ETH Merge & Where Keep the Coins?

[NameBaby]

Hi All. As most of you know ETH is moving from POW to POS. Due to this some there could be a fork and a new coin may come up.

Based on the above is it good to keep ETH on own wallet and claim the new coin by our own is better or keeping ETH in exchanges like Binance which says that they will support the merge is better?

Please consider technical difficulty and GAS fee on moving coins here and there.

Thanks in advance

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[X-ray]

If you didn't wanna do that manually and then keep it in exchange site would be far better. Exchange site like binance can be trusted but keeping your coins in your wallet was also safe enough. I meant if there's only a possibility for the fork to happen but this doesn't mean if the fork will be happening.
It has some chances for the chain to be forked by this is talking about the chance. There would be a chance for new coin will not be generated or issued by miners.
It's all depend on the result from the fork. I think that you are aware about this too. You shall read whole of announcements created by some exchange sites. As long as you were not doing any transction during the fork and that would be safe.

[tbct_mt2]

Don't store it on Binance. They are very late to distribute airdrops. They will say their platform is big and they need time to proceed all things.

Believe them or not, it's your decision but if you don't want to wait a few days or a few weeks later of distribution by Binance, you can store it on other Tier 1 exchanges. If you can wait, you can store it on Binance and wait!

Like Luna and Luna Classic, UST, they did it weeks later when other exchanges done their works.

If you don't want to rely on any exchange, store it in your non custodial wallet.

[GreatArkansas]

I don't think that there will be a fork that will happen after Ethereum's The Merge. Because that's not how The Merge works.
But yeah, there will be for sure some proposed fork for the Ethereum especially since there are some discussions already about the current miners where  they are miners of Ethereum's Proof-of-work (POW)
I saw some articles talking about miners that are proposing to fork Ethereum. This is very possible.

For me, the safest place to store your Ethereum right now is in your personal wallet where you are the only one got access.

[VRExpress]

Things will get very bad for crypto miners if no new fork comes after the merge because Ethereum has the biggest mining supporter out there and the network is already gigantic enough, small PoW projects can't handle the insane mining hashrate from miners.

[bitkanu]

It's better if you can keep it on cex. If there would be new coin and then you can sell it at a high price. I think that we must have learned from so many fork coins that happened with bitcoin. Im sure that would be traded on cex instantly if there will be a new coin will be created. You must aware about this too. Holding your coin in cex may give small advantage once the new coin will be released and traded in the market. Think about that. This must become the main consideration.

[tvplus006]

It's better if you can keep it on cex. If there would be new coin and then you can sell it at a high price. I think that we must have learned from so many fork coins that happened with bitcoin. Im sure that would be traded on cex instantly if there will be a new coin will be created. You must aware about this too. Holding your coin in cex may give small advantage once the new coin will be released and traded in the market. Think about that. This must become the main consideration.

Obviously, the coin obtained as a result of the fork will be pumped, and since it will not have the same value as the original ETH, the price of ETHW will fall. Given the fact that Binance supported the fork, but does not promise a listin, it is better to transfer ETH to another SEC, for example mexc.com .

[Chainsmokers]

Hi All. As most of you know ETH is moving from POW to POS. Due to this some there could be a fork and a new coin may come up.

Based on the above is it good to keep ETH on own wallet and claim the new coin by our own is better or keeping ETH in exchanges like Binance which says that they will support the merge is better?

Please consider technical difficulty and GAS fee on moving coins here and there.

Thanks in advance

there is news that there will be a Fork of Ethereum PoS, and a new Ethereum PoW will be born,
but there is no complete information on Ethereum, but if you want Ethereum PoW maybe you can store it on Binance or Bitfinex,
as far as I know there are 2 exchanges that support Ethereum PoW , there might be many more, but we'll see first

[jrrsparkles]

Hi All. As most of you know ETH is moving from POW to POS. Due to this some there could be a fork and a new coin may come up.

Based on the above is it good to keep ETH on own wallet and claim the new coin by our own is better or keeping ETH in exchanges like Binance which says that they will support the merge is better?

Please consider technical difficulty and GAS fee on moving coins here and there.

Thanks in advance

AFAIK there isn't going to be any new coin just because of switching from PoW to PoS, in case if you are asking for the scenario which may happen in future then the answer is wallet and its is the only place you have access to the funds, if you stored the coins in an exchange then exchange can claim the forked coins and can claim their its only for them.

[NameBaby]

Thanks everyone for the great support. I got many suggestions and info about the fork, advantages and disadvantages. I will look into them.

Thanks again for the great support 

[kasunrandil]

it is better  to have full custody of your ETH on a hardware wallet. If you are holding Ethereum  on an exchange, your exchange may or may not give you the fork tokens.  risk is your . some exchanges support and some does not. you must check the policies of the exchange about ethereum merge if you are holding ethreum on an exchange because Some exchanges will  take months of time for   crediting your account. good luck.

