Guys, I am new here and have a general question. I currently have 100,000 TRX tokens in binance. They change value every day as we know its fluctuating between .059 to .090 My question is that should I leave my TRX tokens in the binance exchange and watch there value go up and down or move them to a wallet (hardware wallet). Lets say if i move them to my wallet and a few months late TRX goes up to 0.90 cents. Would I be able to transfer them back to a exchange and cash them?
If some one can clear it for me in easy words i would greatly appreciate it. I invested $5900 in TRX so far and been reading about it.
Thanks guys !
wallet and exchange is something different but has an equation, which is the wallet is where to store altcoin (like TRX you have), whereas exchange is a place to exchange coins you have like TRX you have to ETH, so if you save in wallet or exchange your coin value (TRX) is the same value (the price). my suggestion is better is your TRX keep in binance, because if you move to wallet and when the price goes up you move again to exchange (binance), you will loss because you pay 2x fee, which is where you first transfer your TRX from exchange (binance) to wallet, and the second when the price rises you transfer your TRX from wallet to exchange (binance).
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