Wallet Vs Exchange

[warning_btc]

Exchange good with feature storing many currencies in one place, but wallets controlled by only you.
I am prefer create many wallets and control myself my moneys

[jakiro.hovard]

In this comparison, I think the best variant will be to keep your money in your wallet, and it is advisable generally to buy separate devices that are specially created for this purpose to store bitcoin on them,

[junder]

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 !

Yes you be able to sent back to an exchange. better to store your coin in the wallet than exchanges
because the wallet you have the private key and you can control your coin there.

[mpufatzis]

Normally, you keep your coins to the exchange only if you trade regularly. If you buy and sell these coins many times a day or week, it would be better to keep them in the exchange. You will pay fewer fees for your transactions.
If you want to hold your coins for long periods I'd suggest you send them to your cold storage wallet for more safety.
We all know what happened to MtGox a few years ago.

[ask]

6000$ is a good amount of money. if you are planning to hold your tokens for a while than you must buy a hardware wallet instead of holding them at exchanges.
Exchanges are always risk to hold your tokens and coins get them to your hardware wallet as soon as possible

[Mihaylovic]

wallets (except online wallets) are always quite more safe comparing with exchanges. we have witnessed many issue about those centralized exchanges before. But on the otherhand exchanges are the only way to set a stop limit.

[Valzador]

The minus of hardware wallets is that if you want to sell, you definitely will not get the highest price.
But the advantages, your coins are more secure than stored in the exchange

[Freezingel]

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 !

You should consider how long you want to wait for the value of the token to go up, if it's more than 2 week I suggest moving your trx to hardware wallet as you have them and it's definitely more secure than leaving it in exchange. The downside is you have to be quick to move it back again to catch the best price to sell, or you can even miss a sell opportunity because the deposit takes some time.

[saidur3419]

take it into hardware wallet.but it takes small fee for the transfer but ur invest is safe.if it go on high price and u think that is time to sell take them back to exchange to sell.to store in exchange is not safe I think.

[Docbee]

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 !

The safest place to keep your coin/token is your hardware wallet. An exchange can be hacked any time and if you want to take profit you can transfer the token/coin back to the exchange. There is no rule stopping you from doing that.

[emmmmm]

Yes, you can deposit them in the exchange in a few months.
But please note that your private key is saved, and the TRON is based on the ETH's token, and then it may need a certain ETH, about 0.0001.

[yeagoforit]

You can either save it on exchange or wallet if you put it in your wallet there will be a transaction fee and just in case in the future you wanted to exchange it for profits you will need to go back to exchanges again and it will have additional fees. In any exchanges even it's top platforms there is a chance that it might target by hackers. And that your investment might get lost as well so if you're into long term investment i would suggest to save it on the wallet for safety purposes.

[investeerder]

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 !

The safest place to keep your coin/token is your hardware wallet. An exchange can be hacked any time and if you want to take profit you can transfer the token/coin back to the exchange. There is no rule stopping you from doing that.

Ledger nano will be the best selection for that since if they trust those exchange and it end up hacked then they will lose their money for that and I'm sure exchangers will never issue an refund since they will wash their hands for that scenario. We should send the coins we wish to trade and that can make us safe for any site vulnerabilities.

[webmone]

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 !

I prefer to store all my cryptocurrency savings in my external usb wallet. I think this is the safest way. This place is least vulnerable to hacker attacks and viruses. If you haven't usb wallet yet then set it surely.

[MatjaCoin]

You should have majority in wallets, because you'll never know, when exchange will stop operationg, or someone could steal all those currencyes that you have on exchange...

[bitcoinposts]

Wallet is self holding but where exchange is fearful holding coins exchange have high chances of technical issues

[jak3]

If you transfer your coins to a wallet then yes you can exchange them later by transferring them back to the exchange. Keeping your friends in an exchange is risky because they can easily get hacked are the funds can get stolen which is really happened many times. And exchange charges us fees for every action you do such as making a buy or sell trade or making a withdrawal or deposit request.

[Dart18]

It had been always the wallet which is the safest for me.
Look, an exchange can always close and when that happens how are you going to deal with it?
If they run you are already lost. Except if you are a rich guy who can somehow make its way to pursue them.

Happened before and we should have learned this lesson.
I dont have the links but you could always google those trading sites.

[munareal]

Wallet are a safer place to keep your tokens . Move them to an exchange when you want to sell. You are the only one that have access to your private keys but with an exchange you can be scammed and you lose your coins