Do you keep Bitcoin on Exchanges and online wallets?

[Izeal 4404]

On 10/24/2019 at 3:38 PM, 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?

I have researched alot about the hardware wallets and they are very safe and far from hackers but I have never ever used hardware wallets even because my portfolio is too small to invest in hardware wallets. So, I am satisfied with coinbase as online wallet.

[gbfisher 1815]

I kept my btc and different crypto coins in exchanger and i use the top exchanger binance. Because sometimes we need to sell coins or btc immediately for that reason exchanger is good. And its very secure. Binanane has unique security system. 2fa and KYC is also reuired in binance.

[Mike1515 2977]

That is actually a situation that is debatable and its important for me to really define everything in a perfect solution the good thing is that the use of bitcoin itself is actually very safe, and we need to think from that angle, How ever its really important we are able to really relax our mind and put up a perfect conclusion to what is and might be a good thing with being safe, imagine you have around 1 Million worth of bitcoin, what would be the right thing to do, is it to be online and venerable or to be secure, there is something far important which is the use of ledger , which is offline

[Brushless4500KV 4214]

On 9/19/2020 at 8:41 PM, khaler said:

Yes, I will keep the currency in my wallet because I buy things with bitcoin on the Internet, and I also trust my wallet and think it is safe.

Keeping BTC in the wallet is a good idea if you just collect and hold. But if you want to trade or exchange between coins regularly, keeping all your coins in your wallet will create some problems. I keep half of my coins in exchanges to trade with them and add to my capital. Trading without using exchanges is almost impossible because wallets make it slow and painful. If you don't think about trading, you have made the best choice but don't forget to use reliable wallets because all wallets are not safe!

Edited September 21, 2020 by Brushless4500KV

[adamramis 496]

I usually don't like putting my money on online wallets I think it's not safe at all so that I used secure wallets I leave my money in exchanges sometimes when I trading 

[Mwangi 5611]

Most people do and so its important we differentiate what happens to this kind , because when you look around there might be a mistake that is to hard to even remember, you can actually lose from any position or from any kind of a store. I lsot mine when I lost my laptop, I had everything installed on my desk top and I thought I was safe from hacking though I preffer an offline kind of wallet , say a ledger 

[khan22 3478]

I keep my BTC on the exchanges becasue we can easily sell our coins on the exchanges and also we can trade on it and in the crypto market trading is the best way to make money easily if you know the trading and i love trading thats why i keep my BTC on the exchanges.

[Onden 2098]

I store bitcoins in myetherwallet wallet, in my opinion this is the safest online wallet at the moment, as long as I use myetherwallet there are no problems. My other half keeps bitcoins in exchange wallets for trading, I don't know if it's safe or not, because exchanges can be hacked.

[Zeshan Khalid 2577]

No I prefer to keep it in a trusted offline wallet because online wallets a vulnerable to online threats and one can easily lose currency from his online wallet

[SergePhobia 94]

Yes, I keep btc in online wallet as well as in exchanges. I have no off line wallet that's why I am using online wallet and still I didn't find any difficulty on them. I use exchanges wallet for btc because I need to trade and for trading it's necessary to deposit btc into trading or exchanges wallet.

[Mouhadheb 196]

I prefer Ledger Nano, not advice everyone has a point of view

[whatislovebabydonthurtme 23]

Well the safest place is a physical wallet like ledger, but online wallets are also okay. Keeping most of your crypto on exchange is not a good idea, because it could get hacked

[Pamparam105 26]

I keep my cryptocurrency, of course. This is very convenient. I have a debit card that I use to pay for purchases and without Commission. Money is withdrawn from the wallet accordingly. I also advise everyone to store money in cryptocurrency, simply, conveniently and safely.

[Jromz 2158]

I only keep a small proportion of my Bitcoin in exchanges, which I use for daily trading, once I have reached a certain amount, I move most of them to my external wallet. Keeping all one's cryptos in exchanges is not quite a a wise decision, as you don't actually own them, after all not your keys, not your coins. Also, there is always the possibility that an exchange or online wallet can be hacked, then is too risky to leave one's cryptos exposed to such a risk.

[DellStrike 705]

Most often I keep them on exchanges.Due to the fact that there are often trade.There was also an experience with a cold wallet,this is probably the most secure type of crypt storage

[valvaltv 252]

If I want to trade today, then obviously my bitcoins will be on the exchange's online wallet. But if we consider long-term storage, then I use a cold wallet. By using it, I feel the most secure for my crypto savings.

[Joli7 25]

Yes, I will send my Bitcoins in exchanges and online wallets like Yobit, to be able to invest and obtain profits without making much effort.

[Rigamer 91]

Well, normally I keep my cryptos in exchange. since from there I trade directly without having to make transactions

[RS1979 31]

It depends how much you have I suppose, you only need to keep on the exchanges how much you need to trade, the rest can stay in your hardware wallet. 

[luis19btc 38]

On 10/24/2019 at 6:53 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?

Saving cryptocurrencies in exchange houses is not recommended. Have you ever wondered if it would pass as MTGOX

It is recommended to use Ledger nano s to store cryptocurrencies in a cold wallet. online wallets for daily use trust wallet that is owned by exchange Binance.

Always remember if you do not have the private keys to your cryptocurrencies, you are not the owner of your crypto.

[cryptouser1 71]

Keeping your bitcoin in exchanges is very insecure because you do not own your twelve words. Wallets are more anonymous. Everyone knows what to do with their and where to keep them

[Naga 1250]

On 1/24/2020 at 2:21 PM, Armcannon said:

Long ago I used to store my cryptocurrency on wallets .but now since I'm starting to learn trading.most of  my cryptocurrency are on exchange now.i just hope that the exchange that im using now is safe from any hacking.

as long as the exchange is big you will be fine, but i must inform you that this year 75% of the exchanges around the world has been hacked  and people lost their money so make sure you are choosing the correct exchange.

[RS1979 31]

It is very important to keep your funds as safe as possible so dont leave too much on exchanges with hot wallets in case they get hacked. Also if you use 2FA and keep you passwords and keys safe then it should be ok.

[Essaouira20 210]

I have voted is see 60% of the people keep it on a Exchange.

[Affect579 66]

Personally, I keep my bitcoins on the Blockchain Wallet, I also have a few coins licking on the Binance exchange, and I store ethereum on MyEtherWallet.