Post
Topic
Board Altcoin Discussion
Re: Where do you hold your coins?
by
ramsdaj28
on 26/11/2017, 02:17:51 UTC
So i'm new to cryptocurrency, actually just started 2 days ago, was reading about cryptocurrency, and stumbled upon Neblio and decided to go for it.

Now i'm holding about 600$ worth of Neblio on Cryptopia, which i'm fairly certain it will reach at least 2x, but aiming at x4 early next year to be honest.

Anyway, i want to sit on the Neblio for a while, but i don't want to have it hostage on an Exchange, so what are the best and safer solutions, Desktop and Online to hold he currency?
I won't encourage you to hold your coins in exchanges sites for it is not safe even if you have a 2FA. There's already a lot of issues regarding these exchanges sites (I won't mention them to show respect). Although most of these problems are not the developers' fault, we can't deny that if something happened to our account, there's nothing we can do about it.

I will recommend you to use desktop wallets or the local wallets (official wallets of your country). The one that I am using now is an android app wallet called imToken for ethereum and ethereum-based tokens (ERC-20 supported) and the official bitcoin wallet of my country. Holding your coins in these wallets are more safer than dumping your coins in exchange sites. There are other desktop wallets that are great and safe. You just need to keep your private key and other important details of your wallet to keep it secured and safe.