Wallet Vs Exchange

[MadZ]

Assuming plan on holding your coins for a while, I'd recommend investing in a hardware wallet. They're much less expensive than they used to be, and are a much safer alternative to holding on an exchange. You will also be able to send them to an exchange when you want to sell them without much difficulty.

[herurist]

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 !

Most people will choose replace their money ( coins ) in wallet and remove to sell at exchange when the price comes up ( reach your take profit number ). Actually, it's about your mindset, what do you need and is it safe?. There's no safe but we can only minimalism the risk. Don't worry about transfer ( receive - send ) activity, at this moment exchange or wallet can support it. Just take what you need to keep your account ( wallet/ exchange ) safe and have a nice day.

[Soke]

If you're swing trading them than just leave it on the exchange.  If you're just holding them there in replace of having your own wallet, then that's not recommended.  

[valnd]

if you plan to hold it for a long time then i suggest you get if off the exchange. But if you in for trading then you can leave it on exchange

[Cubanlinx81]

I think a combination of Keeping coins on both exchanges and wallet is important. Of course, cold wallet storage is the safest bet; recommend the Ledger. However, it’s a good idea to keep some emergency funds in the exchange. If a coin start to tank, most exchanges don’t permit deposit.

[loragean03]

it is much better to transfer you token on you wallet (hardware wallet) for more secure purposes because stoking it on exchange site has a risk. while in your wallet has not. if you are waiting for the big change (pump) and you wont do any trading activity everyday, it much better to move and wait your token to hit your achievement price.

[dalu1]

If you are not active traders, you probably should keep it in wallet, otherwise, keep it on exchange

[letua]

As for my views if you invest in low price and have your token with you. I think the good suggestion of mine is 'don't sleep' . Watch the price to increase then go and sell it if you want to sell it to have profit.
Let me say this is just my idea on what I see your situation  . And you should be strong to hold it until to increase the price of your token.

[rickn]

This will depend on your investor profile.
If you are a long-term investor, it is advisable that you transfer your tokens to your own wallet and a hardware wallet such as Ledger Nano and Trezor are the best options to keep your tokens safe.
But if you are a short-term investor who wants to take advantage of market volatility and pocketed profits as soon as the value of your token reaches a certain price, the option of keeping tokens in an exchange is better.
You gain with agility of being able to negotiate them immediately without having to wait for the transfer of the tokens from your wallet to an exchange.
However, this alternative should only be adopted with exchanges with a higher level of security.

[LupeKidman]

If you're planning on holding certain altcoins for a longer period of time, it's advised to keep them in a secure desktop or hardware wallet.
You're always running the risk that the exchange gets hacked or that they'll disappear with your coins.

[imteaz]

I would like to have 80% assets in the wallet and 20% in exchange, So you can play around with the price and trading, and take risk if needed. Rest of 80% will be locked up in the wallet for long term investment. But it up to you, if you are day trader, then you might want to keep 70% on exchange, but it bit risky, but you gotta take risk to earn profit.

[tabas]

Would I be able to transfer them back to a exchange and cash them?

The time that will be wasted by putting your wallet in an hardware wallet is your concern when TRX starts to pump. But keeping that much of coins worth in $ to exchanges is highly at risk.

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?

Yes, you just need to pay some fees but that's very tiny. If you prefer the long term holding then don't keep it on exchanges and just transfer it back to binance if you need some cash.

[jamids]

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 !

It is always better to secure your coins that's why storing it in a hardware wallet would be the best choice. There is always a risk that the exchange can be hack the same with what happen to Mt. Gox years ago that's why those in the crypto during that time always suggest to not leave the coins in an exchange because of this risk. If you want to trade it for the short term though then you have a choice to just leave it there but if you hold it for the long term then better transfer it to a wallet.

[passwordnow]

If you're planning on holding certain altcoins for a longer period of time, it's advised to keep them in a secure desktop or hardware wallet.
You're always running the risk that the exchange gets hacked or that they'll disappear with your coins.

Never put that amount in binance 100,000 TRX is worth 0.617 BTC's currently. Missing the waves of moving with every single sats with that volume of coin is a big loss if ever a trader will have time of transferring it. But that's not a problem if your security, I mean your funds security is at risk. Better to experience the hassle and take time to effort when sending your TRX to binance just for selling. But if that amount to you is acceptable to lose when something happens, it's up to you.

[AliCris]

The exchange is a necessary evil. There is no doubt that keeping coins in your wallet, you keep them safe. But then they will be dead weight. And they don't have to be. But no one will insure you from a Scam exchange. So there you have to make a decision at your own risk.

[Davidbugs2]

Exchanges are never good for long time holding, even they are not good for short term holding but we have to take risk for trading. Best thing is to save in hardware wallets.

[BethLogins]

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 !

If you dont have any plan to trade it in the near future,you should put your holdings in a hardwallet just to be safe.Because exchange accounts might be compromised so it is not advisable to use it as your wallet.Do not risk your holdings in exchanges if you are not going to trade these coins.It is better to be safe than sorry.

[Kryten12]

If you want to trade then you are better to leave them in the exchange. If you want to hold them for a long period then the safer choice is to keep them in your own wallet. You will have to pay a withdrawl fee to Binance to take them out and then in the future when you want to deposit again you will pay a network fee same as any other transaction.

[IgorShumilo]

I think you need to listen to those guys who are advised to keep their investments on a cold wallet, from which you have a password! I think everyone remembers the collapse of some of the major exchanges, and from this or who is not zrtkrahovan in the future. Now there is a large-scale regulation of this market by the states / countries, it may turn out that some exchanges will be forced to close, and I'm afraid that our investments may as well disappear! Be cautious and it is better not to keep a lot of money on the stock exchanges!

[KuromaYoichi]

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 !

If you have hardware wallet then it's certainly better to move the token there as it is safer, exchange is not a safe place to store your token as there will be risk of getting your account blocked / hacked etc. For the second question, if you want to sell then just deposit the trx back to binance from your hardware wallet and sell it then you can cash it out, as simple as that. It's better to move your asset to your wallet if you plan to hold long, the only reason i leave my coin in exchange is when i want to trade with that coin/token.