Keep your assets safe as the Bull run draws nearer

[cabron]

Disappearing while bullrun is coming wouldn't be profitable for that exchange, it will only sound stupid of them to do that. The exchange would rather be doing it when the bears took over the market already but who knows they might just be quitting.

[royalfestus]

I feel we have more hack in the bear than in the bull, the big exchanges are far stronger than the average exchanges,with well secure wallet and big money backup. Location of exchanges also matter with different regulation from these locations, USA exchanges take more responsibility for security and are open to good human resource. Holder security will be from hardware and close allies that have access to their device, also phishing could be common in recent day.

[S4VV4S]

Disappearing while bullrun is coming wouldn't be profitable for that exchange, it will only sound stupid of them to do that. The exchange would rather be doing it when the bears took over the market already but who knows they might just be quitting.

Actually if they want to run away our assets, then there is no need to wait for the Bearish or Bullish situation, they will immediately give the reason that their Exchange was hacked. I agree with the OP that after the trade, don't store assets in the Exchange, but it's better to store them in a hardware wallet like Ledger or Trezor.

[TWW]

Disappearing while bullrun is coming wouldn't be profitable for that exchange, it will only sound stupid of them to do that. The exchange would rather be doing it when the bears took over the market already but who knows they might just be quitting.

Actually if they want to run away our assets, then there is no need to wait for the Bearish or Bullish situation, they will immediately give the reason that their Exchange was hacked. I agree with the OP that after the trade, don't store assets in the Exchange, but it's better to store them in a hardware wallet like Ledger or Trezor.

it will be safer. but sometimes I prefer saving money in exchange for my daily trading. not all of my money, but only the assets that I use as trading capital. when it's finished and I want to switch exchanges I will withdraw it. I make such a turnaround and rarely trade in exchange for the same assets and for a long time.

[kambaralikhan]

Yes 2020 has shown signs that bull run is somewhere around so this is a good idea to keep things ready before time instead of rushing in panic and that could be the reason of errors and in digital currency errors are very costly. Moreover that hacking attempts also increase during bull run so stay safe.

[themistocleess]

From the beginning of this year we heard the same thing that the bull run will start, according to crypto analyst and experts the expectation of bull run will come true this year and current fluctuation in prices is the sign that the market is going toward a positive trend and hopefully break all the records

[Baimovic]

Yes, recently the price of bitcoin and other top altcoins has begun to improve, price spikes have begun to be seen in the CMC market. but whether this is called approaching the BULL market or maybe just a market correction, I don't know the certainty. it's important for anyone including you not to panic, always monitor your assets, and sell when opportunities arise or when your coins surge at high prices.

[jacafbiz]

Dear bounty hunters, and traders in the house. The year 2020 has been positive and we have been experiencing price surge lately.

We look forward to even more price surge or a bull run in the coming weeks, but do not lose guard while using exchange platform to trade.
Always withdraw your assets from exchanges after trade.

Because some exchanges have the potential to disappear after a little price moon.

NB: Just my opinion and thoughts tonight, and i am not pointing fingers towards any exchange.
Open to be educated further more.

Thanks

Thanks for this reminder, as the bull run get momentum more scammers are going to be attracted to te space and some people are going to be scammed, by exchange, wallet phishing and other HYIPs program. Just know that what you have in your wallet is what is truely yours, those on exchanges or in a program or even ICOs are not yours

[ife2020]

I dont reccomend to store you crypto even on the most trustworthy exchange. They can block it without any reason

If you so not participate in any fraud behavior and the exchange does not exitscam
I don't think any exchange can block you without reason

[antsam]

Hopefully this year 2020 is a bright year for the crypto world, I am optimistic to see the current price movements also moving up. All are waiting for Halving bitcoin which will happen this year.
It is not wrong to store tokens or coins on an exchange if the exchange is a large and trusted exchange

[bering]

Always withdraw your profit and not save all of your funds into exchange i think this is common advices from people that they try to warn people from scam exchange but for temporary putting all of your money to the exchanges also fine but only choose trustable exchange which have good reputation and lately not difficult to find it because some of good exchange are trustable and never attempts to stole people funds unless someday the hackers can hacks them

[lienfaye]

Well its not advisable to store your coins in exchanges if you're not going to trade it even how reputable the exchange is.

