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Author Topic: Exchange or Wallet?  (Read 7115 times)
marn6767
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July 14, 2018, 11:48:19 PM
 #2601

I certainly do not recommend that you keep your crypto assets on the stock market if you do not buy it. You may be exposed to any hacking event and lose your assets. Take care to keep it in your purses as much as possible

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LS Crypto
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July 15, 2018, 12:04:58 AM
 #2602

And so and so, depending on the tasks, the amount. For long storage, you can even keep tokens on a cold purse. For trades in both short and medium distances, of course the stock exchange. And preferably not one exchange, minimizes risks, I think it's better on three exchanges

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July 15, 2018, 12:07:13 AM
 #2603

I have a question.

What is better? To keep your coins on some Exchange site or to open wallets for each coin?

I would like to hear some advice.  What are pros & cons of each option?

Thanks

I'd say you're better off having an open wallet but even that is not safe.. Why not just have a hardware wallet for your digital money so that you won't fear of it being hacked by others?

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July 15, 2018, 12:09:48 AM
 #2604

IT DEPENDS ON ITS OBJECTIVE IF IT IS INVESTING OR SIMPLY NEGOTIATING FOR ETHERDELTA USE MY RECORDS ARE IN CONTRACT

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Kewulea
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July 15, 2018, 08:53:11 AM
 #2605

It is smarter to store your coins in a wallet. Once an exchanging stage is hacked say farewell to your dearest coins. In spite of the fact that having your coins in a trade is very profitable as well, suppose the cost of the coin all of a sudden went up, you can without much of a stretch exchange it. Having it in your wallet, it will require a long while to be affirmed and amid this time cost may have just dropped.

In case you're in with holding the coin for quite a while, store it in a wallet, and simply exchange it at whatever point you're prepared or you truly need to.
Milka86
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July 15, 2018, 09:14:12 AM
 #2606

If a long-term investor-then of course keep on your wallet , which is better not to show the password anywhere. If the trader-it is more profitable to keep them in exchange . But do not forget that hackers are everywhere - so no one will give a 100% security guarantee

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July 15, 2018, 11:43:03 AM
 #2607

Exchange is not a good place to keep (HODL) your crypto coins. Indeed it's easy not to deal with finding suitable wallet software but exchanges do not share private keys with you. So that means your funds on exchange in fact are not yours. So please do not use exchanges as wallets. If you are not a day trader, HODL your coins in wallets that you own the private keys.good luck with your invest !

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July 17, 2018, 12:28:14 AM
 #2608

It is smarter to store your coins in a wallet. Once an exchanging stage is hacked say farewell to your darling coins. In spite of the fact that having your coins in a trade is very invaluable as well, suppose the cost of the coin all of a sudden went up, you can without much of a stretch exchange it. Having it in your wallet, it will require a long while to be affirmed and amid this time cost may have just dropped.

In case you're in with holding the coin for quite a while, store it in a wallet, and simply exchange it at whatever point you're prepared or you truly require
sabine80
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July 17, 2018, 12:31:01 AM
 #2609

the best thing is to have your coins offline on a wallet with a lot of backups. so i can sleep peacefully.

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July 17, 2018, 12:32:39 AM
 #2610

I would suggest offline wallet if you are a long term holder. Offline wallets are the safest way to store your crypto. In case if you are a trader, you better go with some renown exchanges like Binance to avoid theft.

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July 17, 2018, 12:38:40 AM
 #2611

It is smarter to keep your token and coin on your own wallet since I've perused a few posts about their coins missing on activity on their trade record and it bothers me a bit, so I keep my coins on my wallet and just send it to trade on the off chance that I have to exchange from one coin to each coin or when I have to transform my coins into money.

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July 17, 2018, 12:41:27 AM
 #2612

As the names suggest already, exchange and wallets have their unique functions which is particular to each of them. Wallets are used for storing coins for longer time under good security whereas Exchanges are used for trading coins and holding them for temporary use. Exhange wallets do not offer much security as they are susceptible to attacks from hackers.

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Today at 11:38:07 AM
 #2613

Wallet is more secure than exchange
cubukkraker
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Today at 11:44:43 AM
 #2614

I suppose it depends on your aim. If you are going to trade it should be Exchange. But if you want to HODL it should be wallet

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Today at 11:47:05 AM
 #2615

I am using both. I put some on the exchange for immediate trading and some to my wallet for safety and long term hold. Some exchange gives dividends while holding coin in their exchange. Kucoin for example.

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