Post
Topic
Board Altcoin Discussion
Re: Best wallet for altcoins ?
by
posi
on 02/09/2022, 21:44:28 UTC
Actually, storing assets on a fairly trusted exchange like Binance is also good because we can make transactions faster when we want to release assets and maybe we can use these assets to follow some events that are given to the market so that we can not only store them but we can take advantage of the assets. us to get extra when we save it and for security obviously we can secure better because of the second level of security if we have verified.
If you are a day trader, storing assets on centralized exchanges is a must but there is nothing safe here, assets stored on the exchange are not your money at all, they can freeze or lock your account at any time and worse if the centralized exchange goes down, you won't be able to get your money back either. "Not my keys, not my money", I think you are also familiar with this saying. Just keep enough coins for your daily trading on the exchange and your long-term holdings are better put them in your personal wallet where you keep the private key.