Quote from: magneto on July 02, 2017, 05:54:44 AM

Quote from: Gouverne on July 01, 2017, 01:38:40 PM

Hello everybody,

I have a question :
How do you keep your fiat at hand to buy bitcoin when you feel it's the right time?
Indeed it takes 2 days to get a SEPA transfer on a exchange plateform. So where do you keep you fiat? On the exchange platform?

Thank you

For instance I think right now I should buy some crypto because the market is low... But I'm waiting for my SEPA transfer !

I suggest that you keep some USDT coins at hand just in caes you want to trade some for bitcoin for cheap.

However, keep the majority in your bank account because USDT's value depends solely on whether the company is paying out withdrawals or not. If bitfinex has another hack(bitfinex is the parent company of usdt, pretty sure), then your funds are going to be in danger. Though the advantages of having usdt instead of fiat in your bank is that you'll be able to get almost instant deposits onto exchanges.

Another way is just storing it on an exchange, as you said, but imo that's even riskier than USDT.

So your advice to keep his funds secure is a coin that you acknowledge yourself is a riscky altcoinshitscam.

Best way to negate the risk would be to go with multiple exchanges if you really want to have money at your disposal at any given time.
But as in the previous post, think twice about the gains and the risks.