uTalk

Official forum for Utopia Community

You are not logged in.

#601 2023-10-18 13:35:25

crpuusd
Member
From: Blockchain
Registered: 2022-12-13
Posts: 2,411

Re: Warning: Don’t leave your funds on an exchange/crypto service

CrytoCynthia;23711 wrote:
Comrade;23647 wrote:
Kelechi;23641 wrote:

I believe it’s to simply be open to correct and learn the right practices that would guide one’s stay and investment in cryptocurrency and limiting all forms of wrong decision

Some people are just lying on the middle belief of financial instabilities but when there is a good mentor then you can go miles to achieve better results.

You are right mate, a good mentor and the willingness to pursue greater results on an investment would produce good outcomes that are worth it

There are more potential that can be acquired having a good mentorship and resources supplies. When one work with another then the information systems is enlarged.

Offline

#602 2023-10-18 17:41:17

Europ
Member
Registered: 2023-05-23
Posts: 2,186

Re: Warning: Don’t leave your funds on an exchange/crypto service

crpuusd;23805 wrote:
CrytoCynthia;23711 wrote:
Comrade;23647 wrote:

Some people are just lying on the middle belief of financial instabilities but when there is a good mentor then you can go miles to achieve better results.

You are right mate, a good mentor and the willingness to pursue greater results on an investment would produce good outcomes that are worth it

There are more potential that can be acquired having a good mentorship and resources supplies. When one work with another then the information systems is enlarged.

The ideology to possesses a team is initially inquired to cover a large space of informational analytical phase. Its helps to speed up the time of gathering datas, identifying problem, construction of system etc

Offline

#603 2023-10-18 21:05:43

gap
Member
Registered: 2023-06-14
Posts: 1,925

Re: Warning: Don’t leave your funds on an exchange/crypto service

Europ;23820 wrote:
crpuusd;23805 wrote:
CrytoCynthia;23711 wrote:

You are right mate, a good mentor and the willingness to pursue greater results on an investment would produce good outcomes that are worth it

There are more potential that can be acquired having a good mentorship and resources supplies. When one work with another then the information systems is enlarged.

The ideology to possesses a team is initially inquired to cover a large space of informational analytical phase. Its helps to speed up the time of gathering datas, identifying problem, construction of system etc

These can be carried out in two different ways which are "Direct cooperation informational system" and the "Indirect cooperational system". Most direct are mostly used by an civil organization.

Offline

#604 2023-10-19 23:47:04

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 3,181

Re: Warning: Don’t leave your funds on an exchange/crypto service

Funds should in no way be left on an exchange, anything can happen which can cause coin loss to that individual

Offline

#605 2023-10-20 19:14:34

Dr-Hack
Moderator
Registered: 2020-11-20
Posts: 70

Re: Warning: Don’t leave your funds on an exchange/crypto service

It is still unfortunated that crypto influencers don't educate this because of their own vested interests , exchanges are NOT wallets ..

Offline

#606 2023-10-20 19:30:12

full
Member
Registered: 2023-01-06
Posts: 2,575

Re: Warning: Don’t leave your funds on an exchange/crypto service

CrytoCynthia;23853 wrote:

Funds should in no way be left on an exchange, anything can happen which can cause coin loss to that individual

Both holding cryptocurrency on an exchange and storing it oneself (in a personal wallet) have their advantages and considerations regarding security and benefits. Let's explore both options for to what do and not to do.

Offline

#607 2023-10-20 19:32:21

full
Member
Registered: 2023-01-06
Posts: 2,575

Re: Warning: Don’t leave your funds on an exchange/crypto service

Dr-Hack;23914 wrote:

It is still unfortunated that crypto influencers don't educate this because of their own vested interests , exchanges are NOT wallets ..

Yes, exchanges are not wallets but they introduce APY earnings for holding cryptocurrency on their platform. I think is among the reason why people use exchange as wallet.

Offline

#608 2023-10-21 01:00:07

oba
Member
Registered: 2023-01-13
Posts: 1,869

Re: Warning: Don’t leave your funds on an exchange/crypto service

full;23917 wrote:
CrytoCynthia;23853 wrote:

Funds should in no way be left on an exchange, anything can happen which can cause coin loss to that individual

Both holding cryptocurrency on an exchange and storing it oneself (in a personal wallet) have their advantages and considerations regarding security and benefits. Let's explore both options for to what do and not to do.

Holding Cryptocurrency on an Exchange provide a user-friendly interface, making it easy to manage and trade cryptocurrencies.

