Where to hodl Ethereums? (ETH MERGE)

[edandrada]

It is said that fork tokens of ethereum will be released after the merge.

On forks of btc; bch and btg; some exchanges send bch and btgs to hodlers of btc. and some exchanges did not distribute these tokens because of they didnt support forks;

I don't know what happens to those who keep it in the cold wallet.


In this merge period, if we hold ethereum on myetherwallet or ledger; can we claim possible ethereum fork tokens to addresses?

Poloniex made an announcement 2 weeks ago, we will distribute all fork tokens.
I did not come across the announcement about possible fork tokens in binance or other exchange. Which exchanges will support fork tokens?

Where do you think we should hodl ethereums? Which one would be more logical on this merge period?

[Ketesnuko]

Binance takes forever to distribute forks that has ever happened to any popular crypto projects and I am sure that the same will happen with Ethereum if the fork is going to happen, you will have to wait for like a week before you see your coins, other exchanges are always faster than Binance exchnage when it comes to fork.

[o48o]

This depends the your level of how tech-savvy you are.
1. You can get the forked coins too
2. If you needed to ask, i wouldn't bet that you are tech savvy so instead of trying to manage it yourself and risking of losing your money. I would let experts to deal with it and you can sleep safu.
3. You can just save time with CEXes like binance and probably your nerves too. Only reason for people warn you about Cex:es in the firs place is because in the past they haven't been very trustworthy. Not we have more respectable CEX:es with insurances and safety measures so it's a no brainer if your money is legally obtained. And i feel that if there's a one exchange i can trust it's binance. After Poloniex changed ownership i haven't trusted it.

[Yogee]

I would suggest that you should hold it on non custodial wallet because you can’t guarantee what will happened after the merge and it’s important that you are holding the key to your wallet that contains your asset so that you can have a freedom to choose an exchange after the merge that will give you the most benefits.

Holding on Exchange like Binance is just a good idea if you want to still trade your asset during the merge because exchange will disable all deposit and withdrawal during this time and there’s no way to trade it during merge if you are holding it outside exchange.

Leaving them at exchanges like Binance for the purpose of simplifying the process for you isn't a bad idea actually. I mean it wouldn't take that long before you can withdraw the new ETH after the merge and you wouldn't have to worry about the claiming of potential fork token. Convenient yet not too risky.

[GreatArkansas]

Binance takes forever to distribute forks that has ever happened to any popular crypto projects and I am sure that the same will happen with Ethereum if the fork is going to happen, you will have to wait for like a week before you see your coins, other exchanges are always faster than Binance exchnage when it comes to fork.

I think this is ok for me especially if the forked coins are of no use at all for the early days after its being forked. If you are just planning to sell it then yeah you must get it as soon as possible I think it will not matter, there are some coins that are cheap price when it is now listed on an exchange and there are some also that pumping immediately after its being listed on an exchange.

[sheenshane]

Which exchanges will support fork tokens?

Coinbase announced on Cointelegraph that they evaluate any potential forks’ following the Merge.

IMO, if you trust them then you can try to leave your coins in their wallet but remember there's a risk tied up on it.
It's not a good idea to leave our coins on a centralized exchange that holds everything in our coins.
If you remember the golden rule in crypto "Not your keys, Not your coins" you'll definitely not risk your Ethereum just for the fork tokens.

[Dave1]

Which exchanges will support fork tokens?

Coinbase announced on Cointelegraph that they evaluate any potential forks’ following the Merge.

IMO, if you trust them then you can try to leave your coins in their wallet but remember there's a risk tied up on it.
It's not a good idea to leave our coins on a centralized exchange that holds everything in our coins.
If you remember the golden rule in crypto "Not your keys, Not your coins" you'll definitely not risk your Ethereum just for the fork tokens.

Yes, you are right, so it's better to have your ETH in a wallet that you have total control of.

Nevertheless, you can also leave it in an exchange, but you have to understand that if you left in their there is a possibility that they could freeze it for sometime before or after the merge to ensure everything is ok first, so don't panic.  So I would say that we need to be aware of everything, just follow reputable sources before you do anything.

[X-ray]

Hold your ethereum in centralized exchange site. There's no safe place rather than centralized exchange or your wallet. Cex is much more preferable this time. Any fork coin will be listed by some cex. I think that you must find some cex that will be trading the fork coins after it will be released to the market. Im sure that some people are betting on this thing. When you are keeping your coin in personal wallet. this indeeed safe but you can't move it. If you can get possible free money and why not?

[TravelMug]

For not tech savvy out there, it will be better for CEX, I do agree, just chooses one that is reputable maybe in the top 5 exchanges because for sure they are going to support if there is going to be a hard fork and there will be a split in chain.

But for those who are paranoid and doesn't want any 3rd party because they want to control their coins then, a hardware wallet will do. As long as you can generated the private key and keep it with you.

[OgNasty]

Obviously holding onto your coins in your own wallet where you are the sole holder of your keys is the best idea. I don’t think any exchange can be certain what will happen or how they will react yet. If you want to make sure you will definitely have whatever forked coins pop up after the merge, you should own the keys holding your coins.

[rodskee]

Binance takes forever to distribute forks that has ever happened to any popular crypto projects and I am sure that the same will happen with Ethereum if the fork is going to happen, you will have to wait for like a week before you see your coins, other exchanges are always faster than Binance exchnage when it comes to fork.

indeed , this is why Binance is not as good for fork taker . there are several forks that i try to hold in their exchange but ended up waiting long.

______________________________________________

Am not sure if Exodus is one good place for forking but I am holding my Ethereum in this wallet as I felt safer for long time now.

