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RE: Cryptocurrencies Top $101 Billion in Market Capitalization (With Price Predictions)

in #bitcoin7 years ago

I am have run 16 myself lol. All depends are these things you plan to hold long term? Its just not too advised by most in crypto to keep money long term on any exchange. If your new you might want to read up on what happened to people with the MT GOX fiasco, millions was lost, well stolen by that exchange basically and since its been always advised to hold your coins in your own wallets with your own keys. You could look at wallets like JAXX WALLET who host most of the bigger coins in one wallet or EXODUS wallet who also host a few of them in one place. I just don't ever keep mine on the exchanges, but some people do...but its always at your own risk. That money on the exchange is technically not yours while its there, seen an article on this a long time ago that its technically theirs because they hold the keys, but they won't usually steal from anyone because its a business but if a hacker gets in there which they try, its not insured so at your own risk. Just trying to give you the advice given to me.