Keep your bitcoin and ethereum on Exchange platform.

[Senator]

Keeping these coins of yours in reputable exchange platforms will make more sense than on exchanges with questionable reputation for the sake of your assets

 

[Jsoliu004]

Yes and no,because there are binance definitely one of those exchanges that are taking their security seriously, and because of that, Binance is a great platform to use for trading cryptocurrencies. Hence storing funds for long term storage on Binance and any other exchange is a big no.

 

[gammarays]

I will prefer to keep those coins in my exchange wallet. You can easily trade and transfer with ease without incurring big gaa fees. Exchanges are highly secured and not as prone as mobile wallets.

 

[Josemendez]

I will prefer to keep those coins in my exchange wallet. You can easily trade and transfer with ease without incurring big gaa fees. Exchanges are highly secured and not as prone as mobile wallets.

You last statement shows that you do not really know much about exchanges. Exchanges are not as secured as it is with Decentralized wallet. Once exchange is hacked , funds are lost. Wallets are only hacked if private keys are compromised

 

[tuna89]

Holding the coins definitely is the best no matter how the prices fluctuate, do make sure to understand the necessary factors before you purchase the coins, the acceptability of the coins, the integration and use of these coins for various transactions etc

 

[Grandeur]

Now that the bearish run looks to be over I would suggest these coins to any one who wishes to invest... Btc, eth, xrp, BNB and dash, these coins would do well seeing their great start after the bear run

 

[Setfragil]

I do not like keeping my coin in an exchange wallet because I will not have full control of the wallet since I will not have my private keys.

 

[gammarays]

You last statement shows that you do not really know much about exchanges. Exchanges are not as secured as it is with Decentralized wallet. Once exchange is hacked , funds are lost. Wallets are only hacked if private keys are compromised

Ok I'm talking from my experience, there have been more wallets hacked though they're not in the news because it's more of personal stuffs. It'll take a high calibre attack to hack an exchange. Your private keys doesn't need to be revealed to hack your wallet. I was a victim and many others have testified too. Normal smart contracts can be used to hack your wallet just by signing a transaction which includes buying,selling or approving a token.

 

[Zevin]

Keeping your crypto assets in the exchange platforms can be risky unless you are frequently trading. If you are holding for long term use a hardware wallet that is safe and secure.

 

[Josemendez]

Ok I'm talking from my experience, there have been more wallets hacked though they're not in the news because it's more of personal stuffs. It'll take a high calibre attack to hack an exchange. Your private keys doesn't need to be revealed to hack your wallet. I was a victim and many others have testified too. Normal smart contracts can be used to hack your wallet just by signing a transaction which includes buying,selling or approving a token.

True. But my point was very clear. Decentralization exchanges are far more secured than Centralized exchange . As regards to smart contract stealing people's fund . It happens but only to those who fail to clear their cookies or disconnect permission given to smart contract after Interacting with them .
Beefy finance helps people to deactivate smart contracts that can spend one's token .

 

[kayode10]

The rate at which assets are rising these days is encouraging. I think I am going to buy more of Bitcoin and ethereum. There is possiblity that they will raise again before the year runs out.

 

[Hena101]

Yeah this two coins has been growing rapidly over the years and having it is a good but making transactions with it if you a small investors is not good just keep it in your wallet.

 

[gammarays]

True. But my point was very clear. Decentralization exchanges are far more secured than Centralized exchange . As regards to smart contract stealing people's fund . It happens but only to those who fail to clear their cookies or disconnect permission given to smart contract after Interacting with them .
Beefy finance helps people to deactivate smart contracts that can spend one's token .

Yes,you can disconnect with beefy but you may forget to do that always. There are a lot of ways to bypass wallets these days. You just need your password to process a transaction in wallets while a cex exchange will require additional email and sms codes.

 

[Justin]

I don't think it is safe to keep your coins in exchange platforms because exchange platforms are prone to hacking. You need to keep your coins in hardware wallet

 

[Josemendez]

Yes,you can disconnect with beefy but you may forget to do that always. There are a lot of ways to bypass wallets these days. You just need your password to process a transaction in wallets while a cex exchange will require additional email and sms codes.

If someone hacks your email , your cex wallet is in threat. With centralized wallet , apart from fraudulent smart contracts , there is NO WAY a hacker can access the wallet unless he has your phone or private keys.

 

[gammarays]

If someone hacks your email , your cex wallet is in threat. With centralized wallet , apart from fraudulent smart contracts , there is NO WAY a hacker can access the wallet unless he has your phone or private keys.

You will not believe me because it hasn't happened to you. Just by swapping a token, a hacker can gain access to your wallet through contracts and drain your wallet. There are scam airdrops tokens distributed to people's wallet recently. All the require is for you to engage the token and that's all. I experienced mine then when my Tron was drained.

 

[Thinker009]

You are right because when swapping you won't lose more money trying to swap.the Bitcoin you are holding , so you need to consider this at first before you do the swapping and others

 

[joy101]

That is true keeping bitcoin and ethereum the two coin are really good for transaction, I don't think the transaction fee is much because the transaction is very fast.

 

[ahmedo24]

That is true keeping bitcoin and ethereum the two coin are really good for transaction, I don't think the transaction fee is much because the transaction is very fast.

The transaction fee for bitcoin and ethereum is very high , you will notice this very well when the market is on bullish though with Ethereum 2.0 the gas for ethereum has reduced.

 

[Grandeur]

This past week has been encouraging in the crypto market, Bitcoin capped at $45k but has since been in a decline, who know where best Bitcoin is headed to