Holding coins

[bering]

I still believe in online wallet and exchange wallet and luckly i was never got hack during use them and my funds were safe indeed i do realize using online wallet is very risky especially for long term saving but for me all of current online wallet already have high of securities system and got hack or not depend on our habit when we use that

[Rebisco]

I still believe in online wallet and exchange wallet and luckly i was never got hack during use them and my funds were safe indeed i do realize using online wallet is very risky especially for long term saving but for me all of current online wallet already have high of securities system and got hack or not depend on our habit when we use that

Your experience proved that we should always find a trusted wallet that we can ensure that our cryptocurrencies are safe. There are now many exchanges that are been hacked because of low security.

[begau]

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?

Depending on the preferences of each person they choose to keep the coins. I usually keep the coins that I trade regularly on Exchanges sites. Because it is very convenient for everyday buying and selling. The coins I hold long-term I keep in Myetherwallet wallet.

[Life_time_student]

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?

Ledger Nano S is a USB sized cryptocurrency hardware wallet which is best for Ethereum transactions. It is multi-asset hardware which looks like a folding flash drive. The best part is that it can store Bitcoins, Ethereum, Ethereum tokens and more than 30 other digital currencies. It works like a USB device, which when connected to the device needs the device to confirm transactions.

[The Cryptologist]

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?

You need to really have a huge amount of time if you are going to store your coins in a specific wallet because it always needs to be updated in the latest block. For me, I store them in a reputable exchanges and I was suprised that a not so famous one like Cryptopia are not hacked so I think we should really blame the devs whenever they get hacked on their exchange.

[KnightElite]

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?

If your plan is long term investment, then it is better if you will just store your cryptocurrencies in hard ware wallet. There are many risks that you are going to face if you will store your cryptocurrencies in exchanges.

[lagoon88]

Well, there are a plenty of options to hold your coins, I am using myetherwallet to hold my coins. It is very easy to use and safe too. You can use it with metamask for added security.

[legenduim]

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.

I choose trading when I work with cheap altcoins, and I prefer to hold more expensive tokens (more valuable) and Bitcoin. For me, the best variant is to hodl BTC for at least 5 years.

[adzino]

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?

NEVER store your coins on exchanges for holding/long term storage. There is no guarantee about what is going to happen to your coins. No matter how much they insist that they are extremely safe, it is never a wise thing to store on an exchange wallet. They are always prone to hacks and can run away with your coins whenever they want. Remember, if only you do not own the private keys to your wallet, you do not own the coins!

[DarkIT]

so far, I have withheld assets that I have in myetherwallet, and local exchangers. Well, I think it's the safest place I feel. even the bitcoin that I have, I save it at the local exhcanger. so far, I know that local exchangers in my country are truly official and responsible.

[Aivaryamal]

I store my tokens on exchanges about 10-15%, 60% on online wallets, and cold storage has not even started to use

[millensharon8]

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.

As long as it is even an asset, losing it should not even be an option because even if you think the amount it is now is small, in the next couple of years, you would end up finding out what you lost could have amounted into something huge. I guess those who lost their bitcoin when it was less than a dollar would have that to attest to at this stage even with how bitcoin is low today. This is one good reason why for long term holders, it is always very necessary to make sure you are using a wallet where you have full access to your assets and cannot easily get exposed to vulnerabilities.

[eaglewhite80]

I still believe in online wallet and exchange wallet and luckly i was never got hack during use them and my funds were safe indeed i do realize using online wallet is very risky especially for long term saving but for me all of current online wallet already have high of securities system and got hack or not depend on our habit when we use that

Apparently, you have not ended up having an experience with one in the past and how so quick you can manage to lose all that you have in a twinkle of an eye if anything happens to the exchange you are keeping your assets on. Even the most reliable exchanges today should not be 100% relied on as anything can still happen. Exchanges are centralized and even though there are some securities in place, that does not mean you should completely put all your funds in them, that is not a good call for a smart investor at all. In fact, if you are not a trader, you should have no business when it comes to putting any funds at all in an exchange, and if you are a trader, you should only be trading what you know you can afford to lose.

[milewilda]

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?

NEVER store your coins on exchanges for holding/long term storage. There is no guarantee about what is going to happen to your coins. No matter how much they insist that they are extremely safe, it is never a wise thing to store on an exchange wallet. They are always prone to hacks and can run away with your coins whenever they want. Remember, if only you do not own the private keys to your wallet, you do not own the coins!

Just to add up, even storing up your own coin holdings into your own wallet which you do possess on its own private do still have the tendency on getting hacked if you are careless.How much more for those exchangers that you dont have the full control of your coins since you are just using up their platform on storing.This had been a common advise after all these years that never ever consider for exchangers to be an option when you select
on where you do let your coins sit for a long periods of time.

[CryptoPowerL]

I do not hold all my coins in one place. All my assets are distributed in different exchanges, wallets. I also advise people not to keep everything in one place. Your wallet can ever be hacked and then you lose everything at once.

[panjul07]

I do not hold all my coins in one place. All my assets are distributed in different exchanges, wallets. I also advise people not to keep everything in one place. Your wallet can ever be hacked and then you lose everything at once.

Even if you keep your coins in different exchange and/or wallet, there is still a chance that you can lose it all once your PC is hacked. So storing your assets in different places is not enough, you need to focus more on your security system. Make sure that your PC is protected well, don't be used to visit any unknown links, and obviously set a 2FA on every wallet you own.

[omonuyak]

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 have been holding my bitcoin at blockchain.info and I never have any problems with them.  My ethereum is also hold in myetherwallet also I never have problems using any of this.  I also store all my tokens at myetherwallet and what I do carefully with is my private keys.

[Barbut]

I hold coins on many places, online wallets, hardware wallets, exchanges, depends what plan I have with them. If they are for longterm holding I always choose hardware wallet, I like to have private keys, without them its like you dont have coins at all, they can disappear just like that. But I like to trade, for that sometimes I feel I need to do things quickly so I have some amounts in my online wallets. On exchanges I have some of my picks from alts, I hold them there and I plan to sell them when price changes, i don`t like to transfer them a lot cause I lose a lot like that, its risky, but choosing the right, trustful exchange calm me down.

[Yamifoud]

I do not hold all my coins in one place. All my assets are distributed in different exchanges, wallets. I also advise people not to keep everything in one place. Your wallet can ever be hacked and then you lose everything at once.

Even if you keep your coins in different exchange and/or wallet, there is still a chance that you can lose it all once your PC is hacked. So storing your assets in different places is not enough, you need to focus more on your security system. Make sure that your PC is protected well, don't be used to visit any unknown links, and obviously set a 2FA on every wallet you own.

Having 2FA as a security access will give a hard time for any hackers to collect all our coins. That is why it is usually required for any exchanges across but some individuals won't believe this, in fact,  they just ignored all the awareness given.
The real security is come along with us, on how we handle or keys and even allowing others to used our PC.

[joromz1226]

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?

Depending on the coins you are holding, if you have bitcoin better to keep it on a ledger nano or Electrum. But if you hold altcoins it is much better to use coinomi or Myetherwallet or shapeshift though you can also use an address in the exchange as long as you activate 2FA so that it may not steal by the hackers in the end.