Keep all crypto in trading platforms or wallets?

[TedMosby]

if you are a daily trader, just keep your asset on an exchange market / trading platform. but if you are a long term investor, just store your asset on a safe wallet where you have full access into it.

based on my experience, becoming a daily trader to gain profit is good, but after do some calculation I realized that the profit that I got from trading is less than the profit that I might get from holding and do nothing  .
not sure if I am a bad trader or a bad holder. or both?

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[natsu01]

For me it is better to keep all the crypto you are holdings in your wallet because sometimes you can forget the coins you are holding because you cannot see it if you scan. If your crypto holdings is in your wallet you can assure that it is safe and you can easily detect which coin has the calue because you can easily scan it.

[Tamilson]

if you are a daily trader, just keep your asset on an exchange market / trading platform. but if you are a long term investor, just store your asset on a safe wallet where you have full access into it.

based on my experience, becoming a daily trader to gain profit is good, but after do some calculation I realized that the profit that I got from trading is less than the profit that I might get from holding and do nothing  .
not sure if I am a bad trader or a bad holder. or both?

Maybe your timing isn't right? IMO, and if you feel that way then try swing trading or just hold it. Day trading needs to be skillful and closely monitoring the market.

I'd rather do the long method rather than risking my coins in exchanges. We all know that if anything happens in exchanges they'll not refund what had been loss so better keep safe our coin in wallet. Exchanges isn't a wallet and it's solely for trading.

[haroldtee]

I'll probably repeat what most of other people say. If you want to trade daily,keep your money in exchanges. If you buy to HODL, then keep them in  wallet. Best is offline/paper wallet of course, but online wallets are fine as wel  if you don't have much money yet.

Even if you want to trade daily, only keep the fraction of money you can afford to lose in your exchange wallet to trade because nothing is guaranteed. Also, what I do is to make use of about 3 reputable exchanges (at least for now, as they all start out as reputable until they start acting up), and then with that, have some rest of mind a little that all of them cannot just close up at once. If you are holding anyway, the best is just to stick with a hardware wallet or at least a wallet where you have control over your funds.

[Happiest]

You might want to leave them in a platform or a cryptocurrency wallet the choice is yours. But please make sure you make a very good choice of the platform or wallet you want to use, by making a researching about it, reading their recent review, the service they offer. Choice a platform or wallet which have an excellent support service.
 This will enable you have answers to your  problem when the time comes. Hopefully, you won't encounter any problems.

[13abyknight]

Unless trading on a very regular basis, swapping out altcoins or trading them for BTC, it would never be wise to use exchanges as a medium for storage. Exchanges are the prime targets of hackers and since coins will actually be in the exchange's hot wallet, a breach would result in coins being lost. I would always prefer storing coins on standalone clients such as Electrum for Bitcoin.

[spring07]

I will like to approach this, this way:

What is your target or intention.
Do you want to trade and keep trading? If yes, then keep it in the exchnage.
Do you want to HODL, ie yes then keep it in your water.

Private wallets are better secured and less prone to hacks, even if hacked, there is a high chance you will not loose your cash/coins.
NOte: hacks are real oooh.

[davinchi]

For me it is better to keep all the crypto you are holdings in your wallet because sometimes you can forget the coins you are holding because you cannot see it if you scan. If your crypto holdings is in your wallet you can assure that it is safe and you can easily detect which coin has the calue because you can easily scan it.

Yea, I’m also in support of keeping your Bitcoins in your wallet, and not on trading sites, though I don’t really know how it works when you’re keeping your Bitcoins in a trading platform, but one thing I’m very sure is that real wallets can have more safer options to choose from… like you can go with hardware of paper wallets if you’re more concerned about your safety.

[vintages]

To prevent the loss of all your labours and coins do not ever make the mistake of leaving any of your cryptocurrencies in any trading platform Because there I always a tendency of been hacked or any sort of missing coins. You never can trust this platform. You should put your coins in a extremely secured wallet, remember you are your bank. When those coins are gone, its never coming back.
 

[joberror]

Both have advantages and disadvantages.

Exchange (Advantages)

- Easy to trade at any given time ones token(s) are deposited
- Lesser transaction fees

Exchange (Disadvantages)

- Security can be compromised in one way or the other.
- Some Exchange platforms are shady
- Withdrawal, at times, seems impossible or costly.

