Keep your bitcoin and ethereum on Exchange platform.

[kayode10]

It gives me Joy whenever I look at the investment I made in Bitcoin and ethereum in my wallet because the price of the two assets are increasing by the day.

 

[Josemendez]

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.

If you read my post , you will clearly understand that I agreed that smart contracts can spend your funds , but this happens only when you fail to disconnect after Interacting with smart contracts. Apart from this , there is no other way your DECENTRALIZED WALLET can be hacked

 

[Kelly5]

In keeping your Bitcoin and ethereum on exchange platforms, be sure that the exchange platform you're keeping them in are very secured themselves at least so as not to lose your own coins in there too

 

[gammarays]

If you read my post , you will clearly understand that I agreed that smart contracts can spend your funds , but this happens only when you fail to disconnect after Interacting with smart contracts. Apart from this , there is no other way your DECENTRALIZED WALLET can be hacked

Let me ask you a question, do you disconnect from every smart contract after swapping a token? These hacks can occur once you transact with a token with a malicious code. Wish I can send you screenshots to back up my claim.

 

[Rhapsody]

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.

I will not advise you to keep your coin in any exchange because you don't know what will happen to the exchange in future. Back then 3 exchangers took away my coins. They are bter, e-btc and vircurex. They were the popular exchange in 2015

 

[Josemendez]

Let me ask you a question, do you disconnect from every smart contract after swapping a token? These hacks can occur once you transact with a token with a malicious code. Wish I can send you screenshots to back up my claim.

Is well bro. Stick to your opinion. Seems that were are not learning from each other. If you actually read my posts you will see where am heading to.

 

[Senator]

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

Sometimes this actually holds true. Some exchanges are so porous that you keeping you cryptocurrency assets or leaving them in there is a bad and colasal way to lose everything because they're simply going to be hacked

 

[Sextafeng23]

it's not all of this exchange platform that are trusted and phone can lost or stolen. what are the available options one can use instead of using apps, one that will be proficient incase of any circumstances

 

[ahmedo24]

it's not all of this exchange platform that are trusted and phone can lost or stolen. what are the available options one can use instead of using apps, one that will be proficient incase of any circumstances

I don't think there is any alternative that you can use to boycott password because of phone loses the best is to have your passwords kept some where safe.

 

[Shigobad2020]

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.

Keeping your bitcoin and etehreum with the other crypto currency coin on the exchange platform just because they have a very little or no transcation or changing fee.

 

[akinlolu99]

It is good to store your Bitcoin and etherum on an exchange platform because you can never tell when the need for business will arise and the best thing about being a businessman or woman is always being ready to trade.

 

[ahmedo24]

Yeah, one thing is that when the market is on bullish the fee for ethereum and Bitcoin is usually very high when transacting from one wallet to another but when you have it in exchange you just need to exchange it easily.

 

[Setho]

A good majority of the exchanges that I have seen do not actually charge you any fees for keeping your cryptocurrency with them and that is exactly what I stick with because it is much more easier to use.

 

[ahmedo24]

A good majority of the exchanges that I have seen do not actually charge you any fees for keeping your cryptocurrency with them and that is exactly what I stick with because it is much more easier to use.

Even wallets don't charge any thing for holding your coins but the challenge is that the transaction fee for wallets is usually higher when converting to stablecoins compared to exchange plaforms.

 

[gammarays]

Is well bro. Stick to your opinion. Seems that were are not learning from each other. If you actually read my posts you will see where am heading to.

No qualms bro. I understand you just that I was trying to pass a message across. Nobody is an island of knowledge so we're here to learn. My apologies if I sounded offensive. That wasn't my intention.

 

[Kingstone]

When I used Binance to do my coin swap, it was almost free. Although I didn't use the conversion method that has a minimum amount to convert. There was a way I changed my LTC, BCH to USDT

 

[Good-Person]

Well, I am planning to start trading on platforms like Digitrex sooner. They do not charge any fees and I think it is possible to exchange fiat currency to crypto coins on their platform. They also allow USDC coin depoists. This will be first time I will be trading on such kind of platform.

 

[Justin]

I do not think keeping your crypto currency on exchnge platform is a good. Exchange platforms are prone to hacking and if the exchange you are using is hacked, you will lose your assets. Use hardware wallet.

 

[Ceeny007]

Exactly what I said to my friends, moving coins from place to place doesn't make sense especially among small investors just keep it one place

 

[tyrim88]

As it is good to keep bitcoins and ethereum, one should also be careful on the platform in which they're being stored with so many stray hackers all around. I prefer to keep or store my cryptocurrencies on wallets that I have access to the private keys. If I want to keep cryptocurrency for a long time I don't use exchange platforms due to inability of not having access to my private keys.

I think this is a very good idea to adopt,because before this time,i was only thinking of storing my crypto in my online platform,and going there to access it whenever i need to do anything with it.