Risk of holding on an exchange worth it?

[Tygar Pool]

I trade a small part of my ada trying to scalp some. The rest i hold in my private wallet staked in our pool.
Is it worth the risk if my long term plan is to hold to keep my ada on an exchange?


with articles on Bloomberg about binance today i dont think so, but what do others think?

[Malam90]

I trade a small part of my ada trying to scalp some. The rest i hold in my private wallet staked in our pool.
Is it worth the risk if my long term plan is to hold to keep my ada on an exchange?


with articles on Bloomberg about binance today i dont think so, but what do others think?

Holding coins in any exchange is  risky. Although i am holding my coins on binance staking but i know it's risky. If exchange becomes victim of hacking, i will be looser but holding in wallet and deploy in staking offers small amount of staking rewards. The best solution of holding coins in hard ware wallet which is secured.

[mahadev]

I trade a small part of my ada trying to scalp some. The rest i hold in my private wallet staked in our pool.
Is it worth the risk if my long term plan is to hold to keep my ada on an exchange?


with articles on Bloomberg about binance today i dont think so, but what do others think?

Holding coins in any exchange is  risky. Although i am holding my coins on binance staking but i know it's risky. If exchange becomes victim of hacking, i will be looser but holding in wallet and deploy in staking offers small amount of staking rewards. The best solution of holding coins in hard ware wallet which is secured.

Yes, youre right, hold in exchange is too risky, because If the exchange be hacked , we will loss alot. So, we must be careful, I think If you confident on top 10 exchange, you can do holding at there. Its just my opinion.

[Freemind]

No @Tygar Pool. I wouldn't, it's too big a risk, even if the amount you want to keep on the exchange is small, it's not worth it. Better to keep it in your own wallet. I remind you that any exchange can be hacked no matter how large and secure it is, and not everyone has insurance that covers possible theft.

[Zed0X]

I don't see any issue here. You are very clear with your purpose on why you're keeping a small amount on an exchange. Perhaps those who are discouraging you missed that important part. The only thing I would probably add to your strategy is to take out profits and add them to your staking pool.

About the Binance investigation, we've seen this coming a long time ago. That's why Binance US was launched and CZ already took action early by sending out warning thru emails to US users of the global exchange.

[krypto4uvak]

It is a very big risk to engage in cryptocurrency. And you always need to be careful and tidy. I personally also keep my coins on the exchange.

[Mj joy]

I trade a small part of my ada trying to scalp some. The rest i hold in my private wallet staked in our pool.
Is it worth the risk if my long term plan is to hold to keep my ada on an exchange?


with articles on Bloomberg about binance today i dont think so, but what do others think?

Brother, I would say that is very dangerous to keep in the exchange.  There is no shortage of hackers nowadays. Hackers are very clever and technicians hack from most of the exchanges and make them fakirs.  In this regard, I would like to say that if you keep money in the hardware wallet, a lot is saved.  So I would say that the request to those who trade must be to keep the token safe in the hardware.

[MrSpasybo]

I believe in Binance and I think it's perfectly normal to store tokens on Binance if you just want to hold them for a few weeks or months. Binance was hacked but it protected the interests of users with full compensation, so you can rest assured.
If you are a holder and the value of crypto assets is quite large, you should store them in hardware wallets for more peace of mind.

[Falcon]

It is a very big risk to engage in cryptocurrency. And you always need to be careful and tidy. I personally also keep my coins on the exchange.

Time is a place where you must reflect and define the value of the future where profit is the goal. Success is what we are aiming for, loss is what we are anticipating as long as possible.Be more careful to keep your tokens either in exchange or in private wallet.

[Freemind]

I don't see any issue here. You are very clear with your purpose on why you're keeping a small amount on an exchange. Perhaps those who are discouraging you missed that important part. The only thing I would probably add to your strategy is to take out profits and add them to your staking pool.

About the Binance investigation, we've seen this coming a long time ago. That's why Binance US was launched and CZ already took action early by sending out warning thru emails to US users of the global exchange.

For me it does not matter how big or small the amount is. No matter how small the amount is, I would not leave it on the exchange, not on Binance or anywhere else. Every part of my money forms my funds, and I will keep them, I will not keep them in any exchange. Even though people say that exchanges are safe, history has shown us that even the biggest ones have gone down.