Do you keep Bitcoin on Exchanges and online wallets? - Page 2 - Crypto World - CryptoTalk.Org Jump to content
hexwin

Do you keep Bitcoin on Exchanges and online wallets?

Do you keep Bitcoin on Exchanges and online wallets?  

583 members have voted

  1. 1. Do you keep Bitcoin on Exchanges and online wallets?

    • YES
      453
    • NO
      109
    • I don't know
      21


Recommended Posts

In both cases there is a risk. the exchange may burn out. and the wallet password may be stolen. but in fiat money you can lose a credit card and the bank will burn out too. There is no risk with money, only when there is no money.

  • Useful or interesting 1
  • +2 1

Share this post


Link to post
Share on other sites

i dont keep my money in online wallets , if they get hacked the wallet wont give you back anything , i keep them in the exchanges because im a trader not a holder .

  • +3 1

Share this post


Link to post
Share on other sites

It is safe to keep coins in exchange or online wallets as long as exchange is reputable and trusted like binance (few months  ago it got hacked, but users did not lost their coins) and online wallets as long as they are official online wallet (i do not know if bitcoin has official online wallet but some  alt coins has them ). But, it will always be more safer to keep coins in your personal wallet. I never recommend storing coins in exchange or online wallet as there is always a risk which you can avoid easily by having it on your personal wallet.

  • Useful or interesting 1
  • +2 1

Share this post


Link to post
Share on other sites

I have hold all Btc and Altcoin on exchanges and wallets online. I knew the risk could come at any time so I didn't hold it all on one wallet. For a trader, it's better for them to hold Btc on exchanges, which is convenient for trading.

  • +1 1

Share this post


Link to post
Share on other sites

Crypto Education lesson:

If you are keeping Bitcoin on Exchanges then you don't have any Bitcoin.

It is not your BTC, and you don't have private keys.

Share this post


Link to post
Share on other sites

as long as I'm trading with the coins I keep them in the exchanges wallets but whenever I decide to hold for a long time I move them to my hardware wallet

Share this post


Link to post
Share on other sites
2 hours ago, setifien said:

Only fools Keep their coins (btc/altcoins) on exchanges due to the high risk of loosing everything in a wink time

image.png.22e82db0284fae0b0dcdb9e23f4c8ead.png

I totally agree with you.... and looks like most of the people are keeping them on exchanges....

No mater if they trade with peanuts or not, it is stupid thing to do.

Share this post


Link to post
Share on other sites
6 hours ago, iloveyobit said:

i dont keep my money in online wallets , if they get hacked the wallet wont give you back anything , i keep them in the exchanges because im a trader not a holder .

Yes, but traders can also hold purchased coins when they trade on a long-term basis.
Maybe you only trade on a short-term basis?


Sell/Buy music, sound fx, video footage, photos, vector images and more
for projects, movies and any commercial purposes

https://www.motionelements.com

Share this post


Link to post
Share on other sites
2 minutes ago, MyThoughts said:

Yes, but traders can also hold purchased coins when they trade on a long-term basis.
Maybe you only trade on a short-term basis?

yes exatcly , i know that the holding is more proftable then the short term trading , but i prefer day trading becuase i want to feal and play with the market and volume

  • Useful or interesting 1

Share this post


Link to post
Share on other sites
3 minutes ago, iloveyobit said:

yes exatcly , i know that the holding is more proftable then the short term trading , but i prefer day trading becuase i want to feal and play with the market and volume

This is undeniably a great choice, but of course we all must understand that this is the choice of each trader personally.


Sell/Buy music, sound fx, video footage, photos, vector images and more
for projects, movies and any commercial purposes

https://www.motionelements.com

Share this post


Link to post
Share on other sites
6 minutes ago, MyThoughts said:

This is undeniably a great choice, but of course we all must understand that this is the choice of each trader personally.

yes that correct , in  the end its your own money ,your choice and your strategie so you have to chose wisly how you will react in the right moment 

  • Useful or interesting 1

Share this post


Link to post
Share on other sites
7 hours ago, andrehol said:

In both cases there is a risk. the exchange may burn out. and the wallet password may be stolen. but in fiat money you can lose a credit card and the bank will burn out too. There is no risk with money, only when there is no money.

The risk will always exist, there is no doubt about it, it depends on each person where you can store your bitcoins, it is not relevant, everyone has a safe method.