Obviously holding onto your coins in your own wallet where you are the sole holder of your keys is the best idea. I don’t think any exchange can be certain what will happen or how they will react yet. If you want to make sure you will definitely have whatever forked coins pop up after the merge, you should own the keys holding your coins.

yes , there is no safe place but our own wallet for holding with our Keys.

[Fundamentals Of]

If you want to hodl ETH, don't even think of doing it on centralized exchanges. Even if the exchanges released official statements that they will support Ethereum forks, it doesn't mean that they are a good place to keep your ETH. Always keep your coins where the private keys are in your control.

Secondly, it is not a sure thing that there will be a fork. That remains to be known. And if ever there will be a fork, the best place to keep your ETH so that you will be qualified for the forked coins is a non-custodial wallet. I choose Ledger.

[Teraboy]

If potential fork will come and whole of exchange sites will be trading in only a few hours after the launch of fork. In this case only users of exchange site will be very benefit. The exchange sites are still halting their deposit and withdrawal for new ethereum. I hope this will not become true story.
We need only 1 ethereum. Having so many ethereums in the market will be a worthless coins. Only 1 that is always being used by public

[cryptobadshah]

Cryptocurrency newcomers like Metamask and Myetherwallet can buy and sell and manage Ethereum and other coins It's a browser extension and an app that interacts with Ethereum and other cryptocurrencies You computer's private key is password protected Metamask lets you create your password in case you forget or tell someone which wallet is ideal based on your needs and tastes hot software wallets enable you to manage many coins from one free app Hardware wallets cost money and accept few cryptocurrenies. In last i sages my ethwallet is the best place for hodl.

[sunsilk]

I have my few ETH being held on my Ledger wallet. I don't have to think a lot with this upcoming merge.

As usual, if the fork with a new coin comes out and it is supported by Ledger then that's good for me. But if there is none, still good for me.

I don't have to bother myself thinking of what wallet I should use for the merge, Ledger is already enough.

[cryptoaddictchie]

Binance takes forever to distribute forks that has ever happened to any popular crypto projects and I am sure that the same will happen with Ethereum if the fork is going to happen, you will have to wait for like a week before you see your coins, other exchanges are always faster than Binance exchnage when it comes to fork.

Actually this is true! Even their airdrops for some still until now havent showing on the spot page or even distributed even some exchange already credited the rewards. I think not just weeks but worse scenario could be months and they will say that there are a lot of users which I found ironic since other exchange can do so. If I were OP will definitely choose other one to rely on the eth migration in any case there is a forked coin.

[danherbias07]

I'd stick with Binance if we are only picking an exchange.
This may be another market of Poloniex to pull back all the traders and investors that pulled out because of their shitty customer support.
I was one of those who tried looking for help at them but never got an answer for like 3 days. That ain't good if we talking about money.
But as had been warned in this forum every time, trusting it into a CEX is the worst thing you will do. But, the reputation of Binance has grown quite high so what you can do is just make a short-term storing. Wait until the merge is near, deposit it to Binance, then withdraw as fast as possible into your preferred wallet.

[jaberwock]

This depends the your level of how tech-savvy you are.
1. You can get the forked coins too
2. If you needed to ask, i wouldn't bet that you are tech savvy so instead of trying to manage it yourself and risking of losing your money. I would let experts to deal with it and you can sleep safu.
3. You can just save time with CEXes like binance and probably your nerves too. Only reason for people warn you about Cex:es in the firs place is because in the past they haven't been very trustworthy. Not we have more respectable CEX:es with insurances and safety measures so it's a no brainer if your money is legally obtained. And i feel that if there's a one exchange i can trust it's binance. After Poloniex changed ownership i haven't trusted it.

In your number 2, you are saying that he should let other people to do this job? So it means he will let them have his own eth or wallet? I think that was more risky. He can still learn the process on his own. It is hard to trust people nowadays. The more you want to earn a profit, the more you will lose. Some people are mentioning binance.

So, it is true that it is now possible to receive fork coins on a cex? Cool. Binance has a good reputation so he shouldn't look for more ways. Polo changed ownership but did their performance change lately? Maybe they are still trusted because how can the new owner recover what he spent on acquiring the exchange, if he will operate the exchange poorly?

[justdimin]

I'd stick with Binance if we are only picking an exchange.
This may be another market of Poloniex to pull back all the traders and investors that pulled out because of their shitty customer support.
I was one of those who tried looking for help at them but never got an answer for like 3 days. That ain't good if we talking about money.
But as had been warned in this forum every time, trusting it into a CEX is the worst thing you will do. But, the reputation of Binance has grown quite high so what you can do is just make a short-term storing. Wait until the merge is near, deposit it to Binance, then withdraw as fast as possible into your preferred wallet.

Honestly? I was shocked to learn they still exist. They were so so so terrible that I believed they wouldn't really be living right now and would already be closed. I saw on this topic that they still exists, I checked them and see that they are still trying to do something. I have to say they are just too far gone from their top spot once upon a time and they do not even deserve to make a comeback.

So, I am going to just let them go away themselves. I agree with the Binance answer, I am keeping every dime I have on Binance and when I have to withdraw I just do that, nothing more to it. At the end of the day it is not going to be important to me at all.

[serjent05]

@OP you can either hold your ETH through your wallet, the one where you hold the private key, or store it in a centralized exchange.  Binance is a good choice since it is reputable even though someone said that fork token distribution is a bit delayed, at least in Binance we are sure that we will be receiving our possible fork ETH token.  While if we hold the ETH we must be careful of scams that pretend to offer services to claim the forked ETH.