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RE: [Poll] Where are you keeping your crypto? Hardware wallet, exchange, private wallet, other?
so now i'm not so sure about it... but i have most of my coins on exchanges, it give me bigger liquidity... but i think its manly because i fill safe for some reason and i am a bit lazy too haha... like to start looking for which coin goes into what wallet... nothing rational maybe it is time to move things around....
I know what you mean, it's really convenient to keep on the exchange and it shows you that nice combined dollar figure ticker for your entire account!
But it's really a risk..
What you could do, as an alternative, is identify those coins which you really want to hodl for the long term, and only move those into wallets. Kind of go 50/50 on the amount of hassle involved and the security it provides. For example, you could choose to move all of your BTC or ETH to a private wallet, but keep the minor holds in other altcoins on the exchange. Or perhaps you have a large stake in something in particular that would be interesting to secure. That way if something goes wrong, you always have the other stash... And only have to figure out how 1 or maybe 2 wallets work.
P.S. Ethereum addresses can hold about 50% of all the crypto's out there since they are ERC20 tokens. That means you only need a single wallet, and you can transfer both your ETH there but all the erc20 tokens too.. so basically EOS, BAT, OMG, and plenty of other popular ones. Makes it far less of a hassle than having to make wallets for each one individually