trusted exchanges, but for holding purpose is always better to use a wallet that we have full control of our assets. For those who have limited funds to buy hardware wallet such as ledger or trezor, there are some safe desktop wallet to store our bitcoin such as electrum and bitcoincore. I myself using electrum and obviously we should add extra security by setting 2FA on the wallet.

[signup01]

holding a coin is a great way to get the desired benefits but you have to hold the top coin. because the top coin to experience a high price increase is very easy, because there are already many successful investors by holding the top coin

[izanagi narukami]

In crypto everything work with internet so when everything went in internet, hacker always there so we must be more careful to put your money.
Usually I'm not place all of my crypto in one place, personally I have local exchange, blockchain,electrum,and multibit.

Using hardware like ledger can be the alternate choice as long as you keep your eye on it because when it's vanish, you will loss for good !

[Rohtox]

I think the personal wallet is safer because we hold the privat key, when compared to the market which a few months ago there were many issues about market hacking I was hesitant to save it on the market because of that

[syamster]

I think the personal wallet is safer because we hold the privat key, when compared to the market which a few months ago there were many issues about market hacking I was hesitant to save it on the market because of that

Well hacking is not an issue if we keep our eyes open and if we don’t share our personal data with unknown. It is good that we have allot of wallets which can be use to solve the security issue of our investment. Mostly people use block chain which is not hackable. So in crypto never share your privacy with anyone.

[1Referee]

Mostly people use block chain which is not hackable.

It may not be hackable from Blockchain's side, but it certain IS hackable from your side. On top of that, the Blockchain wallet is redundant. There are much better mobile wallet clients out there, and an added benefit of these clients is that they also support Segwit, which Blockchain doesn't and probably never will due to toxic politics games.

I'm personally using the Electrum mobile wallet client, and while its UI may not be as sleek as the one from Blockchain, it works perfectly and supports every address format. Blockchain's lack of Segwit support means that you can't send funds to a native Segwit address starting with bc1. In other words, they are censoring your payments to a certain degree. Not good.

[Kasabus]

holding a coin is a great way to get the desired benefits but you have to hold the top coin. because the top coin to experience a high price increase is very easy, because there are already many successful investors by holding the top coin

They became successful because they aren't affected with the FUDs and the declining status of the market.  They stay positive and look the opportunity while prices is low.  Listening to bad news will affect our decisions and lead into selling our coins.  Unlike them,  they just keep it in holding and relax.

[faceoff97]

I choose to store my coins in wallet which I control the private keys. I rarely store my coins in exchanges, unless the amount is small and there is no point paying for the withdrawal fees.

This is why I think people should be encourage to make sure that tgey have the contol of their private keys. This is the reason why I keep hearing discouragement on storing funds in exchanges or any close source wallet. Someone referred me the Hodler wallet and this makes me feel even more secure and safe about my assets.

Holding your coins for long time in exchanges is not recommended as exchanges is not a wallet for that purpose. Exchange is still exchange, a place that we should use for exchanging/trading only. Indeed there are so many trusted exchanges, but for holding purpose is always better to use a wallet that we have full control of our assets. For those who have limited funds to buy hardware wallet such as ledger or trezor, there are some safe desktop wallet to store our bitcoin such as electrum and bitcoincore. I myself using electrum and obviously we should add extra security by setting 2FA on the wallet.

Totally agree. I think a wallet could have an extra security if it is going to be open source. Good that you mentioned Electrum, this is a good option if you only want to use bitcoin, if you also plan to use ETH, erc20 tokens or other altcoins HODLER is a good multiwallet option because unlike other multi wallets it is fully open source.

[nasipadang]

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?

where I hold the coins depends on my needs, for example if the market is good for trading then I will definitely save/store my coins on an exchanger, and vice versa. The exchanger advantages and disadvantages I am very attentive to this especially I tend not to use exchanger or wallet that has been hacked and cases like funds lost.

[BitcoinHunt3r]

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?

I use ledger nano and local exchanger to hold coin. I think it is already safe for me because i put 2fa on that site, and can get help easily maybe because the office is on my city too.

[Joyawan13]

a very good time for me now to choose and hold coins that we think have the potential to be able to quickly grow and develop in the future, many of today's coins have the potential that has lowered the price, so immediately buy and save, while the coins are now have not raised the price at a higher price again.