Share this post


Link to post
Share on other sites
18 minutes ago, Thefighter said:

But what happens if the exchange gets hacked and all your funds disappear from the wallet on your exchange platform? Isn't it better to just keep your bitcoin in your own wallet? b+Because the changes of it getting hacked are lower

They will lose all their coins...and they all deserve to lose them all... 
They lost them the moment when they send it to exchnage.

Not holding keys. Not holding Bitcoin

Edited by hexwin
  • +1 1

Share this post


Link to post
Share on other sites

It's a stupid decision to put your coins on exchange or any other online wallet, you know one of the main feature of bitcoin is to leverage the 3rd party dependence. Moreover, you are not the owner as long as you don't have private key.

Share this post


Link to post
Share on other sites
On 10/24/2019 at 10:53 AM, hexwin said:

Simple question and VOTE ☝️:

Do you keep your Bitcoin on Exchanges and online wallets and where?

Do you think it is safe or not?

    Yes, i do, i keep my BTC in YOBIT, so i can always get profits from the ICO, that this platform gives all the time, also believe me if i told you that i feel comfortable to leave my bitcoin in YOBIT than hold it in desktop wallet, i'm not good with code, so i'm afraid to forget the 12 memes to get back my wallet if i lose it, best thing to do is to find a very good and honest platform to keep your CryptoCurrency, and i will suggest for you YOBIT.

Share this post


Link to post
Share on other sites

The best choice for storing bitcoin or altcoin is in the wallet that we keep the private key. Storing coins in an exchanger wallet is very risky but if we are the type of trader, then I think it's better to use 2FA for the security of our account

  • +1 1

Share this post


Link to post
Share on other sites
6 hours ago, Smartxh said:

None of them for now, if the online wallet can provide me with a private key in which they have no record of the private key I might likely keep some of my money there

Private keys is exposed to internet for all online wallets so you can never be sure for that wallet.
I have seen cases of people being hacked and their account hijacked.

Share this post


Link to post
Share on other sites
11 hours ago, MyThoughts said:

This is undeniably a great choice, but of course we all must understand that this is the choice of each trader personally.

Exactly, I think when we discuss here most are basically trying to sample other peoples opinion on some issues because people might give you advice and you end up doing yours. I believe if is everyone's decision on how you hodl your cryptos wether on exchange or other type of wallets.

  • +1 1

Earn free Ethereum every 1 Hour

https://free-ethereum.io/?referer=243721

Share this post


Link to post
Share on other sites

In this matter, I still do not understand how best to store my bitcoins. At the moment, all my savings are stored on crypto online wallets. Been thinking you need to start a cold wallet.

  • +1 1

Share this post


Link to post
Share on other sites

Not on exchanges but on online wallets, I keep some of my funds as it's somewhat more safer than exchanges and to maintain the liquidity we have to keep some funds online.

Share this post


Link to post
Share on other sites
9 minutes ago, tisuacon said:

Оnlinе wallet whiсh arе deрendable likе blосkchain аnd сoinbаsе is suрerbly fine. You'll bе аble indееd select elеctrum, wаllet but it's not frее from hаck.

No they are not 'fine' ...and Coinbase is EXCHANGE
If you send Bitcoin to Coinbase you don't have Bitcoin, and it is not your Bitcoin anymore.

  • +1 1

Share this post


Link to post
Share on other sites

I think the owners of many bitcoins have their cold wallets, and they only take out the money or bitcoins when they make their movements.

Edited by Bills

Share this post


Link to post
Share on other sites

yes, i used online wallet to keep my coins, it's easy to use. i don't want to save my coins in exchangers wallet. cause exchanger wallet always do some update/maintenance that make your balance gone.

