Quote from: TWW on Today at 02:54:45 PM

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Quote from: Cryptmuster on Today at 09:45:26 AM

Quote from: Om.monata on September 11, 2021, 11:18:38 PM

each exchange has its own differences, I see that currently the most prioritized is the transaction fee. if an exchange has a small transaction fee I think it can be faster to develop than an exchange that has a high transaction fee. This is what many people talk about nowadays.

But what if the exchange has the lowest commissions, but there are many reviews regarding this exchange that it freezes accounts, or funds disappear from the accounts? Of course, all this can be avoided if you do not store your funds on the exchange, which will be the most correct decision. Probably the commission indicator is not the most important, although many people certainly pay attention to it.

Indeed, commission is one of the considerations for choosing an exchange in certain situations, but for me the security of funds is the most important, especially for those who use large funds, so they will prefer to use a trusted and recommended exchange. but for small-scale transactions, I personally prefer to use exchanges with low fees, but I don't put long-term funds there, I even withdraw them directly to my wallet, to avoid unwanted things

you are very careful with the security of your assets. but it's true. we just need to put our money in exchange only for traded assets. but for long-term investment assets, we can store them in a personal wallet.
but nowadays exchanges are also at risk of being hacked. no matter how good the system still needs to be updated. and we have seen how large exchanges have also been successfully hacked by hackers.
I prefer the high volume and also convenience that the platform provides. because I trade only for profit, so any way we are looking for a platform that can give us profit.

I personally prefer storing my long term investment in my personal hard wallet because I find it safer. Putting your eggs in one basket would be a lot risky since hacking is everywhere and that could possibly happen even in highly reputable top exchanges. Store funds in exchanges for a short-term period and trading purposes only and make sure to keep your long-term investment in a more secured wallet where hacking isn't possible.