There's always possibility of hacking that might put our assets at risk hence better safe than sorry.

Now that it seems bull run is starting we have to be cautious and make sure to keep our assets secured in a wallet wherein we hold our private keys.

[bgaf]

Thats a precaution for everyone. Almost all cases of scam or breached accounts has been filed and happened mostly on some exchange market. People should be reminded how dangerous to store funds in a 3rd party firm or app that has control over your asset. Yeah maybe exclusioms of those huge projects but it is noted in thr past how vulnerable and many cases happened about scam and breached became a trend. Even the number 1 Binancr got compromise losing lots of funds of the users.

[thisnewcoin]

I agree with your points. It is normal to think like that because I heard many exchanges are running under huge loss, so, if the crypto price keeps mooning then they may leave the community and scam anytime by recovering the loss! Therefore hackers are being active again as everyone's portfolio is jumping up! So, this is the right time to buy a hardware wallet first who still haven't bought it. 

[Lantind]

Hopefully this year 2020 is a bright year for the crypto world, I am optimistic to see the current price movements also moving up. All are waiting for Halving bitcoin which will happen this year.
It is not wrong to store tokens or coins on an exchange if the exchange is a large and trusted exchange

That's right, I also store a lot of valuable tokens in a trusted exchange, and occasionally I also use these tokens as capital for daily trading, because now many tokens that are already popular are starting to rise in price slowly.

[OrangeII]

at this time, I am really making savings on my assets. Well, if I don't really need money, I won't make any withdrawals. however, the current conditions are really important to hold the assets that we have. I am pretty sure that the bull run will arrive when the price of bitcoin is above $ 13000. after that, the price of altcoin will increase rapidly. I'm pretty sure the development will really become bigger.

[tiang_tower]

Yes it is best option to stay safe when it comes to cryptocurrency. The crypto market has also scam and fake projects be them crypto exchanges or ICO, IEO or ITO. There are instances that some crypto exchanges that are fleecing traders in a way or another. I want to name a crypto exchange, Bitebtc, which is scamming traders by not allowing them to withdraw. Stay safe guys.

Yes, and not only is the Bitebtc exchange deceiving traders by not allowing them to withdraw, there is one more exchange that has made the same thing as Bitebtc, the Bcnex exchange, where all the withdrawal buttons are deactivated, and only four withdrawal buttons are activated However, withdrawals made by exchange users are always rejected.

[kaneki007]

I have never kept a crypto asset in exchange since I knew crypto until now, because I have heard "not your key not your funds" and it is very risky to keep it there. Almost everyone recommends that tetep safe when storing crypto so as not to be exposed to scams or phishing.

[TopT3ns]

I have never kept a crypto asset in exchange since I knew crypto until now, because I have heard "not your key not your funds" and it is very risky to keep it there. Almost everyone recommends that tetep safe when storing crypto so as not to be exposed to scams or phishing.

the step you choose is indeed very smart because when storing assets in an exchange place will have a very high risk, when the exchange place collapses it will make many people lose even many cases where the exchange closes and all of its assets are trapped in the exchange place and cannot withdrawal is carried out.

so than you hit cases like that you better secure your assets in a special cryptocurrency wallet that is used to store assets in the form of cryptocurrency.

[ballerin and giroud]

As long as wr use the trusted exchange we will be fine if we are intend to hold our money on cryptocurrencies like in stable coin. Maybe you should be careful with new exchanges here who offer you a low fee to trade. Don't make any decision to try because you will be regreted at the end. This is not time for you to try, but if you force yourself to try the exchange then you have to read some review against the exchange. Google search can help it or you just write some thread if you doubt against the exchange on this forum there will be some users who have known it.