follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here

Author Topic: Cryptocurrencies in exchange wallet  (Read 1506 times)

Offline Munareal

  • Sr. Member
  • *
  • *
  • Activity: 621
  • points:
    1609
  • Karma: 4
  • Trade Count: (0)
  • Referrals: 1
  • Last Active: January 30, 2020, 10:25:41 AM
    • View Profile

  • Total Badges: 22
    Badges: (View All)
    10 Posts First Post Sixth year Anniversary
Cryptocurrencies in exchange wallet
« on: August 10, 2018, 01:43:53 PM »
Do you hold  your cryptocurrencies in trading exchange wallet when you are not trading?  What is the ideal period to keep them in exchanges when not trading with them

Altcoins Talks - Cryptocurrency Forum

Cryptocurrencies in exchange wallet
« on: August 10, 2018, 01:43:53 PM »

This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here


Offline altcoingamer

  • Hero Member
  • *
  • Activity: 1117
  • points:
    242
  • Karma: 24
  • Trade Count: (0)
  • Referrals: 11
  • Last Active: September 01, 2020, 06:02:18 AM
    • View Profile

  • Total Badges: 18
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Cryptocurrencies in exchange wallet
« Reply #1 on: August 10, 2018, 08:43:34 PM »
Do you hold  your cryptocurrencies in trading exchange wallet when you are not trading?  What is the ideal period to keep them in exchanges when not trading with them

Yes and no, depends on the size of stack and the type of currency and how I can interact with their wallet... it kind of also depends on your experience level and your hardware (ie do you have a cold wallet and how secure is your trading environment (aka PC).. I'd say keep it on exchanges if you are new and stacks are small, if your stacks are medium to large I'd keep what you will readily change possibly on an exchange, and keep everything else in a wallet.. but make sure you only use paper wallets or cold storage like ledger nano or trezor if you're gonna hold your tokens at all without exception.   The reality is most exchange security is gonna be safer than noobs without any knowledge of storing tokens themselves but the best practice is keeping them with high levels of security and knowledge.

Offline Synvc

  • Sr. Member
  • *
  • *
  • *
  • Activity: 354
  • points:
    802
  • Karma: 12
  • Trade Count: (0)
  • Referrals: 1
  • Last Active: June 25, 2024, 01:30:01 PM
    • View Profile

  • Total Badges: 21
    Badges: (View All)
    Sixth year Anniversary Fifth year Anniversary Fourth year Anniversary
Re: Cryptocurrencies in exchange wallet
« Reply #2 on: August 12, 2018, 06:39:13 PM »
To avoid shipping costs, I certainly did that. it's just that tightening the security of the account just so it's not hacked by people
█████████████████████
█████████████████████████
████████████████████████
███████████████████████
███████████████████████
█████████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████
RoyalMix██████████    ██    ██████████    ████    ██    ████████████████████████████    ██
.
.
██    ██████████    ██    ██    ██    ██████████████████████    ██    ████████████
░░███████████████████████████
█████████████████████████
█████████████████▀███████
████▀▀▀▀███████▀▀░░▀█████
████░░░░░░▀█▀░░░░░░░▄████
███████▄▄░░░█░▄██░▄██████
██████████░░░████████████
███████▀▀░█░░░▀██░▀██████
████░░░░░░▄█▄░░░░░░░▀████
████▄▄▄▄███████▄▄░░▄█████
█████████████████▄███████
█████████████████████████
░░███████████████████████████
████████████████████████████████████████████████
.
MIX NOW
.
████████████████████████████████████████████████
████░░
██
██
██
██
██
██
██
██
██
██
██
████░░

Offline cryptothief

  • Sr. Member
  • *
  • Activity: 619
  • points:
    3669
  • Karma: 10
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: April 29, 2020, 07:07:43 PM
    • View Profile

  • Total Badges: 18
    Badges: (View All)
    10 Posts First Post Sixth year Anniversary
Re: Cryptocurrencies in exchange wallet
« Reply #3 on: August 18, 2018, 03:12:41 AM »
Yes and no, depends on the size of stack and the type of currency and how I can interact with their wallet.

