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Keep your bitcoin and ethereum on Exchange platform.

  • Thread starter Thread starter ahmedo24
  • Start date Start date
Despite using wallet exchanges, not all of them are secured or free from hacking. I here about 6000 coinbase users got their accounts hacked last month and they couldn't account for their missing coins. So what happens next?
 
It is risky to keep you cryptocurrency in the exchange platforms as their website can crash and you will lose access to the your cryptocurrency assets. I would rather keep my coin in the wallet than any other place online.
 
That is what I do but now I do not invest in bitcoins or ethereum again since I have other potential cryptocurrency to consider, the high gas most especially ethereum then make it very difficult for people to send it out but thank God they have adopted the smart chain network.
 
Agreed, instead of transferring and all that, which leads to paying gas fees and whatnot, you could just hold it and profit over fluctuations in prices. It is worth considering.
 
If I have enough funds to sustain myself over long period of time without looking at my wallet, I'll simply forget my coins in my Binance exchange wallet for long period of time.
 
Sincerem said:
If I have enough funds to sustain myself over long period of time without looking at my wallet, I'll simply forget my coins in my Binance exchange wallet for long period of time.
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It is a simple click on Binance App to check your balance no need to login to the site from your PC account so it doesn't matter having enough funds to sustain yourself or not.
 
saoussen5765 said:
It is a simple click on Binance App to check your balance no need to login to the site from your PC account so it doesn't matter having enough funds to sustain yourself or not.
Click to expand...
You've shown yourself to be a Binancian. With the app, everything is made easy accessing the Binance wallet, and doing other sort of transactions faster.
 
In my opinion, I would hold other small coins than Bitcoin and etherum.
They may be poised to gain more value but they are best for trading because of their high market volatility
 
Thanks so much for this, this is always what I tried to do, but I made some mistake because of my inexperience that I kept some bitcoins few months ago on my trust wallet, the transaction fee took half of the value of my assets and it was not really profitable at all.
 
I don't think holding these two currencies in their form because of low swapping fees is correct; these guys charge a lot for swapping these currencies.
It's better to either hodl or swap to smaller currencies like Tron or Avalanche that don't have high swapping fees.
 
Many people have been warning others to refrain from using exchanges as wallets. Exchanges are not wallets and they could get hacked, so it is always a better idea to use exchanges for trading purpose only.
 
Waqarhussain said:
Your cryptocurrency is only as safe as the method you use to store it. Exchanges are considered the least secure venue to store cryptocurrency, while offline wallets are the safest. But there's a trade-off between the ease of entering and exiting positions and the security of your holdings
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One of the ways through which you can save your cryptocurency investment is to keep them in platforms also,and one way to do that is by fixing the in stable coin,that is a good method and conservative way of saving tour crypto.
 
Both will have a strong bounce-back in 2023. At least this is what Elon and Jack (Twitter) believe.

I am holding on to what I have invested across the board. I am not looking to get rich overnight doing this.
 
Many crypto currency users account has been hacked on daily basis and that's the main reason why you need to be careful with your wallet information on every platform
 
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