Wallet or Exchange?

[Mahiyammahi]

Well if you wanna sell a token you have to see where's it listed?  Is it in any cex or dex.
If you like to be secured and wanna get a taste true decentralized system in crypto, dex is best I mean wallet. If you don't wants so difficulty cex is good for you.
Overall depends on your taste . If you looking for a little bit cost cutting then Cex is also useful for you cause cex don't charges any network fees for trading.

I hope you get my point

[Taskford]

Hello,
For buy and sell coins and token, a wallet is better or an exchange? Which one is cost effective?


Thank you.

I am also new in crypto trading, but I prefer using exchange to buy coin so as to avoid unnecessary transaction fee in the name of sending the coin from wallet to exchange, also to avoid some mistakes and transaction error while sending and receiving token from wallet to exchange.

For buying and selling option its really good to store your balance on exchange since we might miss some good opportunities to enter if we are storing our funds on our personal wallet but we need to choose always the best exchange for this knowing that hacking is rampant and we should be more aware about phising since this attack exist even know. But eventhough how trusted the exchange is we also need to withdraw whatever profit we get so that we can secure our capital little by little and take it out on exchange and lessen the risk of losing everything if hacking occurs.

[Smartvirus]

Apparently, both seeve same purpose but has a few advantages over the other. One of those is in the sense that,

For an exchange,
Though the coin might be allocated to your user on there platform, it ain't entirely yours. This is true in the world of cryptos as it is said, not your keys, not your coin. In the case of an exchange, the  exchange holds the keys and as such, owns the coins. Your only given a leverage to use its platform.
Another advantage that follows is in the sense that, you can trade or swap coins on an exchange more easily.

For a wallet,
It's measure advantage is that, your entirely in charge of your affairs as, your private key's safety is entirely up to you and so is your coins.
A wallet as it is now, is impossible or not susceptible to a hack.

So, its all your choice on what to go with based on your purpose.

[Ryker1]

Well if you wanna sell a token you have to see where's it listed?  Is it in any cex or dex.
If you like to be secured and wanna get a taste true decentralized system in crypto, dex is best I mean wallet. If you don't wants so difficulty cex is good for you.
Overall depends on your taste . If you looking for a little bit cost cutting then Cex is also useful for you cause cex don't charges any network fees for trading.

I hope you get my point

Well when we are talking about the fees and having an option of wallet and exchange, I will prefer to choose an exchange and it is a centralized exchange that commonly has low fees. Buy and sell in your wallet is usually has high fees, just like the Coinomi app wallet, I used this before buying and selling crypto but I did not know that I have terrible fees to pay which is what I realized after having a third transaction there. The best is a centralized exchange and I am using Binance since there is an option that you can minimize your fees but for other reasons, a wallet is the best and safe to store your crypto, not on the exchange.

[Luffygroove]

An old piece of advice in the crypto world says "never keep your assets in a big amount for too long in exchangers". There are many examples of hacking, scamming, and other problems that happened with exchangers. Just send some of the assets that are prepared for trading in the exchangers. I think it only applies to CEX, cause as we know now there's a simpler, easier, and safer way to trade which is DEX. We just have to connect our wallet to the DEX anytime we need it. However, I know the trading experience might be different.