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Author Topic: Holding coins  (Read 2336 times)
dalexc
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January 04, 2019, 04:21:46 PM
 #101

Holding my coins on the offline wallets for long-term holdings. I think offline wallets are best for holding coins safe.  For short time holding and trade, I hold my coins in different exchanges.
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January 04, 2019, 05:17:36 PM
 #102

Holding my coins on the offline wallets for long-term holdings. I think offline wallets are best for holding coins safe.  For short time holding and trade, I hold my coins in different exchanges.

that is the most secure way of holding coins storing it on the offline wallets like hardware wallets, I have a worse experience in storing coin in an exchange, the exchange delisted the coin that I am holding for almost a year so it is not advisable to store coins in exchange for holding.
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January 04, 2019, 05:30:15 PM
 #103

Holding my coins on the offline wallets for long-term holdings. I think offline wallets are best for holding coins safe.  For short time holding and trade, I hold my coins in different exchanges.

that is the most secure way of holding coins storing it on the offline wallets like hardware wallets, I have a worse experience in storing coin in an exchange, the exchange delisted the coin that I am holding for almost a year so it is not advisable to store coins in exchange for holding.
If you do so you will be forced to keep monitoring your assets, just like what happen to you mate the coin got delisted if you monitor the coin movement you will be able to avoid or you will be able to transfer your coins to another wallet or exchange where you can safely monitor it again, but experience will made us more furious in terms of securing our assets as it is our hard earned money which we need to be well kept.
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January 04, 2019, 07:24:01 PM
 #104

Holding my coins on the offline wallets for long-term holdings. I think offline wallets are best for holding coins safe.  For short time holding and trade, I hold my coins in different exchanges.

that is the most secure way of holding coins storing it on the offline wallets like hardware wallets, I have a worse experience in storing coin in an exchange, the exchange delisted the coin that I am holding for almost a year so it is not advisable to store coins in exchange for holding.
I think it depends on what coins you hold, but holding coins with low volume have risk to get delisted anytime. And before it get delisted, we member get notification which coin will get delisted so we can take action with that coin.

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January 06, 2019, 08:17:28 AM
 #105

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?
Everyone has the kind of wallet they will prefer to make use of, but I wouldn’t choose an exchange wallet cause they usually get hacked, though not all exchanges. There are some exchanges that has never been hacked since they started business, but still you have to be careful and choose hardware wallets like Nano ledger.
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January 06, 2019, 08:36:26 AM
 #106

although many people who say that storing our coins in exchange is risky, I keep them in exchange for reasons that can be easier to trade.

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January 06, 2019, 11:18:34 AM
 #107

although many people who say that storing our coins in exchange is risky, I keep them in exchange for reasons that can be easier to trade.

Holding coins is very easy but when we are selling that it will be very difficulties to us because we are not holding the better one this will the reason lots of people made last in their life and hold the better one it will be the right way.
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January 06, 2019, 11:42:48 AM
 #108

I am a trader and keep crypto while in a wallet exchange like binance it is safe for me but if for a long-term investment, I will choose an offline wallet that has proven security. because wallet security is the most important thing in crypto

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January 06, 2019, 12:09:53 PM
 #109

although many people who say that storing our coins in exchange is risky, I keep them in exchange for reasons that can be easier to trade.
Maybe what was meant by the OP is for investment not for trading. Yeah it's very funny when you trade but you store it in the hardware wallet, this doesn't make sense.

Unless, You choose for long term investment then the best place to store your coins is the hardware wallet. Even though there are only a few exchanges that are hacked but a wary when you intend to investing is very important, you won't know what will happen afterwards.

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whirlcoin
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January 06, 2019, 01:02:30 PM
 #110

although many people who say that storing our coins in exchange is risky, I keep them in exchange for reasons that can be easier to trade.
Maybe what was meant by the OP is for investment not for trading. Yeah it's very funny when you trade but you store it in the hardware wallet, this doesn't make sense.

Unless, You choose for long term investment then the best place to store your coins is the hardware wallet. Even though there are only a few exchanges that are hacked but a wary when you intend to investing is very important, you won't know what will happen afterwards.


