Post
Topic
Board Altcoin Discussion
Re: Safeguarding funds , your funds on exchanges are safe?
by
luckyflop
on 04/11/2020, 07:41:43 UTC


The only part I disagree with is keeping any funds on an exchange. If you are going to trade put crypto on exchange, trade then pull off 100% until ypu are ready to trade again.  Might be a pain in the ass but if you always keep 20% of your stack on an exchange for trading it ultimately will will always get "hacked".  100% of your crypto should be kept in a place where you and only you own the keys

Yeah I understand, with all those hacking happened to Kucoin and rumors coming from Huobi, I think that is a wiser Idea to keep the money in a cold wallet and transfer them whenever we want to trade or just simply use DEXes like UNISWAP, but still, some of this yield farmings like Easyfi , APY finance, needs money locking in the website, they say no pain no gain and I say no risk no profit, the profit in the crypto market comes with risk and we need to find out each time if risk/reward would worth it or not in each trading, in each decision.