Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B
by
dabbur
on 31/01/2021, 17:38:18 UTC
Hi, which wallet is suggested for holding KMD.


Many Wallets

Ledger Wallet / AtomicDex / Guarda Wallet / AtomicWallet / Coinomi Wallet / Zencore Wallet
I HODL my KMD coins in Binance. because no one knows when the price start dropping and I need an urgent sale to secure my portfolio value. it is not only safe but also gives profit sometimes for trading.


This is really a weird argument to keep your coins on a centralized exchange. You can usually send your coins confirmed to Binance within half an hour. There would have to be a monster drop, which you then have to notice in time, so that there is really an advantage in keeping the coins on the exchange.

You do not trade a lot, right? The major advantage at an exchange is that you can place a stop loss order and if market has enough liquidity you dont have to fear a sell off. And than you can go to sleep.