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RE: [Poll] Where are you keeping your crypto? Hardware wallet, exchange, private wallet, other?

in #cryptocurrency7 years ago

Usually an individual has a wallet developed. I use that and then encrypt and back-up. I have ERC-20 coins on MEW.

Cobinhood uses cold storage and has insurance. It's the only exchange that I don't mind holding crypto on for a long time, but right now i don't have much on there.

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I haven't checked Cobinhood out.. is it live yet ? I wasn't aware. All I know is they came with a bang and free trade fees during their announcement, but then all the news went silent! Kind of wondering why... free trade fees sounds pretty great (except for bot-manipulation.. could just buy up your own sell orders to increase the price)

Cobinhood is active. They had a few issues out of the gate. The biggest was withdrawals, but now they have that fixed. If you do a lot of trading, then i bet most a person will tolerate these issues because they are normal at the start andthey are saving on trading fees (there are still withdrawal fees). I use Cobinhood whenever I can and have not any issues with using them.

I would really dig an exchange that had higher trading fees but no withdrawal fees....
I don't trade all that often, but when I do I don't want to take an extra $15 hit because I don't store my funds on the exchange

yeah it depends on how much you trade.

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