BitNotByte
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Activity: 227
Merit: 10
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April 04, 2018, 03:49:40 PM |
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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
be careful on storing your coins on exchanges for a long time, some are having issues when they're trying to withdraw their coins from the exchange. It is also safer when storing your coins on your cold wallet to prevent hacks, pishing or any other unwanted activities on your coin. |
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yrsat
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April 04, 2018, 03:55:02 PM |
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I prefer to keep my coins in my wallet if i want to hold for a long time, but if i wont to trade then exchanges are good to go.
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anjohyx
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Activity: 451
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April 04, 2018, 03:59:30 PM |
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It depends on you that if you want to do trading then you have only one option and you have to hold your coins in any exchange where you want to trade but if you are a long term holder then you can hod your coins in online wallet or hardware wallet. Hardware wallets are 100% secure from any infiltration.
hardware wallet is best option to secure our fund for long term holder, don't trust online wallet because you never know when your wallet hacked by someone, I recommend to trade in different exchange if you're daily trader, don't store all fund in one exchange, that's too risk |
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kevingreen
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April 04, 2018, 04:07:37 PM |
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It is good to have your coins and tokens in your private wallets for some reasons. When you keep your assets in a private wallet you are totally in control of your assets than when you keep them in exchange wallet. So, it is advice able to use exchange wallet when you are trading not when you are holding for a long time.
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emberbekas
Legendary
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Activity: 1904
Merit: 1000
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April 04, 2018, 04:08:13 PM |
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I prefer to keep my coins in my wallet if i want to hold for a long time, but if i wont to trade then exchanges are good to go.
Yes, it is better to keep our money on our own wallet instead of saving it in an exchange. As soon as we finished our trading activities on an exchange, it will be good to withdraw our money and keep it on the safe place. |
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altcoinhunter01
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April 04, 2018, 04:09:25 PM |
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The best choice is a hardware wallet to add your coins because no one can infieltrade in your hardware wallet and your coins are 100./. safe from hackers eyes.
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fedykog
Member
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Activity: 182
Merit: 10
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April 04, 2018, 04:46:56 PM |
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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
The Binance Exchange is under the jurisdiction of China and is one of the most popular crypto exchange trades.As stated on the website of the exchange, its advantage is to provide high throughput to 1.5 million orders per second, as well as support for basic crypto and languages.I think the stock exchange is one of the safest places to store crypt |
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peterthegreat
Sr. Member
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Activity: 387
Merit: 250
Presale is live!
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April 04, 2018, 04:50:27 PM |
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Unless the amount of the coin is too less for you to worry or if you will be fine if you lose it, than its fine hodling on the exchanges but if its the opposite than you are better off hodling them on your personal wallet. As theres no guarantee for an exchange and they can be hacked any time.
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Valzador
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April 04, 2018, 04:52:32 PM |
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Unless the amount of the coin is too less for you to worry or if you will be fine if you lose it, than its fine hodling on the exchanges but if its the opposite than you are better off hodling them on your personal wallet. As theres no guarantee for an exchange and they can be hacked any time.
then you will lose pump momentum, when you move the coin to the exchange, you realize that the price has gone down. |
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Prohodimec
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April 04, 2018, 04:53:54 PM |
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It's much more safe to keep coins at cold wallet instead of holding at exchange. You can lose all your money cause it can be hacked.
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legend378
Jr. Member
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Activity: 112
Merit: 5
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April 04, 2018, 05:00:44 PM |
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Exchange or wallet?
this is the normal question about some people confused to keep their token,
in my opinion i think we gonna save to keep our token in wallet, why?
becuase in wallet we have some private key and just only one person know it's you.
if you keep your token in exchanger it's no safe , most of people lost their token, because their computer has attacking from virus, this is the high risk to save your token in exchanger.
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oyeade56
Newbie
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Activity: 163
Merit: 0
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April 04, 2018, 05:15:26 PM |
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For me, its difficult to tell which is better but the only answer to that question is that it depends on the token you have that will make you decide if you are to exchange it or keep in your wallet
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jaggijagjit
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April 05, 2018, 12:34:44 PM |
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I always suggest you to use hardware wallet to safe guard your coins. because hardware wallet will never hacked and your coins will be safe always.
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velive08
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April 05, 2018, 12:36:17 PM |
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I choose the wallet because the exchange is now prone to fraud, not all exchange can be trusted to save our assets. so I think we can keep it in the wallet offline.
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dany henry
Newbie
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Activity: 109
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April 05, 2018, 12:40:12 PM |
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I use a wallet to store coin because I trade frequently and it's convenient to trade coin, I use a single coin purse.
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vadikalora
Newbie
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Activity: 31
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April 05, 2018, 12:41:34 PM |
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It depends on your investing strategy. You can keep tokens on exchange if you are going to speculate.
In case of long-term investment it's better to hold coins in wallets. The best - "cold" wallets and Ledger.
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Maloppo
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April 05, 2018, 12:43:13 PM |
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It depends on your investing strategy. You can keep tokens on exchange if you are going to speculate.
In case of long-term investment it's better to hold coins in wallets. The best - "cold" wallets and Ledger.
maybe you are right, if do you want to invest for a long time, it is better to store your coins in the wallet not recommended to store on exchanges. |
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Clearstream
Jr. Member
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Activity: 378
Merit: 4
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April 05, 2018, 12:58:36 PM |
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if the number of coins is small , i will put it on the exchange . transfer coins to the wallet will costs money . if the quantity is worth more than a hundred dollars , i will put it in my wallet and it will be safer .
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pjr77
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April 05, 2018, 12:58:54 PM |
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I think it's better to exchange, because the wallet is not always a reliable way to protect your crypt from hacking by scammers. although in fact, this is a difficult question. with the development of technology scammers also replenish their knowledge and it is terrible even to store their money on a normal credit card.
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landysh007
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April 05, 2018, 09:05:50 PM |
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It depends on your investing strategy. You can keep tokens on exchange if you are going to speculate.
In case of long-term investment it's better to hold coins in wallets. The best - "cold" wallets and Ledger.
maybe you are right, if do you want to invest for a long time, it is better to store your coins in the wallet not recommended to store on exchanges. Each option has pros and cons. Undoubtedly to keep your coins safer in your wallet, because the greater the amount is on the purse, the more so is the coveted prey for the hacker. Since the accounts of exchanges are very large amounts of money, hackers will spend all their resources on the attacks of exchanges. In the past, hackers have already stolen large amounts of money from the accounts of crypto exchanges. |
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