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Author Topic: All crptocurrency at a single exchange.  (Read 465 times)

hasyu

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All crptocurrency at a single exchange.
« on: April 05, 2018, 12:09:08 PM »
It is not good to keep all coins in a single exchange. Because if it is shutdown all coins will be lost.

If you're buying coins for long-term gains then better move to desktop wallets and keep private keys or seeds safely so that you can access your coins in future to sell at higher price.



You shouldn't keep any coins on the exchange unless you want to sell quickly for short profit on the same day or next couple of days. But even for day trading purpose don't keep all your money in any single exchange to avoid sudden losses if exchange goes into some trouble.

secco

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  • Re: All crptocurrency at a single exchange.
    « Reply #1 on: April 07, 2018, 01:27:28 PM »
    Correct. Exchanges are not banks and are not designed for storing coins.

    Have your own wallet and make sure you have a strong backup/security strategy.
    Hacker, Pirate, Milf Hunter, Owner of Bitcoin Garden

    linmiao

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    Re: All crptocurrency at a single exchange.
    « Reply #2 on: April 09, 2018, 05:09:36 PM »
    if you going to keep on exchange, best to keep on multiple. spread risk. still unsafe but better than one

    Alicia

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    Re: All crptocurrency at a single exchange.
    « Reply #3 on: April 10, 2018, 03:19:13 PM »
    CoinSwitch Adds 31 New Coins

    We are happy to announce that we are adding 31 new coins. Now you can instantly exchange these coins from CoinSwitch.co.
    Following is the list of the newly added coins:
    GladiusToken(GLA)
    UTRUST(UTK)
    Fortuna(FOTA)
    Odyssey(OCN)
    Blockport(BPT)
    Zeepin(ZPT)
    Oyster(PRL)
    Achain(ACT)
    RChain(RHOC)
    THEKEY(TKY)
    Dent(DENT)
    DeepOnion(ONION)
    carVertical(CV)
    SingularityNET(AGI)
    QLINK(QLC)
    Trinity Network Credit(TNC)
    KickCoin(KICK)
    Dragonchain(DRGN)
    IHT Real Estate Protocol(IHT)
    DeepBrain Chain(DBC)
    LATOKEN(LA)
    DADI(DADI)
    Electrify.Asia(ELEC)
    Telcoin(TEL)
    KuCoin Shares(KCS)
    BOScoin(BOS)
    Credits(CS)
    Loom Network(LOOM)
    Jibrel Network(JNT)
    TrueFlip(TFL)
    Polymath(POLY)
    This development comes in as a part of our commitment to provide our users with access to exchange most cryptocurrencies on our platform. In the coming weeks, we will be adding support for more exchanges and coins.
    Here is a 90-second video guide on how to exchange coins on CoinSwitch:

    About CoinSwitch:
    CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator. It provides exchange service of 275+ coins and over 45,000 pairs from leading exchanges like KuCoin, Bittrex, Cryptopia, ShapeShift, Changelly, Evercoin, Changer, and KuCoin. It provides an easy way for users to trade coins across multiple exchanges based on price and reliability.
    Please do write us to [email protected] if you have any queries.
    Happy switching

    Alicia

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    Re: All crptocurrency at a single exchange.
    « Reply #4 on: April 11, 2018, 03:07:23 PM »

    1. Bear Market ‘Largely Over,’ Crypto Fund Manager Claims
    Timothy Enneking, managing director of Crypto Asset Managment, LP, said that the winter in cryptocurrency markets is “largely over”. Asset consolidation, regulatory concerns, massive liquidation by the Mt. Gox trustee and startups’ selling crypto assets to pay salaries and expenses are all factors in the market’s overall decline. Now the market should start rebounding soon. Read more at CoinDesk.
    2. Indian Government Think Tank Trials Blockchain to Combat Fake Meds
    Indian government think tank is working on a blockchain solution aimed to combat the country’s roaring counterfeit drugs trade. The National Institution for Transforming India, known as NITI Aayog, aims to have a proof-of-concept (PoC) of the solution completed by the end of 2018 and begin rolling it out next year. Read more at CoinDesk.
    3. Here’s How Taxes Are Harming Bitcoin’s Usefulness as a Payment Method
    While most of the early buzz around Bitcoin centered on it as a new, fast, cheap and permissionless method of online payment, the focus has moved from medium of exchange to store of value over the past few years. t’s clear that bitcoin is useful for censorship-resistant payments that may not otherwise be possible without this new technology. Read more at BitcoinMagazine

    https://blog[dot] coinswitch[dot] co/crypto-headlines-april-11-2018-7cfbeeec9190

    Alicia

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    Re: All crptocurrency at a single exchange.
    « Reply #5 on: April 12, 2018, 03:07:35 PM »

    How to claim eosDAC tokens?
    According eosDAC website - All Ethereum accounts that have 100 or more EOS tokens in them at the snapshot on the 15th April will automatically receive the airdrop. Any accounts with less than 100 tokens will not automatically receive the airdrop but will be eligible (until 15th May 2018) to apply through a method, which will not require any personally identifiable data.

    Jain

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    Re: All crptocurrency at a single exchange.
    « Reply #6 on: April 13, 2018, 08:36:04 AM »
    I've read all your information that you shares and I really love it. Thank you for sharing this post. I appreciate it.

    betcoinworld

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    Re: All crptocurrency at a single exchange.
    « Reply #7 on: April 13, 2018, 11:14:16 AM »
    It is a general notion that all the coins should not be kept at a single exchange. However, Betcoin is a platform that supports multiple currencies in a single wallet. Currently, it supports BTC, ETH, Litecoin and a few more coins. It is expected to expand in the future.

    MikelZero

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    Re: All crptocurrency at a single exchange.
    « Reply #8 on: April 15, 2018, 07:08:43 PM »
    It's a bad thing to do if you let all your coins in one exchange. All of them will be lost instant if gets hacked. Only put your coins in exchange for trading purpose and some of your coins will be in mew and other cold wallets.

     

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