Wallet (Advantage)

- 100% access to your funds/ tokens
- The security depends on you alone (as you have its private key)
- Easier to watch/manage (Growth and Values).
- Altcoins Compatibility rate is high.
- Swapping and Staking

Wallet (Disadvantages)

- You lose all your funds/tokens and also your wallet ones your private key is stolen
- Higher transaction fees when trading

Exchange is better if you're into day-to-day trading while Private Wallet is good for Hodlers.

[Kevin77]

No never that to now. Many big exchanges like bittrex , poloniex , bitfinex are suddenly asking for verification and blocking users funds. Many even submitted there documents but it is still locked i would suggest you to trade on a exchange and withdraw instantly.
I also use shapeshift it doesn't have many coins so instead i transfer to exchange and withdraw instantly.

And also it's better if you buy a ledger or a trezor it's really important now storing on your pc also has many risks involved.

In fact, these are the main reasons why no one holding should even bother be looking forward to leaving their funds in an exchange wallet because at the end, you will really end up suffering such a move.

A lot of them ask for verification due to the policies surrounding where they operate and I really do not blame them and until we start having decentralized exchanges before we can really say it is good enough to keep funds in an exchange wallet.

[germa66]

I think it all depends on you as long as it keeps it in a safe place but I personally usually keep it in exchange because I often use it for trading.

[fudster]

It sure safer in the wallet so long as your wallet or laptop is safe as well. I have some on exchanges because I think I'm going to cash them out anytime soon too. If you are like me who is on the move like a wanted outlaw, you might find your tokens safer in exchanges. Having a verified account in bittrex I think is ALMOST safe.

[krankNL]

What would be a better move ? to keep most of my crypto in Exchanges as seems better option. as with the constant flows - green to reds etc.
in order to make gains or min loss, it seems best to trade a red one to green
eg as today i had lots of reds, but to min loss, i took some of my ETH and verge and traded into XRP which mooned and now my gains are way up
as i keep this crypto thing a constant watch.

What do you all suggest?

i use a Coinomi wallet that is connected to Changelly and SHapeshift
so i do exchanges there.

What do you all recommend?

i am thinking just a wallet for holding a currency for long term and no intention to trade out? just add to? thoughts

Some people trust the security level of the exchanges and they say with 2fa system, it's better to store the coins on exchange platforms. Some others are more conservative and they claim that coins must be stored in your personal wallet, that's your selection.

[michkima]

It sure safer in the wallet so long as your wallet or laptop is safe as well. I have some on exchanges because I think I'm going to cash them out anytime soon too. If you are like me who is on the move like a wanted outlaw, you might find your tokens safer in exchanges. Having a verified account in bittrex I think is ALMOST safe.

It depends really. If you are actively trading there is no point keeping your bitcoins or altcoins in your own wallet, is it? The main reason you are keeping them are that you are trading and it would extremely be a drag that you need to move funds in and out of your wallet and the exchange just to keep safe if you are trading. The only time it is best to keep your coins in your own wallet is when you are holding it for the long run.

[SopihxiDesil]

Keep crypto anywhere always consist some risk:
-Trading: exchange disapper, exchange hacked, lost 2FA key...
-Personal wallet: Lost hardware wallet, lost private key, forget that we have a wallet with money...

[qiwoman2]

It's best to keep most of your portfolio in your wallets and only keep on exchanges what you need for trading or selling/buying purposes. I personally don't think it's a very good idea to hold coins on exchanges in case of some exchange big bang. I have been hacked more on exchanges than in my wallets and now use 2fa for my exchanges as well, which makes it safer for me to work that way.

[bitbunnny]

Wherever you keep your coins localy, wallets or exchangers, there is certain risk of being compromised by hacker attack, malware or something.
Still exchangers are more vulnerable than wallets so it's not recommended to keep your coins there except the amount you want to trade.
Exchangers are not meant to be wallets.
And when you choose the wallet be aware that online wallets are less secure than others.

[ukelover]

I think its better to put it on your wallet,  if you want to wait until the value increases,  that way you will have a peace of mind that your tokens is on a safe place,  theres alot of hackers nowadays so make sure you keep them safe. 

[octopus]

for me some big exchange is good to keep my coin. save coin on your pc is more dangerous