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Topics

  • Сообщения

    • FOXbtc - это надежный и удобный обменник криптовалют, который предлагает широкий спектр услуг для обмена криптовалют и наличных. У нас вы можете быстро и безопасно обменивать Bitcoin, Ethereum, Litecoin и другие популярные криптовалюты. Мы гарантируем высокий уровень безопасности и конфиденциальности ваших сделок. Кроме того, наш обменник работает круглосуточно, что позволяет вам обменивать криптовалюты в любое удобное для вас время. Присоединяйтесь к Foxbtc.pro уже сегодня и начните обменивать криптовалюты легко и удобно!" Контакты: E-mail - FOXbtc_pro@protonmail.com TG - @FOXbtc_pro
    • CryptoNews of the Week     – On May 23, the U.S. Securities and Exchange Commission (SEC) approved form 19b-4 applications from eight issuers of spot Ethereum exchange-traded funds (ETFs). However, trading of ETH ETFs will only commence after the SEC signs the form S-1 statements. According to Bloomberg analyst James Seyffart, this could take "weeks or months." Before trading begins, the price of Ethereum could rise to $4500, as predicted by Arthur Cheong, founder and CEO of DeFiance Capital. Commenting on the approval of spot Ethereum ETFs, JPMorgan referred to this regulatory move as a political decision ahead of the U.S. presidential elections.   – The theme of cryptocurrency continues to strengthen in the pre-election rhetoric of U.S. presidential candidates seeking votes from the crypto community, which, according to NYDIG, comprises over 46 million U.S. citizens or 22% of the adult population. Former President and Republican candidate Donald Trump reiterated his support for the industry, this time in a post on Truth Social. "I am very positive and open to crypto companies, and everything related to this new and growing industry. Our country must be a leader in this field. No second place. Dishonest Joe Biden, on the other hand, the worst president in our country's history, wants [the crypto industry] to die a slow and painful death. This will never happen under my watch!" Trump wrote.   – On May 24, the Shiba Inu dog named Kabosu, the meme hero and symbol of Dogecoin, passed away. In November, Kabosu would have turned 19 (approximate birth year - 2005). Kabosu first gained attention in 2010 when her owner posted photos of the dog on her blog. It was Kabosu who inspired programmers Billy Markus and Jackson Palmer to create the meme cryptocurrency Dogecoin in 2013. Memes featuring Doge also became popular on Reddit, where a dedicated section now boasts over 330,000 users. American politicians used the meme in their social media, and one of its most famous fans, businessman Elon Musk, even temporarily changed the logo of the social network X (formerly Twitter) to the most famous image of Kabosu used in Dogecoin.   – In one of his recent posts on the social network X, popular analyst Lark Davis forecasted bitcoin's growth to $150,000 and ethereum's to $15,000, explaining this sharp increase by the emerging market dynamics. According to Davis, the main reason for the rapid growth of these coins will be the inflow of funds already observed in spot BTC ETFs, which attract hundreds of millions of dollars daily. Spot ETH ETFs will further fuel the crypto market's enthusiasm, resulting in billions of dollars flowing daily into exchange-traded funds based on the two leading cryptocurrencies. Currently, spot bitcoin ETFs hold 2,343 coins (≈ $70 billion), about 5% of the flagship asset's circulating supply. This significant figure, according to Davis, clearly indicates the growing recognition of cryptocurrency and the interest from institutional investors, especially from the U.S.   – Strike payment service CEO Jack Mallers predicts that during the ongoing bull rally, bitcoin could reach $250,000 and potentially grow to $1 million. In a podcast with Pomp Investments founder Anthony Pompliano, Mallers explained his bold forecast by stating that bitcoin is still in its early development stage. He noted that the bond market is facing issues, so central banks might introduce a significant amount of liquidity into the financial system to stabilize it. Such an influx of liquidity will provoke a rise in the value of risky assets, including the leading cryptocurrency. Jack Mallers disagrees with the notion that bitcoin is a bubble or a speculative tool. The asset is becoming increasingly popular among financial giants on Wall Street, and its limited supply of 21 million coins makes BTC highly resistant to inflation, unlike government currencies and gold. "Bitcoin can be considered the hardest form of money – thanks to its fixed issuance schedule and halving events every four years. The rate of new coin issuance gradually decreases, thus increasing bitcoin's long-term value," argued the Strike CEO. The Lightning Network, created for instant and cheap transactions, a second-layer solution based on the BTC blockchain, can further increase demand for the first cryptocurrency. Thanks to this, Mallers believes, bitcoin can be used for everyday purchases, such as paying for a cup of coffee in a bar.   – Analysts from the financial investment company Motley Fool suggested similar figures. They hypothesized that bitcoin's rate could rise to $400,000 and might even reach $1 million. This will happen due to money inflows from institutional investors through spot BTC ETFs. Motley Fool analysts noted that more pension funds and hedge funds, managing multi-billion-dollar sums, are entering the bitcoin market. Thanks to cryptocurrency ETFs, they can seamlessly include bitcoin in their investment portfolios.  According to analysts, about 700 investment companies have already invested in such funds. Nevertheless, institutional investors currently make up only about 10% of the total number of bitcoin ETF holders. Motley Fool estimates that if financial institutions invest approximately 5% of their assets in bitcoin, the first cryptocurrency's market capitalization could exceed $7 trillion, explaining its forecasted rate of $400,000.   – On the contrary, Cardano founder Charles Hoskinson expressed an opposing viewpoint. He equated bitcoin to a religion and stated that the industry has outgrown its dependence on it. According to Hoskinson, "the industry no longer needs bitcoin to survive." The Cardano founder pointed out critical threats to the leading cryptocurrency, including insufficient adaptability and dependence on the Proof-of-Work algorithm. Franklin Templeton analysts, on the other hand, considered L2 protocols, along with Ordinals, Runes, and DeFi primitives, as one of the main drivers of innovation resurgence in bitcoin. Former BitMEX crypto exchange CEO Arthur Hayes called the native token of the Cardano blockchain (ADA) "dog shit" due to its low usage in protocols.   – Bloomberg senior analyst Mike McGlone believes bitcoin's volatility makes it less attractive for investment compared to gold and the U.S. dollar. He also thinks that stocks will soon crash amid the anticipated recession, but BTC will suffer even more than the stock market.  The expert emphasized that the U.S. dollar-pegged stablecoin Tether (USDT) is usually traded twice as much per day as bitcoin. "I can access U.S. dollars anywhere in the world at any time from my phone with Tether. Tether is the number one trading token. It's the number one cryptocurrency for trading. It's the dollar. The whole world has switched to the dollar. Why? Because it's the least bad of all fiat currencies," McGlone argued.   – Unlike the optimism of many experts, Wall Street legend Peter Brandt felt it necessary to warn investors about a catastrophe that could arise from the launch of spot ETFs on Ethereum. "The biggest disasters in the cryptocurrency sector that are yet to come will be related to staking," Brandt believes, emphasizing the likelihood of significant financial losses and bankruptcies in the future. Staking is a way of earning cryptocurrency by "freezing" a certain number of coins in a wallet on the Proof-of-Stake (PoS) algorithm to support the network's operation. In return, the user receives rewards in the form of additional coins. Brandt noted that such assets as Ethereum are often rented out to earn this kind of income, often in the form of interest, and this reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it might attract increased attention from central banks, government treasuries, and other authorities. This will lead to stricter regulation, significantly changing the crypto space and potentially ending staking and bankrupting those involved.   – A criminal case on the largest bribes has been initiated in Russia. The former head of the Investigation Department of the police in one of Moscow's districts, a 35-year-old major, and one of his subordinate officers are accused of 10 counts of receiving bribes amounting to more than $1.5 million and 2,718 BTC ($180 million). In total, flash drives and hard drives with crypto wallets containing 5,213 BTC (about $350 million) were seized during the operation. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market     https://nordfx.com/