Offline

#609 2023-10-21 01:00:26

joanna
Member
Registered: 2023-01-10
Posts: 3,855

Re: Warning: Don’t leave your funds on an exchange/crypto service

oba;23941 wrote:
full;23917 wrote:
CrytoCynthia;23853 wrote:

Funds should in no way be left on an exchange, anything can happen which can cause coin loss to that individual

Both holding cryptocurrency on an exchange and storing it oneself (in a personal wallet) have their advantages and considerations regarding security and benefits. Let's explore both options for to what do and not to do.

Holding Cryptocurrency on an Exchange provide a user-friendly interface, making it easy to manage and trade cryptocurrencies.

On exchanges, it is generally easier to convert cryptocurrencies into fiat currencies or trade between different assets due to high trading volumes.

Offline

#610 2023-10-21 01:01:09

oba
Member
Registered: 2023-01-13
Posts: 1,869

Re: Warning: Don’t leave your funds on an exchange/crypto service

joanna;23942 wrote:
oba;23941 wrote:
full;23917 wrote:

Both holding cryptocurrency on an exchange and storing it oneself (in a personal wallet) have their advantages and considerations regarding security and benefits. Let's explore both options for to what do and not to do.

Holding Cryptocurrency on an Exchange provide a user-friendly interface, making it easy to manage and trade cryptocurrencies.

On exchanges, it is generally easier to convert cryptocurrencies into fiat currencies or trade between different assets due to high trading volumes.

Reputable exchanges implement security measures such as two-factor authentication (2FA), encryption, and cold storage to protect user funds.

Offline

#611 2023-10-21 01:01:30

joanna
Member
Registered: 2023-01-10
Posts: 3,855

Re: Warning: Don’t leave your funds on an exchange/crypto service

oba;23943 wrote:
joanna;23942 wrote:
oba;23941 wrote:

Holding Cryptocurrency on an Exchange provide a user-friendly interface, making it easy to manage and trade cryptocurrencies.

On exchanges, it is generally easier to convert cryptocurrencies into fiat currencies or trade between different assets due to high trading volumes.

Reputable exchanges implement security measures such as two-factor authentication (2FA), encryption, and cold storage to protect user funds.

Trusted exchanges comply with regulatory requirements, increasing the likelihood of a secure and compliant trading environment.

Offline

#612 2023-10-21 01:02:14

oba
Member
Registered: 2023-01-13
Posts: 1,869

Re: Warning: Don’t leave your funds on an exchange/crypto service

joanna;23944 wrote:
oba;23943 wrote:
joanna;23942 wrote:

On exchanges, it is generally easier to convert cryptocurrencies into fiat currencies or trade between different assets due to high trading volumes.

Reputable exchanges implement security measures such as two-factor authentication (2FA), encryption, and cold storage to protect user funds.

Trusted exchanges comply with regulatory requirements, increasing the likelihood of a secure and compliant trading environment.

Keeping Cryptocurrency Personally gives you complete control over your private keys, which are necessary for accessing and transferring your funds.

Offline

#613 2023-10-21 16:52:29

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 2,385

Re: Warning: Don’t leave your funds on an exchange/crypto service

oba;23945 wrote:
joanna;23944 wrote:
oba;23943 wrote:

Reputable exchanges implement security measures such as two-factor authentication (2FA), encryption, and cold storage to protect user funds.

Trusted exchanges comply with regulatory requirements, increasing the likelihood of a secure and compliant trading environment.

Keeping Cryptocurrency Personally gives you complete control over your private keys, which are necessary for accessing and transferring your funds.

The crypto currency is one eligible trade secured zone that estimated risk and cooperate with users needs or total state of ownership to intercept a very condulsive environment for services and storage.

Offline

#614 2023-10-21 17:50:31

crpuusd
Member
From: Blockchain
Registered: 2022-12-13
Posts: 2,411

Re: Warning: Don’t leave your funds on an exchange/crypto service

It's a vessel or vaccum system that affiliate users commodities and expenditure to launch impenetratively and safer.

Offline

#615 2023-10-21 19:36:05

Europ
Member
Registered: 2023-05-23
Posts: 2,186

Re: Warning: Don’t leave your funds on an exchange/crypto service

crpuusd;23961 wrote:

It's a vessel or vaccum system that affiliate users commodities and expenditure to launch impenetratively and safer.

The section that support the existence of the system deliberate on the safe passage and smooth conducted services flow within the ecosystem. The policy created such a wonderful relentless strength for the over space.