I agree with this, it all depends on how much you are holding, although I would suggest a cold wallet should be an early investment for anyone. You can pick one up for under $100 and whether you use it straight away or not, it's good to have. If I am trading a coin on a regular basis, I don't bother shifting it out from the exchanges unless I get above my (self imposed) threshold, as profits can be wiped out quickly with withdrawal fees. Some exchange's withdrawal fees are ridiculously high for certain coins, so much so that it is sometimes worth trading into a different coin just to make the withdrawal. Always check what the fee is before withdrawing.
▄▄▄████████▄▄▄
▄▄██████████████████▄▄
▄████████████████████████▄
▄████████████████▄▄██▄▄██████▄
██████████████████▀████▀████████
████████████████▄█▀██████▀████████
███████████████▀▀█▄██████▄█████████
██████████████▄█████▄████▄██████████
████████████████████▀▀██▀▀███████████
██████████████████████████████████████
███████████████████████████████████
█████████████████████████████████████
████████████████████████████████████
███████████████████████████████████
███████████████████████████████
█████████████████████████████
▀█████████████████████████
▀█████████████████████▀
▀▀████████████████▀▀
▀▀▀████████▀▀▀
Smarter
Than Crypto
||ANN
BOUNTY
Medium
Reddit
Facebook
Twitter
Telegram
WEB

Offline Speaker

  • Legendary
  • *
  • Activity: 4996
  • points:
    31602
  • Karma: 165
  • The fully decentralized and compact blockchain.
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: January 20, 2023, 02:02:36 PM
    • View Profile

  • Total Badges: 26
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 5000 Posts
Re: Cryptocurrencies in exchange wallet
« Reply #4 on: August 21, 2018, 03:38:34 PM »
On the exchange you need to keep a small amount of coins to trade.If you are an investor and invests for a long time-you do not need an exchange.Keep on cold wallets.Otherwise, you can lose a lot.
Minima
🌍Decentralized, ultra-lean blockchain running entirely on mobile & IoT🌍

|📲 JOIN INCENTIVE CASH   |► TELEGRAM  |  DISCORD ◄|   RUN A NODE & EARN COINS 📲|

Online Zed0X

  • Legendary
  • *
  • *
  • *
  • Activity: 4224
  • points:
    129861
  • Karma: 400
  • Coinomize.biz
  • Trade Count: (0)
  • Referrals: 34
  • Last Active: October 31, 2024, 10:58:50 PM
    • View Profile

  • Total Badges: 28
    Badges: (View All)
    Seventh year Anniversary Sixth year Anniversary Fifth year Anniversary
Re: Cryptocurrencies in exchange wallet
« Reply #5 on: September 04, 2018, 06:35:27 PM »
Do you hold  your cryptocurrencies in trading exchange wallet when you are not trading?  What is the ideal period to keep them in exchanges when not trading with them

There is no ideal period in keeping them in exchanges. If you have no plan to trade your crypto, simply withdraw them to your personal wallets. Don't risk it.

Offline Speaker

  • Legendary
  • *
  • Activity: 4996
  • points:
    31602
  • Karma: 165
  • The fully decentralized and compact blockchain.
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: January 20, 2023, 02:02:36 PM
    • View Profile

  • Total Badges: 26
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 5000 Posts
Re: Cryptocurrencies in exchange wallet
« Reply #6 on: September 07, 2018, 11:00:04 AM »
There is no ideal period-but the less they will be on the stock exchange, the better.Exchanges are designed for trading, it is dangerous to store them.For storage, there are cold wallets.
Minima
🌍Decentralized, ultra-lean blockchain running entirely on mobile & IoT🌍

|📲 JOIN INCENTIVE CASH   |► TELEGRAM  |  DISCORD ◄|   RUN A NODE & EARN COINS 📲|

Altcoins Talks - Cryptocurrency Forum

Re: Cryptocurrencies in exchange wallet
« Reply #6 on: September 07, 2018, 11:00:04 AM »


 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod