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Author Topic: Exchange or Wallet?  (Read 8669 times)
Tsubachuchu
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March 28, 2018, 05:23:27 AM
 #1001

It is probably on your wallet because if you are currently doing a bounty campaign it is mandatory that it should be store in your wallet but if you want to trade it, it should be in the exchange wallet because it is the necessary thing to do.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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uzitgc
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March 28, 2018, 05:29:41 AM
 #1002

My wallet is to store crypto since its the safest way and u have the private keys and if u r for long term investment. If u r a short trader u go for exhange but the always accept the risk that the exchanges might be hack.
Aldrinx00
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March 28, 2018, 05:53:33 AM
 #1003

If you want to do day trade then you obviously need to put it on exchange to lessen the hassle of transferring from another wallet which is costly. But beware of some exchange because your precious coins/altcoins might vanished. If your a holder then you must put your holdings on a wallet where you have full control.

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March 28, 2018, 06:00:19 AM
 #1004

sure, better for save you coins in wallet, im has a case when i have 2ETH in market exchanger lost my account not in hacking, just dont know where my coins go. choose market exchange and wallet its critical choose best and safety wallet and exchange to save your coins
DabsPoorVersion
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March 28, 2018, 06:22:19 AM
 #1005

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
it is more safe to store your coins on wallets, there are some possibilities that a certain coin might delist on exchanges or might hack it. but if you are going to trade it then you must put it on the exchanger.


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TelegAda
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March 29, 2018, 06:01:07 AM
 #1006

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
Well, good is better for each coin in your wallet, or may because of the monotony of the ban, there are those that ICO ban give for the repetition of the purse and his change.

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coly20032003
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March 29, 2018, 06:03:01 AM
 #1007

For me, I initially bought some bitcoin and ETH on coinbase, then I kept it there till now. For some airdrop altcoins, since some of them do not support exchange yet, so I downloaded their wallet and kept the coins there.

But maybe I should transfer everything to my local wallet just to be safe.
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March 29, 2018, 06:11:51 AM
 #1008

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
it is more safe to store your coins on wallets, there are some possibilities that a certain coin might delist on exchanges or might hack it. but if you are going to trade it then you must put it on the exchanger.
For long term, it's good to store your coins or tokens in your wallet.
Most of the projects I invested were eth tokens so I don't have a problem keeping it since there is MEW that we can safely store our tokens.

Actually, we have to make our own decision, we can also put some in exchanges so we can easily sell by setting a target price.

talinabtc
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March 29, 2018, 06:13:29 AM
 #1009

long term storage, go for wallets with backup of seeds. for short term trading/speculation, go with exchanges
nhattori27
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March 29, 2018, 06:16:18 AM
 #1010

You can't trust exchanges. These exchanges are not fair in their dealings. You have to keep your coins on wallet. There are a few good wallets such as Metamask and MyEtherWallet.
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March 29, 2018, 06:21:50 AM
 #1011

The idea of cryptocurrency is to make you in charge of your own funds. That's the core meaning of the decentralized ecosystem.

Keeping your funds in an exchange is anti - decentralization which could ultimately lead to loss of funds when it's hacked.
Keeping your funds in your wallet is safe except when transferring it will cost you very much.

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phun.io
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March 29, 2018, 10:43:56 AM
 #1012

If you are trading constantly, keep some funds on an exchange. However if you are HODLing long term, a wallet is best.
islafilipina
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March 29, 2018, 10:49:48 AM
 #1013

On my own opinion i will go for exchange coz it will be more easy for me to exchange my coins if im in a hurry  Wink
smyslov
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March 29, 2018, 10:51:54 AM
 #1014

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
If you are an active trader then wallet is your best choice, so you can trade continuously, but if you are a long-term investor and just want to hold it's better to hold your coins to a wallet where you can control the private key, in my case I made it 50/50 in case the exchange go down or my private key is lost.
Samkol26
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March 29, 2018, 10:55:46 AM
 #1015

Why would you create different wallets for each coin when you can keep all in one wallet. And you don't need to keep your coin in exchange if you are not ready to trade. Eclxchange wallets are meant for trading. And if on a decentralized exchange you can easily loose your coin.

Folajuwon56
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March 29, 2018, 11:00:42 AM
 #1016

Wallet, because it will more secured in my wallet till I feel like trading it

Fawad Khan
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March 29, 2018, 11:08:38 AM
 #1017

at this stage of market is in very dump condition so hold the investment....its all depend on your mind ...how much risk you can bear ...so i recommend you hold it
Taki
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March 29, 2018, 11:10:06 AM
 #1018

Everything is up to your target. If you micro earner and you plan to cash out your earnings like weekly then there is nothing serious to keep your coins on an exchanger. That's how I do actually. So, if you are keeper and the sum of coins is raising nonstop my recommendation to you is to hold them on wallet and better use for it a checked wallet like hardware wallet on computer with good anti-virus.
wayancrypto
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March 29, 2018, 11:11:26 AM
 #1019

Because my purpose to bought crypto only to make profit from trading so i prefer to keep it in exchange,  i have plan to increasing the profit by compound and then when i reach the goal , i will withdraw half of it to fiat. I dont have any plan to hodling any coins so i prefer put coins in some exchange. But when hodling any coins for years will better use personal wallet that we have control with the private key, this is will be much better for security reason.

ndico
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March 29, 2018, 11:11:52 AM
 #1020

If you are a long time HOLDER then leave your coin in the wallet but if you are a trader then leave it on the exchanges. but it is always better to leave them on wallet, paper wallet or hardware wallet like the in coming Xzen wallet.

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