If you are not using the best currency then folding will be definitely waste of time and waste of work so choosing the right currency is always very important when entering to trading this will be recommended by lots of people to do this lots of mistakes like this so don't make this mistake again.
nicolas1979
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January 06, 2019, 02:20:36 PM
 #111

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?

Many people already discuss this and they have different opinion but most of them like with MEW and never safe their asset into exchange or external wallet. Every wallet have different system and performance but same purposes, all you need to do is just try. Keep safe your wallet by never share device or network, never click any suspicious link and always pray for the best.

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UmerIdrees
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January 06, 2019, 04:48:49 PM
 #112

although many people who say that storing our coins in exchange is risky, I keep them in exchange for reasons that can be easier to trade.

You can keep the coins in exchange but keep them in good exchanges like Binance or bittrex. It is risky to store the coins in small exchanges as they can scam anytime and one may lose his money. Also if you have good amount of btc it is advisable to store only the amount of btc in exchanges with which you wana buy altcoins and keep the rest of btc in your hardware wallet or cold storage.

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January 06, 2019, 04:56:31 PM
 #113

If you are hodling def first keep the majority in cold storage, maybe if you want to play around with trading keep a small amount on an exchange like binance but nothing crazy that will hurt you if you make bad trades.
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January 06, 2019, 06:47:55 PM
 #114

Holding coins is the best option right now, because current market is not good to sell. Now the market is not good to sell just hold and wait with patience. Once the market is back at that time you can sell and earn good profit. Don't worry about current situation just hold till the market returns.
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January 06, 2019, 09:26:54 PM
 #115

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?

In my opinion personal wallet is the best option for holding coin. exchange is not a good option for holding coins or tokens. because you don't know about owner and if somehow they dilist the coin from there exchange it'll be gone (sometimes). but personal wallet it just use by only you. that's why i prefer personal wallet.
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January 06, 2019, 11:23:44 PM
 #116

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?

When it comes to holding your coins never trust anything online because anything can happen whether exit scam or hacking issues. I suggest you should try storing your coins on hardware wallet such as Ledger wallet, Trezor wallet, or Keepkey wallet. Never trust exchanges because anything can happen over a night.

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January 06, 2019, 11:34:09 PM
 #117

When it comes to holding your coins never trust anything online because anything can happen whether exit scam or hacking issues. I suggest you should try storing your coins on hardware wallet such as Ledger wallet, Trezor wallet, or Keepkey wallet. Never trust exchanges because anything can happen over a night.
[/quote]
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?


that's truly correct mate but i remind those people using want to use hardware wallet or trezor wallet make sure they keep their key at most safety to make not to lose because their can'y retrieve the key to open your hardware wallet.

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January 07, 2019, 02:07:54 AM
 #118

 I would suggest using a nano ledger.
Keep note of public addresses and you can track your wallets on the respective block chains. For instance, to check erc20 tokens, go to etherscan and put your public address in search field
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January 07, 2019, 03:15:39 AM
 #119

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?

When it comes to holding your coins never trust anything online because anything can happen whether exit scam or hacking issues. I suggest you should try storing your coins on hardware wallet such as Ledger wallet, Trezor wallet, or Keepkey wallet. Never trust exchanges because anything can happen over a night.
That's the thing we should put in mind, we have to store our precious coins offline, to ensure that it'll be safe from hacking.
I know there are some offline hardware where you can buy, just spend a little amount to protect your money, so you'll be confident that it's all safe than regret later. Hacking is popular in crypto, fight this by being safe all the time, do this so you can really hold for long term.

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January 07, 2019, 05:32:12 AM
 #120

Anything over $20 goes directly into cold storage. Sometimes I change this amount, but it's always a low amount. I'm not risking losing anything more than $100 USD; as such, not really considered closed or open source.

For the wallets I do use, I use only open source wallets. I wouldn't trust anything in Bitcoin that isn't open source TBH. Other software vendors in other industries may be able to get away with it, but with BTC (or other cryptos) the risk is just too real.

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