Don't put too much money in BTC trading platforms! - Page 11 - Trading - CryptoTalk.Org Jump to content
wilbertson

Don't put too much money in BTC trading platforms!

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This is not only in bitcoin platforms, but in any place where you invest, you must invest in randomly platform, in order if one platform fails, then others platforms where you have invested, they will save you. 

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Exactly, your words are completely sound
I made this mistake in my early days as I lost not a few sums as I used to leave some sums in the platforms and this is not ignorance of me, but because the withdrawal tax is high so I leave it until I collect a large amount and transfer it to my wallet, but it happened that more than 5 platforms closed and I lost the funds it was in, so I learned not to leave any balances on any platform, whatever it was

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I totally agree with you, we should not store our money in exchange because you never know what happens, so be careful about you money and as soon as you finish trading you should transfer your earnings into your wallet.

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"We grow by lifting others"

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I almost always that I operate with an exchange platform, I always convert my cryptocurrencies into dollars to withdraw my money directly to my bank for personal use. This to prevent the page where I operate, stop working or suffer some type of attack that could harm us in the future.

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Of course, always invest a small amount and keep the main amount in your safe wallet and follow the advice of experts

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It is difficult not to keep our money in an exchange, because we always use it and we always have to leave the balance in it, imagine if every time we had to withdraw and put in the exchange every time we went to trade, we would lose a lot in withdrawal fees

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Extremely vulnerable to being attacked by hackers and Bitcoin always ends your business with something that you may not understand why it is a variety of accurate or interesting quotes and many things happen over time and in the end A lot of work can be recovered so be careful

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Thank you for reminding me not to put all my coins on trading sites. We really need to be careful on trading sites, because there are some hacked sites and lots of lost users out there. For this reason, just keep a few cryptos on the trading exchange so you don't lose all the cryptos you own if the trading market is hacked one day.

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AM not too sure that we are not getting the right idea we need to work and be sure to really putting up everything that does work for us we need to really be sure of this thing we call working principles that we know out there btc is usually very unpredictable we can be able to earn a lot

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That's right. 

I store my crypto on ledger wallet and some of wallet that i trusted but i never store a lot of my crypto on exchanges.

I only move my crypto to exchanges for trading purpose only

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Never at any moment to realyl try to make sure that you are losing yourself in the wrong direction so work as hard and make sure that you are developing the right idea that works for you so you need to follow a certain direction that is far much important and well developed in ideas that we see around and in the most important thing , invest what you know what you understand you will not have much pain when you lose so work as hard for that

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Yes, you should diversify your portfolio and shouldn't just invest on one cryptocurrency. It is really risky and you might actually end up losing all of your assets. So you should also invest on other cryptocurrency so if you wouldn't lose all of you assets just in case a cryptocurrency went south.


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you are right my friend, there are many exchanges close and go with any alert, so we should be choose the good and safe exchange and we don't make all our crypto in those exchanges

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It depends, for example if someone is already an expert, nobody need to correct him, but if someone is a beginner, he must be well warned because trading is very risky. I see this advice to be for the beginners and I is a right advice. 

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On 10/16/2019 at 1:35 AM, jcarlo said:

Indeed, we should not keep our coins in the wallet exchanger because it is risky if the exchanger we use is hacked by someone else. If you want to plan to save coins for the long term, it's better to store them in a wallet that we control our private key

Yes effectively @jcarlo we should not keep or hold our cryptocurrencies on website exchange is very risky, at any time if will be hacked by hackers we will loss all our cryptocurrencies. So we should keep just a small quantity for daily trade use. About the high volume preferable withdrawal them to other wallet out of website exchange.

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I only do withdraw when I do not need to store extra money in my exchange wallet for long time holding I use my wallet because I do not know when the trading website will hunted  by hacker or when they will shut down.

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I agree that not storing our cryptos on exchanges is one of the most basic principles, everyone within this world should consider. However, a good proportion of us carry out trading activities on a daily basis, then we should necessarily need some funds available in exchanges for trading. Naturally, these funds should only be a small proportion of our whole holdings, and we always should be clear that such capital is permanently at risk within the exchange. 

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Cryptocurrencies should be kept and stored away from trading platforms as they have increasingly become the target of piracy and theft, and there is no guarantee that the exchange itself is worthy of trust.

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On 10/16/2019 at 4:35 AM, jcarlo said:

Indeed, we should not keep our coins in the wallet exchanger because it is risky if the exchanger we use is hacked by someone else. If you want to plan to save coins for the long term, it's better to store them in a wallet that we control our private key

There are also a term called the private wallet which is secure and are expensive. But in any case you have to put your coins in wallet because its a digital asset and require a digital bank.


Youtube ChannelSocial media Assets, Websites and Plugins are available in a very reasonable price 😇 TALK Token is also acceptable.

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this is very good advise and people should be aware of this , doesn't matter how much the exchange is trusted just never store your balance there , if you investing there then transfer what you're not investing to your wallet , this is much safer , we all saw what happened with kucoin not long time ago although it has a great reputation and well secured but still got hacked

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Of course I think there is a clear difference between the two and a big development for the Cryptotalk forum because the forum has a lot of support and work and fixes errors on other sites, so I think CryptoTalk will definitely succeed.

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El 15/10/2019 a las 19:35, jcarlo dijo:

De hecho, no debemos mantener nuestras monedas en el intercambiador de billetera porque es riesgoso si el intercambiador que usamos es pirateado por otra persona. Si desea planear ahorrar monedas a largo plazo, es mejor almacenarlas en una billetera que controlemos nuestra clave privada

You are very right, but each person is responsible for their actions, because nothing is safe online and above all for fear of hacks on platforms where we keep our money and this makes it a difficult and dangerous task, but always with a positive mind and not to think that these things will happen.

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The reputation of the platform a person is trading on is the most important thing
You might lose everything in a moment
Platforms are like the banks where you put your money
If there is not enough safety you will be in big trouble

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