All crptocurrency at a single exchange?

hasyu

Contributor
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.
 

Betcoin

Contributor
It doesn’t sound like a great idea to store all the cryptocurrencies at a single exchange. There involves a huge risk since there are high possibilities of losing all the coins. However, BetCoin a native cryptocurrency exchange system possesses a unique feature which allows to store multiple cryptocurrencies in a single wallet.
 

Klimasa

Contributor
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.
I agree with you that it is dangerous to keep all the coins on the stock market. Unless for a short period of time, but otherwise you can lose a lot.
 

trivanksvinks

Contributor
Cryptobulls Exchange is one of that best crypto trading platform where you can play out any trading exchange in different sorts of digital forms of money from bitcoin to ethereum to litecoin and numerous others in an anchored situation.
thanks..
 

Mario Thomas

Contributor
Yes, it is good to exchange all the cryptocurrencies at a single exchange. We should not keep any coins on the exchange instead we can keep on the wallet and exchange all at a single exchange. Coinswitch is one such exchange, where it aggregates all the exchanges and supports all the coins of different exchanges. It does not hold any coins, so it is secure.
 

Mike Jones

Contributor
First of all, keeping your coins at any custodial exchange, i.e exchanges which store your coins is a pretty unsafe way of dealing with your hard earned money, you should rather use instant exchanges like Changelly, Shapeshift, Coinswitch etc.
 
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