[spiker777]

Hi All. As most of you know ETH is moving from POW to POS. Due to this some there could be a fork and a new coin may come up.

Based on the above is it good to keep ETH on own wallet and claim the new coin by our own is better or keeping ETH in exchanges like Binance which says that they will support the merge is better?

Please consider technical difficulty and GAS fee on moving coins here and there.

Thanks in advance

it is always better to keep your money in your own wallet of which you have the private key or seed phrase. I would never trust any exchange with large amount of assest.. exchanges are only good to keep the money which are in your use like for trading etc.
but if you think the claiming process might be dificult for you and you don't want to do that then you can use an exchange. but it is better to immdetiately withdraw your fund from exchange .

[bitcoin-shark]

keeping eth on an exchange should be the very last choice they have delays in the distribution of airdrops and forks and then they have kept blocking the withdraw of eth for a long time with the excuse of the merge preventing in fact users from making profitable operations better to keep the eths on your own wallet and practice getting the various tokens manually

[libert19]

A wallet where you own the private key is always better, so you don't have to be dependent on exchange. We don't know if several forks gonna pop up.

[Iyeman]

Things will get very bad for crypto miners if no new fork comes after the merge because Ethereum has the biggest mining supporter out there and the network is already gigantic enough, small PoW projects can't handle the insane mining hashrate from miners.

Why not? that will be only increasing the difficulty to mine the coin and make network become even more secure compared when it has only a few miners on it. I think this will not become a serious problem for ETC. I just remind you if ETC was facing so many attacks caused by it less decentralized compared with ethereum.

[Minor Miner]

it is better  to have full custody of your ETH on a hardware wallet. If you are holding Ethereum  on an exchange, your exchange may or may not give you the fork tokens.  risk is your . some exchanges support and some does not. you must check the policies of the exchange about ethereum merge if you are holding ethreum on an exchange because Some exchanges will  take months of time for   crediting your account. good luck.

Most of the top exchanges have specifically announced fork support, all major exchanges have announced support. If the merge goes smoothly and without any issues, you can keep the ETH in a hardware wallet or any other non-custodial wallet. But if the merger process encounters unexpected troubles, investors who are not too tech-savvy or use immature wallets will run into trouble. So better for those who don't guarantee that they can handle it manually on their personal wallet during the fork, you can transfer ETH to exchanges. We won't need to do any work, just wait for the process to complete, the exchange will do the work for us.

[tvplus006]

keeping eth on an exchange should be the very last choice they have delays in the distribution of airdrops and forks and then they have kept blocking the withdraw of eth for a long time with the excuse of the merge preventing in fact users from making profitable operations better to keep the eths on your own wallet and practice getting the various tokens manually

Considering that after the fork, the new Ethereum PoW coin will be massively sold, then you will need to sell it as early as possible and, accordingly, for this, the new coin must already be on the exchange where the listing is promised. Therefore, you need to hold ETH on an exchange that not only supported forks, but also guaranteed the listing of a new coin.

[tbct_mt2]

Considering that after the fork, the new Ethereum PoW coin will be massively sold, then you will need to sell it as early as possible and, accordingly, for this, the new coin must already be on the exchange where the listing is promised. Therefore, you need to hold ETH on an exchange that not only supported forks, but also guaranteed the listing of a new coin.

What made you think the Ethereum PoW coin will be sold massively ?

If Ethereum is better than Ethereum Classic, Ethereum PoW should be better than Ethereum Classic in technical. I think that fork will not have lower price than ETC. For developments in future, I don't know because the core team of Ethereum led by Vitalik will focus on the PoS coin.

[SUPERSAIAN]

If it is clear whether Binance will support the Fork and distribute, you can keep some of your coins on the exchange. I think you should keep the other part in a cold wallet or ledger, just in case, in this way you will reduce the risk. But in general, I heard that the exchanges announced support, which one will do it without any problems, although it is difficult to predict, it is necessary to conduct a risk analysis.

[minairia3]

Considering that after the fork, the new Ethereum PoW coin will be massively sold, then you will need to sell it as early as possible and, accordingly, for this, the new coin must already be on the exchange where the listing is promised. Therefore, you need to hold ETH on an exchange that not only supported forks, but also guaranteed the listing of a new coin.

What made you think the Ethereum PoW coin will be sold massively ?

If Ethereum is better than Ethereum Classic, Ethereum PoW should be better than Ethereum Classic in technical. I think that fork will not have lower price than ETC. For developments in future, I don't know because the core team of Ethereum led by Vitalik will focus on the PoS coin.

I think there will also be a mass sale, very few people are interested in ethereum Pow, what everyone is aiming for is how to receive fork coins and then sell them for profit. The move of ethereum to Pos received the support of both the community as well as other companies who also announced that they would only support ethereum Pos after the merger. Only a part of miners because they don't want to lose their jobs and don't want to sell their miners, so they support this Ethereum Pow.