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Keep your bitcoin and ethereum on Exchange platform.

  • Thread starter Thread starter ahmedo24
  • Start date Start date
I don't invest in this one you have just said, most of my favourite cryptocurrency I invest on is tron and dogecoin,I'm just investing in this cryptocurrency for a period as much as I can have patient, cryptocurrency investment is profitable for long term.
 
ahmedo24 said:
Bitcoin and Ethereum are fast growing coins at the moment but the transaction fee for these coins is not favourable especially to many small Investors. The best in my opinion is for you to hold these coins on Exchange platforms because they have very little to no transactions or swapping fee.
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The little BTC I have at the moment I have staked in an exchange when it yields small interest daily, it is so small but it's better than keeping it a wallet where it I get nothing.

Another option left for me is trading with it, but it is very risky, one may loose their funds, so staking does it for me.
 
Kayzzy3 said:
The little BTC I have at the moment I have staked in an exchange when it yields small interest daily, it is so small but it's better than keeping it a wallet where it I get nothing.

Another option left for me is trading with it, but it is very risky, one may loose their funds, so staking does it for me.
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If you know the right time to trade it you won't loose and you must set your percentage profit margin to be high. Staking is also very nice option.
 
With smart chain network in ethereum you can send out ethereum to a smart chain address with little transaction fee, and I think with this innovation ethereum will continue to go up and there is a possibility of reaching 10,000 dollars this year.
 
I think alot of persons make use of these feature right now, whenever they want to move their eth or bitcoin,they would swap/exchange it for another crypto currency with lower gas fee
 
I do not invest in bitcoins and ethereum, although when I came into cryptocurrency bitcoins and ethereum was my main concentration but as I understand now investing in this two cryptocurrency is not appealing to me anymore. Keeping them in exchanges is better as you said.
 
Justin said:
You also need to secure your account on exchange platform. Sometimes you might be locked out if you try to use wrong credientials to log into your account.
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It is good to keep your Bitcoin and ethereum on exchange platform this will help you to be able to make quick sales anytime the needs arise
 
Damscooguns73 said:
Concerning an individual keeping bitcoin and ethereum on exchange platforms. Well, I believe we are know that the transaction fee or gas fee for the two leading cryptocurrencies which are bitcoin and ethereum are very high, so it is advisable to keep some of the coins because they are fast rising
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The transaction fee is what has been causing a cryptocurrency like bitcoins to be kept in exchanges,my first experience of keeping bitcoins in a wallet was difficult because the transaction fee took almost half of the money. It was really sad for me.
 
I only have trust wallet for now but I am thinking of creating a binance account since I am very much interested to learn more about cryptocurrency and trading,I believe with binance account I'll be storing my bitcoins and ethereum there.
 
Their transaction fees is always very high and that is the reason why I always go for coins like I like litecoin, xrp
 
I have always known that apart from earning in this forum, there are so much to be learnt here. Before now, I did not know how to make use of ethereum and bitcoin. It is obvious to me now that these coins are just good to hold because of their gas fee, then just be taking advantage of their rise and fall, and they rise quickly too. Wow! I got the gist. Thanks for sharing.
 
You leave these coins in the exchange platforms to be growing in value till you're ready to withdraw them. You can swap them for a less costly coin f transaction fee sake and sell off
 
Yeah hold crypto in binance or kucoin , since there are popular and legit exchange platforms. But still the coins which have low fees , I recommend you to store such coins in your personal wallet.
 
Keeping my crypto in exchanges is better for me because you get to save transaction fees especially Ethereum. However, you get to miss out of some airdrops that requires you to hold some tokens in your wallet. Many legit airdrops were done using this method.
 
Such decision is relaxed a little bit now, I'm not hearing such news agsin roaring higher in the internet. During the first week if its announcement it caused unrest among traders.
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I'm not holding any of the world top two Cryptocurrency based on market capitalization. Their high gas fee charges earlier on discouraged me around them.
 
If you choose to go along keeping your Bitcoin and ethereum coins in your exchange platform, you must make sure that this exchange platform of yours is a very secured platform and your account is also secured too
 
GIFTMICHAEL said:
Such decision is relaxed a little bit now, I'm not hearing such news agsin roaring higher in the internet. During the first week if its announcement it caused unrest among traders.
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I'm not holding any of the world top two Cryptocurrency based on market capitalization. Their high gas fee charges earlier on discouraged me around them.
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It's better to buy and hold it in exchanges like binance. You just pay the trading fees which is in cents. You can hold and sell as you like but remember you'll still be charged high fees if you're to transfer to another wallet.
 
gammarays said:
It's better to buy and hold it in exchanges like binance. You just pay the trading fees which is in cents. You can hold and sell as you like but remember you'll still be charged high fees if you're to transfer to another wallet.
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It will be better to hold it down at your own preferred wallet than sending ETH like that, cos of its high gas fee. Exchanging it to lower gas fee coin is better.
 
Bitcoin and ethereum are the two best crypto currency in the world and will always remain the best. I advice you to keep your crypto and be patience because am seeing it to keep high in no distance time. Just make sure you hold on to your coin
 
I think this is really a good observation from you. Even if the market is on a decline and you don't have any sort of shitcoin in your portfolio you will definitely make your money back
 
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