Is the newly bought bitcoin safer on the exchange or better in the wallet? Today, let's talk about whether the bitcoin you bought is put in the exchange or in the wallet. Everyone has different opinions on this question. This question is equivalent to whether it's better for you to put your money in the bank or take it in your hand. However, there is no absolute answer to this question, Just like preventing the risk of market decline, you may have some means to improve the safety factor, but you can't avoid all the risks, including where bitcoin is safe. To deal with this problem, you can only do it differently from person to person.
For the money hoarders, they are investors who hoard bitcoin for a long time and won't sell it in the short term. Their biggest feature is that they only buy and don't sell it in general. For these people, my suggestion is not to put it in the exchange or withdraw money from their wallet after each purchase, because most of the money hoarders are mainly in the form of fixed investment, The fixed investment is a process of adding up a little and making a lot. In the case of high probability, the number of bitcoins we buy each time is actually very small. For example, the number of bitcoins we bought about 1000 yuan a week was about 0.02. If we mention our cold wallet after each purchase, the final number of coins I will invest will be 2.5% less than now, That is to say, when you buy a bitcoin, there are only 0.975 left. As for the remaining part, it is a handling charge from the exchange to the wallet, because the handling charge for withdrawing coins in the exchange is generally 0.000 5 bitcoins, so each withdrawal requires so many handling charges.For example, if you withdraw 0.02 fixed investment per time according to this handling fee, it is equivalent to charging me 2% every time. The accumulated figures are absolutely unimaginable. Therefore, my practice is to wait until the fixed investment bitcoin has accumulated to a certain amount, and then mention your cold wallet for storage at one time, because the handling fee for one bitcoin is the same as that for 10 bitcoins, or 0.02 bitcoins, It is almost possible to ignore the existence of handling charges and achieve the ultimate accumulation. As a money hoarding party, it not only achieves the effect of hoarding money, but also avoids the risk of collapse due to the emergence of black swans in the exchange.
The second case is for the novice Xiaobai who has just entered the circle, because most of them are novices who will ask this question. My personal suggestion is to put the currency on the exchange first for the following reasons:
1. Novices are not familiar with wallets and many concepts are vague. I saw in the comments before that many people can't figure out what hot money bags and cold wallets are, but I have to admit that these wallets of blockchain are really brain damaging. It's difficult for a newcomer to understand them. Once you lose your private key or are stolen by hackers, Then your chances of getting it back are almost zero.
2.99.99% of the cases, these exchanges will not have the problem of being unable to withdraw cash, because the business model of the large exchange has been formed, and it can receive handling fees almost every day, which can make a normal profit rate. It is unnecessary for him to do something unfavorable to himself.
3. If the exchange password is lost, you can get it back through the system mobile phone or binding email. However, the wallet can't do this. Some newcomers can't stand loneliness and will trade a few at the beginning. I think we have to control their own hands first and then their bitcoin wallet, This will be a more reasonable order.
For newcomers, I suggest putting it directly into the exchange. The handling fee of bitcoin withdrawal is actually very expensive. As a novice with small capital, it is a little overloaded. For old leeks with small capital, it is also recommended to put it in the exchange for the same reason. The withdrawal procedure is too high. For novices with large capital, My suggestion is to find out the concept of wallet at the first time, what is cold wallet and hot wallet, and then put about 50% of the assets in the wallet to avoid the occurrence of the black swan incident. For the old leek with a large amount of capital, I don't need to say more. They have rich capital experience. However, here's a little suggestion. For such people, it depends on their own trading needs to determine the proportion of your trading needs, so how much proportion of funds you can put in the exchange, not only because of the handling fee, but also because of the timeliness. We all know that bitcoin transfer is actually very slow, Generally, it takes about half an hour to start trading. Maybe you find an opportunity in the market. When you transfer money from your wallet to the exchange, the gap opportunity of this operation may have disappeared.
Both the wallet and the exchange have their own advantages and disadvantages. The exchange is easy to manage and trade. However, there is the possibility of the black swan incident. It is relatively safe to keep it in your wallet, but you are also easy to lose it if you are unable to keep the private key, In addition, there is no bitcoin at the transaction demand level. Is it better to put it in the security of the exchange or the wallet? Safe at the exchange.
Of course, some people put their assets in several wallets to spread the risk. Even if they pour one, there are other assets
Custody of assets and investment is actually a truth. There is no absolutely good way of asset allocation and no absolutely safe way of custody.