    • Добрый день! Мы подготовили краткий обзор на сегодняшний рынок. Биткоин (+1,13%) после просадки до $67 257 плавно возвращает утраченные позиции, а утро среды встречает на отметке $68 706. Капитализация BTC составляет $1,35 трлн. Эфир (+0,04%) по сути топчется на месте — на $3 844. На этом фоне недельная результативность ведущего альткоина просела до +1,40%. Ваш надёжный сервис обмена криптовалют cryptonet.pro
    • Уважаемые пользователи!  Мы добавили новые направления с криптовалюты - на наличные RUB. Tether ERC20 USDT — Наличные г.Пермь Tether ERC20 USDT — Наличные г.Ижевск Tether ERC20 USDT — Наличные г.Москва   Tether ВЕР20 USDT — Наличные г.Пермь Tether ВЕР20 USDT — Наличные г.Ижевск Tether ВЕР20 USDT — Наличные г.Москва   Tether TRC20 USDT — Наличные г.Пермь Tether TRC20 USDT — Наличные г.Ижевск Tether TRC20 USDT — Наличные г.Москва   DAI ETH — Наличные г.Пермь DAI ETH — Наличные г.Ижевск DAI ETH — Наличные г.Москва   Bitcoin BTC — Наличные г.Казань Bitcoin BTC — Наличные г.Новосибирск Bitcoin BTC — Наличные г.Пермь Bitcoin BTC — Наличные г.Ижевск Bitcoin BTC — Наличные г.Москва   Ethereum ETH — Наличные г.Казань Ethereum ETH — Наличные г.Новосибирск Ethereum ETH — Наличные г.Пермь Ethereum ETH — Наличные г.Ижевск Ethereum ETH — Наличные г.Москва   USDCoin ERC20 USDC — Наличные г.Казань USDCoin ERC20 USDC — Наличные г.Новосибирск USDCoin ERC20 USDC — Наличные г.Пермь USDCoin ERC20 USDC — Наличные г.Ижевск USDCoin ERC20 USDC — Наличные г.Москва   USDCoin TRC20 USDC — Наличные г.Казань USDCoin TRC20 USDC — Наличные г.Новосибирск USDCoin TRC20 USDC — Наличные г.Пермь USDCoin TRC20 USDC — Наличные г.Ижевск USDCoin TRC20 USDC — Наличные г.Москва Города Дубай и Турции - будут добавлены в скором времени,  в данный момент данные направления находятся в разработке, спасибо за доверие и за то - что пользуетесь услугами нашего сервиса.
    • Bloomberg: Компании из РФ переходят на расчеты в USDT с Китаем    Как минимум два крупных производителя металлов уже торгуют с Китаем при помощи стейблкоинов. ЦБ РФ поощряет использование криптовалют в международных расчетах для обхода санкций, но призывает не афишировать такие сделки.   Данные компании не находятся под санкциями, поэтому Tether не блокирует переводы.   Вряд ли это временные меры, а если это временно, то нет ничего временного, как постоянное😄🙃   Самый надежный и проверенный обменник для покупки/продажи криптовалюты ваш FOXbtc.pro
    • Глава ETF Store назвал сроки запуска криптовалютных фондов на базе Ethreum   Глава инвестиционной компании ETF Store Нейт Джерачи допустил, что спотовые криптофонды на основе Ethereum запустят в течение нескольких недель. При этом предприниматель не сомневается, что Комиссия по ценным бумагам и биржам США (SEC) утвердит заявки по форме S-1.   Что касается сроков, то Джерачи рассчитывает на оптимистичный сценарий, при котором запуск нового класса активов произойдет в ближайшие недели. Однако он также допускает задержку со стороны SEC. В таком случае спотовые Ethereum-ETF выйдут на рынок в течение двух или трех месяцев, отметил эксперт.   Мнение предпринимателя поддержал аналитик Bloomberg Эрик Балчунас. Он спрогнозировал утверждение криптофондов ближе к 4 июля 2024 года. Джерачи в ответ заявил, что ожидает одобрение SEC до наступления этой даты, но временные рамки назвал верными.
    • Crypto007.net успешно добавлен на мониторинг обменных пунктов kurs.expert.    Выбирайте Crypto007.net— потому что ваша безопасность и скорость заслуживают наилучшего!   Время работы оператора: понедельник – пятница с 10:00 до 22:00 (по Киеву) суббота - воскресенье свободный график.   Сайт - https://www.crypto007.net/ru/ Поддержка - support@crypto007.net
    • Менял usdt на кеш в Мадриде, курс обмена нормальный, встречу с курьером провели в удобном для меня месте. Никаких нариканий нет, на все ушло 4 часа.   Не знаю как они так делают, но комиссия при переводе тезера была 0$, мелочь а приятно.
    • Удобный сайт и интуитивно понятный интерфейс – еще одно преимущество нашего сервиса. Это позволяет проводить операции быстро и без лишних усилий. На нашем сайте можно легко найти необходимую информацию о курсах обмена, оформить заявку на обмен и отслеживать статус операции. Это упрощает процесс обмена валюты и делает наш сервис максимально комфортным вас.
    • Добрый день, дорогие друзья  Обменник Bit Bay Alexander ,гарантирует вам полную анонимность и оперативную поддержку операторов. Курсы на популярные  направления держутся в топе по мониторингу Курс Эксперт ! Приглашаем Всех клиентов обменивать свои активы у  Bit By Alexander !
×
×
  • Create New...