Offline

#616 2023-10-22 21:37:27

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 3,181

Re: Warning: Don’t leave your funds on an exchange/crypto service

No amount of funds should be left on an exchange, because it might turn a habit and may be lost from there, so small or little no amount of reason should equal why anyone would trust their coin on an exchange

Offline

#617 2023-10-23 19:22:33

Kelechi
Member
Registered: 2022-12-25
Posts: 3,040

Re: Warning: Don’t leave your funds on an exchange/crypto service

I haven’t had any issue on any exchange before now, but it’s so wrong to leave no matter the amount of coin on an exchange especially one you are not too sure of guys

Offline

#618 2023-10-23 20:51:07

KAMSI_UG
Member
Registered: 2022-12-26
Posts: 2,771

Re: Warning: Don’t leave your funds on an exchange/crypto service

The need to watch out for fake cryptocurrency exchange platforms is highly recommended.  It can happen at any time.  That's why you don't leave your money there no matter what. Once you are done trading you remove your money from there immediately.  You don't store your money there.

Offline

#619 2023-10-25 00:52:55

full
Member
Registered: 2023-01-06
Posts: 2,575

Re: Warning: Don’t leave your funds on an exchange/crypto service

oba;23945 wrote:
joanna;23944 wrote:
oba;23943 wrote:

Reputable exchanges implement security measures such as two-factor authentication (2FA), encryption, and cold storage to protect user funds.

Trusted exchanges comply with regulatory requirements, increasing the likelihood of a secure and compliant trading environment.

Keeping Cryptocurrency Personally gives you complete control over your private keys, which are necessary for accessing and transferring your funds.

With proper security practices, such as using hardware wallets or secure software wallets, you can mitigate the risk of hacking or exchange breaches.

Offline

#620 2023-10-25 00:55:04

joanna
Member
Registered: 2023-01-10
Posts: 3,855

Re: Warning: Don’t leave your funds on an exchange/crypto service

full;24201 wrote:
oba;23945 wrote:
joanna;23944 wrote:

Trusted exchanges comply with regulatory requirements, increasing the likelihood of a secure and compliant trading environment.

Keeping Cryptocurrency Personally gives you complete control over your private keys, which are necessary for accessing and transferring your funds.

With proper security practices, such as using hardware wallets or secure software wallets, you can mitigate the risk of hacking or exchange breaches.

Keeping cryptocurrency personally can safeguard your personal information from being associated with your holdings.

Offline

#621 2023-10-25 05:17:51

Comrade
Member
From: Utopia App Client
Registered: 2022-12-30
Posts: 2,385

Re: Warning: Don’t leave your funds on an exchange/crypto service

joanna;24202 wrote:
full;24201 wrote:
oba;23945 wrote:

Keeping Cryptocurrency Personally gives you complete control over your private keys, which are necessary for accessing and transferring your funds.

With proper security practices, such as using hardware wallets or secure software wallets, you can mitigate the risk of hacking or exchange breaches.

Keeping cryptocurrency personally can safeguard your personal information from being associated with your holdings.

Keeping crypto currency can also helps to manage other revenue provided as a seperate financial stored capital that can be useduf for future use

Offline

#622 2023-10-25 21:04:11

crpuusd
Member
From: Blockchain
Registered: 2022-12-13
Posts: 2,411

Re: Warning: Don’t leave your funds on an exchange/crypto service

Comrade;24203 wrote:
joanna;24202 wrote:
full;24201 wrote:

With proper security practices, such as using hardware wallets or secure software wallets, you can mitigate the risk of hacking or exchange breaches.

Keeping cryptocurrency personally can safeguard your personal information from being associated with your holdings.

Keeping crypto currency can also helps to manage other revenue provided as a seperate financial stored capital that can be useduf for future use

Covering a wide space of investment source of income can help to minimize lose . There are more stability and economical instability

Offline

#623 2023-10-25 22:21:53

Europ
Member
Registered: 2023-05-23
Posts: 2,186

Re: Warning: Don’t leave your funds on an exchange/crypto service

In the space of times things already go round to make things more necessarily inquired for.  The basic environment can actually be more persuasive than expected and thats why the need to possessed a secured investment source.

Offline

#624 2023-10-26 21:22:58

KAMSI_UG
Member
Registered: 2022-12-26
Posts: 2,771

Re: Warning: Don’t leave your funds on an exchange/crypto service

If they don't think their cryptocurrency is properly secured, some traders choose to invest in a crypto wallet to hold their coins offline so to make more money in the future.

Offline

#625 2023-10-26 22:04:07

Kelechi
Member
Registered: 2022-12-25
Posts: 3,040

Re: Warning: Don’t leave your funds on an exchange/crypto service

Comrade;24203 wrote:
joanna;24202 wrote:
full;24201 wrote:

With proper security practices, such as using hardware wallets or secure software wallets, you can mitigate the risk of hacking or exchange breaches.

Keeping cryptocurrency personally can safeguard your personal information from being associated with your holdings.

Keeping crypto currency can also helps to manage other revenue provided as a seperate financial stored capital that can be useduf for future use

Without it loosing its value depending on good the market is, the best saving decision anyone would make will be to save in cryptocurrency for future purposes or use

Offline

Board footer

Powered by FluxBB